Exotic Food Valuation

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

XO-R (THB20.1) is trading below our estimate of [[fair value]] (THB40.03)

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: XO-R (THB20.1) is trading below our estimate of fair value (THB40.03)

Significantly Below Fair Value: XO-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 XO-R?

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

The above table shows the Price to Earnings ratio for XO-R. This is calculated by dividing XO-R's market cap by their current earnings.
What is XO-R's PE Ratio?
PE Ratio	9.6x
Earnings	฿898.06m
Market Cap	฿8.61b

XO-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	3x
Enterprise Value/EBITDA	8.4x
PEG Ratio	21.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for XO-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	50.9x
NSL NSL Foods	19.9x	11.8%	฿9.9b
KSL Khon Kaen Sugar Industry	7.6x	-1.3%	฿8.7b
KTIS Kaset Thai International Sugar Corporation	162.2x	n/a	฿11.3b
TKN Taokaenoi Food & Marketing	13.7x	1.8%	฿11.9b
XO-R Exotic Food	9.6x	0.5%	฿8.6b

Price-To-Earnings vs Peers: XO-R is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (50.9x).

Price to Earnings Ratio vs Industry

How does XO-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: XO-R is good value based on its Price-To-Earnings Ratio (9.6x) compared to the TH Food industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is XO-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.

XO-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.6x
Fair PE Ratio	12.9x

Price-To-Earnings vs Fair Ratio: XO-R is good value based on its Price-To-Earnings Ratio (9.6x) compared to the estimated Fair Price-To-Earnings Ratio (12.9x).

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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