Rabbit Holdings Valuation

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

RABBIT-P-R (THB0.58) is trading above our estimate of [[fair value]] (THB0.17)

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

Below Fair Value: RABBIT-P-R (THB0.58) is trading above our estimate of fair value (THB0.17)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for RABBIT-P-R. This is calculated by dividing RABBIT-P-R's market cap by their current revenue.
What is RABBIT-P-R's PS Ratio?
PS Ratio	0.8x
Sales	฿4.88b
Market Cap	฿3.74b

RABBIT-P-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	11.4x
Enterprise Value/EBITDA	195.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for RABBIT-P-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	6x	n/a	฿1.6b
ESTAR Eastern Star Real Estate	0.7x	n/a	฿1.2b
PRECHA Preecha Group	6.1x	n/a	฿359.5m
JCK JCK International	0.4x	n/a	฿912.7m
RABBIT-P-R Rabbit Holdings	0.8x	n/a	฿3.7b

Price-To-Sales vs Peers: RABBIT-P-R is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (3.3x).

Price to Sales Ratio vs Industry

How does RABBIT-P-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$96.39m
PF Property Perfect	0.2x	n/a	US$52.51m
CI Charn Issara Development	0.2x	n/a	US$15.23m
CHEWA Chewathai	0.2x	n/a	US$14.86m

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: RABBIT-P-R is good value based on its Price-To-Sales Ratio (0.8x) compared to the TH Real Estate industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is RABBIT-P-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.

RABBIT-P-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.8x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate RABBIT-P-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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