Intrinsic Value

The intrinsic value of Major Development PCL (MJD) under the Base Case is 0.5 THB per share. Compared with the current market price of 0.3 THB, the stock appears Undervalued by 40% .

The intrinsic value is calculated using the DCF method. Net margin recovers from -106% last year to 9.9% by 2033. Revenue grows about -9% a year over the next five years, after falling about 22% a year over the last five years. The forecast years subtract value, so the estimate rests entirely on the years after 2033.

Do our valuations actually work? See backtest results .

MJD Intrinsic Value
฿0.5
Undervaluation 40%
Intrinsic Value
Price ฿0.3
M

MJD is valued in line with its history. A discount of this size has been typical over the past 5 years.

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Margin of Safety 20% ฿0.4
Current Price ฿0.3
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Fundamental Analysis

What Major Development PCL Does

Real Estate

Major Development Public Co. Ltd. engages in the real estate business. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2007-11-27. The firm and its subsidiaries develop high rise condominiums, hotels, resorts and spas, as well as serviced apartments. The firm operates three principal business segments that includes the property development business segment, which is engaged in the development of land and houses and residential condominium units for sale; the hotel business segment, which engages in the provision of services relating to rooms, food and…

Headquarters
Thailand TH
Employees
746
IPO date
Nov 27, 2007
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Financials
Efficiency

Earnings Waterfall
Major Development PCL

Wall St Price Targets

Capital Returns

Competitive Landscape

What is the Intrinsic Value of one MJD stock?

The intrinsic value for Major Development PCL (MJD) under the Base Case is 0.5 THB.

Is MJD stock undervalued or overvalued?

Compared with the current market price of 0.3 THB, the stock appears Undervalued by 40% .

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