Prakit Holdings Valuation

Is PRAKIT-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-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: PRAKIT-R (THB11.2) is trading below our estimate of fair value (THB26.66)

Significantly Below Fair Value: PRAKIT-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 PRAKIT-R?

Key metric: As PRAKIT-R is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for PRAKIT-R. This is calculated by dividing PRAKIT-R's market cap by their current book value.
What is PRAKIT-R's PB Ratio?
PB Ratio	0.8x
Book	฿848.73m
Market Cap	฿677.04m

PRAKIT-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	-7x
Enterprise Value/EBITDA	-1.4x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does PRAKIT-R's PB Ratio compare to its peers?

The above table shows the PB ratio for PRAKIT-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	1.7x
GPI Grand Prix International	1.1x	n/a	฿966.0m
READY Readyplanet	2.7x	n/a	฿630.0m
PICO Pico (Thailand)	1.9x	n/a	฿770.8m
ARIP ARIP	1.2x	n/a	฿284.3m
PRAKIT-R Prakit Holdings	0.8x	n/a	฿677.0m

Price-To-Book vs Peers: PRAKIT-R is good value based on its Price-To-Book Ratio (0.8x) compared to the peer average (1.7x).

Price to Book Ratio vs Industry

How does PRAKIT-R's PB Ratio compare vs other companies in the TH Media Industry?

2 Companies	Price / Book	Estimated Growth	Market Cap
JKN JKN Global Group	0.1x	n/a	US$9.25m
SLM SLM Corporation	0.2x	n/a	US$303.75k

No more companies available in this PB range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: PRAKIT-R is good value based on its Price-To-Book Ratio (0.8x) compared to the TH Media industry average (1.2x).

Price to Book Ratio vs Fair Ratio

What is PRAKIT-R's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PRAKIT-R PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.8x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PRAKIT-R's Price-To-Book 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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