Grand Prix International Valuation

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

GPI-R (THB1.63) is trading below our estimate of [[fair value]] (THB11.16)

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: GPI-R (THB1.63) is trading below our estimate of fair value (THB11.16)

Significantly Below Fair Value: GPI-R is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GPI-R. This is calculated by dividing GPI-R's market cap by their current earnings.
What is GPI-R's PE Ratio?
PE Ratio	8.6x
Earnings	฿113.47m
Market Cap	฿978.00m

GPI-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	5.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GPI-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	19x
PICO Pico (Thailand)	23.2x	n/a	฿770.8m
READY Readyplanet	15.5x	n/a	฿612.0m
FE Far East Fame Line DDB	10.5x	n/a	฿1.5b
ARIP ARIP	26.8x	n/a	฿270.3m
GPI-R Grand Prix International	8.6x	n/a	฿978.0m

Price-To-Earnings vs Peers: GPI-R is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (19x).

Price to Earnings Ratio vs Industry

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

12 Companies	Price / Earnings	Estimated Growth	Market Cap

12 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: GPI-R is good value based on its Price-To-Earnings Ratio (8.6x) compared to the Asian Media industry average (17.1x).

Price to Earnings Ratio vs Fair Ratio

What is GPI-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.

GPI-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.6x
Fair PE Ratio	n/a

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