ACE Relative Valuation - Absolute Clean Energy PCL - Alpha Spread
A

Absolute Clean Energy PCL
SET:ACE

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Absolute Clean Energy PCL
SET:ACE
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Price: 1.43 THB -1.38% Market Closed
Market Cap: 14.6B THB
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Relative Value

The Relative Value of one ACE stock under the Base Case scenario is 2.25 THB. Compared to the current market price of 1.43 THB, Absolute Clean Energy PCL is Undervalued by 37%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ACE Relative Value
Base Case
2.25 THB
Undervaluation 37%
Relative Value
Price
A
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
81
vs Industry
39
Median 3Y
3.6
Median 5Y
4.4
Industry
1.7
Forward
1.5
vs History
71
vs Industry
45
Median 3Y
18.5
Median 5Y
19.3
Industry
15.1
Forward
10
vs History
85
vs Industry
46
Median 3Y
13.5
Median 5Y
15.5
Industry
7
vs History
6
vs Industry
14
Median 3Y
38.7
Median 5Y
26.8
Industry
13.7
vs History
88
vs Industry
66
Median 3Y
1.7
Median 5Y
2.2
Industry
1.4
vs History
75
vs Industry
47
Median 3Y
4.1
Median 5Y
4.9
Industry
2.8
Forward
2.1
vs History
75
vs Industry
33
Median 3Y
15.2
Median 5Y
16.1
Industry
7.5
vs History
76
vs Industry
51
Median 3Y
13.1
Median 5Y
13.9
Industry
10.2
Forward
5.5
vs History
73
vs Industry
45
Median 3Y
19.1
Median 5Y
20.2
Industry
14.7
Forward
7.6
vs History
78
vs Industry
55
Median 3Y
15.1
Median 5Y
17.7
Industry
11
vs History
vs Industry
6
Median 3Y
-18.2
Median 5Y
36.8
Industry
15.3
vs History
86
vs Industry
54
Median 3Y
1.5
Median 5Y
1.8
Industry
0.9

Multiples Across Competitors

ACE Competitors Multiples
Absolute Clean Energy PCL Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
TH
Absolute Clean Energy PCL
SET:ACE
14.4B THB 2.3 15.1 9.5 15.6
CN
China Yangtze Power Co Ltd
SSE:600900
688.8B CNY 8.4 23.2 21.3 21.3
ID
Barito Renewables Energy PT Tbk
IDX:BREN
1 180.7T IDR 177.5 964.7 244.9 244.9
IN
Adani Green Energy Ltd
NSE:ADANIGREEN
3.2T INR 32.1 259.3 45.4 60.4
CN
Huaneng Lancang River Hydropower Inc
SSE:600025
184.3B CNY 7.1 23.3 22 22
ES
EDP Renovaveis SA
ELI:EDPR
15.8B EUR 4.8 18.1 17.4 17.4
CN
China Three Gorges Renewables Group Co Ltd
SSE:600905
117.1B CNY 4.3 16.3 20.5 20.5
CN
China Longyuan Power Group Corp Ltd
HKEX:916
120.1B HKD 2.9 17.4 9.4 18
CN
Sichuan Chuantou Energy Co Ltd
SSE:600674
83.8B CNY 54.5 18.2 275.2 275.2
IN
NHPC Ltd
NSE:NHPC
950.8B INR 9.9 26.3 24.7 32.7
NZ
Meridian Energy Ltd
NZX:MEL
15.7B NZD 3.2 36.6 24.7 24.7

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