Electricity Generating PCL (SET:EGCO)

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Price: 112.5 THB -0.44%

Market Cap: 59.2B THB

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Section:

Relative Value

The Relative Value of one EGCO stock under the Base Case scenario is 182.94 THB. Compared to the current market price of 112.5 THB, Electricity Generating PCL is Undervalued by 39%.

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?

EGCO Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

1.4

P/S

vs History	68
vs Industry	55

Median 5Y

2.1

Industry

1.7

Forward

1.3

More Details

Negative

P/E

vs History
vs Industry	49

Median 5Y

11.6

Industry

15.1

Forward

7.3

More Details

6.5

P/OCF

vs History	76
vs Industry	47

Median 5Y

Industry

7.1

More Details

3.7

P/FCFE

vs History	85
vs Industry	52

Median 5Y

6.9

Industry

13.9

More Details

0.5

P/B

vs History	79
vs Industry	81

Median 5Y

0.7

Industry

1.4

More Details

2.8

EV/S

vs History	69
vs Industry	50

Median 5Y

3.9

Industry

2.8

Forward

2.7

More Details

14.7

EV/GP

vs History	76
vs Industry	23

Median 5Y

17.2

Industry

7.6

More Details

Negative

EV/EBITDA

vs History
vs Industry	33

Median 5Y

15.5

Industry

10.5

Forward

12.1

More Details

Negative

EV/EBIT

vs History
vs Industry	31

Median 5Y

22.4

Industry

14.9

Forward

23.3

More Details

13.1

EV/OCF

vs History	65
vs Industry	35

Median 5Y

14.3

Industry

11.2

More Details

EV/FCFF

vs History	63
vs Industry	28

Median 5Y

15.9

Industry

16.4

More Details

0.6

EV/IC

vs History	84
vs Industry	78

Median 5Y

0.7

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	E	Electricity Generating PCL SET:EGCO	59.2B THB	1.4	-6.7	-33.4	-18
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	E	Electricity Generating PCL SET:EGCO	Average P/S: 7.5 1.4	-24%
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	E	Electricity Generating PCL SET:EGCO	Average P/E: 41.4 Negative Multiple: -6.7	N/A
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	E	Electricity Generating PCL SET:EGCO	Average EV/EBITDA: 29 Negative Multiple: -33.4	-16%
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	E	Electricity Generating PCL SET:EGCO	Average EV/EBIT: 35.7 Negative Multiple: -18	-32%
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%

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Electricity Generating PCL
SET:EGCO

Relative Value

Valuation Multiples

Multiples Across Competitors

EGCO Competitors Multiples
Electricity Generating PCL Competitors

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Company

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Price Target

Electricity Generating PCL SET:EGCO

Relative Value

Valuation Multiples

Multiples Across Competitors

EGCO Competitors Multiples Electricity Generating PCL Competitors

See Also

Company

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Electricity Generating PCL
SET:EGCO

EGCO Competitors Multiples
Electricity Generating PCL Competitors