Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Samart Corporation Public Company Limited, established in 1955 and headquartered in Nonthaburi, Thailand, specializes in the design, installation, and sale of telecommunications systems and equipment. Its operations span Thailand, Cambodia, and various international markets. The company operates across four distinct business segments: The ICT Solutions and Services segment provides end-to-end information and communication technology offerings. This includes network solutions, advanced ICT enhancements, and business applications, covering the full spectrum from initial consultation and system design to installation, implementation, operation, and ongoing maintenance for both public and private sector clients. Its Digital segment delivers integrated services spanning digital networks, solutions, and content. The Utilities and Transportations division encompasses air traffic control services, electricity supply in Cambodia, and the design and installation of electrical power transmission systems. The Technology Related Services segment is involved in the manufacturing and distribution of television, radio, and satellite antennas, alongside the distribution, installation, and maintenance of communication and security systems. Beyond these core segments, Samart's activities extend to broadcast network and system integration, distribution and repair of telecommunication equipment, and providing internet services to governmental and corporate entities. It also engages in freehold land leasing and invests in public utilities within the Indochina region. Furthermore, the company's portfolio includes the production, outsourcing, and live/taped broadcasting of sporting events, along with content, sports information, and broader entertainment media services. Its operations also feature the distribution of electronic and technology equipment, design, implementation, and outsourcing services, software development, and a range of services related to radiation measurement, including equipment trading, measurement, and project management.
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
Target Price
The average target price of SAMART.BK is 8.65 and suggests 47.9% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to