Dhipaya Group Holdings Public Company Limited

THAMSE:TIPH-F Stock Report

Market Cap: ฿14.4b

Dhipaya Group Holdings Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: TIPH-F (THB28) is trading below our estimate of fair value (THB57.57)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TIPH-F?

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

The above table shows the Price to Earnings ratio for TIPH-F. This is calculated by dividing TIPH-F's market cap by their current earnings.
What is TIPH-F's PE Ratio?
PE Ratio9.3x
Earnings฿1.54b
Market Cap฿14.38b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TIPH-F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.1x
AYUD Allianz Ayudhya Capital
12.1xn/a฿12.3b
BKIH BKI Holdings
11.2xn/a฿30.8b
MTI Muang Thai Insurance
9.2xn/a฿6.3b
TVH Thaivivat Holdings
8.1xn/a฿2.9b
TIPH-F Dhipaya Group Holdings
9.3xn/a฿14.4b

Price-To-Earnings vs Peers: TIPH-F is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (10.1x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TIPH-F 9.3xIndustry Avg. 11.0xNo. of Companies45PE0816243240+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TIPH-F is good value based on its Price-To-Earnings Ratio (9.3x) compared to the Asian Insurance industry average (11x).

Price to Earnings Ratio vs Fair Ratio

What is TIPH-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.

TIPH-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ration/a

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

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