B

Bangkok Sheet Metal PCL
SET:BM

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Bangkok Sheet Metal PCL
SET:BM
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Price: 0.99 THB
Market Cap: ฿695.1m

P/B

0.7
Current
60%
Cheaper
vs 3-y average of 1.8

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.7
=
Market Cap
฿666.5m
/
Total Equity
฿880.6m

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.7
=
Market Cap
฿666.5m
/
Total Equity
฿880.6m

Valuation Scenarios

Bangkok Sheet Metal PCL is trading below its 3-year average

If P/B returns to its 3-Year Average (1.8), the stock would be worth ฿2.5 (153% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-56%
Maximum Upside
+182%
Average Upside
79%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 0.7 ฿0.99
0%
3-Year Average 1.8 ฿2.5
+153%
5-Year Average 2 ฿2.79
+182%
Industry Average 0.3 ฿0.43
-56%
Country Average 1 ฿1.38
+39%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
TH
Bangkok Sheet Metal PCL
SET:BM
640.7m THB 0.7 8.2
JP
Fujitec Co Ltd
TSE:6406
2 720 795.8T JPY 0 0
JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY 24 437.1 363 670.8
JP
Star Micronics Co Ltd
TSE:7718
48T JPY 1 29.8
US
Parker-Hannifin Corp
NYSE:PH
122.9B USD 8.6 34.7
JP
Freund Corp
TSE:6312
16.9T JPY 1 012.7 8 494.3
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
15.9T JPY 6.1 56.7
SE
Atlas Copco AB
STO:ATCO A
910.6B SEK 8.1 34
US
Illinois Tool Works Inc
NYSE:ITW
78.8B USD 24.4 25.6
US
Barnes Group Inc
NYSE:B
67.3B USD 2.5 13.4
SE
Sandvik AB
STO:SAND
502B SEK 5.3 33.5

Market Distribution

In line with most companies in Thailand
Percentile
32nd
Based on 398 companies
32nd percentile
0.7
Low
0.1 — 0.7
Typical Range
0.7 — 1.6
High
1.6 —
Distribution Statistics
Thailand
Min 0.1
30th Percentile 0.7
Median 1
70th Percentile 1.6
Max 30.3

Bangkok Sheet Metal PCL
Glance View

Market Cap
695.1m THB
Industry
Machinery

Bangkok Sheet Metal Public Co. Ltd. engages in the manufacture and distribution of steel products, including processed products gutters and electrical conduit. The company is headquartered in Samut Prakan, Samut Prakan. The company went IPO on 2016-05-17. The company manufactures and sells steel products, such as wire ways, cable trays, cable ladders, enclosures, cabinets and electrical switchboards for buildings, condominiums, offices, shopping malls, factories, power stations under BSM, BM, and BEST brands, plus customizes steel products as per customer requirements. In addition, it sells white conduit by outsourcing to suppliers to manufacture white conduit under the Company's brand, while the Company conversely is a dealer of the white conduit supplier. Its products are classified in to six categories comprising of Metal Trunking and White Conduits; Communication Racks, Cabinets and Enclosures; Electrical Switchboards and Lighting Fixtures; Fabrication and Metal Working; Mold and Die Making, Machine Tools and Equipment's; and Sheet Metal Parts, Press Parts, Machine Parts and Assembly Parts.

BM Intrinsic Value
2.45 THB
Undervaluation 60%
Intrinsic Value
Price ฿0.99
B
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