Ha Noi - Thanh Hoa Beer JSC Valuation

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

THB (₫11500) is trading above our estimate of [[fair value]] (₫5617.29)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: THB (₫11500) is trading above our estimate of fair value (₫5617.29)

Significantly Below Fair Value: THB is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for THB?

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

The above table shows the Price to Earnings ratio for THB. This is calculated by dividing THB's market cap by their current earnings.
What is THB's PE Ratio?
PE Ratio	42.2x
Earnings	₫3.11b
Market Cap	₫131.38b

THB 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	0.02x
Enterprise Value/EBITDA	-0.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does THB's PE Ratio compare to its peers?

The above table shows the PE ratio for THB 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	12.4x
HAD Ha Noi - Hai Duong Beer	10x	n/a	₫63.6b
BHN Hanoi Beer Alcohol and Beverage	27.3x	n/a	₫8.9t
KHS Kien Hung	5.6x	n/a	₫143.9b
NST Ngan Son	6.7x	n/a	₫116.5b
THB Ha Noi - Thanh Hoa Beer JSC	42.2x	n/a	₫131.4b

Price-To-Earnings vs Peers: THB is expensive based on its Price-To-Earnings Ratio (42.2x) compared to the peer average (12.4x).

Price to Earnings Ratio vs Industry

How does THB's PE Ratio compare vs other companies in the Asian Beverage Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: THB is expensive based on its Price-To-Earnings Ratio (42.2x) compared to the Asian Beverage industry average (18.7x).

Price to Earnings Ratio vs Fair Ratio

What is THB'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.

THB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	42.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate THB'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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