Sermsang Power Corporation Valuation

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

Below Fair Value: SSP-R (THB5.6) is trading above our estimate of fair value (THB2.29)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SSP-R. This is calculated by dividing SSP-R's market cap by their current earnings.
What is SSP-R's PE Ratio?
PE Ratio	12.7x
Earnings	฿566.45m
Market Cap	฿7.19b

SSP-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	6.4x
Enterprise Value/EBITDA	9.4x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SSP-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	23.4x
TGE Thachang Green Energy	20.9x	n/a	฿5.1b
SPCG SPCG	9.4x	n/a	฿9.0b
ACE Absolute Clean Energy	17.3x	n/a	฿13.0b
ETC Earth Tech Environment	45.8x	n/a	฿4.3b
SSP-R Sermsang Power Corporation	12.7x	19.4%	฿7.2b

Price-To-Earnings vs Peers: SSP-R is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (23.4x).

Price to Earnings Ratio vs Industry

How does SSP-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: SSP-R is good value based on its Price-To-Earnings Ratio (12.7x) compared to the Asian Renewable Energy industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is SSP-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.

SSP-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.7x
Fair PE Ratio	14.2x

Price-To-Earnings vs Fair Ratio: SSP-R is good value based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).

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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