B

BGrimm Power PCL
SET:BGRIM

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BGrimm Power PCL
SET:BGRIM
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Price: 12.2 THB
Market Cap: ฿31.8B

P/B

1
Current
38%
Cheaper
vs 3-y median of 1.5

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1
=
Market Cap
฿39.9B
/
Total Equity
฿33.4B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1
=
Market Cap
฿39.9B
/
Total Equity
฿33.4B

Valuation Scenarios

BGrimm Power PCL is trading below its 3-year average

If P/B returns to its 3-Year Average (1.5), the stock would be worth ฿19.8 (62% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-28%
Maximum Upside
+147%
Average Upside
47%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1 ฿12.2
0%
3-Year Average 1.5 ฿19.8
+62%
5-Year Average 2.3 ฿30.1
+147%
Industry Average 0.7 ฿8.84
-28%
Country Average 1 ฿12.97
+6%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
TH
BGrimm Power PCL
SET:BGRIM
31.8B THB 1 42.1
US
Vistra Corp
NYSE:VST
55.3B USD 10.8 73.5
SA
ACWA Power Co
SAU:2082
184.5B SAR 6.4 99.6
IN
NTPC Ltd
NSE:NTPC
3.8T INR 2 16
IN
Adani Power Ltd
NSE:ADANIPOWER
3.8T INR 6.7 34.4
CN
CGN Power Co Ltd
SZSE:003816
221.7B CNY 1.8 22.7
TH
Gulf Energy Development PCL
SET:GULF
862.8B THB 6.9 40.3
CN
China National Nuclear Power Co Ltd
SSE:601985
178.7B CNY 1.5 20.8
DE
Uniper SE
XETRA:UN0
16.6B EUR 1.4 11.9
US
Talen Energy Corp
NASDAQ:TLN
16.7B USD 15.4 -77
CN
SDIC Power Holdings Co Ltd
SSE:600886
105.7B CNY 1.5 16.2

Market Distribution

In line with most companies in Thailand
Percentile
46th
Based on 398 companies
46th percentile
1
Low
0.1 — 0.7
Typical Range
0.7 — 1.6
High
1.6 —
Distribution Statistics
Thailand
Min 0.1
30th Percentile 0.7
Median 1
70th Percentile 1.6
Max 30.3

BGrimm Power PCL
Glance View

Market Cap
31.8B THB
Industry
Utilities

BGrimm Power PCL emerged from the shadows of Thailand's industrial landscape as a pivotal player in the Southeast Asian energy sector. With roots tracing back to the 19th century in Bangkok, BGrimm originally embarked on its journey as a trading firm, gradually evolving into a powerhouse in power generation. Today, it operates a diversified portfolio of power plants, with a robust focus on natural gas, renewable energy, and combined heat and power projects. The company’s operations primarily hinge upon producing and supplying electricity to Thailand's stable yet ambitious industrial sector, serving a multitude of clients through long-term contracts. This business model not only ensures consistent revenue streams but also aligns BGrimm with sustainable development goals, as a significant portion of its investments are channeled into renewable energy projects including solar and wind. At the heart of BGrimm's strategy lies a mission to harness its engineering prowess and financial acumen to tap into the evolving energy demands of Thailand and its neighbors. The company generates income by selling electricity to both government-owned and private utilities, leveraging power purchase agreements that often extend for decades, thus guaranteeing financial stability and predictability. Furthermore, their commitment to expanding in international markets, particularly in countries with burgeoning energy needs, poises them for future growth. By steadily expanding their footprint in the region, BGrimm Power PCL not only reinforces its status in the power generation arena but also reflects a vision deeply embedded in regional collaborations and sustainable energy transformation.

BGRIM Intrinsic Value
23.67 THB
Undervaluation 48%
Intrinsic Value
Price ฿12.2
B
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