Asphere Innovations Valuation

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

Below Fair Value: AS-R (THB3.48) is trading above our estimate of fair value (THB3.38)

Significantly Below Fair Value: AS-R is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AS-R?

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

The above table shows the Price to Earnings ratio for AS-R. This is calculated by dividing AS-R's market cap by their current earnings.
What is AS-R's PE Ratio?
PE Ratio	7.7x
Earnings	฿226.73m
Market Cap	฿1.74b

AS-R 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	1.2x
Enterprise Value/EBITDA	7.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does AS-R's PE Ratio compare to its peers?

The above table shows the PE ratio for AS-R 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	36.1x
MGI Miss Grand International	16.3x	n/a	฿2.1b
DV8 DV8	78.1x	n/a	฿739.2m
MATCH Matching Maximize Solution	29.1x	n/a	฿1.1b
CEYE Chamni's Eye	21.1x	n/a	฿858.3m
AS-R Asphere Innovations	7.7x	n/a	฿1.7b

Price-To-Earnings vs Peers: AS-R is good value based on its Price-To-Earnings Ratio (7.7x) compared to the peer average (26.5x).

Price to Earnings Ratio vs Industry

How does AS-R's PE Ratio compare vs other companies in the Asian Entertainment Industry?

9 Companies	Price / Earnings	Estimated Growth	Market Cap

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: AS-R is good value based on its Price-To-Earnings Ratio (7.7x) compared to the Asian Entertainment industry average (27.4x).

Price to Earnings Ratio vs Fair Ratio

What is AS-R'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.

AS-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	7.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AS-R'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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