Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Established in Bangkok, Thailand, in 1988, Thai Polycons Public Company Limited, together with its affiliated entities, operates as a diversified enterprise. The company's core business involves delivering comprehensive construction services throughout Thailand. This encompasses the construction of various structures such as residential properties, shopping complexes, corporate headquarters, schools, healthcare facilities, and power generation plants. Beyond general building, it also undertakes the design, procurement, and complete integration of engineering systems. Furthermore, Thai Polycons is active in real estate development, renewable energy generation and sales, energy investments, and trading activities. Its service offerings extend to the design and oversight of machinery installation, automated car park systems, and building security systems, complemented by inspection, maintenance, and repair services. The company also handles the distribution and fitting of air pollution control equipment, along with associated spare parts and components.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'cheaper' than its peers. In particular, the stock is of fair value on EV/EBITDA, undervalued on P/FC.