P

Pan Asia Footwear PCL
SET:PAF

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Pan Asia Footwear PCL
SET:PAF
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Price: 0.74 THB -3.9% Market Closed
Market Cap: 399.6m THB

Relative Value

The Relative Value of one PAF stock under the Base Case scenario is 1.84 THB. Compared to the current market price of 0.74 THB, Pan Asia Footwear PCL is Undervalued by 60%.

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.

PAF Relative Value
Base Case
1.84 THB
Undervaluation 60%
Relative Value
Price
P
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
95
vs Industry
89
Median 3Y
0.2
Median 5Y
0.3
Industry
1
vs History
46
vs Industry
3
Median 3Y
22
Median 5Y
12.5
Industry
18
vs History
49
vs Industry
31
Median 3Y
7.2
Median 5Y
12.5
Industry
10.2
vs History
26
vs Industry
40
Median 3Y
6.6
Median 5Y
3
Industry
18.3
vs History
88
vs Industry
67
Median 3Y
1
Median 5Y
1.2
Industry
1.3
vs History
96
vs Industry
90
Median 3Y
0.3
Median 5Y
0.4
Industry
1.2
vs History
96
vs Industry
42
Median 3Y
5.4
Median 5Y
6.4
Industry
3.9
vs History
96
vs Industry
39
Median 3Y
12.1
Median 5Y
14.8
Industry
9.8
vs History
63
vs Industry
17
Median 3Y
26.6
Median 5Y
16.7
Industry
13.3
vs History
49
vs Industry
31
Median 3Y
7.4
Median 5Y
14.4
Industry
11.4
vs History
23
vs Industry
20
Median 3Y
5.5
Median 5Y
3.6
Industry
15.1
vs History
88
vs Industry
66
Median 3Y
0.9
Median 5Y
1
Industry
1

Multiples Across Competitors

PAF Competitors Multiples
Pan Asia Footwear PCL Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
TH
Pan Asia Footwear PCL
SET:PAF
399.6m THB 0.2 14.9 4.5 6.9
US
Nike Inc
NYSE:NKE
90B USD 1.9 35.7 23.2 29.1
JP
Asics Corp
TSE:7936
2.8T JPY 3.8 37 18.9 22.3
CH
On Holding AG
NYSE:ONON
15.3B USD 4.2 53.7 24.7 33.3
US
Deckers Outdoor Corp
NYSE:DECK
15.1B USD 2.9 14.8 10.4 11.1
US
Skechers USA Inc
NYSE:SKX
9.5B USD 1 14.3 7.8 9.9
CN
Huali Industrial Group Co Ltd
SZSE:300979
61.5B CNY 2.4 17.9 12.7 12.7
UK
Birkenstock Holding PLC
NYSE:BIRK
7.8B USD 3.2 19 11.3 13.6
US
Crocs Inc
NASDAQ:CROX
4.8B USD 1.2 26.3 5.9 6.3
DE
Puma SE
XETRA:PUM
3.2B EUR 0.4 -33.7 10.4 10.4
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
27.1B HKD 0.4 9.5 3.5 6.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
P
Pan Asia Footwear PCL
SET:PAF
Average EV/EBITDA: 12.1
4.5
N/A N/A
US
Nike Inc
NYSE:NKE
23.2
9%
2.6
JP
Asics Corp
TSE:7936
18.9
21%
0.9
CH
On Holding AG
NYSE:ONON
24.7
40%
0.6
US
Deckers Outdoor Corp
NYSE:DECK
10.4
5%
2.1
US
Skechers USA Inc
NYSE:SKX
7.8
2%
3.9
CN
Huali Industrial Group Co Ltd
SZSE:300979
12.7
14%
0.9
UK
Birkenstock Holding PLC
NYSE:BIRK
11.3
13%
0.9
US
Crocs Inc
NASDAQ:CROX
5.9
-7%
N/A
DE
Puma SE
XETRA:PUM
10.4
-14%
N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
3.5
-1%
N/A