Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
2S Metal Public Company Limited, along with its subsidiary companies, manufactures and distributes steel products across Thailand. The company's operations are divided into two main segments: Production and Trading. Its comprehensive product portfolio encompasses a wide array of steel items, including galvanized steel pipes, structural components such as equal angles, H-beams, I-beams, and channel steel, as well as gutters, various types of bars (deformed, cold round, flat), and checkered plates. The firm also supplies hot rolled coils, specialized channels (C-, U-, and light lip channels), cut and bend rebars, galvanized steel battens, annealing wires, and different kinds of wire meshes (chain link, crimped). Additionally, it offers metal framework products and C-line items. Beyond production, 2S Metal Public Company Limited is involved in the trading of steel products and provides transportation services. Established in 1992 and based in Bang Klam, Thailand, the company adopted its current name in April 2010, having previously been known as Southern Steel Public Company Limited.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'cheaper' than its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBITDA, undervalue