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

THRE-F is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (11.3x).

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

THRE-F is good value based on its Price-To-Earnings Ratio (9.4x) compared to the Asian Insurance industry average (10.9x).

What is THRE-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.

Insufficient data to calculate THRE-F's Price-To-Earnings Fair Ratio for valuation analysis.

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

Insufficient data to calculate THRE-F's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

THRE-F Stock Overview

Provides non-life reinsurance products and services in Thailand. More details

THRE-F fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	5/6
Financial Health	5/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (9.4x) is below the TH market (13.8x)

Earnings grew by 60.5% over the past year

Risk Analysis

Shares are highly illiquid

Does not have a meaningful market cap (THB2B)

My Notes

Capture your thoughts, links and company narrative

Thai Reinsurance Public Company Limited Competitors

Thaivivat Holdings

SET:TVH

฿2.5b

TQR

SET:TQR

฿1.3b

Navakij Insurance

SET:NKI

฿912.0m

Muang Thai Insurance

SET:MTI

฿6.3b

Price History & Performance

Summary of share price highs, lows and changes for Thai Reinsurance
Historical stock prices
Current Share Price	฿0.50
52 Week High	฿0
52 Week Low	฿0
Beta	0.78
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-79.10%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	THRE-F	TH Insurance	TH Market
7D	0%	-3.0%	-4.7%
1Y	n/a	-4.3%	-3.4%

Return vs Industry: Insufficient data to determine how THRE-F performed against the TH Insurance industry.

Return vs Market: Insufficient data to determine how THRE-F performed against the TH Market.

Price Volatility

Is THRE-F's price volatile compared to industry and market?
THRE-F volatility
THRE-F Average Weekly Movement	n/a
Insurance Industry Average Movement	4.1%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.9%
10% least volatile stocks in TH Market	2.1%

Stable Share Price: THRE-F's share price has been volatile over the past 3 months compared to the TH market.

Volatility Over Time: Insufficient data to determine THRE-F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1978	n/a	Oran Vongsuraphichet	www.thaire.co.th

Thai Reinsurance Public Company Limited provides non-life reinsurance products and services in Thailand. The company operates through two segments, Conventional Products and Non-Conventional Products. It offers reinsurance products, including motor, property, fire, industrial all risk, marine hull and cargo, liability, financial, personal accident, health, etc. The company also provides computer services in relation to motor insurance claim management; claim management and marketing services; and actuarial, training, and advisory services, as well as technical consultation and professional risk pool management services.

Thai Reinsurance Public Company Limited Fundamentals Summary

How do Thai Reinsurance's earnings and revenue compare to its market cap?
THRE-F fundamental statistics
Market cap	฿2.28b
Earnings (TTM)	฿240.87m
Revenue (TTM)	฿5.46b

9.4x

P/E Ratio

0.4x

P/S Ratio

Is THRE-F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
THRE-F income statement (TTM)
Revenue	฿5.46b
Cost of Revenue	฿4.43b
Gross Profit	฿1.02b
Other Expenses	฿783.67m
Earnings	฿240.87m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.057
Gross Margin	18.77%
Net Profit Margin	4.41%
Debt/Equity Ratio	0%

How did THRE-F perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 07:19
End of Day Share Price	2024/11/06 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Thai Reinsurance Public Company Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Usanee Liurut	Asia Plus Securities Company Limited
Trin Sittisawad	Yuanta Securities (Thailand) Company Limited