TPI Polene PCL (SET:TPIPL)

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Price: 1.09 THB

Market Cap: 20.8B THB

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Section:

Relative Value

The Relative Value of one TPIPL stock under the Base Case scenario is 3.53 THB. Compared to the current market price of 1.09 THB, TPI Polene PCL is Undervalued by 69%.

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?

TPIPL Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.5

P/S

vs History	85
vs Industry	54

Median 5Y

0.7

Industry

0.8

Forward

0.5

More Details

7.5

P/E

vs History	55
vs Industry	58

Median 5Y

8.3

Industry

15.4

Forward

6.2

More Details

2.1

P/OCF

vs History	73
vs Industry	60

Median 5Y

2.6

Industry

8.8

More Details

5.1

P/FCFE

vs History	58
vs Industry	47

Median 5Y

5.7

Industry

13.6

More Details

0.4

P/B

vs History	96
vs Industry	79

Median 5Y

0.5

Industry

1.2

More Details

EV/S

vs History	22
vs Industry	26

Median 5Y

1.8

Industry

Forward

1.7

More Details

8.3

EV/GP

vs History	20
vs Industry	28

Median 5Y

6.8

Industry

5.2

More Details

8.3

EV/EBITDA

vs History	26
vs Industry	42

Median 5Y

7.6

Industry

9.6

Forward

7.2

More Details

13.4

EV/EBIT

vs History	26
vs Industry	33

Median 5Y

11.9

Industry

12.3

Forward

10.9

More Details

7.8

EV/OCF

vs History	39
vs Industry	43

Median 5Y

7.6

Industry

9.9

More Details

Negative

EV/FCFF

vs History
vs Industry	10

Median 5Y

17.3

Industry

12.8

More Details

0.5

EV/IC

vs History	92
vs Industry	62

Median 5Y

0.6

Industry

0.8

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	T	TPI Polene PCL SET:TPIPL	20.6B THB	0.5	7.5	8.3	13.4
IE	C	CRH PLC NYSE:CRH	67.9B USD	1.1	11.4	7.4	9.3
CH		Holcim AG SIX:HOLN	50.1B CHF	1.9	16.7	8.7	12.9
US		Vulcan Materials Co NYSE:VMC	37.3B USD	5	44.1	20.3	29.5
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	3.1T INR	4.4	47.2	24.9	34.1
US		Martin Marietta Materials Inc NYSE:MLM	35.9B USD	5.5	18.1	19.9	27.5
DE		HeidelbergCement AG XETRA:HEI	21.5B EUR	1	12.1	6.6	10.1
IN		Grasim Industries Ltd NSE:GRASIM	1.7T INR	1.3	32.7	9.8	11.9
CN		Anhui Conch Cement Co Ltd SSE:600585	138B CNY	1.1	18.9	11	11
IN		Ambuja Cements Ltd NSE:AMBUJACEM	1.3T INR	4.1	45.1	21.1	31.4
IE		James Hardie Industries PLC ASX:JHX	23.7B AUD	3.9	30.2	14.5	17.4

				Revenue Growth
TH	T	TPI Polene PCL SET:TPIPL	Average P/S: 2.7 0.5	5%
IE	C	CRH PLC NYSE:CRH	1.1	17%
CH		Holcim AG SIX:HOLN	1.9	11%
US		Vulcan Materials Co NYSE:VMC	5	13%
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	4.4	37%
US		Martin Marietta Materials Inc NYSE:MLM	5.5	17%
DE		HeidelbergCement AG XETRA:HEI	1	9%
IN		Grasim Industries Ltd NSE:GRASIM	1.3	-71%
CN		Anhui Conch Cement Co Ltd SSE:600585	1.1	-2%
IN		Ambuja Cements Ltd NSE:AMBUJACEM	4.1	52%
IE		James Hardie Industries PLC ASX:JHX	3.9	25%

				Earnings Growth
TH	T	TPI Polene PCL SET:TPIPL	Average P/E: 25.8 7.5	4%
IE	C	CRH PLC NYSE:CRH	11.4	51%
CH		Holcim AG SIX:HOLN	16.7	30%
US		Vulcan Materials Co NYSE:VMC	44.1	49%
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	47.2	69%
US		Martin Marietta Materials Inc NYSE:MLM	18.1	24%
DE		HeidelbergCement AG XETRA:HEI	12.1	25%
IN		Grasim Industries Ltd NSE:GRASIM	32.7	-66%
CN		Anhui Conch Cement Co Ltd SSE:600585	18.9	-23%
IN		Ambuja Cements Ltd NSE:AMBUJACEM	45.1	66%
IE		James Hardie Industries PLC ASX:JHX	30.2	81%

				EBITDA Growth
TH	T	TPI Polene PCL SET:TPIPL	Average EV/EBITDA: 13.9 8.3	7%
IE	C	CRH PLC NYSE:CRH	7.4	31%
CH		Holcim AG SIX:HOLN	8.7	22%
US		Vulcan Materials Co NYSE:VMC	20.3	29%
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	24.9	61%
US		Martin Marietta Materials Inc NYSE:MLM	19.9	24%
DE		HeidelbergCement AG XETRA:HEI	6.6	26%
IN		Grasim Industries Ltd NSE:GRASIM	9.8	-87%
CN		Anhui Conch Cement Co Ltd SSE:600585	11	79%
IN		Ambuja Cements Ltd NSE:AMBUJACEM	21.1	79%
IE		James Hardie Industries PLC ASX:JHX	14.5	27%

				EBIT Growth
TH	T	TPI Polene PCL SET:TPIPL	Average EV/EBIT: 19 13.4	7%
IE	C	CRH PLC NYSE:CRH	9.3	36%
CH		Holcim AG SIX:HOLN	12.9	36%
US		Vulcan Materials Co NYSE:VMC	29.5	39%
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	34.1	78%
US		Martin Marietta Materials Inc NYSE:MLM	27.5	19%
DE		HeidelbergCement AG XETRA:HEI	10.1	36%
IN		Grasim Industries Ltd NSE:GRASIM	11.9	-94%
CN		Anhui Conch Cement Co Ltd SSE:600585	11	14%
IN		Ambuja Cements Ltd NSE:AMBUJACEM	31.4	80%
IE		James Hardie Industries PLC ASX:JHX	17.4	26%

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Estee Lauder Companies Inc NYSE:EL	Consumer products
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Church & Dwight Co Inc NYSE:CHD	Consumer products
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	American Express Co NYSE:AXP	Financial Services
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	3M Co NYSE:MMM	Industrial Conglomerates
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Target Corp NYSE:TGT	Retail
US	Walt Disney Co NYSE:DIS	Media
US	Mueller Industries Inc NYSE:MLI	Machinery
US	PayPal Holdings Inc NASDAQ:PYPL	Technology

TPI Polene PCL
SET:TPIPL

Relative Value

Valuation Multiples

Multiples Across Competitors

TPIPL Competitors Multiples
TPI Polene PCL Competitors

See Also

Company

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52 Week Range	1.07 1.47
Price Target

TPI Polene PCL SET:TPIPL

Relative Value

Valuation Multiples

Multiples Across Competitors

TPIPL Competitors Multiples TPI Polene PCL Competitors

See Also

Company

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TPI Polene PCL
SET:TPIPL

TPIPL Competitors Multiples
TPI Polene PCL Competitors