Global Power Synergy Valuation

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

GPSC-R (THB43.5) is trading below our estimate of [[fair value]] (THB56.83)

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

Below Fair Value: GPSC-R (THB43.5) is trading below our estimate of fair value (THB56.83)

Significantly Below Fair Value: GPSC-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 GPSC-R?

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

The above table shows the Price to Earnings ratio for GPSC-R. This is calculated by dividing GPSC-R's market cap by their current earnings.
What is GPSC-R's PE Ratio?
PE Ratio	34.6x
Earnings	฿3.54b
Market Cap	฿122.66b

GPSC-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	2.8x
Enterprise Value/EBITDA	13.5x
PEG Ratio	1.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GPSC-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	21.3x
RATCH Ratch Group	11.2x	17.5%	฿66.3b
BPP Banpu Power	14.3x	19.8%	฿36.6b
GULF Gulf Energy Development	39.5x	15.5%	฿750.9b
CKP CK Power	20.4x	19.9%	฿27.5b
GPSC-R Global Power Synergy	34.6x	23.7%	฿122.7b

Price-To-Earnings vs Peers: GPSC-R is expensive based on its Price-To-Earnings Ratio (34.6x) compared to the peer average (21.3x).

Price to Earnings Ratio vs Industry

How does GPSC-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: GPSC-R is expensive based on its Price-To-Earnings Ratio (34.6x) compared to the Asian Renewable Energy industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is GPSC-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.

GPSC-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	34.6x
Fair PE Ratio	17.5x

Price-To-Earnings vs Fair Ratio: GPSC-R is expensive based on its Price-To-Earnings Ratio (34.6x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).

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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