Risk factor
Very poor trading liquidity
Profitability factor
Undervalued vs peers
About
Pan Asia Footwear Public Company Limited, together with its subsidiaries, manufactures and distributes footwear and bags in Thailand and internationally. The company offers hemp and leather shoes, sandals, and sneakers; and backpacks, handcrafted small leather goods, and accessories under the DAYBREAK brand name. It also provides polypropylene cutting boards for industrial, food and food service, household, and OEM industries under the PANA TECH brand name; and production support services, including plastic parts and rubber injection, molds manufacturing and repair, and fabric manufacturing and dyeing, as well as tooling. In addition, the company engages in the production of soles and parts for footwear; manufacturing of eyelet; organic farming business; and distribution activities. It exports its products. The company was founded in 1979 and is headquartered in Chonburi, Thailand.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EBITDA, und