The Discounted Cash Flow (DCF) valuation of Saha Pathanapibul PCL (SPC.BK) is 87.14 THB. With the latest stock price at 58.50 THB, the upside of Saha Pathanapibul PCL based on DCF is 49%.
Based on the latest price of 58.50 THB and our DCF valuation, Saha Pathanapibul PCL (SPC.BK) is a buy. Buying SPC.BK stocks now will result in a potential gain of 49%.
Range | Selected | |
WACC / Discount Rate | 6.3% - 10.3% | 8.3% |
Long-term Growth Rate | 0.0% - 1.0% | 0.5% |
Fair Price | 68.89 - 122.57 | 87.14 |
Upside | 17.8% - 109.5% | 49.0% |
(THB in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 40,978 | 42,371 | 43,218 | 44,688 | 46,977 | 47,917 |
% Growth | 8% | 3% | 2% | 3% | 5% | 2% |
Cost of goods sold | (33,759) | (34,907) | (35,605) | (36,815) | (38,702) | (39,476) |
% of Revenue | 82% | 82% | 82% | 82% | 82% | 82% |
Selling, G&A expenses | (4,670) | (4,829) | (4,926) | (5,093) | (5,354) | (5,461) |
% of Revenue | 11% | 11% | 11% | 11% | 11% | 11% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | 794 | 821 | 838 | 866 | 911 | 929 |
% of Revenue | 2% | 2% | 2% | 2% | 2% | 2% |
Tax expense | (567) | (606) | (618) | (639) | (672) | (685) |
Tax rate | 17% | 18% | 18% | 18% | 18% | 18% |
Net profit | 2,776 | 2,850 | 2,907 | 3,006 | 3,160 | 3,223 |
% Margin | 7% | 7% | 7% | 7% | 7% | 7% |