Quality Houses Public Company Limited

THAMSE:QH-F Stock Report

Market Cap: ฿19.9b

Quality Houses Valuation

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

Below Fair Value: QH-F (THB1.77) is trading below our estimate of fair value (THB3.07)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for QH-F. This is calculated by dividing QH-F's market cap by their current earnings.
What is QH-F's PE Ratio?
PE Ratio8.5x
Earnings฿2.35b
Market Cap฿19.93b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for QH-F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.3x
AP AP (Thailand)
5.4x7.2%฿27.4b
PSH Pruksa Holding
21.4x28.4%฿18.7b
FPT Frasers Property (Thailand)
20.2xn/a฿29.0b
SC SC Asset Corporation
6.1x7.8%฿12.7b
QH-F Quality Houses
8.5x8.1%฿19.9b

Price-To-Earnings vs Peers: QH-F is good value based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (12.9x).


Price to Earnings Ratio vs Industry

How does QH-F'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
QH-F 8.5xIndustry Avg. 14.8xNo. of Companies7PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: QH-F is good value based on its Price-To-Earnings Ratio (8.5x) compared to the TH Real Estate industry average (12.9x).


Price to Earnings Ratio vs Fair Ratio

What is QH-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.

QH-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.5x
Fair PE Ration/a

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


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