Sri Trang Gloves (Thailand) Public Company Limited

SET:STGT Stock Report

Market Cap: ฿30.9b

Sri Trang Gloves (Thailand) Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for STGT. This is calculated by dividing STGT's market cap by their current earnings.
What is STGT's PE Ratio?
PE Ratio78.1x
Earnings฿396.37m
Market Cap฿30.94b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for STGT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.7x
TOG Thai Optical Group
12.2xn/a฿4.7b
CHG Chularat Hospital
24.7x9.5%฿28.4b
BCH Bangkok Chain Hospital
28x13.1%฿41.4b
RAM Ramkhamhaeng Hospital
21.6x16.2%฿28.0b
STGT Sri Trang Gloves (Thailand)
78.1x50.3%฿30.9b

Price-To-Earnings vs Peers: STGT 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's PE Ratio compare vs other companies in the Asian Medical Equipment Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
STGT 78.1xIndustry Avg. 25.7xNo. of Companies47PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: STGT 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'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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio78.1x
Fair PE Ratio62.1x

Price-To-Earnings vs Fair Ratio: STGT 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?

The above table shows the analyst STGT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿10.80
฿13.91
+28.8%
2.5%฿14.28฿13.45n/a3
Nov ’25฿10.60
฿13.87
+30.8%
3.0%฿14.28฿13.45n/a2
Oct ’25฿12.60
฿13.87
+10.0%
3.0%฿14.28฿13.45n/a2
Sep ’25฿10.60
฿13.87
+30.8%
3.0%฿14.28฿13.45n/a2
Sep ’24฿7.35
฿10.10
+37.4%
1.0%฿10.20฿10.00฿10.602
Aug ’24฿7.20
฿10.10
+40.3%
1.0%฿10.20฿10.00฿9.102
Jul ’24฿7.45
฿8.83
+18.6%
20.3%฿10.20฿6.30฿10.003
Jun ’24฿9.20
฿8.83
-4.0%
20.3%฿10.20฿6.30฿11.203
May ’24฿9.10
฿8.83
-2.9%
20.3%฿10.20฿6.30฿9.253
Apr ’24฿10.20
฿8.83
-13.4%
20.3%฿10.20฿6.30฿8.853
Mar ’24฿11.10
฿11.46
+3.2%
30.6%฿15.60฿6.30฿8.455
Feb ’24฿10.50
฿11.30
+7.6%
31.7%฿15.60฿6.30฿7.005
Jan ’24฿10.00
฿11.30
+13.0%
31.7%฿15.60฿6.30฿6.705
Dec ’23฿9.90
฿12.75
+28.8%
36.1%฿20.00฿6.30฿6.206
Nov ’23฿11.30
฿14.70
+30.1%
27.3%฿20.00฿6.30฿5.807

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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