Thai Reinsurance Public Company Limited

SET:THRE Stock Report

Market Cap: ฿2.4b

Thai Reinsurance Valuation

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

Below Fair Value: Insufficient data to calculate THRE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate THRE's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for THRE. This is calculated by dividing THRE's market cap by their current earnings.
What is THRE's PE Ratio?
PE Ratio9.8x
Earnings฿240.87m
Market Cap฿2.36b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for THRE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.7x
TVH Thaivivat Holdings
8.2xn/a฿2.9b
TQR TQR
13xn/a฿1.4b
NKI Navakij Insurance
16.7xn/a฿912.0m
MTI Muang Thai Insurance
8.9xn/a฿6.3b
THRE Thai Reinsurance
9.8xn/a฿2.4b

Price-To-Earnings vs Peers: THRE is good value based on its Price-To-Earnings Ratio (9.8x) compared to the peer average (11.7x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
THRE 9.8xIndustry Avg. 10.9xNo. of Companies50PE0816243240+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: THRE is good value based on its Price-To-Earnings Ratio (9.8x) compared to the Asian Insurance industry average (10.8x).

Price to Earnings Ratio vs Fair Ratio

What is THRE'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.

THRE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.8x
Fair PE Ration/a

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