Rabbit Holdings Valuation

Is RABBIT-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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: RABBIT-F (THB0.85) is trading above our estimate of fair value (THB0.25)

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

Key Valuation Metric

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

Key metric: As RABBIT-F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for RABBIT-F. This is calculated by dividing RABBIT-F's market cap by their current revenue.
What is RABBIT-F's PS Ratio?
PS Ratio	0.8x
Sales	฿4.88b
Market Cap	฿3.74b

RABBIT-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	11.4x
Enterprise Value/EBITDA	195.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does RABBIT-F's PS Ratio compare to its peers?

The above table shows the PS ratio for RABBIT-F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	3.3x
MDX MDX	5.9x	n/a	฿1.6b
ESTAR Eastern Star Real Estate	0.7x	n/a	฿1.2b
PRECHA Preecha Group	6.2x	n/a	฿352.8m
JCK JCK International	0.4x	n/a	฿874.6m
RABBIT-F Rabbit Holdings	0.8x	n/a	฿3.7b

Price-To-Sales vs Peers: RABBIT-F is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (3.3x).

Price to Sales Ratio vs Industry

How does RABBIT-F's PS Ratio compare vs other companies in the TH Real Estate Industry?

5 Companies	Price / Sales	Estimated Growth	Market Cap
UV Univentures	0.2x	n/a	US$93.29m
PF Property Perfect	0.2x	n/a	US$49.43m
CI Charn Issara Development	0.2x	n/a	US$15.49m
CHEWA Chewathai	0.2x	n/a	US$13.70m

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: RABBIT-F is good value based on its Price-To-Sales Ratio (0.8x) compared to the TH Real Estate industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is RABBIT-F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RABBIT-F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.8x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate RABBIT-F's Price-To-Sales 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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