Risk factor
Very vulnerable to price shocks
Profitability factor
Greatly overvalued vs peers
About
Bangkok Expressway and Metro Public Company Limited, along with its affiliated entities, is a Thai enterprise primarily engaged in the development, construction, and operation of expressways and urban rail transit systems throughout the nation. The company's operations are divided into key divisions: Expressway Business, Rail Business, and Commercial Development. It is responsible for managing prominent expressways such as the Si Rat, Si Rat - Outer Ring Road, and Udon Ratthaya, alongside operating metro lines like the M.R.T. Chaloem Ratchamongkhon and MRT Chalong Ratchadham. Beyond its core transportation infrastructure, the company also pursues commercial ventures, including leasing retail premises, providing advertising services, and maintaining telecommunications equipment within its metro stations. Established in 1998, its headquarters are situated in Bangkok, Thailand.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. Specifically, the stock is fairly valued on P/E, overvalued on EV/E