Starflex Valuation

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

SFLEX-F (THB1.94) is trading below our estimate of [[fair value]] (THB65.11)

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

Below Fair Value: SFLEX-F (THB1.94) is trading below our estimate of fair value (THB65.11)

Significantly Below Fair Value: SFLEX-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 SFLEX-F?

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

The above table shows the Price to Earnings ratio for SFLEX-F. This is calculated by dividing SFLEX-F's market cap by their current earnings.
What is SFLEX-F's PE Ratio?
PE Ratio	9.7x
Earnings	฿248.43m
Market Cap	฿2.42b

SFLEX-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	9.5x
PEG Ratio	1.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SFLEX-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	8.8x
THIP Thantawan Industry	8.7x	n/a	฿2.6b
PJW Panjawattana Plastic	13.2x	27.3%	฿1.5b
TPBI TPBI	4.9x	n/a	฿1.7b
STP Sahathai Printing & Packaging	8.6x	n/a	฿1.2b
SFLEX-F Starflex	9.7x	5.5%	฿2.4b

Price-To-Earnings vs Peers: SFLEX-F is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (8.8x).

Price to Earnings Ratio vs Industry

How does SFLEX-F'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: SFLEX-F is good value based on its Price-To-Earnings Ratio (9.7x) compared to the TH Packaging industry average (9.8x).

Price to Earnings Ratio vs Fair Ratio

What is SFLEX-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.

SFLEX-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.7x
Fair PE Ratio	n/a

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