Tipco Asphalt Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: TASCO-F (THB18.5) is trading below our estimate of fair value (THB22.78)

Significantly Below Fair Value: TASCO-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 TASCO-F?

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

The above table shows the Price to Earnings ratio for TASCO-F. This is calculated by dividing TASCO-F's market cap by their current earnings.
What is TASCO-F's PE Ratio?
PE Ratio	27.4x
Earnings	฿1.07b
Market Cap	฿29.36b

TASCO-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	1.1x
Enterprise Value/EBITDA	12.8x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TASCO-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	21.1x
TPIPL TPI Polene	19.1x	n/a	฿21.4b
SCCC Siam City Cement	13.2x	7.5%	฿48.1b
DRT Diamond Building Products	11.7x	n/a	฿6.6b
SCC Siam Cement	40.5x	55.3%	฿231.6b
TASCO-F Tipco Asphalt	27.4x	26.0%	฿29.4b

Price-To-Earnings vs Peers: TASCO-F is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (21.1x).

Price to Earnings Ratio vs Industry

How does TASCO-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: TASCO-F is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the Asian Basic Materials industry average (16.8x).

Price to Earnings Ratio vs Fair Ratio

What is TASCO-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.

TASCO-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	27.4x
Fair PE Ratio	n/a

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