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

FORTH-F is expensive based on its Price-To-Earnings Ratio (48x) compared to the peer average (28x).

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

FORTH-F is expensive based on its Price-To-Earnings Ratio (48x) compared to the TH Electronic industry average (16.8x).

What is FORTH-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.

Insufficient data to calculate FORTH-F's Price-To-Earnings Fair Ratio for valuation analysis.

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

FORTH-F (THB36.5) is trading below our estimate of [[fair value]] (THB57.84)

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

Insufficient data to show price forecast.

FORTH-F Stock Overview

Together with its subsidiariesv, engages in the manufacture and distribution of electronic equipment in Thailand and internationally. More details

FORTH-F fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 36.9% below our estimate of its fair value

Earnings are forecast to grow 54.83% per year

Earnings have grown 18.7% per year over the past 5 years

Risk Analysis

High level of non-cash earnings

Shares are highly illiquid

Debt is not well covered by operating cash flow

My Notes

Capture your thoughts, links and company narrative

Forth Corporation Public Company Limited Competitors

Hana Microelectronics

SET:HANA

฿21.5b

SVI

SET:SVI

฿15.3b

Cal-Comp Electronics (Thailand)

SET:CCET

฿102.9b

Team Precision

SET:TEAM

฿1.7b

Price History & Performance

Summary of share price highs, lows and changes for Forth Corporation
Historical stock prices
Current Share Price	฿36.50
52 Week High	฿36.75
52 Week Low	฿36.50
Beta	0.17
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	900.00%

Recent updates

Shareholder Returns

	FORTH-F	TH Electronic	TH Market
7D	0%	-7.8%	-1.3%
1Y	n/a	45.2%	-4.4%

Return vs Industry: Insufficient data to determine how FORTH-F performed against the TH Electronic industry.

Return vs Market: Insufficient data to determine how FORTH-F performed against the TH Market.

Price Volatility

Is FORTH-F's price volatile compared to industry and market?
FORTH-F volatility
FORTH-F Average Weekly Movement	n/a
Electronic Industry Average Movement	6.7%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.7%
10% least volatile stocks in TH Market	2.1%

Stable Share Price: FORTH-F has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine FORTH-F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1989	n/a	Pongchai Amatanon	www.forth.co.th

Forth Corporation Public Company Limited, together with its subsidiaries, manufactures and distributes electronic equipment in Thailand. It operates through three segments: Electronics Manufacturing Service Business; Enterprise Solutions Business; and Smart Service Business. It offers Forth Taglock EM, a tracking device made for prisoners; nurse call systems; GPS devices and GPS tracking systems; lighting system solutions; smart traffic light systems; smart grids; multi-service access network telephone exchange equipment; EV charging stations; smart meter systems, including digital meters that show energy/water consumptions digitally, as well as smart software, which pulls data from meters automatically; and small gas station and oil vending machines.

Forth Corporation Public Company Limited Fundamentals Summary

How do Forth Corporation's earnings and revenue compare to its market cap?
FORTH-F fundamental statistics
Market cap	฿38.58b
Earnings (TTM)	฿804.53m
Revenue (TTM)	฿9.88b

48.0x

P/E Ratio

3.9x

P/S Ratio

Is FORTH-F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FORTH-F income statement (TTM)
Revenue	฿9.88b
Cost of Revenue	฿7.31b
Gross Profit	฿2.57b
Other Expenses	฿1.77b
Earnings	฿804.53m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.86
Gross Margin	26.05%
Net Profit Margin	8.14%
Debt/Equity Ratio	132.8%

How did FORTH-F perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

52%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/02/27 16:14
End of Day Share Price	2022/11/30 00:00
Earnings	2022/09/30
Annual Earnings	2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Forth Corporation Public Company Limited is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Wikij Tirawannarat	Bualuang Securities PCL
Poramet Tongbua	Bualuang Securities PCL
null null	DBS Bank Ltd