Bank of Ayudhya Public Company Limited

OTCPK:BKAY.F Stock Report

Market Cap: US$6.3b

Bank of Ayudhya Valuation

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

Below Fair Value: BKAY.F ($0.96) is trading below our estimate of fair value ($1.26)

Significantly Below Fair Value: BKAY.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 BKAY.F?

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

The above table shows the Price to Earnings ratio for BKAY.F. This is calculated by dividing BKAY.F's market cap by their current earnings.
What is BKAY.F's PE Ratio?
PE Ratio7x
Earnings฿30.71b
Market Cap฿215.16b

Price to Earnings Ratio vs Peers

How does BKAY.F's PE Ratio compare to its peers?

The above table shows the PE ratio for BKAY.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.1x
CMA Comerica
17.9x10.8%US$9.6b
BAP Credicorp
11.1x11.8%US$15.2b
NTB Bank of N.T. Butterfield & Son
7.9x-7.1%US$1.7b
FITB Fifth Third Bancorp
15.7x8.3%US$32.5b
BKAY.F Bank of Ayudhya
7x5.3%US$215.2b

Price-To-Earnings vs Peers: BKAY.F is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (7.7x).

Price to Earnings Ratio vs Industry

How does BKAY.F's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
BKAY.F 7.0xIndustry Avg. 13.3xNo. of Companies94PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BKAY.F is good value based on its Price-To-Earnings Ratio (7x) compared to the US Banks industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is BKAY.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.

BKAY.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ration/a

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