B.Grimm Power Public Company Limited

SET:BGRIM Stock Report

Market Cap: ฿67.1b

B.Grimm Power Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: BGRIM (THB25.75) is trading below our estimate of fair value (THB56.27)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BGRIM 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/Revenue2.9x
Enterprise Value/EBITDA12.8x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BGRIM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.4x
RATCH Ratch Group
12.1x17.1%฿62.5b
GPSC Global Power Synergy
37.4x21.8%฿138.2b
BPP Banpu Power
8.2x-18.0%฿43.6b
GULF Gulf Energy Development
31.8x14.6%฿472.3b
BGRIM B.Grimm Power
59.1x27.8%฿67.1b

Price-To-Earnings vs Peers: BGRIM is expensive based on its Price-To-Earnings Ratio (59.1x) compared to the peer average (22.4x).


Price to Earnings Ratio vs Industry

How does BGRIM's PE Ratio compare vs other companies in the Asian Renewable Energy Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.5%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.5%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: BGRIM is expensive based on its Price-To-Earnings Ratio (59.1x) compared to the Asian Renewable Energy industry average (15x).


Price to Earnings Ratio vs Fair Ratio

What is BGRIM'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.

BGRIM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio59.1x
Fair PE Ratio24.1x

Price-To-Earnings vs Fair Ratio: BGRIM is expensive based on its Price-To-Earnings Ratio (59.1x) compared to the estimated Fair Price-To-Earnings Ratio (24.1x).


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 BGRIM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿25.75
฿30.72
+19.3%
14.5%฿37.00฿23.00n/a14
Apr ’25฿27.50
฿30.85
+12.2%
14.1%฿37.00฿24.00n/a14
Mar ’25฿26.75
฿30.60
+14.4%
22.0%฿48.00฿22.10n/a14
Feb ’25฿27.50
฿31.47
+14.4%
24.3%฿48.00฿22.10n/a14
Jan ’25฿27.25
฿30.65
+12.5%
27.3%฿48.00฿20.00n/a14
Dec ’24฿25.50
฿31.44
+23.3%
26.8%฿48.00฿20.00n/a14
Nov ’24฿22.60
฿34.01
+50.5%
27.8%฿48.00฿20.00n/a14
Oct ’24฿28.75
฿41.41
+44.0%
18.3%฿50.30฿25.00n/a14
Sep ’24฿33.25
฿43.44
+30.7%
12.6%฿50.30฿32.00n/a12
Aug ’24฿38.75
฿44.19
+14.0%
12.8%฿50.30฿32.00n/a12
Jul ’24฿34.75
฿45.69
+31.5%
8.7%฿50.30฿34.00n/a12
Jun ’24฿35.75
฿46.03
+28.7%
9.1%฿50.30฿34.00n/a12
May ’24฿38.75
฿46.46
+19.9%
10.4%฿55.50฿34.00฿25.7512
Apr ’24฿40.50
฿46.63
+15.1%
10.4%฿55.50฿34.00฿27.5012
Mar ’24฿38.25
฿45.13
+18.0%
13.2%฿55.50฿33.00฿26.7512
Feb ’24฿40.75
฿43.83
+7.6%
11.6%฿50.00฿33.00฿27.5012
Jan ’24฿39.75
฿41.54
+4.5%
11.3%฿50.00฿33.00฿27.2513
Dec ’23฿37.50
฿40.46
+7.9%
11.0%฿48.00฿33.00฿25.5013
Nov ’23฿34.75
฿40.57
+16.8%
10.4%฿47.00฿33.00฿22.6014
Oct ’23฿33.75
฿40.71
+20.6%
10.6%฿47.00฿33.00฿28.7514
Sep ’23฿36.75
฿40.57
+10.4%
10.5%฿47.00฿33.00฿33.2514
Aug ’23฿39.25
฿40.86
+4.1%
11.2%฿49.00฿33.00฿38.7514
Jul ’23฿36.00
฿39.73
+10.4%
12.4%฿49.00฿31.00฿34.7514
Jun ’23฿35.00
฿39.87
+13.9%
12.7%฿49.00฿31.00฿35.7513
May ’23฿32.50
฿40.48
+24.6%
13.5%฿49.00฿31.00฿38.7513

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


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