Alpha Divisions Valuation

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

ALPHAX-R (THB0.63) is trading below our estimate of [[fair value]] (THB1.5)

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

Below Fair Value: ALPHAX-R (THB0.63) is trading below our estimate of fair value (THB1.5)

Significantly Below Fair Value: ALPHAX-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 ALPHAX-R?

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

The above table shows the Price to Earnings ratio for ALPHAX-R. This is calculated by dividing ALPHAX-R's market cap by their current earnings.
What is ALPHAX-R's PE Ratio?
PE Ratio	23.1x
Earnings	฿253.23m
Market Cap	฿5.85b

ALPHAX-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	6.7x
Enterprise Value/EBITDA	-99.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ALPHAX-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	11.8x
LALIN Lalin Property	9x	n/a	฿5.7b
NVD Nirvana Development	14.9x	n/a	฿2.2b
ORI Origin Property	6.3x	6.3%	฿10.3b
LPN L.P.N. Development	17x	27.8%	฿4.1b
ALPHAX-R Alpha Divisions	23.1x	n/a	฿5.9b

Price-To-Earnings vs Peers: ALPHAX-R is expensive based on its Price-To-Earnings Ratio (23.1x) compared to the peer average (11.9x).

Price to Earnings Ratio vs Industry

How does ALPHAX-R's PE Ratio compare vs other companies in the TH Real Estate Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
WORLD World Corporation	1.8x	n/a	US$4.34m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ALPHAX-R is expensive based on its Price-To-Earnings Ratio (23.1x) compared to the TH Real Estate industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is ALPHAX-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.

ALPHAX-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	23.1x
Fair PE Ratio	n/a

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