VGI Public Company Limited

SET:VGI Stock Report

Market Cap: ฿35.2b

VGI Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: VGI (THB3.14) is trading above our estimate of fair value (THB0.06)

Significantly Below Fair Value: VGI is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for VGI. This is calculated by dividing VGI's market cap by their current revenue.
What is VGI's PS Ratio?
PS Ratio6.8x
Sales฿5.15b
Market Cap฿35.15b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for VGI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.4x
PLANB Plan B Media
3.3x1.6%฿30.2b
ROCTEC Roctec Global
2.9xn/a฿8.4b
FE Far East Fame Line DDB
2xn/a฿1.5b
GPI Grand Prix International
1.3xn/a฿978.0m
VGI VGI
6.8x10.6%฿35.2b

Price-To-Sales vs Peers: VGI is expensive based on its Price-To-Sales Ratio (6.8x) compared to the peer average (2.4x).

Price to Sales Ratio vs Industry

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

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
JKN JKN Global Group
0.1xn/aUS$9.36m
CMO CMO
0.2xn/aUS$8.54m
POST Bangkok Post
0.1xn/aUS$1.39m
SLM SLM Corporation
0.06xn/aUS$303.75k
No more companies available in this PS range
VGI 6.8xIndustry Avg. 1.9xNo. of Companies4PS01.22.43.64.86+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: VGI is expensive based on its Price-To-Sales Ratio (6.8x) compared to the TH Media industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is VGI'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.

VGI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.8x
Fair PS Ratio3.8x

Price-To-Sales vs Fair Ratio: VGI is expensive based on its Price-To-Sales Ratio (6.8x) compared to the estimated Fair Price-To-Sales Ratio (3.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VGI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿3.14
฿1.79
-43.1%
16.9%฿2.08฿1.37n/a3
Dec ’25฿2.82
฿1.79
-36.6%
16.9%฿2.08฿1.37n/a3
Nov ’25฿2.76
฿1.84
-33.2%
15.2%฿2.08฿1.37n/a4
Oct ’25฿2.60
฿1.84
-29.1%
15.2%฿2.08฿1.37n/a4
Sep ’25฿2.44
฿1.84
-24.5%
15.2%฿2.08฿1.37n/a4
Aug ’25฿1.82
฿1.72
-5.4%
12.2%฿2.01฿1.37n/a5
Jul ’25฿1.55
฿1.72
+10.9%
11.2%฿2.01฿1.37n/a6
Jun ’25฿1.50
฿1.83
+21.7%
12.3%฿2.01฿1.37n/a6
May ’25฿1.71
฿1.97
+15.4%
18.2%฿2.50฿1.37n/a5
Apr ’25฿1.70
฿2.25
+32.5%
25.0%฿3.20฿1.37n/a6
Mar ’25฿1.42
฿2.28
+60.4%
24.4%฿3.20฿1.37n/a6
Feb ’25฿1.57
฿2.46
+56.6%
15.3%฿3.20฿1.90n/a7
Jan ’25฿1.93
฿2.58
+33.5%
18.2%฿3.40฿1.90n/a8
Dec ’24฿2.02
฿2.72
+34.5%
17.9%฿3.40฿1.90฿2.828
Nov ’24฿1.96
฿2.83
+44.6%
16.8%฿3.40฿1.90฿2.768
Oct ’24฿2.36
฿3.18
+34.6%
8.0%฿3.70฿2.90฿2.608
Sep ’24฿3.04
฿3.59
+18.1%
33.3%฿6.90฿2.90฿2.449
Aug ’24฿2.92
฿4.12
+41.2%
26.9%฿6.90฿2.90฿1.829
Jul ’24฿3.04
฿4.12
+35.6%
26.9%฿6.90฿2.90฿1.559
Jun ’24฿3.16
฿4.14
+31.0%
25.5%฿6.90฿2.90฿1.5010
May ’24฿3.36
฿4.88
+45.2%
17.6%฿6.90฿3.70฿1.719
Apr ’24฿3.92
฿4.86
+23.9%
17.6%฿6.90฿3.90฿1.709
Mar ’24฿4.28
฿4.99
+16.6%
17.0%฿6.90฿3.90฿1.429
Feb ’24฿5.00
฿5.07
+1.4%
15.6%฿6.90฿3.90฿1.579
Jan ’24฿4.40
฿4.98
+13.3%
16.5%฿6.90฿3.90฿1.939
Dec ’23฿4.12
฿5.11
+23.9%
15.8%฿6.90฿3.90฿2.029

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 22:33
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

VGI Public Company Limited is covered by 21 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thitithep NophaketBofA Global Research
Suppata SrisukBualuang Securities PCL
Jindarat LaotaveerungsawatBualuang Securities PCL