TQM Alpha Valuation

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

TQM-R (THB28.75) is trading above our estimate of [[fair value]] (THB25.58)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: TQM-R (THB28.75) is trading above our estimate of fair value (THB25.58)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for TQM-R. This is calculated by dividing TQM-R's market cap by their current preferred multiple.
What is TQM-R's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	฿16.65b

TQM-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	4.6x
Enterprise Value/EBITDA	14.1x
PEG Ratio	2.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TQM-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	12.6x
TQR TQR	15.6x	n/a	฿1.6b
TIPH Dhipaya Group Holdings	11x	n/a	฿17.8b
AYUD Allianz Ayudhya Capital	12.6x	n/a	฿12.7b
BKIH BKI Holdings	11.2x	n/a	฿32.1b
TQM-R TQM Alpha	20.4x	9.6%	฿17.3b

Price-To-Earnings vs Peers: TQM-R is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the peer average (12.6x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	10.9%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	10.9%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: TQM-R is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the Asian Insurance industry average (10.8x).

Price to Earnings Ratio vs Fair Ratio

What is TQM-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.

TQM-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19.7x
Fair PE Ratio	10.7x

Price-To-Earnings vs Fair Ratio: TQM-R is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the estimated Fair Price-To-Earnings Ratio (10.7x).

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.