Nation Group (Thailand) Valuation

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

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

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NATION?

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

The above table shows the Price to Sales ratio for NATION. This is calculated by dividing NATION's market cap by their current revenue.
What is NATION's PS Ratio?
PS Ratio	0.6x
Sales	฿858.69m
Market Cap	฿610.20m

NATION 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	-3.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does NATION's PS Ratio compare to its peers?

The above table shows the PS ratio for NATION 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	2.3x
GLORY Glory Forever	3.2x	n/a	฿321.9m
ADD AddTech Hub	2.2x	n/a	฿739.2m
MATI Matichon	1.9x	n/a	฿1.2b
TH Tong Hua Holding	1.8x	n/a	฿838.6m
NATION Nation Group (Thailand)	0.6x	n/a	฿610.2m

Price-To-Sales vs Peers: NATION is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (2.3x).

Price to Sales Ratio vs Industry

How does NATION's PS Ratio compare vs other companies in the TH Media Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
CMO CMO	0.3x	n/a	US$10.48m
JKN JKN Global Group	0.1x	n/a	US$9.25m
POST Bangkok Post	0.1x	n/a	US$1.39m
SLM SLM Corporation	0.06x	n/a	US$303.75k

No more companies available in this PS range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: NATION is good value based on its Price-To-Sales Ratio (0.6x) compared to the TH Media industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is NATION'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.

NATION PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.6x
Fair PS Ratio	n/a

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