Earth Tech Environment Valuation

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

ETC-R (THB1.91) is trading above our estimate of [[fair value]] (THB0.22)

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

Below Fair Value: ETC-R (THB1.91) is trading above our estimate of fair value (THB0.22)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ETC-R. This is calculated by dividing ETC-R's market cap by their current earnings.
What is ETC-R's PE Ratio?
PE Ratio	45.8x
Earnings	฿93.47m
Market Cap	฿4.28b

ETC-R 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	5.6x
Enterprise Value/EBITDA	14.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ETC-R 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	12.2x
TGE Thachang Green Energy	20.9x	n/a	฿5.1b
TPCH TPC Power Holding	5.6x	n/a	฿2.1b
SSP Sermsang Power Corporation	12.7x	19.4%	฿7.2b
SPCG SPCG	9.4x	n/a	฿9.0b
ETC-R Earth Tech Environment	45.8x	n/a	฿4.3b

Price-To-Earnings vs Peers: ETC-R is expensive based on its Price-To-Earnings Ratio (45.8x) compared to the peer average (12.2x).

Price to Earnings Ratio vs Industry

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

9 Companies	Price / Earnings	Estimated Growth	Market Cap

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ETC-R is expensive based on its Price-To-Earnings Ratio (45.8x) compared to the Asian Renewable Energy industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is ETC-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.

ETC-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	45.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ETC-R'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.

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