Thai Beverage Public Company Limited

SET:THAIBEV19 Stock Report

Market Cap: ฿337.3b

Thai Beverage Valuation

Is THAIBEV19 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 THAIBEV19 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: THAIBEV19 (THB13.3) is trading below our estimate of fair value (THB18.04)

Significantly Below Fair Value: THAIBEV19 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for THAIBEV19?

Key metric: As THAIBEV19 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for THAIBEV19. This is calculated by dividing THAIBEV19's market cap by their current earnings.
What is THAIBEV19's PE Ratio?
PE Ratio12.7x
Earnings฿26.53b
Market Cap฿337.28b

Price to Earnings Ratio vs Peers

How does THAIBEV19's PE Ratio compare to its peers?

The above table shows the PE ratio for THAIBEV19 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.8x
CPF Charoen Pokphand Foods
13.7x4.2%฿201.1b
CBG Carabao Group
28.9x10.0%฿79.0b
OSP Osotspa
41.3x28.6%฿63.1b
TFMAMA Thai President Foods
15.4xn/a฿65.8b
THAIBEV19 Thai Beverage
12.7x8.0%฿13.1b

Price-To-Earnings vs Peers: THAIBEV19 is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (24.8x).

Price to Earnings Ratio vs Industry

How does THAIBEV19's PE Ratio compare vs other companies in the Asian Beverage Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
THAIBEV19 12.7xIndustry Avg. 19.0xNo. of Companies26PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: THAIBEV19 is good value based on its Price-To-Earnings Ratio (12.7x) compared to the Asian Beverage industry average (19x).

Price to Earnings Ratio vs Fair Ratio

What is THAIBEV19'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.

THAIBEV19 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate THAIBEV19'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.

Discover undervalued companies

T.A.C. Consumer

฿2.9b

Engages in the manufacture and distribution of beverage in Thailand and internationally.

TACC-R

฿4.76

7D

-1.2%

1Y

9.7%

Thai Union Group

฿58.7b

Engages in the manufacture and sale of frozen, chilled, and canned seafood in Thailand and internationally.

TU-R

฿13.80

7D

-2.8%

1Y

-0.7%

Asian Alliance International

฿12.0b

Produces and sells pet food and ready-to-eat human food products in Thailand, the United States, the United Kingdom, Thailand, the Kingdom of Saudi Arabia, Japan, Italy, and internationally.

AAI

฿5.65

7D

-2.6%

1Y

44.1%