Nava Nakorn Valuation

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

NNCL-R (THB1.72) is trading above our estimate of [[fair value]] (THB0.64)

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

Below Fair Value: NNCL-R (THB1.72) is trading above our estimate of fair value (THB0.64)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NNCL-R. This is calculated by dividing NNCL-R's market cap by their current earnings.
What is NNCL-R's PE Ratio?
PE Ratio	9.1x
Earnings	฿386.15m
Market Cap	฿3.52b

NNCL-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	3.5x
Enterprise Value/EBITDA	6.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NNCL-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	10x
BRI Britania	5x	4.3%	฿3.5b
SENA Sena Development	7.5x	n/a	฿3.3b
LPN L.P.N. Development	17x	27.8%	฿4.1b
NOBLE Noble Development	10.4x	23.5%	฿4.1b
NNCL-R Nava Nakorn	9.1x	n/a	฿3.5b

Price-To-Earnings vs Peers: NNCL-R is good value based on its Price-To-Earnings Ratio (9.1x) compared to the peer average (10x).

Price to Earnings Ratio vs Industry

How does NNCL-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: NNCL-R is good value based on its Price-To-Earnings Ratio (9.1x) compared to the TH Real Estate industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is NNCL-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.

NNCL-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.1x
Fair PE Ratio	n/a

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