How does WHAUP-F's PE Ratio compare to its peers?

WHAUP-F is expensive based on its Price-To-Earnings Ratio (35.1x) compared to the peer average (14.9x).

How does WHAUP-F's PE Ratio compare vs other companies in the Asian Water Utilities Industry?

WHAUP-F is expensive based on its Price-To-Earnings Ratio (35.1x) compared to the Asian Water Utilities industry average (13.9x).

What is WHAUP-F'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.

Insufficient data to calculate WHAUP-F's Price-To-Earnings Fair Ratio for valuation analysis.

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

WHAUP-F (THB3.94) is trading below our estimate of [[fair value]] (THB43.34)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

WHAUP-F Stock Overview

Provides utilities and water solutions in Thailand and internationally. More details

WHAUP-F fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	0/6
Dividends	1/6

Rewards

Trading at 90.9% below our estimate of its fair value

Earnings are forecast to grow 32.85% per year

Risk Analysis

Shares are highly illiquid

Dividend of 5.19% is not well covered by earnings or cash flows

Interest payments are not well covered by earnings

Profit margins (20%) are lower than last year (40.1%)

My Notes

Capture your thoughts, links and company narrative

WHA Utilities and Power Public Company Limited Competitors

TTW

SET:TTW

฿35.5b

Gunkul Engineering

SET:GUNKUL

฿17.5b

BCPG

SET:BCPG

฿19.5b

Absolute Clean Energy

SET:ACE

฿12.7b

Price History & Performance

Summary of share price highs, lows and changes for WHA Utilities and Power
Historical stock prices
Current Share Price	฿3.94
52 Week High	฿3.94
52 Week Low	฿1.57
Beta	0.30
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	-24.95%
5 Year Change	n/a
Change since IPO	-25.66%

Recent updates

Shareholder Returns

	WHAUP-F	TH Water Utilities	TH Market
7D	0%	-1.0%	0.6%
1Y	n/a	5.3%	-2.1%

Return vs Industry: Insufficient data to determine how WHAUP-F performed against the TH Water Utilities industry.

Return vs Market: Insufficient data to determine how WHAUP-F performed against the TH Market.

Price Volatility

Is WHAUP-F's price volatile compared to industry and market?
WHAUP-F volatility
WHAUP-F Average Weekly Movement	n/a
Water Utilities Industry Average Movement	4.6%
Market Average Movement	4.5%
10% most volatile stocks in TH Market	9.3%
10% least volatile stocks in TH Market	2.1%

Stable Share Price: WHAUP-F has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine WHAUP-F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2008	n/a	Somkiat Masunthasuwun	www.wha-up.com

WHA Utilities and Power Public Company Limited provides integrated utilities products and services in Thailand and internationally. The company operates through three segments: Water Business, Power Business, and Holding Company. It procures and distributes raw and industrial water; and provides wastewater treatment services to operators in industrial estates and industrial lands, as well as other consumers.

WHA Utilities and Power Public Company Limited Fundamentals Summary

How do WHA Utilities and Power's earnings and revenue compare to its market cap?
WHAUP-F fundamental statistics
Market cap	฿16.22b
Earnings (TTM)	฿462.54m
Revenue (TTM)	฿2.31b

35.1x

P/E Ratio

7.0x

P/S Ratio

Is WHAUP-F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WHAUP-F income statement (TTM)
Revenue	฿2.31b
Cost of Revenue	฿1.56b
Gross Profit	฿748.43m
Other Expenses	฿285.89m
Earnings	฿462.54m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.12
Gross Margin	32.40%
Net Profit Margin	20.02%
Debt/Equity Ratio	100.6%

How did WHAUP-F perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

182%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/01/15 09:50
End of Day Share Price	2022/10/18 00:00
Earnings	2022/09/30
Annual Earnings	2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

WHA Utilities and Power Public Company Limited is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Suwat Sinsadok	BNP Paribas Securities (Asia)
Poramet Tongbua	Bualuang Securities PCL
Kijapat Wongmetta	Bualuang Securities PCL