Sena Development Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: SENA-R (THB2.26) is trading below our estimate of fair value (THB2.8)

Significantly Below Fair Value: SENA-R is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SENA-R. This is calculated by dividing SENA-R's market cap by their current earnings.
What is SENA-R's PE Ratio?
PE Ratio	7.5x
Earnings	฿433.36m
Market Cap	฿3.26b

SENA-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	6x
Enterprise Value/EBITDA	93.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SENA-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	14.2x
BRI Britania	5x	4.3%	฿3.5b
LPN L.P.N. Development	17x	27.8%	฿4.1b
PRIN Prinsiri	24.5x	n/a	฿2.6b
NOBLE Noble Development	10.4x	23.5%	฿4.1b
SENA-R Sena Development	7.5x	n/a	฿3.3b

Price-To-Earnings vs Peers: SENA-R is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (14.5x).

Price to Earnings Ratio vs Industry

How does SENA-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: SENA-R is good value based on its Price-To-Earnings Ratio (7.5x) compared to the TH Real Estate industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is SENA-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.

SENA-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	7.5x
Fair PE Ratio	n/a

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

Discover undervalued companies

Origin Property

฿10.3b

Engages in property development in Thailand.

ORI-R

฿4.18

-1.4%

-52.2%

Quality Houses

฿19.4b

Engages in the property development business in Thailand.

QH-R

฿1.81

-0.5%

-17.0%

Pinthong Industrial Park

฿7.0b

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

PIN-R

฿6.05

-4.7%

33.8%