Metro Systems Corporation Valuation

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

MSC-R (THB7.9) is trading above our estimate of [[fair value]] (THB1.04)

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

Below Fair Value: MSC-R (THB7.9) is trading above our estimate of fair value (THB1.04)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MSC-R. This is calculated by dividing MSC-R's market cap by their current earnings.
What is MSC-R's PE Ratio?
PE Ratio	13.1x
Earnings	฿217.79m
Market Cap	฿2.84b

MSC-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	0.3x
Enterprise Value/EBITDA	7.2x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MSC-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
ILINK Interlink Communication	5.6x	-2.9%	฿3.1b
SIMAT Simat Technologies	28.4x	n/a	฿1.5b
SECURE nForce Secure	13.1x	17.4%	฿1.3b
SIS SiS Distribution (Thailand)	15.4x	n/a	฿9.9b
MSC-R Metro Systems Corporation	13.1x	n/a	฿2.8b

Price-To-Earnings vs Peers: MSC-R is good value based on its Price-To-Earnings Ratio (13.1x) compared to the peer average (15.6x).

Price to Earnings Ratio vs Industry

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

36 Companies	Price / Earnings	Estimated Growth	Market Cap

36 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MSC-R is good value based on its Price-To-Earnings Ratio (13.1x) compared to the Asian Electronic industry average (24.2x).

Price to Earnings Ratio vs Fair Ratio

What is MSC-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.

MSC-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.1x
Fair PE Ratio	n/a

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