Central Pattana PCL (SET:CPN)

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Price: 60 THB -1.23%

Market Cap: 269.3B THB

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Section:

Relative Value

The Relative Value of one CPN stock under the Base Case scenario is 126.23 THB. Compared to the current market price of 60 THB, Central Pattana PCL is Undervalued by 52%.

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?

CPN Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

5.5

P/S

vs History	84
vs Industry	36

Median 5Y

7.4

Industry

3.7

Forward

5.3

More Details

P/E

vs History	82
vs Industry	31

Median 5Y

21.9

Industry

16.6

Forward

16.1

More Details

7.2

P/OCF

vs History	92
vs Industry	35

Median 5Y

17.9

Industry

11.2

More Details

11.3

P/FCFE

vs History	63
vs Industry	18

Median 5Y

12.4

Industry

13.3

More Details

2.8

P/B

vs History	82
vs Industry	11

Median 5Y

3.3

Industry

0.9

More Details

7.6

EV/S

vs History	76
vs Industry	43

Median 5Y

9.9

Industry

6.7

Forward

7.3

More Details

EV/GP

vs History	80
vs Industry	36

Median 5Y

Industry

More Details

12.9

EV/EBITDA

vs History	79
vs Industry	47

Median 5Y

17.2

Industry

Forward

12.3

More Details

18.6

EV/EBIT

vs History	82
vs Industry	36

Median 5Y

28.4

Industry

19.2

Forward

18.1

More Details

EV/OCF

vs History	92
vs Industry	41

Median 5Y

23.9

Industry

18.6

More Details

10.2

EV/FCFF

vs History	92
vs Industry	36

Median 5Y

25.3

Industry

More Details

1.3

EV/IC

vs History	73
vs Industry	16

Median 5Y

1.4

Industry

0.7

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		Central Pattana PCL SET:CPN	269.3B THB	5.5	16	12.9	18.6
DE		Vonovia SE XETRA:VNA	25.8B EUR	53.5	-9.1	-36.3	-32.5
PH	S	SM Prime Holdings Inc XPHS:SMPH	779.1B PHP	5.9	18.3	13.6	16.6
HK	S	Swire Properties Ltd HKEX:1972	92B HKD	6.3	41.6	14.9	14.9
DE		Deutsche Wohnen SE XETRA:DWNI	9.8B EUR	8.2	-39.8	16.9	24.4
SG		Capitaland Investment Ltd SGX:9CI	13.7B SGD	4.9	75.5	23.3	27.3
BM		Hongkong Land Holdings Ltd SGX:H78	10.1B USD	4.7	-9.4	23.5	24
SE	S	Sagax AB STO:SAGA A	111.5B SEK	23.2	29.2	36	36
IL		Azrieli Group Ltd TASE:AZRG	35.1B ILS	11.6	17.1	17.9	18.3
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	70.6B CNY	5	26.3	23.6	23.6
SE		Fastighets AB Balder STO:BALD B	97.3B SEK	7.7	-19.9	35.4	35.9

				Revenue Growth
TH		Central Pattana PCL SET:CPN	Average P/S: 12.4 5.5	28%
DE		Vonovia SE XETRA:VNA	53.5	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	5.9	31%
HK	S	Swire Properties Ltd HKEX:1972	6.3	17%
DE		Deutsche Wohnen SE XETRA:DWNI	8.2	16%
SG		Capitaland Investment Ltd SGX:9CI	4.9	9%
BM		Hongkong Land Holdings Ltd SGX:H78	4.7	7%
SE	S	Sagax AB STO:SAGA A	23.2	40%
IL		Azrieli Group Ltd TASE:AZRG	11.6	-6%
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	5	81%
SE		Fastighets AB Balder STO:BALD B	7.7	16%

				Earnings Growth
TH		Central Pattana PCL SET:CPN	Average P/E: 32 16	27%
DE		Vonovia SE XETRA:VNA	Negative Multiple: -9.1	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	18.3	35%
HK	S	Swire Properties Ltd HKEX:1972	41.6	226%
DE		Deutsche Wohnen SE XETRA:DWNI	Negative Multiple: -39.8	N/A
SG		Capitaland Investment Ltd SGX:9CI	75.5	375%
BM		Hongkong Land Holdings Ltd SGX:H78	Negative Multiple: -9.4	N/A
SE	S	Sagax AB STO:SAGA A	29.2	N/A
IL		Azrieli Group Ltd TASE:AZRG	17.1	-36%
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	26.3	59%
SE		Fastighets AB Balder STO:BALD B	Negative Multiple: -19.9	N/A

				EBITDA Growth
TH		Central Pattana PCL SET:CPN	Average EV/EBITDA: 21.8 12.9	33%
DE		Vonovia SE XETRA:VNA	Negative Multiple: -36.3	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	13.6	32%
HK	S	Swire Properties Ltd HKEX:1972	14.9	27%
DE		Deutsche Wohnen SE XETRA:DWNI	16.9	21%
SG		Capitaland Investment Ltd SGX:9CI	23.3	74%
BM		Hongkong Land Holdings Ltd SGX:H78	23.5	7%
SE	S	Sagax AB STO:SAGA A	36	55%
IL		Azrieli Group Ltd TASE:AZRG	17.9	39%
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	23.6	202%
SE		Fastighets AB Balder STO:BALD B	35.4	82%

				EBIT Growth
TH		Central Pattana PCL SET:CPN	Average EV/EBIT: 24 18.6	35%
DE		Vonovia SE XETRA:VNA	Negative Multiple: -32.5	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	16.6	34%
HK	S	Swire Properties Ltd HKEX:1972	14.9	28%
DE		Deutsche Wohnen SE XETRA:DWNI	24.4	313%
SG		Capitaland Investment Ltd SGX:9CI	27.3	115%
BM		Hongkong Land Holdings Ltd SGX:H78	24	0%
SE	S	Sagax AB STO:SAGA A	36	72%
IL		Azrieli Group Ltd TASE:AZRG	18.3	44%
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	23.6	149%
SE		Fastighets AB Balder STO:BALD B	35.9	99%

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Central Pattana PCL
SET:CPN

Relative Value

Valuation Multiples

Multiples Across Competitors

CPN Competitors Multiples
Central Pattana PCL Competitors

See Also

Company

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52 Week Range	52.75 70
Price Target

Central Pattana PCL SET:CPN

Relative Value

Valuation Multiples

Multiples Across Competitors

CPN Competitors Multiples Central Pattana PCL Competitors

See Also

Company

Help

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Central Pattana PCL
SET:CPN

CPN Competitors Multiples
Central Pattana PCL Competitors