Indorama Ventures Public Company Limited

SET:IVL-R Stock Report

Market Cap: ฿144.6b

Indorama Ventures Valuation

Is IVL-R 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-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 IVL-R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IVL-R (THB25.75) is trading below our estimate of fair value (THB32.12)

Significantly Below Fair Value: IVL-R is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for IVL-R. This is calculated by dividing IVL-R's market cap by their current revenue.
What is IVL-R's PS Ratio?
PS Ratio0.3x
Sales฿551.77b
Market Cap฿144.57b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for IVL-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
PTTGC PTT Global Chemical
0.2x-2.0%฿116.1b
TOA TOA Paint (Thailand)
1.5x4.5%฿33.0b
BCT Birla Carbon (Thailand)
1.6xn/a฿20.6b
EPG Eastern Polymer Group
0.8x4.5%฿11.6b
IVL-R Indorama Ventures
0.3x0.1%฿144.6b

Price-To-Sales vs Peers: IVL-R is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does IVL-R's PS Ratio compare vs other companies in the TH Chemicals Industry?

0 CompaniesPrice / SalesEstimated GrowthMarket Cap
No more companies available in this PS range
IVL-R 0.3xIndustry Avg. 0.6xNo. of Companies5PS00.40.81.21.62+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: IVL-R is good value based on its Price-To-Sales Ratio (0.3x) compared to the TH Chemicals industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is IVL-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.

IVL-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: IVL-R is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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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