Risk factor
Very poor trading liquidity
Profitability factor
Undervalued vs peers
About
Established in 1985 and headquartered in Bang Phli, Thailand, Thai Rubber Latex Group Public Company Limited (known as Thai Rubber Latex Corporation (Thailand) Public Company Limited until its name change in July 2019) is a global manufacturer and distributor. The company primarily produces and supplies latex and skim blocks to diverse markets, including Thailand, China, Hong Kong, Pakistan, Malaysia, South Korea, and other international regions. Its business operations are segmented into three core areas: Concentrated and Prevulcanized Latex, Latex Products, and Rubber Plantation. The extensive product portfolio features concentrated and pre-vulcanized latex, various skim rubber products, rubber threads, foam latex mattresses, pillows, and rubber gloves. Furthermore, the company is involved in the trading of natural rubber derivatives.
Company Valuation
From both historical and forecast perspectives, the stock is underpriced compared to similar stocks. Specifically, the stock is overvalued on EV/EBITDA, underpriced on P/