Siam City Cement Valuation

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

SCCC-F (THB130) is trading below our estimate of [[fair value]] (THB134.46)

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

Below Fair Value: SCCC-F (THB130) is trading below our estimate of fair value (THB134.46)

Significantly Below Fair Value: SCCC-F 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 SCCC-F?

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

The above table shows the Price to Earnings ratio for SCCC-F. This is calculated by dividing SCCC-F's market cap by their current earnings.
What is SCCC-F's PE Ratio?
PE Ratio	14.3x
Earnings	฿3.30b
Market Cap	฿47.38b

SCCC-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	1.6x
Enterprise Value/EBITDA	9.1x
PEG Ratio	1.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SCCC-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	24.6x
TASCO Tipco Asphalt	27.5x	26.0%	฿29.5b
TPIPL TPI Polene	18.9x	n/a	฿21.2b
SCC Siam Cement	40.3x	55.3%	฿230.4b
DRT Diamond Building Products	11.7x	n/a	฿6.6b
SCCC-F Siam City Cement	14.3x	10.0%	฿47.4b

Price-To-Earnings vs Peers: SCCC-F is good value based on its Price-To-Earnings Ratio (14.3x) compared to the peer average (28.1x).

Price to Earnings Ratio vs Industry

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

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SCCC-F is good value based on its Price-To-Earnings Ratio (14.3x) compared to the Asian Basic Materials industry average (17x).

Price to Earnings Ratio vs Fair Ratio

What is SCCC-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.

SCCC-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.3x
Fair PE Ratio	n/a

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