Ubis (Asia) Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: UBIS-R (THB1.63) is trading below our estimate of fair value (THB6.82)

Significantly Below Fair Value: UBIS-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 UBIS-R?

Key metric: As UBIS-R is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for UBIS-R. This is calculated by dividing UBIS-R's market cap by their current revenue.
What is UBIS-R's PS Ratio?
PS Ratio	0.5x
Sales	฿868.55m
Market Cap	฿464.55m

UBIS-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	0.5x
Enterprise Value/EBITDA	11.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does UBIS-R's PS Ratio compare to its peers?

The above table shows the PS ratio for UBIS-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.4x
MBAX Multibax	0.3x	n/a	฿405.5m
WFX World Flex	0.2x	n/a	฿538.5m
TPA Thai Poly Acrylic	0.6x	n/a	฿471.4m
SALEE Salee Industry	0.5x	n/a	฿608.2m
UBIS-R Ubis (Asia)	0.5x	n/a	฿464.5m

Price-To-Sales vs Peers: UBIS-R is expensive based on its Price-To-Sales Ratio (0.5x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does UBIS-R's PS Ratio compare vs other companies in the TH Chemicals Industry?

0 Companies	Price / Sales	Estimated Growth	Market Cap

No more companies available in this PS range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: UBIS-R is good value based on its Price-To-Sales Ratio (0.5x) compared to the TH Chemicals industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is UBIS-R's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UBIS-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate UBIS-R's Price-To-Sales 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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