I

Infraset PCL
SET:INSET

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Infraset PCL
SET:INSET
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Price: 1.63 THB Market Closed
Market Cap: 1.3B THB

Relative Value

The Relative Value of one INSET stock under the Base Case scenario is 2.94 THB. Compared to the current market price of 1.63 THB, Infraset PCL is Undervalued by 45%.

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.

INSET Relative Value
Base Case
2.94 THB
Undervaluation 45%
Relative Value
Price
I
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
95
vs Industry
70
Median 3Y
1.2
Median 5Y
1.5
Industry
2.5
Forward
0.8
vs History
61
vs Industry
30
Median 3Y
18.2
Median 5Y
17.5
Industry
23.1
Forward
12.2
vs History
vs Industry
55
Median 3Y
-2.6
Median 5Y
-2.6
Industry
17.4
vs History
vs Industry
47
Median 3Y
3.3
Median 5Y
-3.8
Industry
21.6
vs History
95
vs Industry
68
Median 3Y
1.5
Median 5Y
2
Industry
3
vs History
95
vs Industry
64
Median 3Y
1.2
Median 5Y
1.4
Industry
2.5
Forward
0.7
vs History
79
vs Industry
19
Median 3Y
9.9
Median 5Y
9.7
Industry
5
vs History
79
vs Industry
28
Median 3Y
12
Median 5Y
11.8
Industry
12.7
Forward
6.8
vs History
76
vs Industry
29
Median 3Y
12.6
Median 5Y
12.5
Industry
16.4
Forward
8
vs History
vs Industry
52
Median 3Y
-2.4
Median 5Y
-2.4
Industry
15.9
vs History
vs Industry
45
Median 3Y
-2.3
Median 5Y
-5.2
Industry
19.1
vs History
95
vs Industry
62
Median 3Y
1.4
Median 5Y
2
Industry
2.5

Multiples Across Competitors

INSET Competitors Multiples
Infraset PCL Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
TH
Infraset PCL
SET:INSET
1.3B THB 0.7 16.1 9.7 10.8
CA
Shopify Inc
NYSE:SHOP
151.1B USD 16.1 93.9 118.8 122.2
US
Snowflake Inc.
NYSE:SNOW
73.9B USD 19.2 -52.8 -58.4 -50.6
US
Cloudflare Inc
NYSE:NET
66.3B USD 37.4 -811.2 -4 813 -427.8
US
Verisign Inc
NASDAQ:VRSN
26.9B USD 17.1 34.1 25.4 26.2
US
GoDaddy Inc
NYSE:GDDY
25.3B USD 5.4 33.5 25.4 28.8
ID
DCI Indonesia Tbk PT
IDX:DCII
358.9T IDR 160.8 334.5 278.6 278.6
US
Twilio Inc
NYSE:TWLO
18.4B USD 4 -541.5 82 3 644.2
US
Okta Inc
NASDAQ:OKTA
17.4B USD 6.5 133.5 122.7 483.1
US
MongoDB Inc
NASDAQ:MDB
17.3B USD 8.2 -200.6 -95.6 -86.6
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
Infraset PCL
SET:INSET
Average P/S: 25.3
0.7
8%
0.1
CA
Shopify Inc
NYSE:SHOP
16.1
21%
0.8
US
Snowflake Inc.
NYSE:SNOW
19.2
25%
0.8
US
Cloudflare Inc
NYSE:NET
37.4
27%
1.4
US
Verisign Inc
NASDAQ:VRSN
17.1
6%
2.9
US
GoDaddy Inc
NYSE:GDDY
5.4
8%
0.7
ID
DCI Indonesia Tbk PT
IDX:DCII
160.8
N/A N/A
US
Twilio Inc
NYSE:TWLO
4
9%
0.4
US
Okta Inc
NASDAQ:OKTA
6.5
11%
0.6
US
MongoDB Inc
NASDAQ:MDB
8.2
16%
0.5
US
Akamai Technologies Inc
NASDAQ:AKAM
2.9
6%
0.5
P/E Multiple
Earnings Growth PEG
TH
I
Infraset PCL
SET:INSET
Average P/E: 95.9
16.1
26%
0.6
CA
Shopify Inc
NYSE:SHOP
93.9
15%
6.3
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -52.8 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -811.2 N/A N/A
US
Verisign Inc
NASDAQ:VRSN
34.1
9%
3.8
US
GoDaddy Inc
NYSE:GDDY
33.5
11%
3
ID
DCI Indonesia Tbk PT
IDX:DCII
334.5
N/A N/A
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -541.5 N/A N/A
US
Okta Inc
NASDAQ:OKTA
133.5
195%
0.7
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -200.6 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
Infraset PCL
SET:INSET
Average EV/EBITDA: 84
9.7
25%
0.4
CA
Shopify Inc
NYSE:SHOP
118.8
45%
2.6
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -58.4 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -4 813 N/A N/A
US
Verisign Inc
NASDAQ:VRSN
25.4
7%
3.6
US
GoDaddy Inc
NYSE:GDDY
25.4
23%
1.1
ID
DCI Indonesia Tbk PT
IDX:DCII
278.6
N/A N/A
US
Twilio Inc
NYSE:TWLO
82
102%
0.8
US
Okta Inc
NASDAQ:OKTA
122.7
247%
0.5
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -95.6 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
Infraset PCL
SET:INSET
Average EV/EBIT: 576.5
10.8
N/A N/A
CA
Shopify Inc
NYSE:SHOP
122.2
45%
2.7
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -50.6 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -427.8 N/A N/A
US
Verisign Inc
NASDAQ:VRSN
26.2
6%
4.4
US
GoDaddy Inc
NYSE:GDDY
28.8
19%
1.5
ID
DCI Indonesia Tbk PT
IDX:DCII
278.6
N/A N/A
US
Twilio Inc
NYSE:TWLO
3 644.2
N/A N/A
US
Okta Inc
NASDAQ:OKTA
483.1
N/A N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -86.6 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
18.4
23%
0.8