DISCOUNTED CASH FLOW VALUATION OF CARABAO GROUP PUBLIC COMPANY LIMITED

Abstract

The objective of this thematic paper is to evaluate Carabao Group (CBG) stock using a discounted cash flow (DCF) valuation model based on forecasted future cash flows. According to the stock market, where the investor could do the buy and sell transactions on the listed business. The stock price in both internal and external factors contribute to price volatility. The purpose is to evaluate the company so that investors can decide whether to "BUY, HOLD, or SELL" the stock. Carabao Group (CBG) is a large Thai company listed in SET50 Index. The core business was divided into Energy Drink, amber bottles, aluminum cans, and the other products From this thematic paper, the target price of CBG's stock was THB 139.73, providing a downside of -6.54% compared to the current price of THB 149.5 per share as of July 7th,2021. Therefore, the valuation is indicative to "HOLD" the stock.