Sermsang Power Corporation Valuation

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

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

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

Key Valuation Metric

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

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

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

SSP 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's PE Ratio compare to its peers?

The above table shows the PE ratio for SSP 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	12.9x
SUPER Super Energy Corporation	4x	n/a	฿7.7b
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
SSP Sermsang Power Corporation	12.7x	19.4%	฿7.2b

Price-To-Earnings vs Peers: SSP is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (12.9x).

Price to Earnings Ratio vs Industry

How does SSP'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 is good value based on its Price-To-Earnings Ratio (12.7x) compared to the Asian Renewable Energy industry average (13.9x).

Price to Earnings Ratio vs Fair Ratio

What is SSP'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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.7x
Fair PE Ratio	14.2x

Price-To-Earnings vs Fair Ratio: SSP 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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