Gunkul Engineering PCL (SET:GUNKUL)

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Price: 2.86 THB -2.72%

Market Cap: 25.2B THB

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Section:

Relative Value

The Relative Value of one GUNKUL stock under the Base Case scenario is 5.23 THB. Compared to the current market price of 2.86 THB, Gunkul Engineering PCL is Undervalued by 45%.

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?

GUNKUL Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

2.8

P/S

vs History	73
vs Industry	32

Median 5Y

3.6

Industry

1.7

Forward

2.9

More Details

18.5

P/E

vs History	14
vs Industry	36

Median 5Y

12.1

Industry

15.1

Forward

15.7

More Details

13.3

P/OCF

vs History	46
vs Industry	18

Median 5Y

12.2

Industry

More Details

58.4

P/FCFE

vs History	9
vs Industry	3

Median 5Y

-6.4

Industry

13.7

More Details

1.8

P/B

vs History	71
vs Industry	41

Median 5Y

2.2

Industry

1.4

More Details

4.1

EV/S

vs History	92
vs Industry	34

Median 5Y

5.7

Industry

2.8

Forward

4.2

More Details

13.2

EV/GP

vs History	60
vs Industry	25

Median 5Y

Industry

7.5

More Details

14.1

EV/EBITDA

vs History	50
vs Industry	28

Median 5Y

14.4

Industry

10.2

Forward

13.4

More Details

23.3

EV/EBIT

vs History	49
vs Industry	20

Median 5Y

23.7

Industry

14.7

Forward

20.7

More Details

19.5

EV/OCF

vs History	42
vs Industry	16

Median 5Y

17.9

Industry

More Details

39.5

EV/FCFF

vs History	14
vs Industry	17

Median 5Y

18.2

Industry

15.3

More Details

1.2

EV/IC

vs History	50
vs Industry	30

Median 5Y

1.2

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	G	Gunkul Engineering PCL SET:GUNKUL	24.6B THB	2.8	18.5	14.1	23.3
CN		China Yangtze Power Co Ltd SSE:600900	688.8B CNY	8.4	23.2	21.3	21.3
ID	B	Barito Renewables Energy PT Tbk IDX:BREN	1 180.7T IDR	177.5	964.7	244.9	244.9
IN		Adani Green Energy Ltd NSE:ADANIGREEN	3.2T INR	32.1	259.3	45.4	60.4
CN		Huaneng Lancang River Hydropower Inc SSE:600025	184.3B CNY	7.1	23.3	22	22
ES	E	EDP Renovaveis SA ELI:EDPR	15.8B EUR	4.8	18.1	17.4	17.4
CN		China Three Gorges Renewables Group Co Ltd SSE:600905	117.1B CNY	4.3	16.3	20.5	20.5
CN		China Longyuan Power Group Corp Ltd HKEX:916	120.1B HKD	2.9	17.4	9.4	18
CN		Sichuan Chuantou Energy Co Ltd SSE:600674	83.8B CNY	54.5	18.2	275.2	275.2
IN		NHPC Ltd NSE:NHPC	950.8B INR	9.9	26.3	24.7	32.7
NZ		Meridian Energy Ltd NZX:MEL	15.7B NZD	3.2	36.6	24.7	24.7

				Revenue Growth
TH	G	Gunkul Engineering PCL SET:GUNKUL	Average P/S: 27.9 2.8	37%
CN		China Yangtze Power Co Ltd SSE:600900	8.4	18%
ID	B	Barito Renewables Energy PT Tbk IDX:BREN	177.5	N/A
IN		Adani Green Energy Ltd NSE:ADANIGREEN	32.1	173%
CN		Huaneng Lancang River Hydropower Inc SSE:600025	7.1	29%
ES	E	EDP Renovaveis SA ELI:EDPR	4.8	36%
CN		China Three Gorges Renewables Group Co Ltd SSE:600905	4.3	61%
CN		China Longyuan Power Group Corp Ltd HKEX:916	2.9	29%
CN		Sichuan Chuantou Energy Co Ltd SSE:600674	54.5	30%
IN		NHPC Ltd NSE:NHPC	9.9	96%
NZ		Meridian Energy Ltd NZX:MEL	3.2	N/A

