Clover Power Public Company Limited

THAMSE:CV-F Stock Report

Market Cap: ฿359.1m

Clover Power Valuation

Is CV-F 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CV-F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CV-F (THB3.9) is trading below our estimate of fair value (THB71.39)

Significantly Below Fair Value: CV-F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CV-F?

Key metric: As CV-F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CV-F. This is calculated by dividing CV-F's market cap by their current revenue.
What is CV-F's PS Ratio?
PS Ratio0.6x
Sales฿594.62m
Market Cap฿359.06m

Price to Sales Ratio vs Peers

How does CV-F's PS Ratio compare to its peers?

The above table shows the PS ratio for CV-F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.9x
GREEN Green Resources
7.3xn/a฿875.3m
TSE Thai Solar Energy
1.6xn/a฿1.9b
EP Eastern Power Group
2xn/a฿1.8b
PRIME Prime Road Power
0.7xn/a฿936.0m
CV-F Clover Power
0.6xn/a฿359.1m

Price-To-Sales vs Peers: CV-F is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (2.9x).

Price to Sales Ratio vs Industry

How does CV-F's PS Ratio compare vs other companies in the TH Renewable Energy Industry?

0 CompaniesPrice / SalesEstimated GrowthMarket Cap
No more companies available in this PS range
CV-F 0.6xIndustry Avg. 2.1xNo. of Companies5PS012345+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CV-F is good value based on its Price-To-Sales Ratio (0.6x) compared to the TH Renewable Energy industry average (2.1x).

Price to Sales Ratio vs Fair Ratio

What is CV-F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CV-F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate CV-F's Price-To-Sales 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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