T

TIPCO Asphalt PCL
SET:TASCO

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TIPCO Asphalt PCL
SET:TASCO
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Price: 13.9 THB
Market Cap: 21.9B THB

Relative Value

The Relative Value of one TASCO stock under the Base Case scenario is 17.77 THB. Compared to the current market price of 13.9 THB, TIPCO Asphalt PCL is Undervalued by 22%.

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.

TASCO Relative Value
Base Case
17.77 THB
Undervaluation 22%
Relative Value
Price
T
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
87
vs Industry
44
Median 3Y
0.9
Median 5Y
0.9
Industry
0.9
Forward
0.8
vs History
33
vs Industry
31
Median 3Y
13.9
Median 5Y
12.4
Industry
16.2
Forward
12.7
vs History
41
vs Industry
10
Median 3Y
14
Median 5Y
13.4
Industry
9.1
vs History
39
vs Industry
13
Median 3Y
15.8
Median 5Y
14.1
Industry
14.9
vs History
88
vs Industry
35
Median 3Y
1.6
Median 5Y
1.7
Industry
1.3
vs History
82
vs Industry
46
Median 3Y
1
Median 5Y
1
Industry
1.1
Forward
0.8
vs History
28
vs Industry
27
Median 3Y
8.8
Median 5Y
7.5
Industry
5.5
vs History
34
vs Industry
42
Median 3Y
9
Median 5Y
7.3
Industry
9.9
Forward
7.1
vs History
17
vs Industry
35
Median 3Y
12.2
Median 5Y
10.5
Industry
12.7
Forward
10.6
vs History
42
vs Industry
11
Median 3Y
15.2
Median 5Y
13.9
Industry
10.5
vs History
17
vs Industry
5
Median 3Y
19.8
Median 5Y
18.5
Industry
12.8
vs History
87
vs Industry
27
Median 3Y
1.3
Median 5Y
1.3
Industry
0.9

Multiples Across Competitors

TASCO Competitors Multiples
TIPCO Asphalt 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
TIPCO Asphalt PCL
SET:TASCO
21.9B THB 0.8 13.7 8.8 14.5
IE
CRH PLC
NYSE:CRH
85.3B USD 2.3 24.9 13.2 18.7
CH
Holcim AG
SIX:HOLN
41.4B CHF 1.9 2.7 8.6 12.4
DE
HeidelbergCement AG
XETRA:HEI
39.2B EUR 1.4 5.1 4.5 5.2
US
Vulcan Materials Co
NYSE:VMC
38.1B USD 4.8 34 18.3 26.7
US
Martin Marietta Materials Inc
NYSE:MLM
37.8B USD 5.7 32.8 19.6 27.4
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.4T INR 4.1 48.4 23.4 33.2
US
Amrize AG
SIX:AMRZ
24.2B CHF 3.4 34.4 21.4 24.9
DE
Heidelberg Materials AG
XMUN:HEI
25.6B EUR 0.9 3.3 3.1 3.6
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR 1.2 46.9 10.3 13.3
MX
Cemex SAB de CV
NYSE:CX
17B USD 1.1 12.5 7.7 14.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
T
TIPCO Asphalt PCL
SET:TASCO
Average EV/EBITDA: 12.6
8.8
3%
2.9
IE
C
CRH PLC
NYSE:CRH
13.2
10%
1.3
CH
Holcim AG
SIX:HOLN
8.6
-10%
N/A
DE
HeidelbergCement AG
XETRA:HEI
4.5
7%
0.6
US
Vulcan Materials Co
NYSE:VMC
18.3
13%
1.4
US
Martin Marietta Materials Inc
NYSE:MLM
19.6
11%
1.8
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
23.4
25%
0.9
US
A
Amrize AG
SIX:AMRZ
21.4
N/A N/A
DE
H
Heidelberg Materials AG
XMUN:HEI
3.1
7%
0.4
IN
Grasim Industries Ltd
NSE:GRASIM
10.3
-51%
N/A
MX
Cemex SAB de CV
NYSE:CX
7.7
6%
1.3