Sansiri Public Company Limited

SET:SIRI Stock Report

Market Cap: ฿31.6b

Sansiri Valuation

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

Below Fair Value: SIRI (THB1.83) is trading above our estimate of fair value (THB1.08)

Significantly Below Fair Value: SIRI is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SIRI?

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

The above table shows the Price to Earnings ratio for SIRI. This is calculated by dividing SIRI's market cap by their current earnings.
What is SIRI's PE Ratio?
PE Ratio5.7x
Earnings฿5.57b
Market Cap฿31.64b

Price to Earnings Ratio vs Peers

How does SIRI's PE Ratio compare to its peers?

The above table shows the PE ratio for SIRI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.8x
FPT Frasers Property (Thailand)
20.6xn/a฿29.7b
AP AP (Thailand)
5.4x7.2%฿27.4b
SPALI Supalai
6.2x1.8%฿38.9b
AMATA Amata Corporation
18.8x21.2%฿33.4b
SIRI Sansiri
5.7x-1.3%฿31.6b

Price-To-Earnings vs Peers: SIRI is good value based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (12.8x).

Price to Earnings Ratio vs Industry

How does SIRI'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
SIRI 5.7xIndustry Avg. 15.0xNo. of Companies7PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SIRI is good value based on its Price-To-Earnings Ratio (5.7x) compared to the TH Real Estate industry average (15x).

Price to Earnings Ratio vs Fair Ratio

What is SIRI'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.

SIRI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.7x
Fair PE Ratio8.1x

Price-To-Earnings vs Fair Ratio: SIRI is good value based on its Price-To-Earnings Ratio (5.7x) compared to the estimated Fair Price-To-Earnings Ratio (8.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SIRI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿1.83
฿2.10
+14.8%
5.8%฿2.34฿1.90n/a9
Nov ’25฿1.85
฿2.17
+17.1%
6.7%฿2.36฿1.90n/a9
Oct ’25฿1.91
฿2.12
+11.2%
6.7%฿2.36฿1.90n/a9
Sep ’25฿1.71
฿2.06
+20.6%
4.5%฿2.20฿1.90n/a9
Aug ’25฿1.65
฿2.08
+26.3%
4.9%฿2.22฿1.90n/a9
Jul ’25฿1.67
฿2.09
+25.1%
5.0%฿2.22฿1.90n/a8
Jun ’25฿1.59
฿2.09
+31.4%
5.0%฿2.22฿1.90n/a8
May ’25฿1.70
฿2.08
+22.4%
5.0%฿2.22฿1.90n/a7
Apr ’25฿1.71
฿2.08
+21.7%
5.0%฿2.22฿1.90n/a7
Mar ’25฿1.82
฿2.10
+15.6%
6.0%฿2.34฿1.90n/a7
Feb ’25฿1.78
฿2.10
+18.0%
5.7%฿2.34฿1.90n/a8
Jan ’25฿1.77
฿2.11
+19.2%
5.7%฿2.34฿1.90n/a8
Dec ’24฿1.67
฿2.10
+25.6%
5.6%฿2.34฿1.90n/a9
Nov ’24฿1.54
฿2.19
+41.9%
5.3%฿2.30฿2.00฿1.858
Oct ’24฿1.69
฿2.17
+28.7%
5.4%฿2.30฿2.00฿1.919
Sep ’24฿1.97
฿2.17
+10.4%
5.4%฿2.30฿2.00฿1.719
Aug ’24฿2.00
฿2.19
+9.4%
4.7%฿2.30฿2.00฿1.659
Jul ’24฿1.92
฿2.18
+13.4%
4.4%฿2.30฿2.00฿1.679
Jun ’24฿1.74
฿2.16
+24.3%
3.9%฿2.30฿2.00฿1.599
May ’24฿1.90
฿2.14
+12.8%
4.0%฿2.30฿2.00฿1.709
Apr ’24฿1.74
฿2.14
+22.9%
4.2%฿2.30฿2.00฿1.718
Mar ’24฿1.92
฿1.98
+3.3%
8.1%฿2.20฿1.67฿1.828
Feb ’24฿1.91
฿1.91
-0.07%
11.2%฿2.13฿1.50฿1.787
Jan ’24฿1.76
฿1.65
-6.5%
4.5%฿1.75฿1.50฿1.777
Dec ’23฿1.71
฿1.65
-3.8%
4.5%฿1.75฿1.50฿1.677
Nov ’23฿1.34
฿1.25
-7.0%
10.5%฿1.50฿1.10฿1.546

Analyst Forecast: Target price is less than 20% higher than the current share price.

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