Asian Palm Oil Valuation

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

Below Fair Value: Insufficient data to calculate APO-F's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate APO-F's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for APO-F?

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

The above table shows the Price to Sales ratio for APO-F. This is calculated by dividing APO-F's market cap by their current revenue.
What is APO-F's PS Ratio?
PS Ratio	0.3x
Sales	฿1.42b
Market Cap	฿469.20m

APO-F 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	0.3x
Enterprise Value/EBITDA	60x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does APO-F's PS Ratio compare to its peers?

The above table shows the PS ratio for APO-F 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	0.9x
CHOTI Kiang Huat Sea Gull Trading Frozen Food	0.2x	n/a	฿481.9m
CFARM Chuwit Farm (2019)	2.5x	12.5%	฿556.8m
GLOCON Global Consumer	0.3x	n/a	฿562.8m
F&D Food and Drinks	0.8x	n/a	฿665.3m
APO-F Asian Palm Oil	0.3x	n/a	฿469.2m

Price-To-Sales vs Peers: APO-F 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 APO-F's PS Ratio compare vs other companies in the TH Food Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
CFRESH Seafresh Industry	0.2x	n/a	US$33.14m
CHOTI Kiang Huat Sea Gull Trading Frozen Food	0.2x	n/a	US$13.89m
POMPUI Kuang Pei San Food Products	0.1x	n/a	US$4.05m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: APO-F is good value based on its Price-To-Sales Ratio (0.3x) compared to the TH Food industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is APO-F'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.

APO-F 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 APO-F'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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