Allianz Ayudhya Capital Valuation

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

AYUD-F (THB31.25) is trading below our estimate of [[fair value]] (THB37.9)

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

Below Fair Value: AYUD-F (THB31.25) is trading below our estimate of fair value (THB37.9)

Significantly Below Fair Value: AYUD-F 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-F?

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

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

AYUD-F 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-F's PE Ratio compare to its peers?

The above table shows the PE ratio for AYUD-F 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	9.4x
TIPH Dhipaya Group Holdings	9.5x	n/a	฿14.6b
MTI Muang Thai Insurance	8.8x	n/a	฿6.3b
BKIH BKI Holdings	11.2x	n/a	฿30.9b
TVH Thaivivat Holdings	8.2x	n/a	฿2.9b
AYUD-F Allianz Ayudhya Capital	13.6x	n/a	฿12.5b

Price-To-Earnings vs Peers: AYUD-F is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (9.4x).

Price to Earnings Ratio vs Industry

How does AYUD-F'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: AYUD-F 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-F'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-F 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-F'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

Bangkok Life Assurance

฿35.0b

Provides life insurance services to individuals and corporates in Thailand.

BLA-R

฿20.50

1.0%

Thai Life Insurance

฿119.1b

Provides life insurance products and services in Thailand.

TLI-R

฿10.40

5.6%

4.0%

Muang Thai Insurance

฿6.3b

Provides non-life insurance products and services in Thailand.

MTI-R

฿106.00

-0.5%

-4.1%