Master Style Public Company Limited

SET:MASTER-R Stock Report

Market Cap: ฿13.0b

Master Style Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: MASTER-R (THB43.25) is trading below our estimate of fair value (THB70.64)

Significantly Below Fair Value: MASTER-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 MASTER-R?

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

The above table shows the Price to Earnings ratio for MASTER-R. This is calculated by dividing MASTER-R's market cap by their current earnings.
What is MASTER-R's PE Ratio?
PE Ratio28x
Earnings฿466.64m
Market Cap฿13.05b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MASTER-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26x
PR9 Praram 9 Hospital
28.9x11.3%฿20.1b
WPH Wattanapat Hospital Trang
26xn/a฿6.6b
CMR Chiang Mai Ram Medical Business
26.4xn/a฿7.2b
SKR Sikarin
22.9xn/a฿19.3b
MASTER-R Master Style
28x17.9%฿13.0b

Price-To-Earnings vs Peers: MASTER-R is expensive based on its Price-To-Earnings Ratio (28x) compared to the peer average (26x).

Price to Earnings Ratio vs Industry

How does MASTER-R's PE Ratio compare vs other companies in the TH Healthcare Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
MASTER-R 28.0xIndustry Avg. 21.5xNo. of Companies9PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MASTER-R is expensive based on its Price-To-Earnings Ratio (28x) compared to the TH Healthcare industry average (21.5x).

Price to Earnings Ratio vs Fair Ratio

What is MASTER-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.

MASTER-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28x
Fair PE Ratio28.2x

Price-To-Earnings vs Fair Ratio: MASTER-R is good value based on its Price-To-Earnings Ratio (28x) compared to the estimated Fair Price-To-Earnings Ratio (28.2x).

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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