Banpu Power PCL (SET:BPP)

Watchlist Manager

Watchlist

Price: 11.5 THB

Market Cap: 35B THB

Have any thoughts about
Banpu Power PCL?

Write Note

Section:

Relative Value

The Relative Value of one BPP stock under the Base Case scenario is 26.01 THB. Compared to the current market price of 11.5 THB, Banpu Power PCL is Undervalued by 56%.

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.

What is Relative Valuation?

How is Relative Value calculated?

BPP Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.9

P/S

vs History	98
vs Industry	55

Median 5Y

5.3

Industry

1.7

Forward

1.1

More Details

9.9

P/E

vs History	60
vs Industry	55

Median 5Y

11.2

Industry

15.1

Forward

9.3

More Details

6.6

P/OCF

vs History	60
vs Industry	30

Median 5Y

11.2

Industry

7.1

More Details

1.7

P/FCFE

vs History	50
vs Industry	56

Median 5Y

1.8

Industry

13.9

More Details

0.7

P/B

vs History	98
vs Industry	73

Median 5Y

Industry

1.4

More Details

1.8

EV/S

vs History	98
vs Industry	55

Median 5Y

5.3

Industry

2.8

Forward

2.1

More Details

5.7

EV/GP

vs History	88
vs Industry	56

Median 5Y

Industry

7.6

More Details

5.7

EV/EBITDA

vs History	98
vs Industry	64

Median 5Y

52.6

Industry

10.5

Forward

14.4

More Details

6.7

EV/EBIT

vs History	65
vs Industry	66

Median 5Y

8.1

Industry

14.9

Forward

14.6

More Details

12.5

EV/OCF

vs History	60
vs Industry	23

Median 5Y

18.6

Industry

11.2

More Details

14.3

EV/FCFF

vs History	41
vs Industry	20

Median 5Y

-20.1

Industry

16.4

More Details

0.7

EV/IC

vs History	98
vs Industry	64

Median 5Y

0.8

Industry

0.9

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
TH	B	Banpu Power PCL SET:BPP	35B THB	0.9	9.9	5.7	6.7
DE		Uniper SE XETRA:UN01	562.9B EUR	2.1	-29.7	-142.5	-87.5
SA		ACWA Power Co SAU:2082	284.5B SAR	46.1	149.4	114.5	139.2
US		Vistra Corp NYSE:VST	47.2B USD	2.9	25.5	10.2	17.1
IN		NTPC Ltd NSE:NTPC	3.6T INR	2	16.4	10.6	15.8
CN		CGN Power Co Ltd SZSE:003816	203.5B CNY	2.5	18.7	15.3	15.3
CN		China National Nuclear Power Co Ltd SSE:601985	186.2B CNY	2.4	17.9	16.5	16.5
IN		Adani Power Ltd NSE:ADANIPOWER	2.1T INR	3.9	16.7	11.2	13.8
TH	G	Gulf Energy Development PCL SET:GULF	756.8B THB	6.4	46.3	41	50.4
CN		SDIC Power Holdings Co Ltd SSE:600886	114.9B CNY	2	16.6	13.8	13.8
IN		JSW Energy Ltd NSE:JSWENERGY	1.3T INR	11.2	65.4	27.7	39.4

				Revenue Growth
TH	B	Banpu Power PCL SET:BPP	Average P/S: 7.5 0.9	-3%
DE		Uniper SE XETRA:UN01	2.1	-1%
SA		ACWA Power Co SAU:2082	46.1	63%
US		Vistra Corp NYSE:VST	2.9	36%
IN		NTPC Ltd NSE:NTPC	2	24%
CN		CGN Power Co Ltd SZSE:003816	2.5	20%
CN		China National Nuclear Power Co Ltd SSE:601985	2.4	24%
IN		Adani Power Ltd NSE:ADANIPOWER	3.9	N/A
TH	G	Gulf Energy Development PCL SET:GULF	6.4	30%
CN		SDIC Power Holdings Co Ltd SSE:600886	2	19%
IN		JSW Energy Ltd NSE:JSWENERGY	11.2	72%

