Thachang Green Energy Public Company Limited

SET:TGE-R Stock Report

Market Cap: ฿5.2b

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 (THB2.36) is trading above our estimate of fair value (THB1.6)

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?

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

The above table shows the Price to Earnings ratio for TGE-R. This is calculated by dividing TGE-R's market cap by their current earnings.
What is TGE-R's PE Ratio?
PE Ratio21.1x
Earnings฿245.92m
Market Cap฿5.19b

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 Average18.4x
ETC Earth Tech Environment
47.4xn/a฿4.4b
SSP Sermsang Power Corporation
12.7x19.4%฿7.2b
SUPER Super Energy Corporation
3.9xn/a฿7.4b
SPCG SPCG
9.4xn/a฿9.0b
TGE-R Thachang Green Energy
21.1xn/a฿5.2b

Price-To-Earnings vs Peers: TGE-R is expensive based on its Price-To-Earnings Ratio (21.1x) compared to the peer average (18.4x).

Price to Earnings Ratio vs Industry

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

12 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TGE-R 21.1xIndustry Avg. 14.7xNo. of Companies29PE01224364860+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TGE-R is expensive based on its Price-To-Earnings Ratio (21.1x) compared to the Asian Renewable Energy industry average (14.7x).

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 Ratio21.1x
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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