T.U. Dome Residential Complex Leasehold Property Fund

SET:TU-PF Stock Report

Market Cap: ฿73.0m

T.U. Dome Residential Complex Leasehold Property Fund Valuation

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

Below Fair Value: TU-PF (THB0.7) is trading above our estimate of fair value (THB0.08)

Significantly Below Fair Value: TU-PF is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TU-PF?

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

The above table shows the Price to Sales ratio for TU-PF. This is calculated by dividing TU-PF's market cap by their current revenue.
What is TU-PF's PS Ratio?
PS Ratio0.7x
Sales฿104.47m
Market Cap฿72.96m

Price to Sales Ratio vs Peers

How does TU-PF's PS Ratio compare to its peers?

The above table shows the PS ratio for TU-PF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average12.3x
MNRF MFC Multi-National Residence Fund
8.3xn/a฿236.5m
LHPF Land and Houses Freehold and Leasehold Property Fund
5.7xn/a฿1.8b
TNPF Trinity Freehold and Leasehold Property Fund
20.8xn/a฿224.0m
M-STOR MFC-Strategic Storage Fund
14.2xn/a฿453.0m
TU-PF T.U. Dome Residential Complex Leasehold Property Fund
0.7xn/a฿73.0m

Price-To-Sales vs Peers: TU-PF is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (12.3x).

Price to Sales Ratio vs Industry

How does TU-PF's PS Ratio compare vs other companies in the Asian Residential REITs Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
Industry Avg.6.7x7.2%
TU-PF T.U. Dome Residential Complex Leasehold Property Fund
 0.7xn/aUS$2.11m
TU-PF 0.7xIndustry Avg. 6.7xNo. of Companies3PS048121620+
1 CompanyEstimated GrowthMarket Cap
Industry Avg.6.7x3.6%
TU-PF T.U. Dome Residential Complex Leasehold Property Fund
 0.7xn/aUS$2.11m
No more companies

Price-To-Sales vs Industry: TU-PF is good value based on its Price-To-Sales Ratio (0.7x) compared to the Global Residential REITs industry average (6.7x).

Price to Sales Ratio vs Fair Ratio

What is TU-PF'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.

TU-PF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TU-PF'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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