				Earnings Growth
TH	B	Banpu Power PCL SET:BPP	Average P/E: 38.3 9.9	-10%
DE		Uniper SE XETRA:UN01	Negative Multiple: -29.7	N/A
SA		ACWA Power Co SAU:2082	149.4	48%
US		Vistra Corp NYSE:VST	25.5	115%
IN		NTPC Ltd NSE:NTPC	16.4	28%
CN		CGN Power Co Ltd SZSE:003816	18.7	27%
CN		China National Nuclear Power Co Ltd SSE:601985	17.9	25%
IN		Adani Power Ltd NSE:ADANIPOWER	16.7	N/A
TH	G	Gulf Energy Development PCL SET:GULF	46.3	57%
CN		SDIC Power Holdings Co Ltd SSE:600886	16.6	41%
IN		JSW Energy Ltd NSE:JSWENERGY	65.4	131%

				EBITDA Growth
TH	B	Banpu Power PCL SET:BPP	Average EV/EBITDA: 26.6 5.7	-50%
DE		Uniper SE XETRA:UN01	Negative Multiple: -142.5	N/A
SA		ACWA Power Co SAU:2082	114.5	108%
US		Vistra Corp NYSE:VST	10.2	37%
IN		NTPC Ltd NSE:NTPC	10.6	36%
CN		CGN Power Co Ltd SZSE:003816	15.3	111%
CN		China National Nuclear Power Co Ltd SSE:601985	16.5	105%
IN		Adani Power Ltd NSE:ADANIPOWER	11.2	N/A
TH	G	Gulf Energy Development PCL SET:GULF	41	71%
CN		SDIC Power Holdings Co Ltd SSE:600886	13.8	135%
IN		JSW Energy Ltd NSE:JSWENERGY	27.7	108%

				EBIT Growth
TH	B	Banpu Power PCL SET:BPP	Average EV/EBIT: 32.8 6.7	-39%
DE		Uniper SE XETRA:UN01	Negative Multiple: -87.5	N/A
SA		ACWA Power Co SAU:2082	139.2	120%
US		Vistra Corp NYSE:VST	17.1	53%
IN		NTPC Ltd NSE:NTPC	15.8	51%
CN		CGN Power Co Ltd SZSE:003816	15.3	19%
CN		China National Nuclear Power Co Ltd SSE:601985	16.5	21%
IN		Adani Power Ltd NSE:ADANIPOWER	13.8	N/A
TH	G	Gulf Energy Development PCL SET:GULF	50.4	75%
CN		SDIC Power Holdings Co Ltd SSE:600886	13.8	29%
IN		JSW Energy Ltd NSE:JSWENERGY	39.4	109%

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Estee Lauder Companies Inc NYSE:EL	Consumer products
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Church & Dwight Co Inc NYSE:CHD	Consumer products
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	American Express Co NYSE:AXP	Financial Services
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	3M Co NYSE:MMM	Industrial Conglomerates
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Target Corp NYSE:TGT	Retail
US	Walt Disney Co NYSE:DIS	Media
US	Mueller Industries Inc NYSE:MLI	Machinery
US	PayPal Holdings Inc NASDAQ:PYPL	Technology

Banpu Power PCL
SET:BPP

Relative Value

Valuation Multiples

Multiples Across Competitors

BPP Competitors Multiples
Banpu Power PCL Competitors

See Also

Company

Help

Tools

Stocks

52 Week Range	11.4 15
Price Target

Banpu Power PCL SET:BPP

Relative Value

Valuation Multiples

Multiples Across Competitors

BPP Competitors Multiples Banpu Power PCL Competitors

See Also

Company

Help

Tools

Stocks

Banpu Power PCL
SET:BPP

BPP Competitors Multiples
Banpu Power PCL Competitors