Thai Wah Valuation

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

TWPC-R (THB3.02) is trading above our estimate of [[fair value]] (THB1.59)

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

Below Fair Value: TWPC-R (THB3.02) is trading above our estimate of fair value (THB1.59)

Significantly Below Fair Value: TWPC-R is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TWPC-R?

Key metric: As TWPC-R is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TWPC-R. This is calculated by dividing TWPC-R's market cap by their current revenue.
What is TWPC-R's PS Ratio?
PS Ratio	0.3x
Sales	฿10.33b
Market Cap	฿2.66b

TWPC-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	0.5x
Enterprise Value/EBITDA	9.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does TWPC-R's PS Ratio compare to its peers?

The above table shows the PS ratio for TWPC-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.1x
TC Tropical Canning (Thailand)	0.4x	n/a	฿2.4b
SUN Sunsweet	0.9x	n/a	฿3.2b
TACC T.A.C. Consumer	1.5x	9.1%	฿2.9b
CHAO Chaosua Foods Industry	1.5x	15.5%	฿2.4b
TWPC-R Thai Wah	0.3x	n/a	฿2.7b

Price-To-Sales vs Peers: TWPC-R is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

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

2 Companies	Price / Sales	Estimated Growth	Market Cap
CFRESH Seafresh Industry	0.2x	n/a	US$39.68m
POMPUI Kuang Pei San Food Products	0.1x	n/a	US$4.05m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: TWPC-R is good value based on its Price-To-Sales Ratio (0.3x) compared to the TH Food industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is TWPC-R'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.

TWPC-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TWPC-R'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.

Discover undervalued companies

T.A.C. Consumer

฿2.8b

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

TACC-R

฿4.70

-4.1%

10.3%

Thai Union Group

฿57.9b

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

TU-R

฿13.60

-5.6%

-2.2%

Asian Alliance International

฿12.1b

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

-2.6%

44.1%