Land and Houses Public Company Limited

SET:LH-R Stock Report

Market Cap: ฿65.1b

Land and Houses Valuation

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

Below Fair Value: LH-R (THB5.45) is trading above our estimate of fair value (THB0.99)

Significantly Below Fair Value: LH-R is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for LH-R. This is calculated by dividing LH-R's market cap by their current earnings.
What is LH-R's PE Ratio?
PE Ratio10.2x
Earnings฿6.39b
Market Cap฿65.13b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for LH-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.8x
SPALI Supalai
6.1x1.8%฿38.1b
FPT Frasers Property (Thailand)
20.3xn/a฿29.2b
WHA WHA Corporation
15.1x3.3%฿83.7b
AP AP (Thailand)
5.4x7.2%฿27.5b
LH-R Land and Houses
10.2x3.4%฿65.1b

Price-To-Earnings vs Peers: LH-R is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (11.8x).

Price to Earnings Ratio vs Industry

How does LH-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
LH-R 10.2xIndustry Avg. 14.7xNo. of Companies7PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LH-R is good value based on its Price-To-Earnings Ratio (10.2x) compared to the TH Real Estate industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is LH-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.

LH-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.2x
Fair PE Ratio9.6x

Price-To-Earnings vs Fair Ratio: LH-R is expensive based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (9.6x).

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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