Newcity (Bangkok) Valuation

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

NC-F (THB4.2) is trading above our estimate of [[fair value]] (THB2.35)

Is NC-F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: NC-F (THB4.2) is trading above our estimate of fair value (THB2.35)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NC-F. This is calculated by dividing NC-F's market cap by their current earnings.
What is NC-F's PE Ratio?
PE Ratio	49.4x
Earnings	฿9.03m
Market Cap	฿442.55m

NC-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	1.1x
Enterprise Value/EBITDA	50.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NC-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	26.8x
OCC O.C.C	69.8x	n/a	฿540.0m
SCL S.C.L Motor Part	7.8x	n/a	฿310.0m
MOONG Moong Pattana International	20.7x	n/a	฿737.3m
PHOL Phol Dhanya	8.8x	n/a	฿595.4m
NC-F Newcity (Bangkok)	49.4x	n/a	฿442.5m

Price-To-Earnings vs Peers: NC-F is expensive based on its Price-To-Earnings Ratio (49.4x) compared to the peer average (26.8x).

Price to Earnings Ratio vs Industry

How does NC-F's PE Ratio compare vs other companies in the Asian Retail Distributors Industry?

4 Companies	Price / Earnings	Estimated Growth	Market Cap

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: NC-F is expensive based on its Price-To-Earnings Ratio (49.4x) compared to the Asian Retail Distributors industry average (18.9x).

Price to Earnings Ratio vs Fair Ratio

What is NC-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.

NC-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	49.4x
Fair PE Ratio	n/a

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