Eastern Star Real Estate Valuation

Is ESTAR 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 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's fair value for valuation analysis.

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

Key Valuation Metric

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

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

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

ESTAR 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	1.7x
Enterprise Value/EBITDA	61.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ESTAR 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	3.2x
MDX MDX	5.3x	n/a	฿1.6b
RABBIT Rabbit Holdings	0.8x	n/a	฿3.9b
PRECHA Preecha Group	6.5x	n/a	฿379.7m
JCK JCK International	0.4x	n/a	฿950.7m
ESTAR Eastern Star Real Estate	0.7x	n/a	฿1.2b

Price-To-Sales vs Peers: ESTAR is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (3.2x).

Price to Sales Ratio vs Industry

How does ESTAR'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$87.61m
PF Property Perfect	0.2x	n/a	US$52.26m
CI Charn Issara Development	0.2x	n/a	US$15.16m
CHEWA Chewathai	0.2x	n/a	US$13.68m

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: ESTAR 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'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 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'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.

Discover undervalued companies

Origin Property

฿10.3b

Engages in property development in Thailand.

ORI-R

฿4.20

1.0%

-52.0%

Quality Houses

฿19.3b

Engages in the property development business in Thailand.

QH-R

฿1.80

-0.6%

-18.2%

Pinthong Industrial Park

฿7.1b

Engages in the development and rental of real estate projects in Thailand.

PIN-R

฿6.15

-2.4%

29.7%