Supreme Distribution Valuation

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

SPREME-R (THB1.82) is trading above our estimate of [[fair value]] (THB0.3)

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: SPREME-R (THB1.82) is trading above our estimate of fair value (THB0.3)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SPREME-R. This is calculated by dividing SPREME-R's market cap by their current earnings.
What is SPREME-R's PE Ratio?
PE Ratio	8.8x
Earnings	฿152.26m
Market Cap	฿1.35b

SPREME-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	0.9x
Enterprise Value/EBITDA	3.5x
PEG Ratio	0.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SPREME-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	9.8x
NAT NAT Absolute Technologies	8.4x	n/a	฿1.4b
ICN Information and Communication Networks	12.1x	n/a	฿1.4b
VCOM Vintcom Technology	8.7x	n/a	฿755.2m
GABLE G-Able	10.1x	15.2%	฿2.3b
SPREME-R Supreme Distribution	8.8x	23.1%	฿1.3b

Price-To-Earnings vs Peers: SPREME-R is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (9.8x).

Price to Earnings Ratio vs Industry

How does SPREME-R'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: SPREME-R is good value based on its Price-To-Earnings Ratio (8.8x) compared to the Asian IT industry average (24.1x).

Price to Earnings Ratio vs Fair Ratio

What is SPREME-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.

SPREME-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.8x
Fair PE Ratio	15.1x

Price-To-Earnings vs Fair Ratio: SPREME-R is good value based on its Price-To-Earnings Ratio (8.8x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).

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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