Symphony Communication Valuation

Is SYMC-R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: SYMC-R (THB8.15) is trading below our estimate of fair value (THB17.74)

Significantly Below Fair Value: SYMC-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 SYMC-R?

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

The above table shows the Price to Earnings ratio for SYMC-R. This is calculated by dividing SYMC-R's market cap by their current earnings.
What is SYMC-R's PE Ratio?
PE Ratio	17.3x
Earnings	฿203.73m
Market Cap	฿3.53b

SYMC-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	2x
Enterprise Value/EBITDA	6.1x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SYMC-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	49.5x
ITEL Interlink Telecom	12.1x	8.8%	฿3.1b
SAMTEL Samart Telcoms	81.9x	n/a	฿4.2b
JAS Jasmine International	0.9x	n/a	฿19.4b
JTS Jasmine Technology Solution	103.1x	n/a	฿47.5b
SYMC-R Symphony Communication	17.3x	20.7%	฿3.5b

Price-To-Earnings vs Peers: SYMC-R is good value based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (49.5x).

Price to Earnings Ratio vs Industry

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

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SYMC-R is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the Asian Telecom industry average (15.1x).

Price to Earnings Ratio vs Fair Ratio

What is SYMC-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.

SYMC-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.3x
Fair PE Ratio	26.6x

Price-To-Earnings vs Fair Ratio: SYMC-R is good value based on its Price-To-Earnings Ratio (17.3x) compared to the estimated Fair Price-To-Earnings Ratio (26.6x).

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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