Thai Poly Acrylic Valuation

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

TPA (THB4.1) is trading above our estimate of [[fair value]] (THB0.6)

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

Below Fair Value: TPA (THB4.1) is trading above our estimate of fair value (THB0.6)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TPA. This is calculated by dividing TPA's market cap by their current earnings.
What is TPA's PE Ratio?
PE Ratio	50.8x
Earnings	฿9.82m
Market Cap	฿498.15m

TPA 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	0.5x
Enterprise Value/EBITDA	15.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TPA 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	17.9x
MBAX Multibax	42.6x	n/a	฿473.1m
UP Union Plastic	7.4x	n/a	฿427.5m
EASON Eason & Co	8.6x	n/a	฿640.4m
SUTHA Golden Lime	13x	n/a	฿1.1b
TPA Thai Poly Acrylic	50.8x	n/a	฿498.2m

Price-To-Earnings vs Peers: TPA is expensive based on its Price-To-Earnings Ratio (50.8x) compared to the peer average (17.9x).

Price to Earnings Ratio vs Industry

How does TPA's PE Ratio compare vs other companies in the TH Chemicals 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: TPA is expensive based on its Price-To-Earnings Ratio (50.8x) compared to the TH Chemicals industry average (13.2x).

Price to Earnings Ratio vs Fair Ratio

What is TPA'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.

TPA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	50.8x
Fair PE Ratio	n/a

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