NFC Valuation

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

NFC-R (THB1.7) is trading above our estimate of [[fair value]] (THB0.33)

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: NFC-R (THB1.7) is trading above our estimate of fair value (THB0.33)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NFC-R. This is calculated by dividing NFC-R's market cap by their current earnings.
What is NFC-R's PE Ratio?
PE Ratio	11.5x
Earnings	฿160.48m
Market Cap	฿1.85b

NFC-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	3.6x
Enterprise Value/EBITDA	12.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does NFC-R's PE Ratio compare to its peers?

The above table shows the PE ratio for NFC-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	14.2x
PATO Pato Chemical Industry	14.3x	n/a	฿1.2b
PMTA PM Thoresen Asia Holdings	5.4x	n/a	฿855.1m
TCCC Thai Central Chemical	22.3x	n/a	฿16.4b
CMAN Chememan	14.8x	n/a	฿2.1b
NFC-R NFC	11.5x	n/a	฿1.8b

Price-To-Earnings vs Peers: NFC-R is expensive based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (11.5x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: NFC-R is good value based on its Price-To-Earnings Ratio (11.5x) compared to the TH Chemicals industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is NFC-R'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.

NFC-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NFC-R'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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