Thai O.P.P Valuation

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

TOPP (THB169) is trading above our estimate of [[fair value]] (THB124.62)

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

Below Fair Value: TOPP (THB169) is trading above our estimate of fair value (THB124.62)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TOPP. This is calculated by dividing TOPP's market cap by their current earnings.
What is TOPP's PE Ratio?
PE Ratio	8.6x
Earnings	฿118.18m
Market Cap	฿1.01b

TOPP 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	0.4x
Enterprise Value/EBITDA	3.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does TOPP's PE Ratio compare to its peers?

The above table shows the PE ratio for TOPP 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	8.8x
STP Sahathai Printing & Packaging	8.6x	n/a	฿1.2b
PJW Panjawattana Plastic	12.1x	17.4%	฿1.6b
TPBI TPBI	5x	n/a	฿1.8b
SPACK S. Pack & Print	9.3x	n/a	฿540.0m
TOPP Thai O.P.P	8.6x	n/a	฿1.0b

Price-To-Earnings vs Peers: TOPP is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (10.5x).

Price to Earnings Ratio vs Industry

How does TOPP'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: TOPP is good value based on its Price-To-Earnings Ratio (8.6x) compared to the TH Packaging industry average (10.7x).

Price to Earnings Ratio vs Fair Ratio

What is TOPP'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.

TOPP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.6x
Fair PE Ratio	n/a

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