Thaicom Public Company Limited

SET:THCOM Stock Report

Market Cap: ฿15.3b

Thaicom Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: THCOM (THB14) is trading above our estimate of fair value (THB2.86)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

THCOM 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/Revenue4.7x
Enterprise Value/EBITDA13.8x
PEG Ratio-0.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for THCOM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.7x
SYMC Symphony Communication
13.8x10.2%฿3.6b
ITEL Interlink Telecom
13.5x12.3%฿3.7b
JAS Jasmine International
1xn/a฿19.9b
SAMTEL Samart Telcoms
26.6xn/a฿1.9b
THCOM Thaicom
43.4x-72.0%฿15.3b

Price-To-Earnings vs Peers: THCOM is expensive based on its Price-To-Earnings Ratio (43.4x) compared to the peer average (13.7x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: THCOM is expensive based on its Price-To-Earnings Ratio (43.4x) compared to the Asian Telecom industry average (15.9x).


Price to Earnings Ratio vs Fair Ratio

What is THCOM'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.

THCOM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.4x
Fair PE Ratio8x

Price-To-Earnings vs Fair Ratio: THCOM is expensive based on its Price-To-Earnings Ratio (43.4x) compared to the estimated Fair Price-To-Earnings Ratio (8x).


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 THCOM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿14.00
฿16.05
+14.6%
14.4%฿18.90฿12.50n/a4
Mar ’25฿12.10
฿15.95
+31.8%
13.5%฿18.30฿12.50n/a4
Feb ’25฿11.80
฿15.95
+35.2%
13.5%฿18.30฿12.50n/a4
Jan ’25฿13.20
฿15.12
+14.5%
17.0%฿18.30฿11.40n/a5
Dec ’24฿12.10
฿15.12
+25.0%
17.0%฿18.30฿11.40n/a5
Nov ’24฿12.60
฿15.44
+22.5%
18.7%฿18.90฿11.40n/a5
Oct ’24฿14.10
฿15.44
+9.5%
18.7%฿18.90฿11.40n/a5
Sep ’24฿14.30
฿15.44
+8.0%
18.7%฿18.90฿11.40n/a5
Aug ’24฿13.20
฿15.36
+16.4%
21.2%฿18.90฿11.40n/a4
Jul ’24฿11.00
฿15.36
+39.6%
21.2%฿18.90฿11.40n/a4
Jun ’24฿11.20
฿15.56
+38.9%
19.5%฿18.90฿12.20n/a4
May ’24฿12.00
฿15.26
+27.2%
21.8%฿18.90฿11.70n/a4
Apr ’24฿14.40
฿14.99
+4.1%
20.2%฿18.90฿11.70n/a5
Mar ’24฿15.60
฿14.02
-10.1%
25.0%฿18.90฿9.20฿12.106
Feb ’24฿16.30
฿14.02
-14.0%
25.0%฿18.90฿9.20฿11.806
Jan ’24฿14.40
฿11.17
-22.5%
20.2%฿14.00฿8.40฿13.206
Dec ’23฿12.00
฿11.02
-8.2%
21.8%฿14.00฿8.40฿12.106
Nov ’23฿11.70
฿10.60
-9.4%
19.2%฿13.80฿8.40฿12.606
Oct ’23฿11.50
฿10.60
-7.8%
19.2%฿13.80฿8.40฿14.106
Sep ’23฿10.40
฿10.53
+1.3%
20.0%฿13.80฿8.00฿14.306
Aug ’23฿8.90
฿10.47
+17.7%
19.3%฿13.43฿8.00฿13.206
Jul ’23฿8.95
฿10.47
+17.0%
19.3%฿13.43฿8.00฿11.006
Jun ’23฿9.30
฿10.47
+12.6%
19.3%฿13.43฿8.00฿11.206
May ’23฿9.60
฿10.47
+9.1%
19.3%฿13.43฿8.00฿12.006
Apr ’23฿9.05
฿10.47
+15.7%
19.3%฿13.43฿8.00฿14.406
Mar ’23฿9.90
฿10.47
+5.8%
19.3%฿13.43฿8.00฿15.606

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


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