BlueVenture Group Valuation

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

BVG-R (THB2.82) is trading above our estimate of [[fair value]] (THB2.4)

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: BVG-R (THB2.82) is trading above our estimate of fair value (THB2.4)

Significantly Below Fair Value: BVG-R is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BVG-R?

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

The above table shows the Price to Earnings ratio for BVG-R. This is calculated by dividing BVG-R's market cap by their current earnings.
What is BVG-R's PE Ratio?
PE Ratio	22.2x
Earnings	฿57.17m
Market Cap	฿1.30b

BVG-R 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	1.6x
Enterprise Value/EBITDA	14.6x
PEG Ratio	1.6x

Price to Earnings Ratio vs Peers

How does BVG-R's PE Ratio compare to its peers?

The above table shows the PE ratio for BVG-R 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	11.2x
NETBAY Netbay	15.4x	15.6%	฿3.1b
TBN TBN Corporation	12.1x	39.6%	฿650.0m
NAT NAT Absolute Technologies	8.4x	n/a	฿1.4b
SPREME Supreme Distribution	8.8x	23.1%	฿1.4b
BVG-R BlueVenture Group	22.2x	13.7%	฿1.3b

Price-To-Earnings vs Peers: BVG-R is expensive based on its Price-To-Earnings Ratio (22.2x) compared to the peer average (11.2x).

Price to Earnings Ratio vs Industry

How does BVG-R's PE Ratio compare vs other companies in the Asian Software Industry?

8 Companies	Price / Earnings	Estimated Growth	Market Cap

8 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BVG-R is good value based on its Price-To-Earnings Ratio (22.2x) compared to the Asian Software industry average (29.2x).

Price to Earnings Ratio vs Fair Ratio

What is BVG-R'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.

BVG-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	22.2x
Fair PE Ratio	13.8x

Price-To-Earnings vs Fair Ratio: BVG-R is expensive based on its Price-To-Earnings Ratio (22.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.8x).

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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