BKI Holdings Valuation

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

BKIH (THB297) is trading below our estimate of [[fair value]] (THB406.65)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: BKIH (THB297) is trading below our estimate of fair value (THB406.65)

Significantly Below Fair Value: BKIH is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BKIH. This is calculated by dividing BKIH's market cap by their current earnings.
What is BKIH's PE Ratio?
PE Ratio	11.2x
Earnings	฿2.75b
Market Cap	฿30.90b

BKIH 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	1.3x
Enterprise Value/EBITDA	8.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BKIH 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	10x
TIPH Dhipaya Group Holdings	9.5x	n/a	฿14.6b
AYUD Allianz Ayudhya Capital	13.6x	n/a	฿12.5b
MTI Muang Thai Insurance	8.8x	n/a	฿6.3b
TVH Thaivivat Holdings	8.2x	n/a	฿2.9b
BKIH BKI Holdings	11.2x	n/a	฿30.9b

Price-To-Earnings vs Peers: BKIH is expensive based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (10x).

Price to Earnings Ratio vs Industry

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

6 Companies	Price / Earnings	Estimated Growth	Market Cap

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BKIH is expensive based on its Price-To-Earnings Ratio (11.2x) compared to the Asian Insurance industry average (10.8x).

Price to Earnings Ratio vs Fair Ratio

What is BKIH'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.

BKIH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.2x
Fair PE Ratio	n/a

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

Discover undervalued companies

Thaivivat Holdings

฿2.9b

Provides various non-life insurance products in Thailand and Lao.

TVH

฿9.70

2.1%

28.5%

Dhipaya Group Holdings

฿14.6b

An investment holding company, provides non-life insurance products in Thailand.

TIPH-F

฿28.00

Muang Thai Insurance

฿6.3b

Provides non-life insurance products and services in Thailand.

MTI-R

฿106.00

-0.5%

-4.1%