Aesthetic Connect Valuation

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

Below Fair Value: TRP-R (THB9.25) is trading above our estimate of fair value (THB4.31)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TRP-R. This is calculated by dividing TRP-R's market cap by their current earnings.
What is TRP-R's PE Ratio?
PE Ratio	21.4x
Earnings	฿151.43m
Market Cap	฿3.24b

TRP-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	3.7x
Enterprise Value/EBITDA	11.4x
PEG Ratio	1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TRP-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	24.6x
LPH Ladprao General Hospital	50.2x	n/a	฿3.2b
RPH Ratchaphruek Hospital	17.3x	n/a	฿3.0b
AHC Aikchol Hospital	14.1x	n/a	฿2.4b
PHG Patrangsit Healthcare Group	16.7x	11.4%	฿4.8b
TRP-R Aesthetic Connect	21.4x	22.1%	฿3.2b

Price-To-Earnings vs Peers: TRP-R is good value based on its Price-To-Earnings Ratio (21.4x) compared to the peer average (24.6x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TRP-R is good value based on its Price-To-Earnings Ratio (21.4x) compared to the TH Healthcare industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is TRP-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.

TRP-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	21.4x
Fair PE Ratio	25.6x

Price-To-Earnings vs Fair Ratio: TRP-R is good value based on its Price-To-Earnings Ratio (21.4x) compared to the estimated Fair Price-To-Earnings Ratio (25.6x).

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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