Energy Absolute Public Company Limited

SET:EA-R Stock Report

Market Cap: ฿21.0b

Energy Absolute Valuation

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

Below Fair Value: EA-R (THB5.65) is trading above our estimate of fair value (THB4.7)

Significantly Below Fair Value: EA-R is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EA-R?

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

The above table shows the Price to Earnings ratio for EA-R. This is calculated by dividing EA-R's market cap by their current earnings.
What is EA-R's PE Ratio?
PE Ratio7x
Earnings฿3.02b
Market Cap฿20.98b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EA-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14x
GUNKUL Gunkul Engineering
16x15.2%฿20.0b
BCPG BCPG
11.6x-8.5%฿17.2b
CKP CK Power
20.4x19.9%฿27.5b
TPIPP TPI Polene Power
7.9x-19.0%฿25.4b
EA-R Energy Absolute
7x-11.2%฿21.0b

Price-To-Earnings vs Peers: EA-R is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (14x).

Price to Earnings Ratio vs Industry

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

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EA-R 7.0xIndustry Avg. 13.9xNo. of Companies24PE01020304050+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EA-R is good value based on its Price-To-Earnings Ratio (7x) compared to the Asian Renewable Energy industry average (13.9x).

Price to Earnings Ratio vs Fair Ratio

What is EA-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.

EA-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ratio17.9x

Price-To-Earnings vs Fair Ratio: EA-R is good value based on its Price-To-Earnings Ratio (7x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).

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

Scan Inter

฿2.9b

Primarily engages in trading natural gas through vehicle service stations in Thailand.

SCN-W1-R

฿0.30

7D

-3.2%

1Y

n/a

TPC Power Holding

฿3.4b

Generates and distributes electricity from renewable energy in Thailand.

TPCH-F

฿6.92

7D

0%

1Y

n/a

Electricity Generating

฿61.9b

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-R

฿117.50

7D

4.9%

1Y

-8.2%