Sahakol Equipment Valuation

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

SQ-R (THB0.83) is trading above our estimate of [[fair value]] (THB0.65)

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

Below Fair Value: SQ-R (THB0.83) is trading above our estimate of fair value (THB0.65)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SQ-R. This is calculated by dividing SQ-R's market cap by their current revenue.
What is SQ-R's PS Ratio?
PS Ratio	0.2x
Sales	฿5.16b
Market Cap	฿953.80m

SQ-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	1.2x
Enterprise Value/EBITDA	5.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SQ-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	0.2x
AMC Asia Metal	0.2x	n/a	฿1.4b
SSSC Siam Steel Service Center	0.3x	n/a	฿1.4b
2S 2S Metal	0.2x	n/a	฿1.5b
PAP Pacific Pipe	0.2x	n/a	฿1.2b
SQ-R Sahakol Equipment	0.2x	n/a	฿953.8m

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

Price to Sales Ratio vs Industry

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

2 Companies	Price / Sales	Estimated Growth	Market Cap
MILL Millcon Steel	0.08x	n/a	US$15.98m
SAM Samchai Steel Industries	0.04x	n/a	US$6.98m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: SQ-R 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 SQ-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.

SQ-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 SQ-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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