Thai Union Feedmill Valuation

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

TFM-F (THB10.5) is trading below our estimate of [[fair value]] (THB119.13)

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

Below Fair Value: TFM-F (THB10.5) is trading below our estimate of fair value (THB119.13)

Significantly Below Fair Value: TFM-F is trading below fair value by more than 20%.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for TFM-F. This is calculated by dividing TFM-F's market cap by their current preferred multiple.
What is TFM-F's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	฿4.48b

TFM-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	1x
Enterprise Value/EBITDA	14.7x
PEG Ratio	0.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TFM-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	15.7x
PLUS Royal Plus	22.7x	23.1%	฿3.7b
LST Lam Soon (Thailand)	8.9x	n/a	฿4.0b
FM Food Moments	10.1x	21.1%	฿4.6b
CHAO Chaosua Foods Industry	21x	22.7%	฿3.4b
TFM-F Thai Union Feedmill	33.9x	55.4%	฿4.5b

Price-To-Earnings vs Peers: TFM-F is expensive based on its Price-To-Earnings Ratio (33.9x) compared to the peer average (17.2x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	22.8%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	22.8%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: TFM-F is expensive based on its Price-To-Earnings Ratio (33.9x) compared to the TH Food industry average (18.3x).

Price to Earnings Ratio vs Fair Ratio

What is TFM-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.

TFM-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	33.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TFM-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.