R

Right Tunnelling PCL
SET:RT

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Right Tunnelling PCL
SET:RT
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Price: 0.27 THB
Market Cap: ฿398.9m

P/B

0.3
Current
47%
Cheaper
vs 3-y average of 0.6

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.3
=
Market Cap
฿398.9m
/
Total Equity
฿1.3B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.3
=
Market Cap
฿398.9m
/
Total Equity
฿1.3B

Valuation Scenarios

Right Tunnelling PCL is trading below its 3-year average

If P/B returns to its 3-Year Average (0.6), the stock would be worth ฿0.51 (90% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+242%
Average Upside
168%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 0.3 ฿0.27
0%
3-Year Average 0.6 ฿0.51
+90%
5-Year Average 0.9 ฿0.81
+201%
Industry Average 0.7 ฿0.64
+138%
Country Average 1 ฿0.92
+242%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
TH
Right Tunnelling PCL
SET:RT
398.9m THB 0.3 34.5
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 2.7 19.9
US
Quanta Services Inc
NYSE:PWR
90.5B USD 10.1 88.1
FR
Vinci SA
PAR:DG
71.7B EUR 2.4 15.2
IN
Larsen & Toubro Ltd
NSE:LT
5.6T INR 5.5 34.4
US
Comfort Systems USA Inc
NYSE:FIX
59.1B USD 24.1 57.8
IN
Larsen and Toubro Ltd
F:LTO
47.6B EUR 5.1 31.7
NL
Ferrovial SE
AEX:FER
43.6B EUR 7.4 49.1
ES
Ferrovial SA
MAD:FER
43.6B EUR 7.4 49.3
DE
Hochtief AG
XETRA:HOT
34.8B EUR 27.4 38.5
ES
ACS Actividades de Construccion y Servicios SA
MAD:ACS
32B EUR 6.7 33.8

Market Distribution

Lower than 96% of companies in Thailand
Percentile
4rd
Based on 398 companies
4rd percentile
0.3
Low
0.1 — 0.7
Typical Range
0.7 — 1.6
High
1.6 —
Distribution Statistics
Thailand
Min 0.1
30th Percentile 0.7
Median 1
70th Percentile 1.6
Max 30.3

Right Tunnelling PCL
Glance View

Market Cap
398.9m THB
Industry
Construction

Right Tunnelling Public Co. Ltd. engages in the construction business. The company is headquartered in Samut Prakan, Samut Prakan. The company went IPO on 2020-11-12. The firm is engaged in geotechnical works focusing on tunnel construction and rock excavation. The firm's works include tunnel and underground structure construction, dam construction, hydro power plant construction, pipe jacking and horizontal directional drilling, and other types of construction works, such as slope stabilization and slope failure prevention, soil and rock excavation geological exploratory drilling, drilling and grouting with cement or chemical materials, mining development, rail tracks installation, road, bridge and drainage. The company provides construction services such as Tunnel & Shaft Construction, Dam Construction and Irrigation System, Hydro Power Plant, Pipe Jacking (PJ) & Horizontal Directional Drilling (HDD) and Others.

RT Intrinsic Value
0.87 THB
Undervaluation 69%
Intrinsic Value
Price ฿0.27
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