Exotic Food Public Company Limited

SET:XO Stock Report

Market Cap: ฿8.7b

Exotic Food Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: XO (THB20.3) is trading below our estimate of fair value (THB40.03)

Significantly Below Fair Value: XO 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?

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

The above table shows the Price to Earnings ratio for XO. This is calculated by dividing XO's market cap by their current earnings.
What is XO's PE Ratio?
PE Ratio9.7x
Earnings฿898.06m
Market Cap฿8.69b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for XO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51.6x
NSL NSL Foods
19.5x11.8%฿9.7b
KSL Khon Kaen Sugar Industry
7.6x-1.3%฿8.6b
KTIS Kaset Thai International Sugar Corporation
165.6xn/a฿11.5b
TKN Taokaenoi Food & Marketing
13.7x1.8%฿11.8b
XO Exotic Food
9.7x0.5%฿8.7b

Price-To-Earnings vs Peers: XO is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (51.6x).

Price to Earnings Ratio vs Industry

How does XO's PE Ratio compare vs other companies in the TH Food Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
XO 9.7xIndustry Avg. 13.7xNo. of Companies8PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: XO is good value based on its Price-To-Earnings Ratio (9.7x) compared to the TH Food industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is XO'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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ratio12.9x

Price-To-Earnings vs Fair Ratio: XO is good value based on its Price-To-Earnings Ratio (9.7x) 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?

The above table shows the analyst XO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿20.30
฿25.52
+25.7%
7.7%฿27.00฿22.75n/a3
Nov ’25฿23.40
฿25.93
+10.8%
9.0%฿28.25฿22.75n/a3
Oct ’25฿24.30
฿27.30
+12.3%
12.4%฿30.90฿22.75n/a3
Sep ’25฿24.60
฿27.30
+11.0%
12.4%฿30.90฿22.75n/a3
Aug ’25฿25.00
฿27.30
+9.2%
12.4%฿30.90฿22.75n/a3
Jul ’25฿26.25
฿27.30
+4.0%
12.4%฿30.90฿22.75n/a3
Jun ’25฿31.00
฿25.50
-17.7%
10.8%฿28.25฿22.75n/a2
Apr ’25฿26.75
฿28.08
+5.0%
19.0%฿33.40฿22.75n/a2
Mar ’25฿23.60
฿35.70
+51.3%
6.4%฿38.00฿33.40n/a2
Feb ’25฿22.60
฿35.70
+58.0%
6.4%฿38.00฿33.40n/a2
Jan ’25฿24.00
฿35.70
+48.8%
6.4%฿38.00฿33.40n/a2
Dec ’24฿28.00
฿35.70
+27.5%
6.4%฿38.00฿33.40n/a2
Nov ’24฿30.75
฿34.70
+12.8%
3.7%฿36.00฿33.40฿23.402
Oct ’24฿28.50
฿34.70
+21.8%
3.7%฿36.00฿33.40฿24.302
Nov ’23฿12.20
฿16.30
+33.6%
4.3%฿17.00฿15.60฿30.752

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Ichitan Group

฿19.2b

Together with its subsidiary Ichitan Power Co., Ltd., engages in the manufacture and sale of beverages in Thailand and internationally.

ICHI

฿14.80

7D

-3.3%

1Y

0.7%

Asian Alliance International

฿12.2b

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

฿5.75

7D

0.9%

1Y

58.0%

Thai Union Group

฿58.3b

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

TU-R

฿13.70

7D

-1.4%

1Y

-3.5%