Saha Pathana Inter-Holding Valuation

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

SPI-R (THB62.25) is trading above our estimate of [[fair value]] (THB9.55)

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

Below Fair Value: SPI-R (THB62.25) is trading above our estimate of fair value (THB9.55)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for SPI-R. This is calculated by dividing SPI-R's market cap by their current preferred multiple.
What is SPI-R's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	n/a

SPI-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	6.6x
Enterprise Value/EBITDA	11.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SPI-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	15.4x
MBK MBK	12.3x	n/a	฿26.0b
GLAND Grand Canal Land	23.6x	n/a	฿10.2b
BLAND Bangkok Land	9.5x	n/a	฿10.4b
CPN Central Pattana	16x	5.5%	฿270.4b
SPI-R Saha Pathana Inter-Holding	9.7x	n/a	฿35.6b

Price-To-Earnings vs Peers: SPI-R is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (15.4x).

Price to Earnings Ratio vs Industry

How does SPI-R's PE Ratio compare vs other companies in the TH Real Estate Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	5.9%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	5.9%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: SPI-R is good value based on its Price-To-Earnings Ratio (9.7x) compared to the TH Real Estate industry average (12.2x).

Price to Earnings Ratio vs Fair Ratio

What is SPI-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.

SPI-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.7x
Fair PE Ratio	n/a

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