Thai Packaging & Printing Valuation

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

TPP (THB12.2) is trading below our estimate of [[fair value]] (THB12.36)

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

Below Fair Value: TPP (THB12.2) is trading below our estimate of fair value (THB12.36)

Significantly Below Fair Value: TPP is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TPP. This is calculated by dividing TPP's market cap by their current earnings.
What is TPP's PE Ratio?
PE Ratio	27.4x
Earnings	฿16.69m
Market Cap	฿457.50m

TPP 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	0.6x
Enterprise Value/EBITDA	3.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TPP 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	31.3x
SPACK S. Pack & Print	9.3x	n/a	฿540.0m
TPLAS Thai Plastic Industrial (1994)	31.4x	n/a	฿359.1m
TCOAT Thai Coating Industrial	75.8x	n/a	฿262.5m
TOPP Thai O.P.P	8.6x	n/a	฿1.0b
TPP Thai Packaging & Printing	27.4x	n/a	฿457.5m

Price-To-Earnings vs Peers: TPP is good value based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (29.3x).

Price to Earnings Ratio vs Industry

How does TPP'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: TPP is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the TH Packaging industry average (10.8x).

Price to Earnings Ratio vs Fair Ratio

What is TPP'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.

TPP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	27.4x
Fair PE Ratio	n/a

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