General Engineering Valuation

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

Below Fair Value: GEL-F (THB0.18) is trading below our estimate of fair value (THB0.45)

Significantly Below Fair Value: GEL-F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GEL-F?

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

The above table shows the Price to Sales ratio for GEL-F. This is calculated by dividing GEL-F's market cap by their current revenue.
What is GEL-F's PS Ratio?
PS Ratio	0.5x
Sales	฿3.79b
Market Cap	฿1.81b

GEL-F 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	1.8x
Enterprise Value/EBITDA	20.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does GEL-F's PS Ratio compare to its peers?

The above table shows the PS ratio for GEL-F 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	1.2x
DCON Dcon Products	1.4x	n/a	฿1.6b
SCP Southern Concrete Pile	0.9x	n/a	฿1.9b
Q-CON Quality Construction Products	1.4x	n/a	฿3.7b
SMART Smart Concrete	1.3x	n/a	฿812.4m
GEL-F General Engineering	0.5x	n/a	฿1.8b

Price-To-Sales vs Peers: GEL-F is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does GEL-F's PS Ratio compare vs other companies in the Asian Basic Materials Industry?

25 Companies	Price / Sales	Estimated Growth	Market Cap

25 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: GEL-F is good value based on its Price-To-Sales Ratio (0.5x) compared to the Asian Basic Materials industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is GEL-F'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.

GEL-F 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 GEL-F'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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