Singha Estate Valuation

Is S-R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: S-R (THB0.91) is trading above our estimate of fair value (THB0.15)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for S-R. This is calculated by dividing S-R's market cap by their current earnings.
What is S-R's PE Ratio?
PE Ratio	14.9x
Earnings	฿417.43m
Market Cap	฿6.24b

S-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	3x
Enterprise Value/EBITDA	21x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for S-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	10.9x
ASW Assetwise	4.1x	-4.7%	฿7.2b
NOBLE Noble Development	10.4x	23.5%	฿4.1b
SA Siamese Asset	24.1x	n/a	฿8.9b
A5 Asset Five Group	4.9x	n/a	฿3.2b
S-R Singha Estate	14.9x	n/a	฿6.2b

Price-To-Earnings vs Peers: S-R is expensive based on its Price-To-Earnings Ratio (14.9x) compared to the peer average (10.9x).

Price to Earnings Ratio vs Industry

How does S-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: S-R is good value based on its Price-To-Earnings Ratio (14.9x) compared to the TH Real Estate industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is S-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.

S-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.9x
Fair PE Ratio	n/a

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