Thai Oil Valuation

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

TOIP.F ($1.44) is trading below our estimate of [[fair value]] ($1.47)

Is TOIP.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: TOIP.F ($1.44) is trading below our estimate of fair value ($1.47)

Significantly Below Fair Value: TOIP.F 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 TOIP.F?

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

The above table shows the Price to Earnings ratio for TOIP.F. This is calculated by dividing TOIP.F's market cap by their current earnings.
What is TOIP.F's PE Ratio?
PE Ratio	4.4x
Earnings	฿25.18b
Market Cap	฿111.13b

TOIP.F 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/Revenue	0.6x
Enterprise Value/EBITDA	5.9x
PEG Ratio	1.3x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TOIP.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	19.9x
CVI CVR Energy	27.9x	26.2%	US$1.9b
WKC World Kinect	12.6x	-0.7%	US$1.7b
DINO HF Sinclair	24.1x	23.6%	US$7.9b
SUN Sunoco	15.1x	20.7%	US$7.4b
TOIP.F Thai Oil	4.4x	3.4%	US$111.1b

Price-To-Earnings vs Peers: TOIP.F is good value based on its Price-To-Earnings Ratio (4.4x) compared to the peer average (7.6x).

Price to Earnings Ratio vs Industry

How does TOIP.F's PE Ratio compare vs other companies in the US Oil and Gas Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap
AXAS Abraxas Petroleum	0.09x	n/a	US$10.27m
BYRO.F Byron Energy	0.03x	-10.3%	US$312.17k
USOP.Y U.S. Oil and Gas	n/a	n/a	US$6.00

No more companies available in this PE range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TOIP.F is good value based on its Price-To-Earnings Ratio (4.4x) compared to the US Oil and Gas industry average (10.2x).

Price to Earnings Ratio vs Fair Ratio

What is TOIP.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.

TOIP.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	4.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TOIP.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.

Discover undervalued companies

Hafnia

NOK 30.6b

Owns and operates oil product tankers in Bermuda.

HAFN

NOK 5.33

-4.7%

-21.3%

Cool

NOK 4.9b

Engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs).

CLCO

NOK 8.09

-24.8%

-36.7%

TotalEnergies

€125.3b

A multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally.

TTFN.F

€58.04

-5.4%

-15.6%