Relatives valuation of KCE electronics public company limited.

Abstract

This thematic paper involves relative valuation on KCE ELECTRONICS Public Company Limited which indicates the value of the company and investment decision making. I used the concept of relative valuation model which determine a company's intrinsic worth based on its estimated future free cash flows discounted to their present value. Investors may use relative valuation models when determining whether a company's stock is a good buy. The result of the valuation of KCE ELECTRONICS Public Company Limited gathers information from economic, industry and competitor analysis. It shows the fair value of KCE’s was lower than market value (the current price as of 27 October 2014) so the stock is “undervalue”. Then it is recommended to “BUY”. KEY WORDS: valuation, relative, printed circuit board (PCB), undervalue