Advanced Info Service Valuation

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

ADVANC-R (THB285) is trading below our estimate of [[fair value]] (THB373.12)

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

Below Fair Value: ADVANC-R (THB285) is trading below our estimate of fair value (THB373.12)

Significantly Below Fair Value: ADVANC-R is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ADVANC-R. This is calculated by dividing ADVANC-R's market cap by their current earnings.
What is ADVANC-R's PE Ratio?
PE Ratio	25.8x
Earnings	฿32.82b
Market Cap	฿847.65b

ADVANC-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	5.1x
Enterprise Value/EBITDA	12.2x
PEG Ratio	2.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ADVANC-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	16.7x
INTUCH Intouch Holdings	21.1x	5.8%	฿304.6b
600050 China United Network Communications	18.8x	10.0%	CN¥163.8b
VOD Vodafone Group	9.4x	3.7%	UK£18.3b
RCI.B Rogers Communications	17.8x	18.0%	CA$27.1b
ADVANC-R Advanced Info Service	25.8x	10.1%	฿847.6b

Price-To-Earnings vs Peers: ADVANC-R is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the peer average (16.7x).

Price to Earnings Ratio vs Industry

How does ADVANC-R's PE Ratio compare vs other companies in the Asian Wireless Telecom Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ADVANC-R is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the Asian Wireless Telecom industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is ADVANC-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.

ADVANC-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	25.8x
Fair PE Ratio	28.5x

Price-To-Earnings vs Fair Ratio: ADVANC-R is good value based on its Price-To-Earnings Ratio (25.8x) compared to the estimated Fair Price-To-Earnings Ratio (28.5x).

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.

Discover undervalued companies

Jasmine International

฿21.8b

Engages in the telecommunications business in Thailand.

JAS-F

฿2.66

n/a

True Corporation

฿383.5b

Provides telecommunications and value-added services in Thailand.

TRUE-F

฿11.50

-4.2%

32.9%

Interlink Telecom

฿3.2b

Provides telecommunication services through fiber optic network in Thailand.

ITEL-F

฿1.84

n/a