Risk factor
Moderate default risk
Profitability factor
Slightly undervalued vs peers
About
CH. Karnchang Public Company Limited (CK), along with its subsidiaries, delivers extensive construction and engineering solutions across Thailand and the Lao People's Democratic Republic. The company's portfolio encompasses vital infrastructure projects such as roads, bridges, elevated expressways, and general building and industrial factory construction. Furthermore, it excels in specialized mechanical and electrical equipment installations for various industrial facilities, as well as complex undertakings like mass rapid transit networks, airports, water management systems, and port developments. Beyond its primary construction activities, CK strategically invests in infrastructure ventures, distributes building materials, and leases out construction apparatus. Its diverse clientele comprises government entities, state-owned enterprises, and private businesses. The company, which has its headquarters in Bangkok, Thailand, was founded in 1972.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. In particular, the stock is underpriced on P/E, of fair value on