Thachang Green Energy Public Company Limited

SET:TGE-R Stock Report

Market Cap: ฿5.6b

Thachang Green Energy Valuation

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

Below Fair Value: TGE-R (THB2.56) is trading above our estimate of fair value (THB1.36)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

TGE-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/Revenue6.4x
Enterprise Value/EBITDA14.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TGE-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.4x
SSP Sermsang Power Corporation
10.9x22.8%฿7.3b
ETC Earth Tech Environment
59.8xn/a฿4.7b
SPCG SPCG
7.9xn/a฿9.2b
TPCH TPC Power Holding
7xn/a฿2.3b
TGE-R Thachang Green Energy
22.8xn/a฿5.6b

Price-To-Earnings vs Peers: TGE-R is expensive based on its Price-To-Earnings Ratio (22.8x) compared to the peer average (21.8x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: TGE-R is expensive based on its Price-To-Earnings Ratio (22.8x) compared to the Asian Renewable Energy industry average (14.5x).


Price to Earnings Ratio vs Fair Ratio

What is TGE-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.

TGE-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TGE-R's Price-To-Earnings Fair Ratio for valuation analysis.


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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