RELATIVE VALUATION OF DYNASTY CERAMIC PUBLIC COMPANY LIMITED

Abstract

This thematic paper demonstrated how to value the stock price of The Dynasty Ceramic Public Company Limited (DCC) which applied the concept of the relative valuation model i.e. P/E, P/BV, and EV/EBITDA in order to express the value of the company’s stock comparing a company’s value to that of its competitors or industry peers to assess the firm’s financial worth. the study can still provide guidance regarding intrinsic valuation for investors and interested person in construction material business. As the result, the DCC target price from relative valuation method with one-year target price is 3.40 THB, comparing to the current price of 2.88 THB, therefore I recommend BUY.