Central Retail Corporation Public Company Limited

SET:CRC Stock Report

Market Cap: ฿200.5b

Central Retail Corporation Valuation

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

Below Fair Value: CRC (THB33.25) is trading below our estimate of fair value (THB57.08)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for CRC?

Other financial metrics that can be useful for relative valuation.

CRC 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/Revenue1.3x
Enterprise Value/EBITDA18.3x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does CRC's PE Ratio compare to its peers?

The above table shows the PE ratio for CRC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.8x
OR PTT Oil and Retail Business
17.7x2.1%฿205.2b
HMPRO Home Product Center
21.5x1.9%฿140.7b
GLOBAL Siam Global House
30.9x13.5%฿79.6b
COM7 Com7
21.3x12.3%฿60.6b
CRC Central Retail Corporation
24.7x14.5%฿200.5b

Price-To-Earnings vs Peers: CRC is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the peer average (22.8x).


Price to Earnings Ratio vs Industry

How does CRC's PE Ratio compare vs other companies in the Asian Multiline Retail Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a31.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a31.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: CRC is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the Asian Multiline Retail industry average (21.7x).


Price to Earnings Ratio vs Fair Ratio

What is CRC'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.

CRC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.7x
Fair PE Ratio25.5x

Price-To-Earnings vs Fair Ratio: CRC is good value based on its Price-To-Earnings Ratio (24.7x) compared to the estimated Fair Price-To-Earnings Ratio (25.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CRC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿33.25
฿41.08
+23.6%
9.9%฿49.00฿33.00n/a18
Sep ’25฿29.50
฿41.08
+39.3%
9.9%฿49.00฿33.00n/a18
Aug ’25฿31.00
฿42.84
+38.2%
7.8%฿49.00฿38.00n/a19
Jul ’25฿30.25
฿43.05
+42.3%
8.1%฿49.00฿38.00n/a19
Jun ’25฿30.50
฿43.16
+41.5%
8.1%฿49.00฿38.00n/a19
May ’25฿34.50
฿44.26
+28.3%
8.1%฿52.00฿38.00n/a19
Apr ’25฿35.25
฿45.15
+28.1%
7.4%฿52.00฿41.00n/a18
Mar ’25฿35.50
฿45.37
+27.8%
7.5%฿52.00฿41.00n/a18
Feb ’25฿32.75
฿46.45
+41.8%
8.0%฿54.00฿41.00n/a19
Jan ’25฿41.00
฿47.71
+16.4%
6.3%฿54.00฿43.00n/a18
Dec ’24฿38.50
฿48.52
+26.0%
7.0%฿55.00฿43.00n/a15
Nov ’24฿37.00
฿50.25
+35.8%
6.2%฿55.00฿45.00n/a16
Oct ’24฿38.75
฿49.96
+28.9%
6.6%฿55.00฿43.00n/a17
Sep ’24฿40.75
฿50.38
+23.6%
6.7%฿55.00฿43.00฿29.5018
Aug ’24฿41.25
฿50.80
+23.2%
5.9%฿55.00฿45.00฿31.0018
Jul ’24฿39.00
฿51.02
+30.8%
6.0%฿55.00฿45.00฿30.2517
Jun ’24฿40.50
฿51.52
+27.2%
6.4%฿56.00฿45.00฿30.5016
May ’24฿44.75
฿50.80
+13.5%
6.3%฿56.00฿45.00฿34.5016
Apr ’24฿44.75
฿50.41
+12.6%
6.2%฿55.00฿45.00฿35.2515
Mar ’24฿45.00
฿50.54
+12.3%
6.3%฿57.00฿45.00฿35.5015
Feb ’24฿43.50
฿48.09
+10.5%
8.9%฿57.00฿40.00฿32.7515
Jan ’24฿46.25
฿47.45
+2.6%
8.6%฿57.00฿40.00฿41.0015
Dec ’23฿44.00
฿47.04
+6.9%
8.3%฿57.00฿40.00฿38.5016
Nov ’23฿41.75
฿45.04
+7.9%
11.4%฿55.00฿29.00฿37.0018
Oct ’23฿39.50
฿44.82
+13.5%
11.5%฿55.00฿29.00฿38.7518
Sep ’23฿40.25
฿44.42
+10.4%
11.3%฿55.00฿29.00฿40.7518

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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