SVI Public Company Limited

SET:SVI Stock Report

Market Cap: ฿15.6b

SVI Valuation

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

Below Fair Value: SVI (THB7.35) is trading above our estimate of fair value (THB1.68)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SVI. This is calculated by dividing SVI's market cap by their current earnings.
What is SVI's PE Ratio?
PE Ratio12.3x
Earnings฿1.28b
Market Cap฿15.61b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SVI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.6x
FORTH Forth Corporation
33.9x45.9%฿11.5b
HANA Hana Microelectronics
20.1x22.3%฿25.9b
CCET Cal-Comp Electronics (Thailand)
46.8xn/a฿96.7b
TEAM Team Precision
9.4xn/a฿1.9b
SVI SVI
12.3x5.1%฿15.6b

Price-To-Earnings vs Peers: SVI is good value based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (27.6x).

Price to Earnings Ratio vs Industry

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

37 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SVI 12.3xIndustry Avg. 24.6xNo. of Companies140PE020406080100+
37 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SVI is good value based on its Price-To-Earnings Ratio (12.3x) compared to the Asian Electronic industry average (24.6x).

Price to Earnings Ratio vs Fair Ratio

What is SVI'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.

SVI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.3x
Fair PE Ratio16x

Price-To-Earnings vs Fair Ratio: SVI is good value based on its Price-To-Earnings Ratio (12.3x) compared to the estimated Fair Price-To-Earnings Ratio (16x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SVI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿7.35
฿8.56
+16.5%
10.4%฿10.00฿7.30n/a5
Nov ’25฿7.95
฿9.10
+14.5%
6.4%฿10.00฿8.40n/a4
Oct ’25฿7.65
฿9.43
+23.2%
8.6%฿10.40฿8.40n/a4
Sep ’25฿8.10
฿9.43
+16.4%
8.6%฿10.40฿8.40n/a4
Aug ’25฿8.20
฿8.30
+1.2%
9.4%฿9.50฿7.40n/a4
Jul ’25฿8.70
฿8.13
-6.5%
12.7%฿9.50฿7.00n/a3
Jun ’25฿7.90
฿7.38
-6.6%
7.3%฿7.90฿6.70n/a4
May ’25฿6.80
฿7.28
+7.0%
6.3%฿7.90฿6.70n/a4
Apr ’25฿6.35
฿7.28
+14.6%
6.3%฿7.90฿6.70n/a4
Mar ’25฿6.15
฿7.28
+18.3%
6.3%฿7.90฿6.70n/a4
Feb ’25฿6.60
฿7.05
+6.8%
12.0%฿8.40฿6.10n/a4
Jan ’25฿7.00
฿7.10
+1.4%
11.9%฿8.40฿6.10n/a4
Dec ’24฿7.00
฿7.10
+1.4%
11.9%฿8.40฿6.10n/a4
Nov ’24฿7.05
฿8.40
+19.1%
3.4%฿8.80฿8.00฿7.954
Oct ’24฿8.00
฿8.40
+5.0%
3.4%฿8.80฿8.00฿7.654
Sep ’24฿7.90
฿8.40
+6.3%
3.4%฿8.80฿8.00฿8.104
Aug ’24฿8.00
฿8.80
+10.0%
5.3%฿9.20฿8.00฿8.204
Jul ’24฿8.30
฿8.80
+6.0%
5.3%฿9.20฿8.00฿8.704
Jun ’24฿8.40
฿8.80
+4.8%
5.3%฿9.20฿8.00฿7.904
May ’24฿9.50
฿10.50
+10.5%
10.6%฿12.00฿9.00฿6.804
Apr ’24฿10.00
฿10.50
+5.0%
10.6%฿12.00฿9.00฿6.354
Mar ’24฿9.40
฿10.50
+11.7%
10.6%฿12.00฿9.00฿6.154
Feb ’24฿10.00
฿9.90
-1.0%
7.8%฿11.00฿9.00฿6.604
Jan ’24฿9.65
฿9.90
+2.6%
7.8%฿11.00฿9.00฿7.004
Dec ’23฿11.10
฿9.90
-10.8%
7.8%฿11.00฿9.00฿7.004
Nov ’23฿8.15
฿8.05
-1.2%
9.7%฿9.30฿7.30฿7.054

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

SiS Distribution (Thailand)

฿9.5b

Engages in the distribution of computer components, smartphones, and office automation equipment in Thailand.

SIS

฿26.25

7D

-6.3%

1Y

36.0%

D.T.C. Enterprise

฿1.5b

Provides global positioning system (GPS) product and services in Thailand.

DTCENT-R

฿1.13

7D

-0.9%

1Y

-10.8%

Xiaomi

HK$697.5b

An investment holding company, provides hardware and software services in Mainland China and internationally.

XIAOMI80

HK$12.40

7D

0%

1Y

77.1%