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Steel PCL
SET:THE

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Steel PCL
SET:THE
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Price: 0.78 THB 1.3% Market Closed
Market Cap: ฿859.6m

EV/EBITDA

46
Current
12%
Cheaper
vs 3-y median of 52.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
46
=
Enterprise Value
฿1.9B
/
EBITDA
฿44.2m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
46
=
Enterprise Value
฿1.9B
/
EBITDA
฿44.2m

Valuation Scenarios

Steel PCL is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (52.3), the stock would be worth ฿0.89 (14% upside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-81%
Maximum Upside
+14%
Average Downside
49%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 46 ฿0.78
0%
3-Year Average 52.3 ฿0.89
+14%
5-Year Average 23.4 ฿0.4
-49%
Industry Average 8.6 ฿0.15
-81%
Country Average 8.6 ฿0.15
-81%

Forward EV/EBITDA
Today’s price vs future ebitda

Not enough data available to calculate forward EV/EBITDA

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
TH
Steel PCL
SET:THE
859.6m THB 46 -12.5
JP
Mitsubishi Corp
TSE:8058
18.4T JPY 26.7 25.1
JP
Mitsui & Co Ltd
TSE:8031
16.6T JPY 23.9 19.3
JP
Itochu Corp
TSE:8001
15.6T JPY 16.2 16.9
JP
Marubeni Corp
TSE:8002
9.6T JPY 23 18.8
US
WW Grainger Inc
XMUN:GWW
46B EUR 20.2 31.5
US
W W Grainger Inc
NYSE:GWW
55.1B USD 20.6 32.3
US
Fastenal Co
NASDAQ:FAST
52.6B USD 27.7 40.4
US
Ferguson Enterprises Inc
NYSE:FERG
50.8B USD 43.1 64.6
US
United Rentals Inc
NYSE:URI
50.2B USD 8.8 20.1
JP
Sumitomo Corp
TSE:8053
7.2T JPY 15.2 13
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
S
Steel PCL
SET:THE
Average EV/EBITDA: 24.7
46
N/A N/A
JP
Mitsubishi Corp
TSE:8058
26.7
5%
5.3
JP
Mitsui & Co Ltd
TSE:8031
23.9
4%
6
JP
Itochu Corp
TSE:8001
16.2
5%
3.2
JP
Marubeni Corp
TSE:8002
23
2%
11.5
US
W
WW Grainger Inc
XMUN:GWW
20.2
11%
1.8
US
W W Grainger Inc
NYSE:GWW
20.6
11%
1.9
US
Fastenal Co
NASDAQ:FAST
27.7
10%
2.8
US
Ferguson Enterprises Inc
NYSE:FERG
43.1
48%
0.9
US
United Rentals Inc
NYSE:URI
8.8
9%
1
JP
Sumitomo Corp
TSE:8053
15.2
2%
7.6
P/E Multiple
Earnings Growth PEG
TH
S
Steel PCL
SET:THE
Average P/E: 28.2
Negative Multiple: -12.5
N/A N/A
JP
Mitsubishi Corp
TSE:8058
25.1
5%
5
JP
Mitsui & Co Ltd
TSE:8031
19.3
5%
3.9
JP
Itochu Corp
TSE:8001
16.9
10%
1.7
JP
Marubeni Corp
TSE:8002
18.8
8%
2.4
US
W
WW Grainger Inc
XMUN:GWW
31.5
14%
2.3
US
W W Grainger Inc
NYSE:GWW
32.3
14%
2.3
US
Fastenal Co
NASDAQ:FAST
40.4
10%
4
US
Ferguson Enterprises Inc
NYSE:FERG
64.6
51%
1.3
US
United Rentals Inc
NYSE:URI
20.1
15%
1.3
JP
Sumitomo Corp
TSE:8053
13
6%
2.2

Market Distribution

Higher than 90% of companies in Thailand
Percentile
90th
Based on 406 companies
90th percentile
46
Low
0.2 — 6.6
Typical Range
6.6 — 11.4
High
11.4 —
Distribution Statistics
Thailand
Min 0.2
30th Percentile 6.6
Median 8.6
70th Percentile 11.4
Max 3 584.8

Steel PCL
Glance View

The Steel Public Co. Ltd. engages in the supplies of steel products and raw materials. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2007-08-09. The principal activities of the Company and its subsidiaries are selling and transforming hot rolled steel sheets and coils and other structural steels and logistic services of steels. The company operates through two segments: sales of steel and logistic services. The Company’s products include hot-rolled steel coils, cold-rolled steel coils, galvanized steel coils, lip channel steel, carbon steel square pipe, carbon steel rectangular pipe, carbon steel round pipe, H-Beam, I-Beam, wide flange, steel sheet piles, angle steel bars, channel steel bars, hot rolled steel sheets, checkered plates, cold-rolled steel sheets, hot-dip galvanized steel sheets, round steel bars and deformed steel bars. The Company’s subsidiaries include The Steel Logistics Co., Ltd., The Steel Industries Co., Ltd. and Liberty Steel Siam Co., Ltd.

THE Intrinsic Value
3.01 THB
Undervaluation 74%
Intrinsic Value
Price ฿0.78
S
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