Bluebik Group Valuation

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

BBIK-F (THB18) is trading below our estimate of [[fair value]] (THB20.85)

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: BBIK-F (THB18) is trading below our estimate of fair value (THB20.85)

Significantly Below Fair Value: BBIK-F is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BBIK-F?

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

The above table shows the Price to Earnings ratio for BBIK-F. This is calculated by dividing BBIK-F's market cap by their current earnings.
What is BBIK-F's PE Ratio?
PE Ratio	31.2x
Earnings	฿275.84m
Market Cap	฿8.50b

BBIK-F 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	5.6x
Enterprise Value/EBITDA	30.6x
PEG Ratio	1.4x

Price to Earnings Ratio vs Peers

How does BBIK-F's PE Ratio compare to its peers?

The above table shows the PE ratio for BBIK-F 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	18.2x
BE8 Beryl 8 Plus	22.3x	30.5%	฿3.4b
AIT Advanced Information Technology	11.9x	n/a	฿6.8b
SKY Sky ICT	29.1x	n/a	฿16.2b
PT Premier Technology	9.3x	n/a	฿2.8b
BBIK-F Bluebik Group	31.2x	22.0%	฿8.5b

Price-To-Earnings vs Peers: BBIK-F is expensive based on its Price-To-Earnings Ratio (31.2x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

How does BBIK-F'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: BBIK-F is expensive based on its Price-To-Earnings Ratio (31.2x) compared to the Asian IT industry average (24.3x).

Price to Earnings Ratio vs Fair Ratio

What is BBIK-F'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.

BBIK-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	31.2x
Fair PE Ratio	n/a

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