TPI Polene Power Public Company Limited

SET:TPIPP-R Stock Report

Market Cap: ฿25.4b

TPI Polene Power Valuation

Is TPIPP-R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: TPIPP-R (THB3.02) is trading below our estimate of fair value (THB3.19)

Significantly Below Fair Value: TPIPP-R is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TPIPP-R. This is calculated by dividing TPIPP-R's market cap by their current earnings.
What is TPIPP-R's PE Ratio?
PE Ratio7.9x
Earnings฿3.22b
Market Cap฿25.37b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TPIPP-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.8x
CKP CK Power
20.4x19.9%฿27.5b
GUNKUL Gunkul Engineering
16x15.2%฿20.0b
EA Energy Absolute
7x-11.2%฿21.0b
BCPG BCPG
11.6x-8.5%฿17.2b
TPIPP-R TPI Polene Power
7.9x-19.0%฿25.4b

Price-To-Earnings vs Peers: TPIPP-R is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (13.8x).

Price to Earnings Ratio vs Industry

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

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TPIPP-R 7.9xIndustry Avg. 13.9xNo. of Companies23PE01020304050+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TPIPP-R is good value based on its Price-To-Earnings Ratio (7.9x) compared to the Asian Renewable Energy industry average (13.9x).

Price to Earnings Ratio vs Fair Ratio

What is TPIPP-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.

TPIPP-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.9x
Fair PE Ratio8.6x

Price-To-Earnings vs Fair Ratio: TPIPP-R is good value based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (8.6x).

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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