				Earnings Growth
TH	G	Gunkul Engineering PCL SET:GUNKUL	Average P/E: 129.3 18.5	26%
CN		China Yangtze Power Co Ltd SSE:600900	23.2	39%
ID	B	Barito Renewables Energy PT Tbk IDX:BREN	964.7	N/A
IN		Adani Green Energy Ltd NSE:ADANIGREEN	259.3	471%
CN		Huaneng Lancang River Hydropower Inc SSE:600025	23.3	53%
ES	E	EDP Renovaveis SA ELI:EDPR	18.1	125%
CN		China Three Gorges Renewables Group Co Ltd SSE:600905	16.3	56%
CN		China Longyuan Power Group Corp Ltd HKEX:916	17.4	-36%
CN		Sichuan Chuantou Energy Co Ltd SSE:600674	18.2	31%
IN		NHPC Ltd NSE:NHPC	26.3	74%
NZ		Meridian Energy Ltd NZX:MEL	36.6	N/A

				EBITDA Growth
TH	G	Gunkul Engineering PCL SET:GUNKUL	Average EV/EBITDA: 65.4 14.1	44%
CN		China Yangtze Power Co Ltd SSE:600900	21.3	77%
ID	B	Barito Renewables Energy PT Tbk IDX:BREN	244.9	N/A
IN		Adani Green Energy Ltd NSE:ADANIGREEN	45.4	195%
CN		Huaneng Lancang River Hydropower Inc SSE:600025	22	91%
ES	E	EDP Renovaveis SA ELI:EDPR	17.4	341%
CN		China Three Gorges Renewables Group Co Ltd SSE:600905	20.5	211%
CN		China Longyuan Power Group Corp Ltd HKEX:916	9.4	34%
CN		Sichuan Chuantou Energy Co Ltd SSE:600674	275.2	1 693%
IN		NHPC Ltd NSE:NHPC	24.7	159%
NZ		Meridian Energy Ltd NZX:MEL	24.7	N/A

				EBIT Growth
TH	G	Gunkul Engineering PCL SET:GUNKUL	Average EV/EBIT: 69.1 23.3	60%
CN		China Yangtze Power Co Ltd SSE:600900	21.3	27%
ID	B	Barito Renewables Energy PT Tbk IDX:BREN	244.9	N/A
IN		Adani Green Energy Ltd NSE:ADANIGREEN	60.4	N/A
CN		Huaneng Lancang River Hydropower Inc SSE:600025	22	46%
ES	E	EDP Renovaveis SA ELI:EDPR	17.4	169%
CN		China Three Gorges Renewables Group Co Ltd SSE:600905	20.5	64%
CN		China Longyuan Power Group Corp Ltd HKEX:916	18	34%
CN		Sichuan Chuantou Energy Co Ltd SSE:600674	275.2	805%
IN		NHPC Ltd NSE:NHPC	32.7	168%
NZ		Meridian Energy Ltd NZX:MEL	24.7	N/A

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Gunkul Engineering PCL
SET:GUNKUL

Relative Value

Valuation Multiples

Multiples Across Competitors

GUNKUL Competitors Multiples
Gunkul Engineering PCL Competitors

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52 Week Range	1.95 3.48
Price Target

Gunkul Engineering PCL SET:GUNKUL

Relative Value

Valuation Multiples

Multiples Across Competitors

GUNKUL Competitors Multiples Gunkul Engineering PCL Competitors

See Also

Company

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Gunkul Engineering PCL
SET:GUNKUL

GUNKUL Competitors Multiples
Gunkul Engineering PCL Competitors