Eastern Polymer Group Public Company Limited

SET:EPG Stock Report

Market Cap: ฿11.6b

Eastern Polymer Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: EPG (THB4.16) is trading above our estimate of fair value (THB3.78)

Significantly Below Fair Value: EPG is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EPG. This is calculated by dividing EPG's market cap by their current earnings.
What is EPG's PE Ratio?
PE Ratio14x
Earnings฿834.54m
Market Cap฿11.65b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EPG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.8x
PSP P.S.P. Specialties
10.2xn/a฿6.1b
BCT Birla Carbon (Thailand)
9.2xn/a฿20.6b
TOA TOA Paint (Thailand)
16.4x13.5%฿33.0b
SPG Siam Pan Group
15.6xn/a฿4.8b
EPG Eastern Polymer Group
14x22.7%฿11.6b

Price-To-Earnings vs Peers: EPG is expensive based on its Price-To-Earnings Ratio (14x) compared to the peer average (12.8x).

Price to Earnings Ratio vs Industry

How does EPG's PE Ratio compare vs other companies in the TH Chemicals Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
EPG 14.0xIndustry Avg. 13.3xNo. of Companies4PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EPG is good value based on its Price-To-Earnings Ratio (14x) compared to the TH Chemicals industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is EPG'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.

EPG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14x
Fair PE Ratio15.9x

Price-To-Earnings vs Fair Ratio: EPG is good value based on its Price-To-Earnings Ratio (14x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).

Analyst Price Targets

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

The above table shows the analyst EPG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿4.16
฿6.11
+46.9%
14.4%฿7.80฿5.25n/a5
Nov ’25฿4.70
฿6.60
+40.4%
12.4%฿7.80฿5.70n/a4
Oct ’25฿5.10
฿6.60
+29.4%
12.4%฿7.80฿5.70n/a4
Sep ’25฿3.94
฿6.90
+75.1%
10.7%฿7.80฿6.00n/a3
Aug ’25฿4.48
฿8.25
+84.2%
15.2%฿10.30฿6.90n/a4
Jul ’25฿5.05
฿8.25
+63.4%
15.2%฿10.30฿6.90n/a4
Jun ’25฿6.70
฿9.50
+41.8%
16.4%฿11.00฿6.90n/a4
May ’25฿6.85
฿9.91
+44.7%
9.0%฿11.00฿8.55n/a4
Apr ’25฿6.75
฿9.91
+46.9%
9.0%฿11.00฿8.55n/a4
Mar ’25฿7.15
฿9.91
+38.6%
9.0%฿11.00฿8.55n/a4
Feb ’25฿7.45
฿9.75
+30.8%
11.9%฿11.00฿7.88n/a4
Jan ’25฿8.30
฿9.75
+17.4%
11.9%฿11.00฿7.88n/a4
Dec ’24฿7.15
฿9.33
+30.4%
11.0%฿10.30฿7.60n/a4
Nov ’24฿6.50
฿9.25
+42.3%
10.8%฿10.30฿7.60฿4.704
Oct ’24฿6.60
฿9.25
+40.2%
10.8%฿10.30฿7.60฿5.104
Sep ’24฿6.90
฿9.25
+34.1%
10.8%฿10.30฿7.60฿3.944
Aug ’24฿6.60
฿9.28
+40.6%
9.7%฿10.30฿7.60฿4.485
Jul ’24฿6.90
฿9.28
+34.5%
9.7%฿10.30฿7.60฿5.055
Jun ’24฿7.00
฿9.90
+41.4%
13.4%฿12.00฿7.60฿6.706
May ’24฿7.45
฿10.26
+37.7%
9.9%฿12.00฿9.10฿6.855
Apr ’24฿8.10
฿10.26
+26.7%
9.9%฿12.00฿9.10฿6.755
Mar ’24฿8.15
฿10.97
+34.6%
16.7%฿14.50฿9.10฿7.156
Feb ’24฿8.85
฿11.36
+28.3%
13.8%฿14.50฿9.40฿7.457
Jan ’24฿9.90
฿12.09
+22.1%
9.7%฿14.50฿10.60฿8.307
Dec ’23฿10.10
฿12.58
+24.5%
13.5%฿16.00฿10.60฿7.158
Nov ’23฿10.70
฿12.58
+17.5%
13.5%฿16.00฿10.60฿6.508

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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