Gulf Energy Development Public Company Limited

SET:GULF-R Stock Report

Market Cap: ฿730.4b

Gulf Energy Development Valuation

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

Below Fair Value: GULF-R (THB62.25) is trading above our estimate of fair value (THB54.29)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GULF-R. This is calculated by dividing GULF-R's market cap by their current earnings.
What is GULF-R's PE Ratio?
PE Ratio38.4x
Earnings฿19.03b
Market Cap฿730.39b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GULF-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.5x
GPSC Global Power Synergy
34.4x23.7%฿122.0b
RATCH Ratch Group
11.4x21.3%฿67.4b
BPP Banpu Power
13.7x19.8%฿35.0b
ADANIPOWER Adani Power
18.3xn/a₹2.2t
GULF-R Gulf Energy Development
38.4x15.6%฿730.4b

Price-To-Earnings vs Peers: GULF-R is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the peer average (19.5x).

Price to Earnings Ratio vs Industry

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

12 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GULF-R 38.4xIndustry Avg. 14.4xNo. of Companies30PE01224364860+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GULF-R is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the Asian Renewable Energy industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is GULF-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.

GULF-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.4x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: GULF-R is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).

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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