Pacific Pipe Public Company Limited

SET:PAP Stock Report

Market Cap: ฿1.2b

Pacific Pipe Valuation

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

Below Fair Value: PAP (THB1.76) is trading above our estimate of fair value (THB0.07)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PAP. This is calculated by dividing PAP's market cap by their current revenue.
What is PAP's PS Ratio?
PS Ratio0.2x
Sales฿7.57b
Market Cap฿1.16b

Price to Sales Ratio vs Peers

How does PAP's PS Ratio compare to its peers?

The above table shows the PS ratio for PAP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
TYCN Tycoons Worldwide Group (Thailand)
0.3xn/a฿1.2b
LHK Lohakit Metal
0.6xn/a฿1.5b
CEN Capital Engineering Network
1.2xn/a฿1.5b
SSSC Siam Steel Service Center
0.3xn/a฿1.4b
PAP Pacific Pipe
0.2xn/a฿1.2b

Price-To-Sales vs Peers: PAP is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does PAP's PS Ratio compare vs other companies in the TH Metals and Mining Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
MILL Millcon Steel
0.09xn/aUS$17.72m
SAM Samchai Steel Industries
0.04xn/aUS$6.97m
No more companies available in this PS range
PAP 0.2xIndustry Avg. 0.3xNo. of Companies7PS00.40.81.21.62+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PAP is good value based on its Price-To-Sales Ratio (0.2x) compared to the TH Metals and Mining industry average (0.3x).

Price to Sales Ratio vs Fair Ratio

What is PAP'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.

PAP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate PAP'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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