TRUE Relative Valuation - True Corporation PCL

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Price: 14.4 THB

Market Cap: ฿497.6B

	True Corporation PCL SET:TRUE	TH
	Navigator Global Investments Ltd ASX:NGI	AU
A	Aim Commercial Growth Freehold and Leasehold Real Estate Investment Trust SET:AIMCG	TH

Multiples-Based Value

The Multiples-Based Value of one TRUE stock under the Base Case scenario is 17.02 THB. Compared to the current market price of 14.4 THB, True Corporation PCL is Undervalued by 15%.

Multiples-Based 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.

What is relative valuation?

How is Multiples-Based Value calculated?

TRUE Multiples-Based Value

Base Case

Undervaluation 15%

Multiples-Based Value

Price ฿14.4

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

		Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
TH	True Corporation PCL SET:TRUE	497.6B THB	2.6	54.2	8	25.1
US	Verizon Communications Inc NYSE:VZ	205B USD	1.5	11.9	6.4	10
US	AT&T Inc NYSE:T	197.3B USD	1.6	9	6.7	12.2
DE	Deutsche Telekom AG XETRA:DTE	149.1B EUR	1.3	15.7	5.3	10
JP	Nippon Telegraph and Telephone Corp TSE:9432	12.8T JPY	0.9	11.9	5.3	10.4
CN	China Telecom Corp Ltd SSE:601728	526.2B CNY	1	16	11.6	11.6
SG	Singapore Telecommunications Ltd SGX:Z74	81.9B SGD	5.8	13.2	23.4	61.2
FR	Orange SA PAR:ORA	47.9B EUR	1.2	50.2	5.9	16.5
SA	Saudi Telecom Company SJSC SAU:7010	189.1B SAR	2.4	12.8	7.6	12.9
CH	Swisscom AG SIX:SCMN	34.7B CHF	2.3	27.5	7.3	24.5
AU	Telstra Corporation Ltd ASX:TLS	60.8B AUD	2.6	26.6	20.2	20.2

			Revenue Growth	P/S to Growth
TH	True Corporation PCL SET:TRUE	Average P/S: 2.1 2.6	1%	2.6
US	Verizon Communications Inc NYSE:VZ	1.5	3%	0.5
US	AT&T Inc NYSE:T	1.6	3%	0.5
DE	Deutsche Telekom AG XETRA:DTE	1.3	4%	0.3
JP	Nippon Telegraph and Telephone Corp TSE:9432	0.9	4%	0.2
CN	China Telecom Corp Ltd SSE:601728	1	1%	1
SG	Singapore Telecommunications Ltd SGX:Z74	5.8	3%	1.9
FR	Orange SA PAR:ORA	1.2	4%	0.3
SA	Saudi Telecom Company SJSC SAU:7010	2.4	5%	0.5
CH	Swisscom AG SIX:SCMN	2.3	0%	N/A
AU	Telstra Corporation Ltd ASX:TLS	2.6	3%	0.9

			Earnings Growth	PEG
TH	True Corporation PCL SET:TRUE	Average P/E: 22.6 54.2	53%	1
US	Verizon Communications Inc NYSE:VZ	11.9	14%	0.9
US	AT&T Inc NYSE:T	9	-2%	N/A
DE	Deutsche Telekom AG XETRA:DTE	15.7	12%	1.3
JP	Nippon Telegraph and Telephone Corp TSE:9432	11.9	7%	1.7
CN	China Telecom Corp Ltd SSE:601728	16	9%	1.8
SG	Singapore Telecommunications Ltd SGX:Z74	13.2	0%	N/A
FR	Orange SA PAR:ORA	50.2	15%	3.3
SA	Saudi Telecom Company SJSC SAU:7010	12.8	3%	4.3
CH	Swisscom AG SIX:SCMN	27.5	8%	3.4
AU	Telstra Corporation Ltd ASX:TLS	26.6	7%	3.8

			EBITDA Growth	EV/EBITDA to Growth
TH	True Corporation PCL SET:TRUE	Average EV/EBITDA: 9.8 8	7%	1.1
US	Verizon Communications Inc NYSE:VZ	6.4	4%	1.6
US	AT&T Inc NYSE:T	6.7	5%	1.3
DE	Deutsche Telekom AG XETRA:DTE	5.3	-1%	N/A
JP	Nippon Telegraph and Telephone Corp TSE:9432	5.3	1%	5.3
CN	China Telecom Corp Ltd SSE:601728	11.6	61%	0.2
SG	Singapore Telecommunications Ltd SGX:Z74	23.4	6%	3.9
FR	Orange SA PAR:ORA	5.9	0%	N/A
SA	Saudi Telecom Company SJSC SAU:7010	7.6	5%	1.5
CH	Swisscom AG SIX:SCMN	7.3	0%	N/A
AU	Telstra Corporation Ltd ASX:TLS	20.2	36%	0.6

			EBIT Growth	EV/EBIT to Growth
TH	True Corporation PCL SET:TRUE	Average EV/EBIT: 19.5 25.1	18%	1.4
US	Verizon Communications Inc NYSE:VZ	10	5%	2
US	AT&T Inc NYSE:T	12.2	9%	1.4
DE	Deutsche Telekom AG XETRA:DTE	10	7%	1.4
JP	Nippon Telegraph and Telephone Corp TSE:9432	10.4	N/A	N/A
CN	China Telecom Corp Ltd SSE:601728	11.6	12%	1
SG	Singapore Telecommunications Ltd SGX:Z74	61.2	12%	5.1
FR	Orange SA PAR:ORA	16.5	3%	5.5
SA	Saudi Telecom Company SJSC SAU:7010	12.9	6%	2.1
CH	Swisscom AG SIX:SCMN	24.5	5%	4.9
AU	Telstra Corporation Ltd ASX:TLS	20.2	6%	3.4

True Corporation PCL
SET:TRUE

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

TRUE Competitors Multiples
True Corporation PCL Competitors

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True Corporation PCL SET:TRUE

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

TRUE Competitors Multiples True Corporation PCL Competitors

See Also

Company

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Stocks

True Corporation PCL
SET:TRUE

TRUE Competitors Multiples
True Corporation PCL Competitors