STP&I Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: STPI-R (THB3.5) is trading above our estimate of fair value (THB2.36)

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

Key Valuation Metric

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

Key metric: As STPI-R is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for STPI-R. This is calculated by dividing STPI-R's market cap by their current revenue.
What is STPI-R's PS Ratio?
PS Ratio	2x
Sales	฿3.18b
Market Cap	฿6.34b

STPI-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	3.1x
Enterprise Value/EBITDA	15.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for STPI-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	0.3x
TSTH Tata Steel (Thailand)	0.2x	n/a	฿5.6b
MCS M.C.S. Steel	0.6x	n/a	฿3.5b
INOX POSCO-Thainox	0.3x	n/a	฿4.1b
TMT TMT Steel	0.2x	n/a	฿3.0b
STPI-R STP&I	2x	n/a	฿6.3b

Price-To-Sales vs Peers: STPI-R is expensive based on its Price-To-Sales Ratio (2x) compared to the peer average (0.3x).

Price to Sales Ratio vs Industry

How does STPI-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$17.69m
SAM Samchai Steel Industries	0.04x	n/a	US$6.97m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: STPI-R is expensive based on its Price-To-Sales Ratio (2x) compared to the TH Metals and Mining industry average (0.3x).

Price to Sales Ratio vs Fair Ratio

What is STPI-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.

STPI-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2x
Fair PS Ratio	n/a

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