Thaifoods Group Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: TFG-R (THB3.7) is trading below our estimate of fair value (THB8.49)

Significantly Below Fair Value: TFG-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 TFG-R?

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

The above table shows the Price to Earnings ratio for TFG-R. This is calculated by dividing TFG-R's market cap by their current earnings.
What is TFG-R's PE Ratio?
PE Ratio	15.3x
Earnings	฿1.40b
Market Cap	฿21.50b

TFG-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	0.7x
Enterprise Value/EBITDA	6.7x
PEG Ratio	0.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TFG-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	16.8x
ICHI Ichitan Group	13.3x	7.2%	฿18.9b
SAPPE Sappe	19.4x	12.9%	฿23.6b
COCOCO Thai Coconut	21.5x	21.6%	฿16.9b
TVO Thai Vegetable Oil	12.7x	6.3%	฿20.5b
TFG-R Thaifoods Group	15.3x	24.6%	฿21.5b

Price-To-Earnings vs Peers: TFG-R is good value based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (16.7x).

Price to Earnings Ratio vs Industry

How does TFG-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: TFG-R is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the TH Food industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is TFG-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.

TFG-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15.3x
Fair PE Ratio	21.6x

Price-To-Earnings vs Fair Ratio: TFG-R is good value based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (21.6x).

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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