KEX Relative Valuation - Kerry Express (Thailand) PCL

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Price: 1.47 THB 19.51%

Market Cap: 5.2B THB

Section:

Relative Value

The Relative Value of one KEX stock under the Base Case scenario is 2.44 THB. Compared to the current market price of 1.47 THB, Kerry Express (Thailand) PCL is Undervalued by 40%.

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?

KEX Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.5

P/S

vs History	89
vs Industry	57

Median 5Y

1.7

Industry

0.6

Forward

0.5

More Details

Negative

P/E

vs History
vs Industry

Median 5Y

-1.9

Industry

15.4

Forward

-1.1

More Details

Negative

P/OCF

vs History
vs Industry

Median 5Y

-3.2

Industry

7.7

More Details

Negative

P/FCFE

vs History
vs Industry

Median 5Y

-6.6

Industry

15.6

More Details

1.8

P/B

vs History	87
vs Industry	38

Median 5Y

4.6

Industry

1.5

More Details

0.4

EV/S

vs History	90
vs Industry	67

Median 5Y

1.6

Industry

0.8

Forward

0.4

More Details

Negative

EV/GP

vs History
vs Industry

Median 5Y

-3.1

Industry

4.5

More Details

Negative

EV/EBITDA

vs History
vs Industry

Median 5Y

-2.8

Industry

8.7

Forward

-1.7

More Details

Negative

EV/EBIT

vs History
vs Industry

Median 5Y

-2

Industry

13.4

Forward

-2.3

More Details

Negative

EV/OCF

vs History
vs Industry

Median 5Y

-4

Industry

9.2

More Details

Negative

EV/FCFF

vs History
vs Industry

Median 5Y

-3.1

Industry

14.3

More Details

0.9

EV/IC

vs History	89
vs Industry	50

Median 5Y

Industry

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
TH	K	Kerry Express (Thailand) PCL SET:KEX	4.3B THB	0.5	-0.7	-1.2	-0.8
US		United Parcel Service Inc NYSE:UPS	80.8B USD	0.9	13.8	7.8	11.2
DE		Deutsche Post AG XETRA:DPW	53.3B EUR	0.6	9.9	5.3	8
DK		DSV A/S CSE:DSV	345.6B DKK	2.1	34.4	21.2	21.2
US		FedEx Corp NYSE:FDX	50.4B USD	0.6	12.9	6.3	10.9
CN		S.F. Holding Co Ltd SZSE:002352	216.1B CNY	0.8	21.2	15.1	15.1
CN		ZTO Express (Cayman) Inc HKEX:2057	117.8B HKD	2.5	12.5	6.6	8.3
US		Expeditors International of Washington Inc NYSE:EXPD	15.1B USD	1.4	18.7	12.7	13.4
US		CH Robinson Worldwide Inc NASDAQ:CHRW	10.7B USD	0.6	23	13.5	15.2
CN		JD Logistics Inc HKEX:2618	80.7B HKD	0.4	12.2	6.7	6.7
LU		InPost SA AEX:INPST	7.4B EUR	2.9	25.5	10.8	19

				Revenue Growth	P/S to Growth
TH	K	Kerry Express (Thailand) PCL SET:KEX	Average P/S: 1.2 0.5	N/A	N/A
US		United Parcel Service Inc NYSE:UPS	0.9	1%	0.9
DE		Deutsche Post AG XETRA:DPW	0.6	-1%	N/A
DK		DSV A/S CSE:DSV	2.1	23%	0.1
US		FedEx Corp NYSE:FDX	0.6	3%	0.2
CN		S.F. Holding Co Ltd SZSE:002352	0.8	9%	0.1
CN		ZTO Express (Cayman) Inc HKEX:2057	2.5	14%	0.2
US		Expeditors International of Washington Inc NYSE:EXPD	1.4	2%	0.7
US		CH Robinson Worldwide Inc NASDAQ:CHRW	0.6	3%	0.2
CN		JD Logistics Inc HKEX:2618	0.4	10%	0
LU		InPost SA AEX:INPST	2.9	18%	0.2

				Earnings Growth	PEG
TH	K	Kerry Express (Thailand) PCL SET:KEX	Average P/E: 18.4 Negative Multiple: -0.7	N/A	N/A
US		United Parcel Service Inc NYSE:UPS	13.8	12%	1.1
DE		Deutsche Post AG XETRA:DPW	9.9	-2%	N/A
DK		DSV A/S CSE:DSV	34.4	25%	1.4
US		FedEx Corp NYSE:FDX	12.9	9%	1.4
CN		S.F. Holding Co Ltd SZSE:002352	21.2	15%	1.4
CN		ZTO Express (Cayman) Inc HKEX:2057	12.5	14%	0.9
US		Expeditors International of Washington Inc NYSE:EXPD	18.7	2%	9.3
US		CH Robinson Worldwide Inc NASDAQ:CHRW	23	15%	1.5
CN		JD Logistics Inc HKEX:2618	12.2	20%	0.6
LU		InPost SA AEX:INPST	25.5	27%	0.9

