Thachang Green Energy Public Company Limited

SET:TGE Stock Report

Market Cap: ฿5.1b

Thachang Green Energy Valuation

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

Below Fair Value: TGE (THB2.34) is trading above our estimate of fair value (THB1.6)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TGE. This is calculated by dividing TGE's market cap by their current earnings.
What is TGE's PE Ratio?
PE Ratio20.9x
Earnings฿245.92m
Market Cap฿5.15b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TGE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.3x
SSP Sermsang Power Corporation
12.7x19.4%฿7.2b
ETC Earth Tech Environment
45.5xn/a฿4.3b
SPCG SPCG
9.5xn/a฿9.0b
TPCH TPC Power Holding
5.7xn/a฿2.1b
TGE Thachang Green Energy
20.9xn/a฿5.1b

Price-To-Earnings vs Peers: TGE is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the peer average (18.3x).

Price to Earnings Ratio vs Industry

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

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TGE 20.9xIndustry Avg. 14.1xNo. of Companies23PE01020304050+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TGE is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the Asian Renewable Energy industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is TGE'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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TGE'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.

Discover undervalued companies

TPC Power Holding

฿3.4b

Generates and distributes electricity from renewable energy in Thailand.

TPCH-F

฿6.92

7D

0%

1Y

n/a

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

Clover Power

฿359.1m

Engages in the generation and sale of electricity in Thailand, Australia, and Vietnam.

CV

฿0.21

7D

-4.5%

1Y

-62.5%