Carabao Group PCL (SET:CBG)

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Price: 78.5 THB 1.29%

Market Cap: 78.5B THB

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Section:

Relative Value

The Relative Value of one CBG stock under the Base Case scenario is 94.93 THB. Compared to the current market price of 78.5 THB, Carabao Group PCL is Undervalued by 17%.

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?

CBG Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

3.9

P/S

vs History	80
vs Industry	24

Median 5Y

5.3

Industry

1.7

Forward

3.7

More Details

P/E

vs History	87
vs Industry	18

Median 5Y

36.4

Industry

19.9

Forward

28.3

More Details

P/OCF

vs History	85
vs Industry	28

Median 5Y

31.4

Industry

13.6

More Details

52.2

P/FCFE

vs History	39
vs Industry	9

Median 5Y

49.4

Industry

21.4

More Details

6.8

P/B

vs History	77
vs Industry	12

Median 5Y

9.4

Industry

2.2

More Details

4.1

EV/S

vs History	80
vs Industry	22

Median 5Y

5.4

Industry

1.9

Forward

3.9

More Details

15.1

EV/GP

vs History	68
vs Industry	11

Median 5Y

16.3

Industry

5.1

More Details

19.4

EV/EBITDA

vs History	87
vs Industry	17

Median 5Y

25.4

Industry

12.2

Forward

19.1

More Details

24.1

EV/EBIT

vs History	87
vs Industry	16

Median 5Y

31.3

Industry

15.7

Forward

24.6

More Details

18.9

EV/OCF

vs History	85
vs Industry	30

Median 5Y

Industry

14.6

More Details

20.9

EV/FCFF

vs History	90
vs Industry	25

Median 5Y

44.1

Industry

20.3

More Details

4.7

EV/IC

vs History	76
vs Industry	15

Median 5Y

5.8

Industry

1.6

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	C	Carabao Group PCL SET:CBG	78.5B THB	3.9	29	19.4	24.1
US		Coca-Cola Co NYSE:KO	269.6B USD	5.8	25.9	20.1	21.7
US		PepsiCo Inc NASDAQ:PEP	209.8B USD	2.3	22.4	13.7	16.7
MX		Fomento Economico Mexicano SAB de CV NYSE:FMX	156.2B USD	3.4	120.7	29.3	44.5
CN		Nongfu Spring Co Ltd HKEX:9633	388B HKD	8.2	29	18.3	21.3
US		Monster Beverage Corp NASDAQ:MNST	50.3B USD	6.8	31.3	24	24.9
US		Keurig Dr Pepper Inc NASDAQ:KDP	43.9B USD	2.9	19.3	14.4	16.7
UK		Coca-Cola Europacific Partners PLC NASDAQ:CCEP	34.6B USD	1.7	20.6	13.4	18.4
IN		Varun Beverages Ltd NSE:VBL	2T INR	10.3	78.3	45.6	54.5
CN		Eastroc Beverage Group Co Ltd SSE:605499	126.2B CNY	8.3	40.8	33.5	33.5
MX		Coca-Cola Femsa SAB de CV NYSE:KOF	16.7B USD	1	12.5	6.4	7.9

				Revenue Growth	P/S to Growth
TH	C	Carabao Group PCL SET:CBG	Average P/S: 5 3.9	32%	0.1
US		Coca-Cola Co NYSE:KO	5.8	14%	0.4
US		PepsiCo Inc NASDAQ:PEP	2.3	9%	0.2
MX		Fomento Economico Mexicano SAB de CV NYSE:FMX	3.4	36%	0.1
CN		Nongfu Spring Co Ltd HKEX:9633	8.2	45%	0.2
US		Monster Beverage Corp NASDAQ:MNST	6.8	24%	0.3
US		Keurig Dr Pepper Inc NASDAQ:KDP	2.9	14%	0.2
UK		Coca-Cola Europacific Partners PLC NASDAQ:CCEP	1.7	25%	0.1
IN		Varun Beverages Ltd NSE:VBL	10.3	74%	0.1
CN		Eastroc Beverage Group Co Ltd SSE:605499	8.3	115%	0.1
MX		Coca-Cola Femsa SAB de CV NYSE:KOF	1	32%	0

