Risk factor
Very poor trading liquidity
Profitability factor
Undervalued vs peers
About
Christiani & Nielsen (Thai) Public Company Limited, along with its subsidiaries, offers a broad spectrum of construction and related services to both governmental and private clients in Thailand, Myanmar, and Cambodia. The company operates through two primary segments: Construction Services and Sales & Service. Its core activities include the design and construction of various building and civil engineering works, as well as the fabrication and installation of steel structures, and mechanical and electrical systems. Beyond traditional construction, C&N Thai is also engaged in providing renewable energy solutions for solar, wind, and other sustainable power sources, including the development of facilities that generate such energy. Additionally, the company undertakes property development, building office, residential, commercial, and industrial complexes. Founded in 1904, the company was originally known as Christiani & Nielsen (Siam) Ltd. before changing its name to Christiani & Nielsen (Thai) Public Company Limited in November 1992. Headquartered in Bangkok, Thailand, it functions as a subsidiary of Globex Corporation Limited.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is 'expensive' on P/E, neutral on EV/EBIT