Banpu Power Public Company Limited

SET:BPP-R Stock Report

Market Cap: ฿35.4b

Banpu Power Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: BPP-R (THB11.5) is trading below our estimate of fair value (THB33.61)

Significantly Below Fair Value: BPP-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 BPP-R?

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

The above table shows the Price to Earnings ratio for BPP-R. This is calculated by dividing BPP-R's market cap by their current earnings.
What is BPP-R's PE Ratio?
PE Ratio13.8x
Earnings฿2.56b
Market Cap฿35.35b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BPP-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.8x
RATCH Ratch Group
11.3x17.6%฿67.4b
GPSC Global Power Synergy
34.6x23.7%฿122.0b
GULF Gulf Energy Development
37.3x15.6%฿730.4b
CKP CK Power
19.8x18.9%฿26.7b
BPP-R Banpu Power
13.7x19.8%฿35.0b

Price-To-Earnings vs Peers: BPP-R is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (26x).

Price to Earnings Ratio vs Industry

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

12 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BPP-R 13.8xIndustry Avg. 14.7xNo. of Companies28PE01224364860+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BPP-R is good value based on its Price-To-Earnings Ratio (13.7x) compared to the Asian Renewable Energy industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is BPP-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.

BPP-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.8x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: BPP-R is good value based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (15x).

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

Rojana Industrial Park

฿12.8b

Engages in the manufacture and sale of electricity from solar cell system in Thailand.

ROJNA-R

฿6.35

7D

-0.8%

1Y

9.5%

Electricity Generating

฿62.9b

Generates and sells electricity to government sector and industrial users primarily in Thailand, Laos, the Philippines, Indonesia, Australia, South Korea, Taiwan, and the United States.

EGCO

฿119.00

7D

1.3%

1Y

-6.3%

TPC Power Holding

฿3.4b

Generates and distributes electricity from renewable energy in Thailand.

TPCH-F

฿6.92

7D

0%

1Y

n/a