Thai Metal Drum Manufacturing Valuation

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

TMD-R (THB24.8) is trading below our estimate of [[fair value]] (THB41.48)

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

Below Fair Value: TMD-R (THB24.8) is trading below our estimate of fair value (THB41.48)

Significantly Below Fair Value: TMD-R is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TMD-R. This is calculated by dividing TMD-R's market cap by their current earnings.
What is TMD-R's PE Ratio?
PE Ratio	10.6x
Earnings	฿349.53m
Market Cap	฿3.72b

TMD-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	1.3x
Enterprise Value/EBITDA	5.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TMD-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	10.5x
SITHAI Srithai Superware	9.2x	n/a	฿3.5b
SMPC Sahamitr Pressure Container	8.8x	n/a	฿4.9b
TPAC Thai Plaspac	8.1x	12.2%	฿3.5b
BGC BG Container Glass	16.1x	8.9%	฿5.3b
TMD-R Thai Metal Drum Manufacturing	10.6x	n/a	฿3.7b

Price-To-Earnings vs Peers: TMD-R is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (10.6x).

Price to Earnings Ratio vs Industry

How does TMD-R's PE Ratio compare vs other companies in the TH Packaging 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: TMD-R is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the TH Packaging industry average (9.3x).

Price to Earnings Ratio vs Fair Ratio

What is TMD-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.

TMD-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TMD-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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