Global Power Synergy Public Company Limited

SET:GPSC Stock Report

Market Cap: ฿105.7b

Global Power Synergy Valuation

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

Below Fair Value: GPSC (THB37.5) is trading below our estimate of fair value (THB54.15)

Significantly Below Fair Value: GPSC 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?

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

The above table shows the Price to Earnings ratio for GPSC. This is calculated by dividing GPSC's market cap by their current earnings.
What is GPSC's PE Ratio?
PE Ratio29.9x
Earnings฿3.54b
Market Cap฿105.74b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GPSC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.8x
RATCH Ratch Group
11.1x17.1%฿65.2b
BPP Banpu Power
13x19.8%฿33.2b
GULF Gulf Energy Development
36.5x15.6%฿695.2b
CKP CK Power
18.5x18.9%฿24.9b
GPSC Global Power Synergy
29.9x23.2%฿105.7b

Price-To-Earnings vs Peers: GPSC is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the peer average (19.8x).

Price to Earnings Ratio vs Industry

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

13 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GPSC 29.9xIndustry Avg. 15.0xNo. of Companies27PE01224364860+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GPSC is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the Asian Renewable Energy industry average (14.9x).

Price to Earnings Ratio vs Fair Ratio

What is GPSC'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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.9x
Fair PE Ratio17.3x

Price-To-Earnings vs Fair Ratio: GPSC is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the estimated Fair Price-To-Earnings Ratio (17.3x).

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 GPSC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿37.50
฿52.43
+39.8%
10.1%฿61.00฿43.50n/a15
Dec ’25฿43.50
฿52.97
+21.8%
10.4%฿61.00฿43.50n/a15
Nov ’25฿42.25
฿52.97
+25.4%
10.4%฿61.00฿43.50n/a15
Oct ’25฿49.25
฿53.46
+8.6%
10.7%฿61.00฿43.50n/a14
Sep ’25฿40.25
฿54.43
+35.2%
9.9%฿63.00฿46.00n/a14
Aug ’25฿41.00
฿56.29
+37.3%
9.9%฿65.00฿46.00n/a14
Jul ’25฿39.25
฿57.01
+45.2%
8.7%฿65.00฿46.00n/a14
Jun ’25฿47.00
฿57.01
+21.3%
8.7%฿65.00฿46.00n/a14
May ’25฿49.00
฿57.15
+16.6%
8.1%฿65.00฿46.00n/a14
Apr ’25฿52.75
฿57.79
+9.6%
7.5%฿65.00฿46.00n/a14
Mar ’25฿51.75
฿55.95
+8.1%
12.8%฿65.00฿35.30n/a14
Feb ’25฿49.00
฿54.87
+12.0%
17.2%฿70.00฿35.30n/a13
Jan ’25฿48.50
฿54.34
+12.0%
18.9%฿70.00฿35.30n/a12
Dec ’24฿46.75
฿55.09
+17.8%
20.5%฿74.00฿35.30฿43.5012
Nov ’24฿39.00
฿61.67
+58.1%
18.4%฿79.00฿35.30฿42.2512
Oct ’24฿44.75
฿67.03
+49.8%
12.0%฿80.00฿52.00฿49.2512
Sep ’24฿52.25
฿69.63
+33.3%
12.3%฿80.00฿50.00฿40.2511
Aug ’24฿57.75
฿73.87
+27.9%
14.9%฿88.00฿50.00฿41.0012
Jul ’24฿54.25
฿78.35
+44.4%
10.3%฿94.00฿65.00฿39.2513
Jun ’24฿56.00
฿79.46
+41.9%
9.3%฿94.00฿65.00฿47.0013
May ’24฿64.00
฿79.85
+24.8%
9.3%฿94.00฿65.00฿49.0013
Apr ’24฿68.00
฿79.85
+17.4%
9.3%฿94.00฿65.00฿52.7513
Mar ’24฿66.75
฿79.46
+19.0%
10.1%฿94.00฿65.00฿51.7513
Feb ’24฿70.25
฿77.81
+10.8%
9.4%฿88.00฿65.00฿49.0013
Jan ’24฿73.00
฿76.11
+4.3%
10.1%฿88.00฿62.00฿48.5014
Dec ’23฿70.00
฿74.68
+6.7%
10.6%฿88.00฿58.00฿46.7514

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 05:59
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Global Power Synergy Public Company Limited is covered by 29 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nalinrat KittikumpolratAsia Plus Securities Company Limited
Sirichai ChalokepunratBofA Global Research
Suppata SrisukBualuang Securities PCL