P

Pan Asia Footwear PCL
SET:PAF

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Pan Asia Footwear PCL
SET:PAF
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Price: 0.92 THB 4.55%
Market Cap: 496.8m THB
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Relative Value

The Relative Value of one PAF stock under the Base Case scenario is 1.56 THB. Compared to the current market price of 0.92 THB, Pan Asia Footwear PCL is Undervalued by 41%.

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.

PAF Relative Value
Base Case
1.56 THB
Undervaluation 41%
Relative Value
Price
P
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
83
Median 3Y
0.3
Median 5Y
0.4
Industry
1
vs History
vs Industry
3
Median 3Y
22.4
Median 5Y
7.6
Industry
18.7
vs History
vs Industry
38
Median 3Y
6.1
Median 5Y
6.1
Industry
10.1
vs History
vs Industry
16
Median 3Y
-5.2
Median 5Y
-5.2
Industry
17.3
vs History
69
vs Industry
48
Median 3Y
1.2
Median 5Y
1.2
Industry
1.4
vs History
98
vs Industry
84
Median 3Y
0.4
Median 5Y
0.5
Industry
1.2
vs History
82
vs Industry
34
Median 3Y
8
Median 5Y
6.4
Industry
4.1
vs History
36
vs Industry
28
Median 3Y
15.7
Median 5Y
15.1
Industry
11
vs History
3
vs Industry
13
Median 3Y
26.6
Median 5Y
5.9
Industry
14.3
vs History
vs Industry
40
Median 3Y
6.5
Median 5Y
6.5
Industry
11
vs History
vs Industry
26
Median 3Y
-5.5
Median 5Y
3.7
Industry
13.4
vs History
69
vs Industry
46
Median 3Y
1
Median 5Y
1
Industry
1.1

Multiples Across Competitors

PAF Competitors Multiples
Pan Asia Footwear PCL Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
TH
Pan Asia Footwear PCL
SET:PAF
475.2m THB 0.2 -30.7 15.3 1 770.1
US
Nike Inc
NYSE:NKE
114.5B USD 2.3 23.4 18 20.6
US
Deckers Outdoor Corp
NYSE:DECK
32.1B USD 6.9 36.6 27.1 28.8
CH
On Holding AG
NYSE:ONON
18.3B USD 7.6 129.6 53.9 80
JP
Asics Corp
TSE:7936
2.2T JPY 3.4 36.8 20 24.1
CN
Huali Industrial Group Co Ltd
SZSE:300979
87.5B CNY 3.8 23.3 17.1 17.1
UK
Birkenstock Holding PLC
NYSE:BIRK
11.3B USD 6 56.7 22 27.1
US
Skechers USA Inc
NYSE:SKX
10.2B USD 1.2 16.3 8.4 10.4
DE
Puma SE
XETRA:PUM
6.8B EUR 0.8 26.1 13 13
US
Crocs Inc
NASDAQ:CROX
6.5B USD 1.6 7.8 7.1 7.5
TW
Feng Tay Enterprises Co Ltd
TWSE:9910
130.3B TWD 1.5 23.2 12.3 17.1
P/E Multiple
Earnings Growth P/E to Growth
TH
P
Pan Asia Footwear PCL
SET:PAF
Average P/E: 38
Negative Multiple: -30.7
N/A N/A
US
Nike Inc
NYSE:NKE
23.4
-5%
N/A
US
Deckers Outdoor Corp
NYSE:DECK
36.6
49%
0.7
CH
On Holding AG
NYSE:ONON
129.6
456%
0.3
JP
Asics Corp
TSE:7936
36.8
149%
0.2
CN
Huali Industrial Group Co Ltd
SZSE:300979
23.3
60%
0.4
UK
Birkenstock Holding PLC
NYSE:BIRK
56.7
N/A N/A
US
Skechers USA Inc
NYSE:SKX
16.3
61%
0.3
DE
Puma SE
XETRA:PUM
26.1
62%
0.4
US
Crocs Inc
NASDAQ:CROX
7.8
2%
4.1
TW
Feng Tay Enterprises Co Ltd
TWSE:9910
23.2
66%
0.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
P
Pan Asia Footwear PCL
SET:PAF
Average EV/EBITDA: 19.5
15.3
N/A N/A
US
Nike Inc
NYSE:NKE
18
-5%
N/A
US
Deckers Outdoor Corp
NYSE:DECK
27.1
49%
0.6
CH
On Holding AG
NYSE:ONON
53.9
172%
0.3
JP
Asics Corp
TSE:7936
20
109%
0.2
CN
Huali Industrial Group Co Ltd
SZSE:300979
17.1
91%
0.2
UK
Birkenstock Holding PLC
NYSE:BIRK
22
N/A N/A
US
Skechers USA Inc
NYSE:SKX
8.4
49%
0.2
DE
Puma SE
XETRA:PUM
13
30%
0.4
US
Crocs Inc
NASDAQ:CROX
7.1
3%
2.5
TW
Feng Tay Enterprises Co Ltd
TWSE:9910
12.3
61%
0.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
TH
P
Pan Asia Footwear PCL
SET:PAF
Average EV/EBIT: 183.3
1 770.1
N/A N/A
US
Nike Inc
NYSE:NKE
20.6
-4%
N/A
US
Deckers Outdoor Corp
NYSE:DECK
28.8
48%
0.6
CH
On Holding AG
NYSE:ONON
80
172%
0.5
JP
Asics Corp
TSE:7936
24.1
N/A N/A
CN
Huali Industrial Group Co Ltd
SZSE:300979
17.1
65%
0.3
UK
Birkenstock Holding PLC
NYSE:BIRK
27.1
N/A N/A
US
Skechers USA Inc
NYSE:SKX
10.4
56%
0.2
DE
Puma SE
XETRA:PUM
13
42%
0.3
US
Crocs Inc
NASDAQ:CROX
7.5
2%
4.8
TW
Feng Tay Enterprises Co Ltd
TWSE:9910
17.1
73%
0.2

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