Carabao Group Valuation

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

CBG-F (THB53.25) is trading above our estimate of [[fair value]] (THB46.42)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: CBG-F (THB53.25) is trading above our estimate of fair value (THB46.42)

Significantly Below Fair Value: CBG-F is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CBG-F. This is calculated by dividing CBG-F's market cap by their current earnings.
What is CBG-F's PE Ratio?
PE Ratio	29.1x
Earnings	฿2.29b
Market Cap	฿66.50b

CBG-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	3.8x
Enterprise Value/EBITDA	20.1x
PEG Ratio	2.7x

Price to Earnings Ratio vs Peers

How does CBG-F's PE Ratio compare to its peers?

The above table shows the PE ratio for CBG-F 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	27.7x
OSP Osotspa	43.1x	29.2%	฿64.9b
SSC Sermsuk	41.4x	n/a	฿16.8b
HTC Haad Thip	11.1x	n/a	฿6.5b
TFMAMA Thai President Foods	15.3x	n/a	฿66.3b
CBG-F Carabao Group	29.1x	10.9%	฿66.5b

Price-To-Earnings vs Peers: CBG-F is expensive based on its Price-To-Earnings Ratio (29.1x) compared to the peer average (21.8x).

Price to Earnings Ratio vs Industry

How does CBG-F's PE Ratio compare vs other companies in the Asian Beverage Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CBG-F is expensive based on its Price-To-Earnings Ratio (29.1x) compared to the Asian Beverage industry average (19.8x).

Price to Earnings Ratio vs Fair Ratio

What is CBG-F'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.

CBG-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	29.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CBG-F's Price-To-Earnings 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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