Sivarom Real Estate Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: SVR-R (THB1.16) is trading below our estimate of fair value (THB2.83)

Significantly Below Fair Value: SVR-R is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SVR-R. This is calculated by dividing SVR-R's market cap by their current earnings.
What is SVR-R's PE Ratio?
PE Ratio	14.1x
Earnings	฿42.09m
Market Cap	฿591.60m

SVR-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	1.7x
Enterprise Value/EBITDA	23.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SVR-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	29.3x
THANA Thanasiri Group	15.7x	n/a	฿338.4m
JAK Jakpaisan Estate	26.4x	n/a	฿422.4m
NCH N.C. Housing	41.7x	n/a	฿921.5m
KUN Villa Kunalai	33.2x	n/a	฿951.4m
SVR-R Sivarom Real Estate	14.1x	n/a	฿591.6m

Price-To-Earnings vs Peers: SVR-R is good value based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (29.3x).

Price to Earnings Ratio vs Industry

How does SVR-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: SVR-R is good value based on its Price-To-Earnings Ratio (14.1x) compared to the TH Real Estate industry average (15.1x).

Price to Earnings Ratio vs Fair Ratio

What is SVR-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.

SVR-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.1x
Fair PE Ratio	n/a

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