MBK Valuation

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

MBK-F (THB16.8) is trading above our estimate of [[fair value]] (THB9.23)

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

Below Fair Value: MBK-F (THB16.8) is trading above our estimate of fair value (THB9.23)

Significantly Below Fair Value: MBK-F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MBK-F?

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

The above table shows the Price to Earnings ratio for MBK-F. This is calculated by dividing MBK-F's market cap by their current earnings.
What is MBK-F's PE Ratio?
PE Ratio	12.6x
Earnings	฿2.12b
Market Cap	฿26.70b

MBK-F 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	4.6x
Enterprise Value/EBITDA	11.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does MBK-F's PE Ratio compare to its peers?

The above table shows the PE ratio for MBK-F 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	15.8x
SPI Saha Pathana Inter-Holding	10.3x	n/a	฿37.6b
BLAND Bangkok Land	8.6x	n/a	฿10.6b
GLAND Grand Canal Land	23.4x	n/a	฿10.7b
PLAT Platinum Group	20.8x	n/a	฿6.8b
MBK-F MBK	12.6x	n/a	฿26.7b

Price-To-Earnings vs Peers: MBK-F is good value based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (15.6x).

Price to Earnings Ratio vs Industry

How does MBK-F'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: MBK-F is good value based on its Price-To-Earnings Ratio (12.6x) compared to the TH Real Estate industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is MBK-F'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.

MBK-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MBK-F'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

Quality Houses

฿19.4b

Engages in the property development business in Thailand.

฿1.81

-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%

Quality Houses

฿19.4b

Engages in the property development business in Thailand.

QH-R

฿1.81

-17.0%