Sri Trang Gloves (Thailand) Valuation

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

STGT-R (THB10.8) is trading above our estimate of [[fair value]] (THB3.32)

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

Below Fair Value: STGT-R (THB10.8) is trading above our estimate of fair value (THB3.32)

Significantly Below Fair Value: STGT-R is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for STGT-R?

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

The above table shows the Price to Earnings ratio for STGT-R. This is calculated by dividing STGT-R's market cap by their current earnings.
What is STGT-R's PE Ratio?
PE Ratio	78.1x
Earnings	฿396.37m
Market Cap	฿30.94b

STGT-R 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	1.4x
Enterprise Value/EBITDA	13.1x
PEG Ratio	1.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for STGT-R 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	21.7x
TOG Thai Optical Group	12.2x	n/a	฿4.7b
CHG Chularat Hospital	24.7x	9.5%	฿28.4b
BCH Bangkok Chain Hospital	28x	13.1%	฿41.4b
RAM Ramkhamhaeng Hospital	21.6x	16.2%	฿28.0b
STGT-R Sri Trang Gloves (Thailand)	78.1x	50.3%	฿30.9b

Price-To-Earnings vs Peers: STGT-R is expensive based on its Price-To-Earnings Ratio (78.1x) compared to the peer average (21.7x).

Price to Earnings Ratio vs Industry

How does STGT-R's PE Ratio compare vs other companies in the Asian Medical Equipment Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: STGT-R is expensive based on its Price-To-Earnings Ratio (78.1x) compared to the Asian Medical Equipment industry average (25.9x).

Price to Earnings Ratio vs Fair Ratio

What is STGT-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.

STGT-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	78.1x
Fair PE Ratio	62.1x

Price-To-Earnings vs Fair Ratio: STGT-R is expensive based on its Price-To-Earnings Ratio (78.1x) compared to the estimated Fair Price-To-Earnings Ratio (62.1x).

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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