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication
US	Chevron Corp NYSE:CVX	Energy

	Franklin Covey Co NYSE:FC	20.59 USD 1.38%
	Mohawk Industries Inc NYSE:MHK	106.45 USD 0.09%
	Ardmore Shipping Corp NYSE:ASC	9.7 USD 1.68%
	ASGN Inc NYSE:ASGN	50.71 USD 0.66%
	Skyworks Solutions Inc NASDAQ:SWKS	65.23 USD 1.48%
	Weatherford International PLC NASDAQ:WFRD	42.61 USD 2.92%

	Johnson & Johnson NYSE:JNJ	154.46 USD -1.18%
	Bank of America Corp NYSE:BAC	40.17 USD 0.73%
	Mastercard Inc NYSE:MA	546.63 USD -0.26%
	Salesforce Inc NYSE:CRM	269.33 USD 0.23%
	Abbvie Inc NYSE:ABBV	193.34 USD -0.9%
	Home Depot Inc NYSE:HD	358.3 USD -0.61%

	Arista Networks Inc NYSE:ANET	87.84 USD 6.77%
	Visa Inc NYSE:V	342.45 USD -0.88%
	Texas Pacific Land Corp NYSE:TPL	1 306.13 USD 1.34%
	KLA Corp NASDAQ:KLAC	676.31 USD -3.75%
	Manhattan Associates Inc NASDAQ:MANH	178.63 USD 0.7%
	Monolithic Power Systems Inc NASDAQ:MPWR	601.63 USD 1.44%

	ServiceNow Inc NYSE:NOW	957.95 USD 0.31%
	EOG Resources Inc NYSE:EOG	111.68 USD 1.22%
	Monster Beverage Corp NASDAQ:MNST	59.52 USD -1%
	Copart Inc NASDAQ:CPRT	60.5 USD -0.87%
	Applied Materials Inc NASDAQ:AMAT	148.96 USD -1.16%
	Airbnb Inc NASDAQ:ABNB	124.01 USD 1.71%

Kerry Express (Thailand) PCL
SET:KEX

Relative Value

Valuation Multiples

Multiples Across Competitors

KEX Competitors Multiples
Kerry Express (Thailand) PCL Competitors

See Also

Company

Help

Tools

Stocks

				EBITDA Growth	EV/EBITDA to Growth
TH	K	Kerry Express (Thailand) PCL SET:KEX	Average EV/EBITDA: 10.6 Negative Multiple: -1.2	N/A	N/A
US		United Parcel Service Inc NYSE:UPS	7.8	7%	1.1
DE		Deutsche Post AG XETRA:DPW	5.3	1%	5.3
DK		DSV A/S CSE:DSV	21.2	31%	0.7
US		FedEx Corp NYSE:FDX	6.3	5%	1.3
CN		S.F. Holding Co Ltd SZSE:002352	15.1	33%	0.5
CN		ZTO Express (Cayman) Inc HKEX:2057	6.6	13%	0.5
US		Expeditors International of Washington Inc NYSE:EXPD	12.7	-1%	N/A
US		CH Robinson Worldwide Inc NASDAQ:CHRW	13.5	7%	1.9
CN		JD Logistics Inc HKEX:2618	6.7	49%	0.1
LU		InPost SA AEX:INPST	10.8	21%	0.5

				EBIT Growth	EV/EBIT to Growth
TH	K	Kerry Express (Thailand) PCL SET:KEX	Average EV/EBIT: 12.9 Negative Multiple: -0.8	N/A	N/A
US		United Parcel Service Inc NYSE:UPS	11.2	10%	1.1
DE		Deutsche Post AG XETRA:DPW	8	-1%	N/A
DK		DSV A/S CSE:DSV	21.2	19%	1.1
US		FedEx Corp NYSE:FDX	10.9	9%	1.2
CN		S.F. Holding Co Ltd SZSE:002352	15.1	9%	1.7
CN		ZTO Express (Cayman) Inc HKEX:2057	8.3	N/A	N/A
US		Expeditors International of Washington Inc NYSE:EXPD	13.4	0%	N/A
US		CH Robinson Worldwide Inc NASDAQ:CHRW	15.2	9%	1.7
CN		JD Logistics Inc HKEX:2618	6.7	14%	0.5
LU		InPost SA AEX:INPST	19	26%	0.7

52 Week Range	0.78 4.36
Price Target

Kerry Express (Thailand) PCL SET:KEX

Relative Value

Valuation Multiples

Multiples Across Competitors

KEX Competitors Multiples Kerry Express (Thailand) PCL Competitors

See Also

Company

Help

Tools

Stocks

Kerry Express (Thailand) PCL
SET:KEX

KEX Competitors Multiples
Kerry Express (Thailand) PCL Competitors