Varopakorn Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: Insufficient data to calculate VARO-F's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate VARO-F's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for VARO-F. This is calculated by dividing VARO-F's market cap by their current revenue.
What is VARO-F's PS Ratio?
PS Ratio	0.3x
Sales	฿3.60b
Market Cap	฿939.08m

VARO-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	0.7x
Enterprise Value/EBITDA	16.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for VARO-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	0.3x
SANKO Sanko Diecasting (Thailand)	0.5x	n/a	฿392.7m
SQ Sahakol Equipment	0.2x	n/a	฿1.0b
GEL General Engineering	0.2x	n/a	฿775.1m
AMC Asia Metal	0.2x	n/a	฿1.4b
VARO-F Varopakorn	0.3x	n/a	฿939.1m

Price-To-Sales vs Peers: VARO-F is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does VARO-F's PS Ratio compare vs other companies in the TH Metals and Mining Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
MILL Millcon Steel	0.08x	n/a	US$17.69m
SAM Samchai Steel Industries	0.04x	n/a	US$6.97m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: VARO-F is good value based on its Price-To-Sales Ratio (0.3x) compared to the TH Metals and Mining industry average (0.3x).

Price to Sales Ratio vs Fair Ratio

What is VARO-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.

VARO-F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate VARO-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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