TPBI Valuation

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

TPBI-R (THB4.12) is trading below our estimate of [[fair value]] (THB6.68)

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: TPBI-R (THB4.12) is trading below our estimate of fair value (THB6.68)

Significantly Below Fair Value: TPBI-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 TPBI-R?

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

The above table shows the Price to Earnings ratio for TPBI-R. This is calculated by dividing TPBI-R's market cap by their current earnings.
What is TPBI-R's PE Ratio?
PE Ratio	4.9x
Earnings	฿347.04m
Market Cap	฿1.72b

TPBI-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	0.4x
Enterprise Value/EBITDA	3.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TPBI-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	10.1x
PJW Panjawattana Plastic	13.4x	27.3%	฿1.6b
STP Sahathai Printing & Packaging	8.5x	n/a	฿1.2b
THIP Thantawan Industry	8.5x	n/a	฿2.6b
SFLEX Starflex	9.9x	5.4%	฿2.5b
TPBI-R TPBI	4.9x	n/a	฿1.7b

Price-To-Earnings vs Peers: TPBI-R is good value based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (10.1x).

Price to Earnings Ratio vs Industry

How does TPBI-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: TPBI-R is good value based on its Price-To-Earnings Ratio (4.9x) compared to the TH Packaging industry average (9.7x).

Price to Earnings Ratio vs Fair Ratio

What is TPBI-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.

TPBI-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	4.9x
Fair PE Ratio	n/a

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