Rojana Industrial Park Public Company Limited

SET:ROJNA-R Stock Report

Market Cap: ฿13.5b

Rojana Industrial Park Valuation

Is ROJNA-R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: ROJNA-R (THB6.7) is trading below our estimate of fair value (THB411.14)

Significantly Below Fair Value: ROJNA-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 ROJNA-R?

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

The above table shows the Price to Earnings ratio for ROJNA-R. This is calculated by dividing ROJNA-R's market cap by their current earnings.
What is ROJNA-R's PE Ratio?
PE Ratio8x
Earnings฿1.70b
Market Cap฿13.54b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ROJNA-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12x
ACE Absolute Clean Energy
13.7xn/a฿13.1b
BCPG BCPG
11.5x-8.5%฿17.1b
WHAUP WHA Utilities and Power
14.8x14.6%฿18.7b
EA Energy Absolute
7.9x-11.2%฿23.8b
ROJNA-R Rojana Industrial Park
8x11.2%฿13.5b

Price-To-Earnings vs Peers: ROJNA-R is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (12x).

Price to Earnings Ratio vs Industry

How does ROJNA-R's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ROJNA-R 8.0xIndustry Avg. 16.3xNo. of Companies13PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ROJNA-R is good value based on its Price-To-Earnings Ratio (8x) compared to the Asian Electric Utilities industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is ROJNA-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.

ROJNA-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8x
Fair PE Ratio14.5x

Price-To-Earnings vs Fair Ratio: ROJNA-R is good value based on its Price-To-Earnings Ratio (8x) compared to the estimated Fair Price-To-Earnings Ratio (14.5x).

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.

Discover undervalued companies

Electricity Generating

฿60.8b

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

฿115.50

7D

1.3%

1Y

-9.1%

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