Thachang Green Energy Public Company Limited

SET:TGE Stock Report

Market Cap: ฿5.7b

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

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?

Other financial metrics that can be useful for relative valuation.

TGE 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/Revenue6.5x
Enterprise Value/EBITDA15.1x
PEG Ration/a

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 Average21.2x
SSP Sermsang Power Corporation
10.9x22.8%฿7.3b
ETC Earth Tech Environment
58.9xn/a฿4.5b
SPCG SPCG
8xn/a฿9.2b
TPCH TPC Power Holding
6.9xn/a฿2.3b
TGE Thachang Green Energy
23.2xn/a฿5.7b

Price-To-Earnings vs Peers: TGE is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the peer average (21.2x).


Price to Earnings Ratio vs Industry

How does TGE'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 is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the Asian Renewable Energy industry average (14.5x).


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 Ratio23.2x
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.


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