Thaitheparos Valuation

Q: What is the Fair Price of SAUCE-R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SAUCE-R (THB39.25) is trading below our estimate of [[fair value]] (THB55.96)

Is SAUCE-R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SAUCE-R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SAUCE-R (THB39.25) is trading below our estimate of fair value (THB55.96)

Significantly Below Fair Value: SAUCE-R is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SAUCE-R?

Key metric: As SAUCE-R is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SAUCE-R. This is calculated by dividing SAUCE-R's market cap by their current earnings.
What is SAUCE-R's PE Ratio?
PE Ratio	19x
Earnings	฿744.91m
Market Cap	฿14.13b

SAUCE-R key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.7x
Enterprise Value/EBITDA	12.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does SAUCE-R's PE Ratio compare to its peers?

The above table shows the PE ratio for SAUCE-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	15.3x
GFPT GFPT	6.8x	-5.5%	฿13.3b
AAI Asian Alliance International	11.8x	6.8%	฿11.6b
RBF R&B Food Supply	25.2x	11.2%	฿13.1b
SNNP Srinanaporn Marketing	17.3x	9.9%	฿11.0b
SAUCE-R Thaitheparos	19x	n/a	฿14.1b

Price-To-Earnings vs Peers: SAUCE-R is expensive based on its Price-To-Earnings Ratio (19x) compared to the peer average (15.1x).

Price to Earnings Ratio vs Industry

How does SAUCE-R's PE Ratio compare vs other companies in the TH Food Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SAUCE-R is expensive based on its Price-To-Earnings Ratio (19x) compared to the TH Food industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is SAUCE-R's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SAUCE-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SAUCE-R's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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