Sky ICT Valuation

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

SKY (THB22.8) is trading below our estimate of [[fair value]] (THB132.73)

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

Below Fair Value: SKY (THB22.8) is trading below our estimate of fair value (THB132.73)

Significantly Below Fair Value: SKY 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?

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

The above table shows the Price to Earnings ratio for SKY. This is calculated by dividing SKY's market cap by their current earnings.
What is SKY's PE Ratio?
PE Ratio	29.5x
Earnings	฿553.30m
Market Cap	฿16.10b

SKY 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	3.5x
Enterprise Value/EBITDA	19.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SKY 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	16.4x
BBIK Bluebik Group	30.8x	22.0%	฿8.6b
AIT Advanced Information Technology	11.9x	n/a	฿7.0b
PT Premier Technology	9.2x	n/a	฿2.8b
MFEC MFEC	13.5x	n/a	฿2.7b
SKY Sky ICT	29.5x	n/a	฿16.1b

Price-To-Earnings vs Peers: SKY is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the peer average (16.4x).

Price to Earnings Ratio vs Industry

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

13 Companies	Price / Earnings	Estimated Growth	Market Cap

13 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SKY is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the Asian IT industry average (24.1x).

Price to Earnings Ratio vs Fair Ratio

What is SKY'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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	29.5x
Fair PE Ratio	n/a

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