Eastern Polymer Group Public Company Limited

SET:EPG Stock Report

Market Cap: ฿13.6b

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 (THB4.78) is trading above our estimate of fair value (THB4.49)

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?

Other financial metrics that can be useful for relative valuation.

EPG 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/Revenue1.3x
Enterprise Value/EBITDA10.4x
PEG Ratio1x

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 Average11.3x
BCT Birla Carbon (Thailand)
4.6xn/a฿21.6b
PSP P.S.P. Specialties
12.4xn/a฿7.1b
TOA TOA Paint (Thailand)
14.6x4.6%฿40.0b
SPG Siam Pan Group
13.8xn/a฿4.6b
EPG Eastern Polymer Group
11.3x11.5%฿13.6b

Price-To-Earnings vs Peers: EPG is good value based on its Price-To-Earnings Ratio (11.3x) compared to the peer average (11.3x).


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
Industry Avg.n/a60.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a60.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: EPG is good value based on its Price-To-Earnings Ratio (11.3x) compared to the TH Chemicals industry average (13.5x).


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 Ratio11.3x
Fair PE Ratio13x

Price-To-Earnings vs Fair Ratio: EPG is good value based on its Price-To-Earnings Ratio (11.3x) compared to the estimated Fair Price-To-Earnings Ratio (13x).


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฿4.78
฿8.25
+72.6%
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฿7.60n/a4
Oct ’24฿6.60
฿9.25
+40.2%
10.8%฿10.30฿7.60n/a4
Sep ’24฿6.90
฿9.25
+34.1%
10.8%฿10.30฿7.60n/a4
Aug ’24฿6.60
฿9.28
+40.6%
9.7%฿10.30฿7.60n/a5
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
Oct ’23฿9.95
฿12.58
+26.4%
13.5%฿16.00฿10.60฿6.608
Sep ’23฿9.65
฿12.58
+30.3%
13.5%฿16.00฿10.60฿6.908
Aug ’23฿9.70
฿15.18
+56.5%
7.4%฿16.60฿13.70฿6.606
Jul ’23฿9.35
฿15.18
+62.4%
7.4%฿16.60฿13.70฿6.906

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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