T

Thanulux PCL
SET:TNL

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Thanulux PCL
SET:TNL
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Price: 36 THB Market Closed
Market Cap: 11B THB
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Relative Value

The Relative Value of one TNL stock under the Base Case scenario is 4.1 THB. Compared to the current market price of 36 THB, Thanulux PCL is Overvalued by 89%.

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.

TNL Relative Value
Base Case
4.1 THB
Overvaluation 89%
Relative Value
Price
T
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
3
vs Industry
7
Median 3Y
5.8
Median 5Y
1.9
Industry
1
vs History
57
vs Industry
31
Median 3Y
34.2
Median 5Y
34.6
Industry
18.7
vs History
vs Industry
Median 3Y
-4.3
Median 5Y
-4.3
Industry
10.1
vs History
vs Industry
Median 3Y
-3.6
Median 5Y
-12.3
Industry
17.3
vs History
17
vs Industry
53
Median 3Y
1
Median 5Y
0.7
Industry
1.4
vs History
3
vs Industry
8
Median 3Y
5.3
Median 5Y
1.3
Industry
1.2
vs History
vs Industry
9
Median 3Y
6.1
Median 5Y
4.4
Industry
4.1
vs History
vs Industry
3
Median 3Y
23.8
Median 5Y
26.8
Industry
11
vs History
vs Industry
2
Median 3Y
52.7
Median 5Y
-17
Industry
14.3
vs History
vs Industry
Median 3Y
-4.6
Median 5Y
-4.6
Industry
11
vs History
vs Industry
Median 3Y
-4.6
Median 5Y
-4.6
Industry
13.4
vs History
34
vs Industry
47
Median 3Y
0.9
Median 5Y
0.5
Industry
1.1

Multiples Across Competitors

TNL Competitors Multiples
Thanulux 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
Thanulux PCL
SET:TNL
11B THB 14.5 31.5 -48.9 -44.3
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
314.3B EUR 3.7 22.5 11.6 15.5
FR
Hermes International SCA
PAR:RMS
240.3B EUR 16.9 54 34.7 39.7
FR
Christian Dior SE
PAR:CDI
107.7B EUR 1.3 18.5 4.5 6
FR
EssilorLuxottica SA
PAR:EL
105.4B EUR 4.1 46 17.6 33.8
CH
Compagnie Financiere Richemont SA
SIX:CFR
79.9B CHF 4.2 65.4 19.2 19.2
CA
Lululemon Athletica Inc
NASDAQ:LULU
48.4B USD 4.8 27.9 16.9 19.8
DE
Adidas AG
XETRA:ADS
41.9B EUR 1.9 98.7 21.2 48.9
IN
Titan Company Ltd
NSE:TITAN
3T INR 5.6 93.2 59 67.4
FR
Kering SA
PAR:KER
28.8B EUR 1.6 13.9 7.5 11.6
CN
ANTA Sports Products Ltd
HKEX:2020
226.6B HKD 3.2 16.1 11.8 11.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
T
Thanulux PCL
SET:TNL
Average EV/EBITDA: 20.4
Negative Multiple: -48.9
N/A N/A
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
11.6
2%
5.8
FR
Hermes International SCA
PAR:RMS
34.7
32%
1.1
FR
Christian Dior SE
PAR:CDI
4.5
N/A N/A
FR
EssilorLuxottica SA
PAR:EL
17.6
36%
0.5
CH
Compagnie Financiere Richemont SA
SIX:CFR
19.2
12%
1.6
CA
Lululemon Athletica Inc
NASDAQ:LULU
16.9
29%
0.6
DE
Adidas AG
XETRA:ADS
21.2
175%
0.1
IN
Titan Company Ltd
NSE:TITAN
59
72%
0.8
FR
Kering SA
PAR:KER
7.5
-20%
N/A
CN
ANTA Sports Products Ltd
HKEX:2020
11.8
24%
0.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
TH
T
Thanulux PCL
SET:TNL
Average EV/EBIT: 27.4
Negative Multiple: -44.3
N/A N/A
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
15.5
11%
1.4
FR
Hermes International SCA
PAR:RMS
39.7
34%
1.2
FR
Christian Dior SE
PAR:CDI
6
N/A N/A
FR
EssilorLuxottica SA
PAR:EL
33.8
76%
0.4
CH
Compagnie Financiere Richemont SA
SIX:CFR
19.2
14%
1.4
CA
Lululemon Athletica Inc
NASDAQ:LULU
19.8
27%
0.7
DE
Adidas AG
XETRA:ADS
48.9
959%
0.1
IN
Titan Company Ltd
NSE:TITAN
67.4
80%
0.8
FR
Kering SA
PAR:KER
11.6
-28%
N/A
CN
ANTA Sports Products Ltd
HKEX:2020
11.8
41%
0.3

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