				Earnings Growth	P/E to Growth
TH	C	Carabao Group PCL SET:CBG	Average P/E: 39.1 29	77%	0.4
US		Coca-Cola Co NYSE:KO	25.9	32%	0.8
US		PepsiCo Inc NASDAQ:PEP	22.4	41%	0.5
MX		Fomento Economico Mexicano SAB de CV NYSE:FMX	120.7	-71%	N/A
CN		Nongfu Spring Co Ltd HKEX:9633	29	38%	0.8
US		Monster Beverage Corp NASDAQ:MNST	31.3	26%	1.2
US		Keurig Dr Pepper Inc NASDAQ:KDP	19.3	37%	0.5
UK		Coca-Cola Europacific Partners PLC NASDAQ:CCEP	20.6	29%	0.7
IN		Varun Beverages Ltd NSE:VBL	78.3	108%	0.7
CN		Eastroc Beverage Group Co Ltd SSE:605499	40.8	147%	0.3
MX		Coca-Cola Femsa SAB de CV NYSE:KOF	12.5	-85%	N/A

				EBITDA Growth	EV/EBITDA to Growth
TH	C	Carabao Group PCL SET:CBG	Average EV/EBITDA: 21.7 19.4	61%	0.3
US		Coca-Cola Co NYSE:KO	20.1	24%	0.8
US		PepsiCo Inc NASDAQ:PEP	13.7	21%	0.6
MX		Fomento Economico Mexicano SAB de CV NYSE:FMX	29.3	56%	0.5
CN		Nongfu Spring Co Ltd HKEX:9633	18.3	37%	0.5
US		Monster Beverage Corp NASDAQ:MNST	24	30%	0.8
US		Keurig Dr Pepper Inc NASDAQ:KDP	14.4	35%	0.4
UK		Coca-Cola Europacific Partners PLC NASDAQ:CCEP	13.4	30%	0.4
IN		Varun Beverages Ltd NSE:VBL	45.6	78%	0.6
CN		Eastroc Beverage Group Co Ltd SSE:605499	33.5	188%	0.2
MX		Coca-Cola Femsa SAB de CV NYSE:KOF	6.4	43%	0.1

				EBIT Growth	EV/EBIT to Growth
TH	C	Carabao Group PCL SET:CBG	Average EV/EBIT: 25.8 24.1	76%	0.3
US		Coca-Cola Co NYSE:KO	21.7	25%	0.9
US		PepsiCo Inc NASDAQ:PEP	16.7	21%	0.8
MX		Fomento Economico Mexicano SAB de CV NYSE:FMX	44.5	55%	0.8
CN		Nongfu Spring Co Ltd HKEX:9633	21.3	37%	0.6
US		Monster Beverage Corp NASDAQ:MNST	24.9	30%	0.8
US		Keurig Dr Pepper Inc NASDAQ:KDP	16.7	40%	0.4
UK		Coca-Cola Europacific Partners PLC NASDAQ:CCEP	18.4	31%	0.6
IN		Varun Beverages Ltd NSE:VBL	54.5	85%	0.6
CN		Eastroc Beverage Group Co Ltd SSE:605499	33.5	160%	0.2
MX		Coca-Cola Femsa SAB de CV NYSE:KOF	7.9	40%	0.2

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
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	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication

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	Bank of America Corp NYSE:BAC	44.17 USD 1.82%
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	Home Depot Inc NYSE:HD	392.6 USD 1.97%

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	Salesforce Inc NYSE:CRM	343.65 USD 2.21%
	Accenture PLC NYSE:ACN	366.37 USD -1.56%
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Carabao Group PCL
SET:CBG

Relative Value

Valuation Multiples

Multiples Across Competitors

CBG Competitors Multiples
Carabao Group PCL Competitors

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52 Week Range	61.5 85.25
Price Target

Carabao Group PCL SET:CBG

Relative Value

Valuation Multiples

Multiples Across Competitors

CBG Competitors Multiples Carabao Group PCL Competitors

See Also

Company

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Carabao Group PCL
SET:CBG

CBG Competitors Multiples
Carabao Group PCL Competitors