Srinanaporn Marketing Public Company Limited

SET:SNNP-R Stock Report

Market Cap: ฿11.2b

Srinanaporn Marketing Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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 SNNP-R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SNNP-R (THB11.7) is trading below our estimate of fair value (THB23.92)

Significantly Below Fair Value: SNNP-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 SNNP-R?

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

The above table shows the Price to Earnings ratio for SNNP-R. This is calculated by dividing SNNP-R's market cap by their current earnings.
What is SNNP-R's PE Ratio?
PE Ratio	17.3x
Earnings	฿648.16m
Market Cap	฿11.23b

SNNP-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	2x
Enterprise Value/EBITDA	12.7x
PEG Ratio	1.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SNNP-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	51.8x
RBF R&B Food Supply	25.2x	11.2%	฿13.2b
TKN Taokaenoi Food & Marketing	13.1x	1.8%	฿11.3b
GFPT GFPT	6.8x	-5.5%	฿13.5b
KTIS Kaset Thai International Sugar Corporation	162.2x	n/a	฿11.3b
SNNP-R Srinanaporn Marketing	17.3x	9.9%	฿11.2b

Price-To-Earnings vs Peers: SNNP-R is good value based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (51.8x).

Price to Earnings Ratio vs Industry

How does SNNP-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: SNNP-R is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the TH Food industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is SNNP-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.

SNNP-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.3x
Fair PE Ratio	15.5x

Price-To-Earnings vs Fair Ratio: SNNP-R is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the estimated Fair Price-To-Earnings Ratio (15.5x).

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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