KEX Relative Valuation - Kerry Express (Thailand) PCL

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Price: 0.52 THB 4% Market Closed

Market Cap: ฿1.8B

K	Kerry Express (Thailand) PCL SET:KEX	TH

Multiples-Based Value

The Multiples-Based Value of one KEX stock under the Base Case scenario is 1.52 THB. Compared to the current market price of 0.52 THB, Kerry Express (Thailand) PCL is Undervalued by 66%.

Multiples-Based 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 Multiples-Based Value calculated?

KEX Multiples-Based Value

Base Case

Undervaluation 66%

Multiples-Based Value

Price

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
TH	K	Kerry Express (Thailand) PCL SET:KEX	1.8B THB	0.3	-0.3	-1	-0.7
US		FedEx Corp NYSE:FDX	82.2B USD	0.9	18.4	9	14.9
US		United Parcel Service Inc NYSE:UPS	80.4B USD	0.9	14.4	8.5	12.5
DE		Deutsche Post AG XETRA:DPW	53.3B EUR	0.6	9.9	5.3	8
DK		DSV A/S CSE:DSV	361B DKK	1.4	43.5	22	22
CN		S.F. Holding Co Ltd SZSE:002352	183.1B CNY	0.6	16.9	12.6	12.6
US		CH Robinson Worldwide Inc NASDAQ:CHRW	19.1B USD	1.2	32.6	21.5	24.2
US		Expeditors International of Washington Inc NYSE:EXPD	18.9B USD	1.7	23.3	15.8	16.7
CN		ZTO Express (Cayman) Inc HKEX:2057	148.6B HKD	2.7	14.6	11.3	11.3
CN		JD Logistics Inc HKEX:2618	92.3B HKD	0.4	12.2	9.4	9.4
KR		Hyundai Glovis Co Ltd KRX:086280	17.4T KRW	0.6	10	5.6	7.7

				Revenue Growth	P/S to Growth
TH	K	Kerry Express (Thailand) PCL SET:KEX	Average P/S: 1 0.3	N/A	N/A
US		FedEx Corp NYSE:FDX	0.9	5%	0.2
US		United Parcel Service Inc NYSE:UPS	0.9	3%	0.3
DE		Deutsche Post AG XETRA:DPW	0.6	-1%	N/A
DK		DSV A/S CSE:DSV	1.4	8%	0.2
CN		S.F. Holding Co Ltd SZSE:002352	0.6	9%	0.1
US		CH Robinson Worldwide Inc NASDAQ:CHRW	1.2	6%	0.2
US		Expeditors International of Washington Inc NYSE:EXPD	1.7	3%	0.6
CN		ZTO Express (Cayman) Inc HKEX:2057	2.7	9%	0.3
CN		JD Logistics Inc HKEX:2618	0.4	8%	0
KR		Hyundai Glovis Co Ltd KRX:086280	0.6	6%	0.1

				Earnings Growth	PEG
TH	K	Kerry Express (Thailand) PCL SET:KEX	Average P/E: 19.6 Negative Multiple: -0.3	N/A	N/A
US		FedEx Corp NYSE:FDX	18.4	13%	1.4
US		United Parcel Service Inc NYSE:UPS	14.4	10%	1.4
DE		Deutsche Post AG XETRA:DPW	9.9	-2%	N/A
DK		DSV A/S CSE:DSV	43.5	44%	1
CN		S.F. Holding Co Ltd SZSE:002352	16.9	11%	1.5
US		CH Robinson Worldwide Inc NASDAQ:CHRW	32.6	18%	1.8
US		Expeditors International of Washington Inc NYSE:EXPD	23.3	6%	3.9
CN		ZTO Express (Cayman) Inc HKEX:2057	14.6	9%	1.6
CN		JD Logistics Inc HKEX:2618	12.2	15%	0.8
KR		Hyundai Glovis Co Ltd KRX:086280	10	5%	2

				EBITDA Growth	EV/EBITDA to Growth
TH	K	Kerry Express (Thailand) PCL SET:KEX	Average EV/EBITDA: 12.1 Negative Multiple: -1	N/A	N/A
US		FedEx Corp NYSE:FDX	9	6%	1.5
US		United Parcel Service Inc NYSE:UPS	8.5	7%	1.2
DE		Deutsche Post AG XETRA:DPW	5.3	1%	5.3
DK		DSV A/S CSE:DSV	22	31%	0.7
CN		S.F. Holding Co Ltd SZSE:002352	12.6	38%	0.3
US		CH Robinson Worldwide Inc NASDAQ:CHRW	21.5	11%	2
US		Expeditors International of Washington Inc NYSE:EXPD	15.8	3%	5.3
CN		ZTO Express (Cayman) Inc HKEX:2057	11.3	N/A	N/A
CN		JD Logistics Inc HKEX:2618	9.4	42%	0.2
KR		Hyundai Glovis Co Ltd KRX:086280	5.6	5%	1.1

				EBIT Growth	EV/EBIT to Growth
TH	K	Kerry Express (Thailand) PCL SET:KEX	Average EV/EBIT: 13.9 Negative Multiple: -0.7	N/A	N/A
US		FedEx Corp NYSE:FDX	14.9	9%	1.7
US		United Parcel Service Inc NYSE:UPS	12.5	9%	1.4
DE		Deutsche Post AG XETRA:DPW	8	-1%	N/A
DK		DSV A/S CSE:DSV	22	20%	1.1
CN		S.F. Holding Co Ltd SZSE:002352	12.6	10%	1.3
US		CH Robinson Worldwide Inc NASDAQ:CHRW	24.2	14%	1.7
US		Expeditors International of Washington Inc NYSE:EXPD	16.7	5%	3.3
CN		ZTO Express (Cayman) Inc HKEX:2057	11.3	10%	1.1
CN		JD Logistics Inc HKEX:2618	9.4	18%	0.5
KR		Hyundai Glovis Co Ltd KRX:086280	7.7	6%	1.3

Kerry Express (Thailand) PCL
SET:KEX

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

KEX Competitors Multiples
Kerry Express (Thailand) PCL Competitors

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Kerry Express (Thailand) PCL SET:KEX

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

KEX Competitors Multiples Kerry Express (Thailand) PCL Competitors

See Also

Company

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Stocks

Kerry Express (Thailand) PCL
SET:KEX

KEX Competitors Multiples
Kerry Express (Thailand) PCL Competitors