N

Nok Airlines PCL
SET:NOK

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Nok Airlines PCL
SET:NOK
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Price: 1.04 THB -29.73% Market Closed
Market Cap: 447.5m THB

Relative Value

The Relative Value of one NOK stock under the Base Case scenario is 13.67 THB. Compared to the current market price of 1.04 THB, Nok Airlines PCL is Undervalued by 92%.

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.

NOK Relative Value
Base Case
13.67 THB
Undervaluation 92%
Relative Value
Price
N
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
71
vs Industry
87
Median 3Y
0.1
Median 5Y
0.1
Industry
0.4
vs History
23
vs Industry
61
Median 3Y
0.2
Median 5Y
-0.1
Industry
9.3
vs History
vs Industry
41
Median 3Y
-1
Median 5Y
-0.3
Industry
2.9
vs History
vs Industry
100
Median 3Y
-0.5
Median 5Y
-0.5
Industry
9.4
vs History
vs Industry
Median 3Y
-0
Median 5Y
-0.1
Industry
1.9
vs History
60
vs Industry
38
Median 3Y
1.2
Median 5Y
1.2
Industry
0.9
vs History
vs Industry
9
Median 3Y
-3.8
Median 5Y
-3.8
Industry
3.2
vs History
vs Industry
12
Median 3Y
-2.7
Median 5Y
-2.7
Industry
6.1
vs History
vs Industry
8
Median 3Y
-2.5
Median 5Y
-2.2
Industry
10
vs History
vs Industry
26
Median 3Y
-21.3
Median 5Y
-11.4
Industry
5.6
vs History
vs Industry
32
Median 3Y
-19.4
Median 5Y
-11
Industry
10.4
vs History
52
vs Industry
37
Median 3Y
1
Median 5Y
0.9
Industry
0.8

Multiples Across Competitors

NOK Competitors Multiples
Nok Airlines PCL Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
TH
Nok Airlines PCL
SET:NOK
447.5m THB 0 0.2 -46.9 -12.5
US
Delta Air Lines Inc
NYSE:DAL
32B USD 0.5 8.8 4 6.9
IN
Interglobe Aviation Ltd
NSE:INDIGO
2.2T INR 2.8 31 11.9 21.3
US
United Airlines Holdings Inc
NASDAQ:UAL
25.9B USD 0.4 7.1 6.3 6.3
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
19.5B CHF 0 -1 404.3 -1 404.9 -1 404.9
UK
International Consolidated Airlines Group SA
LSE:IAG
16.5B GBP 0.5 6.6 105.7 161.4
IE
Ryanair Holdings PLC
LSE:RYA
15.4B EUR 1.1 8 4.5 6.8
CN
Air China Ltd
SSE:601111
138.7B CNY 0.8 -228.6 -176.1 -176.1
US
Southwest Airlines Co
NYSE:LUV
18.5B USD 0.7 33.8 6.7 29.2
SG
Singapore Airlines Ltd
SGX:C6L
20.6B SGD 1.1 7.4 5.4 12.9
CN
China Southern Airlines Co Ltd
SSE:600029
106.9B CNY 0.6 -33.4 60.6 60.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
N
Nok Airlines PCL
SET:NOK
Average EV/EBITDA: 25.6
Negative Multiple: -46.9
N/A N/A
US
Delta Air Lines Inc
NYSE:DAL
4
6%
0.7
IN
Interglobe Aviation Ltd
NSE:INDIGO
11.9
13%
0.9
US
United Airlines Holdings Inc
NASDAQ:UAL
6.3
7%
0.9
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.9 N/A N/A
UK
International Consolidated Airlines Group SA
LSE:IAG
105.7
7%
15.1
IE
R
Ryanair Holdings PLC
LSE:RYA
4.5
10%
0.4
CN
Air China Ltd
SSE:601111
Negative Multiple: -176.1 N/A N/A
US
Southwest Airlines Co
NYSE:LUV
6.7
29%
0.2
SG
Singapore Airlines Ltd
SGX:C6L
5.4
1%
5.4
CN
China Southern Airlines Co Ltd
SSE:600029
60.6
103%
0.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
TH
N
Nok Airlines PCL
SET:NOK
Average EV/EBIT: 38.2
Negative Multiple: -12.5
N/A N/A
US
Delta Air Lines Inc
NYSE:DAL
6.9
6%
1.2
IN
Interglobe Aviation Ltd
NSE:INDIGO
21.3
11%
1.9
US
United Airlines Holdings Inc
NASDAQ:UAL
6.3
7%
0.9
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.9 N/A N/A
UK
International Consolidated Airlines Group SA
LSE:IAG
161.4
7%
23.1
IE
R
Ryanair Holdings PLC
LSE:RYA
6.8
11%
0.6
CN
Air China Ltd
SSE:601111
Negative Multiple: -176.1 N/A N/A
US
Southwest Airlines Co
NYSE:LUV
29.2
94%
0.3
SG
Singapore Airlines Ltd
SGX:C6L
12.9
-3%
N/A
CN
China Southern Airlines Co Ltd
SSE:600029
60.6
53%
1.1