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Forth Corporation PCL
SET:FORTH

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Forth Corporation PCL
SET:FORTH
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Price: 7.35 THB 1.38%
Market Cap: ฿6.9B

P/B

2.5
Current
55%
Cheaper
vs 3-y median of 5.5

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
2.5
=
Market Cap
฿6B
/
Total Equity
฿2.8B

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
2.5
=
Market Cap
฿6B
/
Total Equity
฿2.8B

Valuation Scenarios

Forth Corporation PCL is trading below its 3-year average

If P/B returns to its 3-Year Average (5.5), the stock would be worth ฿16.21 (121% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-59%
Maximum Upside
+187%
Average Upside
53%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.5 ฿7.35
0%
3-Year Average 5.5 ฿16.21
+121%
5-Year Average 7.1 ฿21.09
+187%
Industry Average 1.6 ฿4.78
-35%
Country Average 1 ฿2.99
-59%

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 Distribution

Higher than 84% of companies in Thailand
Percentile
84th
Based on 398 companies
84th percentile
2.5
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

Forth Corporation PCL
Glance View

Forth Corp. Public Co. Ltd. engages in the manufacture and distribution of telecommunication and electronic equipment. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2006-09-08. The firm is principally engaged in the manufacture and distribution of electronic equipment and project work relating to design and install telecommunication equipment. The company operates in three segments: Electronic Manufacturing Service (EMS) Business, Enterprise Solutions Business and Smart Services Business. EMS business is a business segment that sources, manufactures, and distributes electronics parts, both manufactured order and general equipment. Enterprise Solutions Business is a business segment that bids for project work, sources, subcontracts and installs various systems for the government and private sectors. Smart Service Business is a business segment that provides online financial transaction services and sells products and services through vending machines. The Company’s subsidiaries include Forth EMS Company Limited, Genius Traffic System Company Limited, and Forth Smart Service Public Company Limited.

FORTH Intrinsic Value
16.37 THB
Undervaluation 55%
Intrinsic Value
Price ฿7.35
F
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