Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Ingress Industrial (Thailand) Public Company Limited functions as an investment holding enterprise, primarily engaged in the production and supply of automotive components across Thailand, Malaysia, Indonesia, and India. Its diverse product range includes roll-formed goods, such as door modules (encompassing the door, lower, and inner sash, along with glass guides), various sealing systems (like windshields, beltlines, and roof drips), and exhaust systems featuring EGR and collapsible pipes and bellows. The company also manufactures a variety of stamped components. These comprise numerous module assemblies, such as apron front fender sub-modules, front end modules, rear wheel housing outer panel assemblies, body lower back sections, and other integrated module assemblies. Heat management solutions like manifolds and protectors are also offered. For vehicle underbodies, it provides cross beams and side sill outer parts, while side structures include pillar bodies, pillar inner components, and complete side structures. Additional stamped items extend to brake plates, door hinges, and trapezoidal and stamped impact beams. Beyond physical components, Ingress Industrial offers die-making products, specifically cam camber, sear recliner, and both upper and lower dies. The company further specializes in advanced automation solutions, delivering technologies such as automated guided vehicles (AGV), production monitoring systems, autonomous robotics, collaborative robots (cobots), manufacturing execution systems (MES), smart factory integration, specialized machinery, testing equipment, jigs and fixtures, and comprehensive engineering services. Established in 2014, the company's main offices are located in Bangkok, Thailand.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD