Thai Poly Acrylic PCL

주가

2.46 THB

적정가치

4.01 THB

Benchmarks	Ticker	Full Ticker
World Flex Public Company Limited	-	SET:WFX
Thai Nam Plastic Public Company Limited	-	SET:TNPC
Thai Future Incorporation Public Company Limited	-	SET:TFI
Multibax Public Company Limited	-	SET:MBAX
Dimet (Siam) Public Company Limited	-	SET:DIMET
Thai Poly Acrylic Public Company Limited	-	SET:TPA

Multiples Valuation: Price / Sales

주가

2.46 THB

적정가치

4.01 THB

상승 여력 있음

56.7%

Price / LTM Sales Multiple

Price / Fwd Sales Multiple

Fair Value

Benchmark Editor


Select Price / LTM Sales Ratio

	Benchmark Companies
	WFX	TNPC	TFI	MBAX	DIMET	TPA
	SET:WFX	SET:TNPC	SET:TFI	SET:MBAX	SET:DIMET	SET:TPA
Historical Sales Growth
5Y CAGR	8.6%	7.9%	-5.8%	-0.9%	-15.2%	-3.2%
3Y CAGR	-6.6%	8.7%	31.9%	-2.0%	1.1%	-3.8%
Latest Twelve Months	11.1%	-14.8%	82.3%	22.8%	44.0%	0.2%

Historical Net Income Profit Margin
5 Year Average Margin	1.8%	0.0%	1738.9%	3.8%	-71.8%	1.7%
Prior Fiscal Year	-5.1%	1.9%	-98.1%	-3.4%	-89.1%	1.5%
Latest Fiscal Year	-4.2%	-10.0%	-48.5%	-1.5%	-134.7%	-2.8%
Latest Twelve Months	-4.2%	-10.0%	-48.5%	-1.5%	-134.7%	-2.8%

Current Trading Multiples
EV / LTM EBITDA	10.8x	-8.8x	-5.1x	15.1x	-4.5x	-29.6x
Price / LTM Sales	0.1x	0.2x	1.2x	0.2x	1.8x	0.4x
LTM P/E Ratio	-3.5x	-2.0x	-2.5x	-16.6x	-1.4x	-14.2x


	Low	Mid	High

Benchmark LTM P/S Ratio	0.1x	0.2x	1.8x
Historical LTM P/S Ratio	0.4x	0.8x	0.9x

Selected Price / Sales Multiple	0.6x	0.6x	0.6x
(x) LTM Sales	795	795	795
(=) Equity Value	461	486	510
(/) Shares Outstanding	121.5	121.5	121.5
Implied Value Range	3.80	4.00	4.20
FX Rate: THB/THB	1.0	1.0	1.0		Market Price
Implied Value Range (Trading Cur)	3.80	4.00	4.20		2.56
Upside / (Downside)	48.3%	56.1%	63.9%

지원하는 계산법

Equity Waterfall

Financials

Historical Multiples


Equity Value

	Benchmark Companies
(in millions)	WFX	TNPC	TFI	MBAX	DIMET	TPA

Value of Common Equity	450	266	841	322	293	311
(/) Shares Outstanding	464.2	340.8	16,826.2	198.8	2,438.1	121.5
Implied Stock Price	0.97	0.78	0.05	1.62	0.12	2.56
FX Conversion Rate to Trading Currency	1.00	1.00	1.00	1.00	1.00	1.00
Implied Stock Price (Trading Cur)	0.97	0.78	0.05	1.62	0.12	2.56

Trading Currency	THB	THB	THB	THB	THB	THB
FX Rate to Reporting Currency	1.00	1.00	1.00	1.00	1.00	1.00

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