DISCOUNTED CASH FLOW VALUATION OF ORIGIN PROPERTY PUBLIC COMPANY LIMITED

Abstract

Discounted Cash Flow method is one of the most used method to perform company's valuation. In this thematic paper, discounted cash flow method of valuation was applied to find proper valuation for real estate company, Origin property development public company limited. We also considered and analyzed an economics climate of Thailand to further understand how well Origin property development public company limited will performed by the end of 2022. Discounted cash flow method involves multiple financial key elements forecast, terminal growth rate, weight average cost of capital and earning forecast. This will yield us the result in value of share in THB. This valuation method was applied to company's financial profile in tandem with relative multiple valuation method conducted by colleague. The result suggests that the share value of Origin property development public company limited will be 13.82 THB per share by the end of 2022. We also calculated an average between discounted cash flow method with relative valuation, including valuation from two other financial institutions. Average price consensus is 13.52 THB per share.