General Engineering Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: GEL-R (THB0.1) is trading above our estimate of fair value (THB0.01)

Significantly Below Fair Value: GEL-R is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GEL-R?

Key metric: As GEL-R is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GEL-R. This is calculated by dividing GEL-R's market cap by their current revenue.
What is GEL-R's PS Ratio?
PS Ratio	0.2x
Sales	฿4.02b
Market Cap	฿861.20m

GEL-R 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	1.5x
Enterprise Value/EBITDA	-91.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does GEL-R's PS Ratio compare to its peers?

The above table shows the PS ratio for GEL-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.7x
SMART Smart Concrete	1.3x	n/a	฿812.4m
YONG Yong Concrete	0.8x	n/a	฿829.6m
STECH Siam Technic Concrete	0.4x	n/a	฿804.8m
CCP Chonburi Concrete Product	0.3x	n/a	฿802.7m
GEL-R General Engineering	0.2x	n/a	฿861.2m

Price-To-Sales vs Peers: GEL-R is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does GEL-R's PS Ratio compare vs other companies in the Asian Basic Materials Industry?

26 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.2x	3.0%
GEL-R General Engineering	0.2x	n/a	US$25.03m

26 Companies		Estimated Growth	Market Cap
Industry Avg.	1.2x	23.0%
GEL-R General Engineering	0.2x	n/a	US$25.03m

No more companies

Price-To-Sales vs Industry: GEL-R is good value based on its Price-To-Sales Ratio (0.2x) compared to the Asian Basic Materials industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is GEL-R's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GEL-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate GEL-R's Price-To-Sales 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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