Ditto (Thailand) Valuation

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

DITTO-R (THB16.4) is trading below our estimate of [[fair value]] (THB19.85)

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

Below Fair Value: DITTO-R (THB16.4) is trading below our estimate of fair value (THB19.85)

Significantly Below Fair Value: DITTO-R 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 DITTO-R?

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

The above table shows the Price to Earnings ratio for DITTO-R. This is calculated by dividing DITTO-R's market cap by their current earnings.
What is DITTO-R's PE Ratio?
PE Ratio	26.3x
Earnings	฿433.26m
Market Cap	฿11.45b

DITTO-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	4.9x
Enterprise Value/EBITDA	21.5x
PEG Ratio	1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DITTO-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	15.6x
SYNEX Synnex (Thailand)	21.3x	14.2%	฿13.8b
SIS SiS Distribution (Thailand)	16x	n/a	฿9.8b
JMART Jaymart Group Holdings	19.5x	n/a	฿19.9b
ILINK Interlink Communication	5.8x	-2.9%	฿3.2b
DITTO-R Ditto (Thailand)	26.3x	26.8%	฿11.4b

Price-To-Earnings vs Peers: DITTO-R is expensive based on its Price-To-Earnings Ratio (26.3x) compared to the peer average (15.6x).

Price to Earnings Ratio vs Industry

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

37 Companies	Price / Earnings	Estimated Growth	Market Cap

37 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: DITTO-R is expensive based on its Price-To-Earnings Ratio (26.3x) compared to the Asian Electronic industry average (24.2x).

Price to Earnings Ratio vs Fair Ratio

What is DITTO-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.

DITTO-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	26.3x
Fair PE Ratio	25.8x

Price-To-Earnings vs Fair Ratio: DITTO-R is expensive based on its Price-To-Earnings Ratio (26.3x) compared to the estimated Fair Price-To-Earnings Ratio (25.8x).

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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