I

Internet Thailand PCL
SET:INET

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Internet Thailand PCL
SET:INET
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Price: 4.16 THB
Market Cap: 2.5B THB

Relative Value

The Relative Value of one INET stock under the Base Case scenario is 12.83 THB. Compared to the current market price of 4.16 THB, Internet Thailand PCL is Undervalued by 68%.

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.

INET Relative Value
Base Case
12.83 THB
Undervaluation 68%
Relative Value
Price
I
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
87
vs Industry
64
Median 3Y
1.1
Median 5Y
1.1
Industry
2.5
Forward
0.8
vs History
96
vs Industry
49
Median 3Y
9.8
Median 5Y
11.9
Industry
23.1
Forward
5.3
vs History
31
vs Industry
25
Median 3Y
8.6
Median 5Y
8.2
Industry
17.3
vs History
vs Industry
Median 3Y
-2.4
Median 5Y
-2.8
Industry
21.7
vs History
95
vs Industry
76
Median 3Y
1
Median 5Y
1
Industry
3
vs History
87
vs Industry
57
Median 3Y
2.6
Median 5Y
2.7
Industry
2.5
Forward
1.1
vs History
87
vs Industry
63
Median 3Y
5.5
Median 5Y
6.3
Industry
5
vs History
88
vs Industry
58
Median 3Y
5.5
Median 5Y
6.5
Industry
12.7
Forward
2.4
vs History
88
vs Industry
52
Median 3Y
7.7
Median 5Y
10.2
Industry
16.4
vs History
73
vs Industry
22
Median 3Y
16.4
Median 5Y
16.4
Industry
15.9
vs History
vs Industry
Median 3Y
-3
Median 5Y
-3.9
Industry
19.1
vs History
87
vs Industry
87
Median 3Y
0.5
Median 5Y
0.5
Industry
2.5

Multiples Across Competitors

INET Competitors Multiples
Internet Thailand PCL Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
TH
Internet Thailand PCL
SET:INET
2.5B THB 0.9 6.7 2.1 2.8
CA
Shopify Inc
NYSE:SHOP
148.9B USD 15.9 92.5 116.9 120.3
US
Snowflake Inc.
NYSE:SNOW
72.5B USD 18.9 -51.8 -57.2 -49.6
US
Cloudflare Inc
NYSE:NET
64.3B USD 36.3 -787.3 -4 670 -415.1
US
Verisign Inc
NASDAQ:VRSN
26.5B USD 16.8 33.6 25 25.9
US
GoDaddy Inc
NYSE:GDDY
25B USD 5.4 33.1 25.2 28.5
ID
DCI Indonesia Tbk PT
IDX:DCII
362.2T IDR 162.3 337.7 281.2 281.2
US
Twilio Inc
NYSE:TWLO
17.9B USD 3.9 -524.6 79.3 3 520.5
US
Okta Inc
NASDAQ:OKTA
17.2B USD 6.4 132.2 121.4 477.6
US
MongoDB Inc
NASDAQ:MDB
16.7B USD 7.9 -194 -92 -83.3
US
Akamai Technologies Inc
NASDAQ:AKAM
11.6B USD 2.9 25.6 9.4 18.4
P/S Multiple
Revenue Growth P/S to Growth
TH
I
Internet Thailand PCL
SET:INET
Average P/S: 25.2
0.9
N/A N/A
CA
Shopify Inc
NYSE:SHOP
15.9
21%
0.8
US
Snowflake Inc.
NYSE:SNOW
18.9
25%
0.8
US
Cloudflare Inc
NYSE:NET
36.3
27%
1.3
US
Verisign Inc
NASDAQ:VRSN
16.8
6%
2.8
US
GoDaddy Inc
NYSE:GDDY
5.4
8%
0.7
ID
DCI Indonesia Tbk PT
IDX:DCII
162.3
N/A N/A
US
Twilio Inc
NYSE:TWLO
3.9
9%
0.4
US
Okta Inc
NASDAQ:OKTA
6.4
11%
0.6
US
MongoDB Inc
NASDAQ:MDB
7.9
16%
0.5
US
Akamai Technologies Inc
NASDAQ:AKAM
2.9
6%
0.5
P/E Multiple
Earnings Growth PEG
TH
I
Internet Thailand PCL
SET:INET
Average P/E: 94.5
6.7
N/A N/A
CA
Shopify Inc
NYSE:SHOP
92.5
15%
6.2
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -51.8 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -787.3 N/A N/A
US
Verisign Inc
NASDAQ:VRSN
33.6
9%
3.7
US
GoDaddy Inc
NYSE:GDDY
33.1
11%
3
ID
DCI Indonesia Tbk PT
IDX:DCII
337.7
N/A N/A
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -524.6 N/A N/A
US
Okta Inc
NASDAQ:OKTA
132.2
195%
0.7
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -194 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
25.6
30%
0.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
I
Internet Thailand PCL
SET:INET
Average EV/EBITDA: 82.5
2.1
8%
0.3
CA
Shopify Inc
NYSE:SHOP
116.9
45%
2.6
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -57.2 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -4 670 N/A N/A
US
Verisign Inc
NASDAQ:VRSN
25
7%
3.6
US
GoDaddy Inc
NYSE:GDDY
25.2
23%
1.1
ID
DCI Indonesia Tbk PT
IDX:DCII
281.2
N/A N/A
US
Twilio Inc
NYSE:TWLO
79.3
102%
0.8
US
Okta Inc
NASDAQ:OKTA
121.4
247%
0.5
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -92 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
9.4
14%
0.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
TH
I
Internet Thailand PCL
SET:INET
Average EV/EBIT: 559.4
2.8
N/A N/A
CA
Shopify Inc
NYSE:SHOP
120.3
45%
2.7
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -49.6 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -415.1 N/A N/A
US
Verisign Inc
NASDAQ:VRSN
25.9
6%
4.3
US
GoDaddy Inc
NYSE:GDDY
28.5
19%
1.5
ID
DCI Indonesia Tbk PT
IDX:DCII
281.2
N/A N/A
US
Twilio Inc
NYSE:TWLO
3 520.5
N/A N/A
US
Okta Inc
NASDAQ:OKTA
477.6
N/A N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -83.3 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
18.4
23%
0.8