Risk factor
Very poor trading liquidity
Profitability factor
Excellent dividends
About
Union Auction Public Company Limited, a Thai enterprise headquartered in Bangkok and founded in 1991, delivers comprehensive asset auctioneering solutions across Thailand. The company's operations are divided into four primary divisions: Vehicle Auction, Motorcycle Auction, Transportation, and a segment for Other Services. It facilitates the sale of a diverse range of assets, including cars, motorbikes, real estate (both land and homes), corporate shares, household furnishings, electronic devices, 5G frequencies, telephone numbers, outdated machinery, and premium branded goods. In addition to its core auction business, the company offers supplementary services such as vehicle title transfers and professional price estimation. Union Auction also employs technology through AUCT Live, an online platform designed to broadcast live video and audio directly from auction venues, allowing for real-time remote participation. The company maintains a network of 13 physical auction locations and further extends its service reach through mobile auction initiatives.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EBITDA, r