Comanche International Valuation

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

Below Fair Value: COMAN-R (THB0.75) is trading below our estimate of fair value (THB2.02)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for COMAN-R. This is calculated by dividing COMAN-R's market cap by their current revenue.
What is COMAN-R's PS Ratio?
PS Ratio	0.4x
Sales	฿234.09m
Market Cap	฿100.50m

COMAN-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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does COMAN-R's PS Ratio compare to its peers?

The above table shows the PS ratio for COMAN-R 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	10.9x
BVG BlueVenture Group	2.5x	11.4%	฿1.3b
NETBAY Netbay	6x	18.8%	฿3.2b
NEWS News Network Corporation	11.6x	n/a	฿1.8b
HRO Hero Innovation Group	23.5x	n/a	CA$4.1m
COMAN-R Comanche International	0.4x	n/a	฿100.5m

Price-To-Sales vs Peers: COMAN-R is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (10.9x).

Price to Sales Ratio vs Industry

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

71 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	3.0x	16.9%
COMAN-R Comanche International	0.4x	n/a	US$2.91m

71 Companies		Estimated Growth	Market Cap
Industry Avg.	3.0x	43.0%
COMAN-R Comanche International	0.4x	n/a	US$2.91m

No more companies

Price-To-Sales vs Industry: COMAN-R is good value based on its Price-To-Sales Ratio (0.4x) compared to the Asian Software industry average (3x).

Price to Sales Ratio vs Fair Ratio

What is COMAN-R'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.

COMAN-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate COMAN-R'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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