Allianz Ayudhya Capital Valuation

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

AYUD-R (THB32) is trading below our estimate of [[fair value]] (THB38.68)

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

Below Fair Value: AYUD-R (THB32) is trading below our estimate of fair value (THB38.68)

Significantly Below Fair Value: AYUD-R is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AYUD-R. This is calculated by dividing AYUD-R's market cap by their current earnings.
What is AYUD-R's PE Ratio?
PE Ratio	13.6x
Earnings	฿918.34m
Market Cap	฿12.46b

AYUD-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	1.2x
Enterprise Value/EBITDA	11.2x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AYUD-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	9.2x
TIPH Dhipaya Group Holdings	9.4x	n/a	฿14.5b
MTI Muang Thai Insurance	8.8x	n/a	฿6.2b
BKIH BKI Holdings	11.1x	n/a	฿30.6b
TVH Thaivivat Holdings	7.5x	n/a	฿2.8b
AYUD-R Allianz Ayudhya Capital	13.6x	n/a	฿12.5b

Price-To-Earnings vs Peers: AYUD-R is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (9.2x).

Price to Earnings Ratio vs Industry

How does AYUD-R's PE Ratio compare vs other companies in the Asian Insurance Industry?

5 Companies	Price / Earnings	Estimated Growth	Market Cap

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: AYUD-R is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the Asian Insurance industry average (10.8x).

Price to Earnings Ratio vs Fair Ratio

What is AYUD-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.

AYUD-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AYUD-R'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.

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