Sirisoft Valuation

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

SRS (THB5.05) is trading above our estimate of [[fair value]] (THB3.6)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: SRS (THB5.05) is trading above our estimate of fair value (THB3.6)

Significantly Below Fair Value: SRS is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SRS?

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

The above table shows the Price to Earnings ratio for SRS. This is calculated by dividing SRS's market cap by their current earnings.
What is SRS's PE Ratio?
PE Ratio	27.5x
Earnings	฿29.35m
Market Cap	฿808.00m

SRS 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	1x
Enterprise Value/EBITDA	9.1x
PEG Ratio	0.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SRS 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	8.5x
TPS Practical Solution	10.1x	n/a	฿1.2b
I2 I2 Enterprise	7.2x	n/a	฿613.2m
VCOM Vintcom Technology	8.6x	n/a	฿749.1m
ITNS International Network System	8.1x	n/a	฿313.5m
SRS Sirisoft	27.5x	46.8%	฿808.0m

Price-To-Earnings vs Peers: SRS is expensive based on its Price-To-Earnings Ratio (27.5x) compared to the peer average (8.5x).

Price to Earnings Ratio vs Industry

How does SRS'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: SRS is expensive based on its Price-To-Earnings Ratio (27.5x) compared to the Asian IT industry average (24.1x).

Price to Earnings Ratio vs Fair Ratio

What is SRS'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.

SRS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	27.5x
Fair PE Ratio	17.9x

Price-To-Earnings vs Fair Ratio: SRS is expensive based on its Price-To-Earnings Ratio (27.5x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).

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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