B

Ba Airport Leasehold Real Estate Investment Trust
SET:BAREIT

Watchlist Manager
Ba Airport Leasehold Real Estate Investment Trust
SET:BAREIT
Watchlist
Price: 10.3 THB Market Closed
Market Cap: 10.6B THB

Relative Value

The Relative Value of one BAREIT stock under the Base Case scenario is 10.9 THB. Compared to the current market price of 10.3 THB, Ba Airport Leasehold Real Estate Investment Trust is Undervalued by 6%.

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.

BAREIT Relative Value
Base Case
10.9 THB
Undervaluation 6%
Relative Value
Price
B
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
21
vs Industry
Median 3Y
8.4
Median 5Y
8.3
Industry
2.1
Forward
8.6
vs History
51
vs Industry
Median 3Y
14.8
Median 5Y
14.7
Industry
18.2
Forward
12.1
vs History
51
vs Industry
Median 3Y
11.3
Median 5Y
11
Industry
11.1
vs History
51
vs Industry
Median 3Y
15.2
Median 5Y
14.8
Industry
14.4
vs History
17
vs Industry
Median 3Y
1
Median 5Y
1
Industry
1.7
vs History
24
vs Industry
Median 3Y
11.7
Median 5Y
11.7
Industry
3.2
Forward
11.8
vs History
34
vs Industry
Median 3Y
16.2
Median 5Y
16.1
Industry
6.9
vs History
34
vs Industry
Median 3Y
16.2
Median 5Y
16.2
Industry
11
Forward
12.8
vs History
34
vs Industry
Median 3Y
16.2
Median 5Y
16.2
Industry
13.3
Forward
13.3
vs History
51
vs Industry
Median 3Y
15.9
Median 5Y
15.6
Industry
11.4
vs History
51
vs Industry
Median 3Y
15.9
Median 5Y
15.6
Industry
12.2
vs History
17
vs Industry
Median 3Y
1
Median 5Y
1
Industry
1.7

Multiples Across Competitors

BAREIT Competitors Multiples
Ba Airport Leasehold Real Estate Investment Trust 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
Ba Airport Leasehold Real Estate Investment Trust
SET:BAREIT
10.6B THB 8.9 12.1 16.6 16.6
UK
Eight Capital Partners PLC
F:ECS
633.6T EUR 0 0 0 0
US
Suncast Solar Energy Inc
OTC:SUNC
518.4T USD 234 691 084.9 3 451 302 719.1 -620 821 160.7 -494 784 450.9
IN
Aaswa Trading and Exports Ltd
BSE:512038
36.6T INR 39 180.7 79 503.7 54 883.1 64 379.6
US
GE Vernova LLC
NYSE:GEV
177.3B USD 0 0 0 0
US
China Industrial Group Inc
OTC:CIND
121B USD 351.6 4 020.7 3 417.4 3 537.2
IN
SAB Industries Ltd
BSE:539112
8.8T INR 21 967.2 32 437.4 179 784.3 192 516.9
NL
Nepi Rockcastle NV
JSE:NRP
88.5B Zac 0 0 0 0
IN
GTV Engineering Ltd
BSE:539479
4.8T INR 5 512.5 40 581.5 28 137.7 29 637.4
CH
Galderma Group AG
SIX:GALD
38.5B CHF 0 0 0 0
US
Coupang Inc
F:788
37.8B EUR 1.3 113.9 30.7 50.4
P/S Multiple
Revenue Growth P/S to Growth
TH
B
Ba Airport Leasehold Real Estate Investment Trust
SET:BAREIT
Average P/S: 33 536 872.4
8.9
2%
4.5
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
S
Suncast Solar Energy Inc
OTC:SUNC
234 691 084.9
214%
1 096 687.3
IN
A
Aaswa Trading and Exports Ltd
BSE:512038
39 180.7
N/A N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
12%
N/A
US
C
China Industrial Group Inc
OTC:CIND
351.6
N/A N/A
IN
S
SAB Industries Ltd
BSE:539112
21 967.2
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
Not Available
-3%
N/A
IN
G
GTV Engineering Ltd
BSE:539479
5 512.5
N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
18%
N/A
US
Coupang Inc
F:788
1.3
16%
0.1
P/E Multiple
Earnings Growth PEG
TH
B
Ba Airport Leasehold Real Estate Investment Trust
SET:BAREIT
Average P/E: 493 065 626.9
12.1
0%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
S
Suncast Solar Energy Inc
OTC:SUNC
3 451 302 719.1
703%
4 909 392.2
IN
A
Aaswa Trading and Exports Ltd
BSE:512038
79 503.7
N/A N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
53%
N/A
US
C
China Industrial Group Inc
OTC:CIND
4 020.7
N/A N/A
IN
S
SAB Industries Ltd
BSE:539112
32 437.4
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
Not Available
-5%
N/A
IN
G
GTV Engineering Ltd
BSE:539479
40 581.5
N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
86%
N/A
US
Coupang Inc
F:788
113.9
118%
1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
B
Ba Airport Leasehold Real Estate Investment Trust
SET:BAREIT
Average EV/EBITDA: 44 378.3
16.6
9%
1.8
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
S
Suncast Solar Energy Inc
OTC:SUNC
Negative Multiple: -620 821 160.7 N/A N/A
IN
A
Aaswa Trading and Exports Ltd
BSE:512038
54 883.1
N/A N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
58%
N/A
US
C
China Industrial Group Inc
OTC:CIND
3 417.4
N/A N/A
IN
S
SAB Industries Ltd
BSE:539112
179 784.3
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
Not Available
-3%
N/A
IN
G
GTV Engineering Ltd
BSE:539479
28 137.7
N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
28%
N/A
US
Coupang Inc
F:788
30.7
56%
0.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
TH
B
Ba Airport Leasehold Real Estate Investment Trust
SET:BAREIT
Average EV/EBIT: 48 356.4
16.6
9%
1.8
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
S
Suncast Solar Energy Inc
OTC:SUNC
Negative Multiple: -494 784 450.9 N/A N/A
IN
A
Aaswa Trading and Exports Ltd
BSE:512038
64 379.6
N/A N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
99%
N/A
US
C
China Industrial Group Inc
OTC:CIND
3 537.2
N/A N/A
IN
S
SAB Industries Ltd
BSE:539112
192 516.9
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
Not Available
-4%
N/A
IN
G
GTV Engineering Ltd
BSE:539479
29 637.4
N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
39%
N/A
US
Coupang Inc
F:788
50.4
77%
0.7