Discounted cash flow valuation of officemate public company limited.

Abstract

This paper studies the common stock price valuation of OfficeMate Public Company Limited (OFM) in order to provide information and recommendation to investors for making their investment decision. As one of the most widely used methods for valuation, discounted cash flow valuation approach is applied to this study. Consistent with the company’s stock price valuation, company background, impact of macroeconomic factors on office supplies industry in Thailand, the company’s competitors and financial statements data are also examined in order to assess real value of the company’s stock price. Further, investment and operation risk of the company is considered to implement risk awareness of the company’s downturn possibility. Finally, result of stock valuation for OFM shows undervalued (October 31,2014) from the current company’s value. Then, investors are recommended to “BUY” for mid to long-term wealth accumulation.

KEY WORDS: Thai Office Supplies, Thai e-Commerce, Financial Analysis, Discounted Cash Flow, Stock Price Valuation