Precious Shipping Valuation

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

PSL-F (THB9.2) is trading below our estimate of [[fair value]] (THB16.43)

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

Below Fair Value: PSL-F (THB9.2) is trading below our estimate of fair value (THB16.43)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PSL-F?

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

The above table shows the Price to Earnings ratio for PSL-F. This is calculated by dividing PSL-F's market cap by their current earnings.
What is PSL-F's PE Ratio?
PE Ratio	12.8x
Earnings	฿1.01b
Market Cap	฿12.94b

PSL-F 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	3.5x
Enterprise Value/EBITDA	7.3x
PEG Ratio	0.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PSL-F 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	15x
RCL Regional Container Lines	4.1x	n/a	฿21.5b
AMA Ama Marine	6.7x	n/a	฿2.2b
DMT Don Muang Tollway	13.5x	14.2%	฿13.7b
SAV Samart Aviation Solutions	35.9x	13.9%	฿14.5b
PSL-F Precious Shipping	12.8x	25.4%	฿12.9b

Price-To-Earnings vs Peers: PSL-F is good value based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (16.4x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: PSL-F is expensive based on its Price-To-Earnings Ratio (12.8x) compared to the Asian Shipping industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is PSL-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.

PSL-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.8x
Fair PE Ratio	n/a

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

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.