Bangkok Land Public Company Limited

SET:BLAND-R Stock Report

Market Cap: ฿10.4b

Bangkok Land Valuation

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

Below Fair Value: BLAND-R (THB0.6) is trading below our estimate of fair value (THB3.36)

Significantly Below Fair Value: BLAND-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 BLAND-R?

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

The above table shows the Price to Earnings ratio for BLAND-R. This is calculated by dividing BLAND-R's market cap by their current earnings.
What is BLAND-R's PE Ratio?
PE Ratio8.5x
Earnings฿1.23b
Market Cap฿10.41b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BLAND-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.4x
GLAND Grand Canal Land
24.1xn/a฿11.0b
MBK MBK
11.3xn/a฿27.3b
PLAT Platinum Group
20.2xn/a฿6.6b
SPI Saha Pathana Inter-Holding
10.3xn/a฿37.6b
BLAND-R Bangkok Land
8.5xn/a฿10.4b

Price-To-Earnings vs Peers: BLAND-R is good value based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (16.4x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
WORLD World Corporation
1.8xn/aUS$4.34m
No more companies available in this PE range
BLAND-R 8.5xIndustry Avg. 15.3xNo. of Companies7PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BLAND-R is good value based on its Price-To-Earnings Ratio (8.5x) compared to the TH Real Estate industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is BLAND-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.

BLAND-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.5x
Fair PE Ration/a

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