Sky ICT Valuation

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

SKY-R (THB24.9) is trading below our estimate of [[fair value]] (THB134.28)

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

Below Fair Value: SKY-R (THB24.9) is trading below our estimate of fair value (THB134.28)

Significantly Below Fair Value: SKY-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 SKY-R?

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

The above table shows the Price to Earnings ratio for SKY-R. This is calculated by dividing SKY-R's market cap by their current earnings.
What is SKY-R's PE Ratio?
PE Ratio	32.1x
Earnings	฿554.27m
Market Cap	฿17.82b

SKY-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	3.7x
Enterprise Value/EBITDA	23.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SKY-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	16.5x
BBIK Bluebik Group	31.5x	22.0%	฿8.7b
AIT Advanced Information Technology	11.4x	n/a	฿6.6b
PT Premier Technology	9x	n/a	฿2.7b
MFEC MFEC	14.1x	n/a	฿2.8b
SKY-R Sky ICT	32.1x	n/a	฿17.8b

Price-To-Earnings vs Peers: SKY-R is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the peer average (16.5x).

Price to Earnings Ratio vs Industry

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

12 Companies	Price / Earnings	Estimated Growth	Market Cap

12 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SKY-R is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the Asian IT industry average (24.1x).

Price to Earnings Ratio vs Fair Ratio

What is SKY-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.

SKY-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	32.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SKY-R'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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