Eastern Star Real Estate Valuation

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

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

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ESTAR-R?

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

The above table shows the Price to Sales ratio for ESTAR-R. This is calculated by dividing ESTAR-R's market cap by their current revenue.
What is ESTAR-R's PS Ratio?
PS Ratio	0.7x
Sales	฿1.58b
Market Cap	฿1.16b

ESTAR-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	1.6x
Enterprise Value/EBITDA	60.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does ESTAR-R's PS Ratio compare to its peers?

The above table shows the PS ratio for ESTAR-R 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	3.3x
MDX MDX	5.9x	n/a	฿1.6b
RABBIT Rabbit Holdings	0.8x	n/a	฿3.7b
PRECHA Preecha Group	6.2x	n/a	฿362.9m
JCK JCK International	0.4x	n/a	฿912.7m
ESTAR-R Eastern Star Real Estate	0.7x	n/a	฿1.2b

Price-To-Sales vs Peers: ESTAR-R is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (3.3x).

Price to Sales Ratio vs Industry

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

5 Companies	Price / Sales	Estimated Growth	Market Cap
UV Univentures	0.2x	n/a	US$96.12m
PF Property Perfect	0.2x	n/a	US$49.46m
CI Charn Issara Development	0.2x	n/a	US$15.50m
CHEWA Chewathai	0.2x	n/a	US$13.71m

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: ESTAR-R is good value based on its Price-To-Sales Ratio (0.7x) compared to the TH Real Estate industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is ESTAR-R'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.

ESTAR-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.7x
Fair PS Ratio	n/a

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