Relatives valuation of global public company limited.

Abstract

This thematic paper demonstrated how to value the stock price of Siam Global House Public Company (GLOBAL) which applied the concept of the multiple valuation models. It reflected the company’s ability whether they can be survive and grow without equity or debt. I applied multiples valuation method to express the valuation of the company’s stock price. I calculated 3 ratios which composed of PER, P/BV and EV/BITDA. We consider using PER as it is the most appropriated market benchmark for valuation which PER derived from its earnings per share. PER is the ratio which the measurement the Company’s forward looking-focus in the next 12 months and it is the investor’s perception toward the Company. As a result the Global target price from forward PER is 8.76THB, comparing to the current price of 12.50 THB, therefore we recommend SELL. KEY WORDS: Global house / Valuation / Same store sales growth / Multiple Valuation / Home improvement