P.S.P. Specialties Valuation

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

PSP-F (THB4.92) is trading below our estimate of [[fair value]] (THB139.62)

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

Below Fair Value: PSP-F (THB4.92) is trading below our estimate of fair value (THB139.62)

Significantly Below Fair Value: PSP-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 PSP-F?

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

The above table shows the Price to Earnings ratio for PSP-F. This is calculated by dividing PSP-F's market cap by their current earnings.
What is PSP-F's PE Ratio?
PE Ratio	10.3x
Earnings	฿627.67m
Market Cap	฿6.44b

PSP-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	0.6x
Enterprise Value/EBITDA	7.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does PSP-F's PE Ratio compare to its peers?

The above table shows the PE ratio for PSP-F 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	10.4x
SPG Siam Pan Group	15.6x	n/a	฿4.8b
EPG Eastern Polymer Group	14x	22.7%	฿11.6b
TEGH Thai Eastern Group Holdings	7.7x	16.9%	฿3.5b
TMW Thai Mitsuwa	4.4x	n/a	฿2.5b
PSP-F P.S.P. Specialties	10.3x	n/a	฿6.4b

Price-To-Earnings vs Peers: PSP-F is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (11.2x).

Price to Earnings Ratio vs Industry

How does PSP-F'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: PSP-F is good value based on its Price-To-Earnings Ratio (10.3x) compared to the TH Chemicals industry average (14.5x).

Price to Earnings Ratio vs Fair Ratio

What is PSP-F'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.

PSP-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.3x
Fair PE Ratio	n/a

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