Tipco Foods Public Company Limited

SET:TIPCO Stock Report

Market Cap: ฿4.7b

Tipco Foods Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: TIPCO (THB9.8) is trading below our estimate of fair value (THB10.94)

Significantly Below Fair Value: TIPCO is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for TIPCO. This is calculated by dividing TIPCO's market cap by their current revenue.
What is TIPCO's PS Ratio?
PS Ratio1.8x
Sales฿2.58b
Market Cap฿4.73b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TIPCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
TFM Thai Union Feedmill
0.8xn/a฿4.1b
LST Lam Soon (Thailand)
0.4xn/a฿4.1b
KCG KCG Corporation
0.7x12.1%฿4.9b
TSTE TSTE
2.1xn/a฿5.6b
TIPCO Tipco Foods
1.8xn/a฿4.7b

Price-To-Sales vs Peers: TIPCO is expensive based on its Price-To-Sales Ratio (1.8x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

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

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
CFRESH Seafresh Industry
0.2xn/aUS$33.14m
CHOTI Kiang Huat Sea Gull Trading Frozen Food
0.2xn/aUS$13.89m
POMPUI Kuang Pei San Food Products
0.1xn/aUS$4.05m
No more companies available in this PS range
TIPCO 1.8xIndustry Avg. 0.7xNo. of Companies14PS00.81.62.43.24+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TIPCO is expensive based on its Price-To-Sales Ratio (1.8x) compared to the TH Food industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is TIPCO'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.

TIPCO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.8x
Fair PS Ration/a

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