Sub Sri Thai Public Company Limited

SET:SST Stock Report

Market Cap: ฿2.2b

Sub Sri Thai Valuation

Is SST 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: SST (THB4.24) is trading above our estimate of fair value (THB2.26)

Significantly Below Fair Value: SST is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SST?

Key metric: As SST is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SST. This is calculated by dividing SST's market cap by their current revenue.
What is SST's PS Ratio?
PS Ratio0.6x
Sales฿3.66b
Market Cap฿2.23b

Price to Sales Ratio vs Peers

How does SST's PS Ratio compare to its peers?

The above table shows the PS ratio for SST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
TC Tropical Canning (Thailand)
0.4xn/a฿2.3b
TACC T.A.C. Consumer
1.4x9.1%฿2.8b
NRF NR Instant Produce
0.5xn/a฿2.1b
TWPC Thai Wah
0.3xn/a฿2.6b
SST Sub Sri Thai
0.6xn/a฿2.2b

Price-To-Sales vs Peers: SST is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does SST's PS Ratio compare vs other companies in the TH Food Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
CFRESH Seafresh Industry
0.2xn/aUS$32.77m
CHOTI Kiang Huat Sea Gull Trading Frozen Food
0.2xn/aUS$13.91m
POMPUI Kuang Pei San Food Products
0.1xn/aUS$4.05m
No more companies available in this PS range
SST 0.6xIndustry Avg. 0.7xNo. of Companies13PS00.81.62.43.24+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SST is good value based on its Price-To-Sales Ratio (0.6x) compared to the TH Food industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

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

SST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SST's Price-To-Sales 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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