Securities Analysis : A case study of Lighting and Equipment Public Company Limited

Abstract

The objectives of this study are 1) to study and analyze the variables that affect the value of L&E securities and 2) to forecast the operating results, financial position, and financial ratios of Lighting and Equipment Company. Public Company Limited from 2023 - 2027 and 3) to evaluate the business value of Lighting and Equipment Public Company Limited. Information for valuing the company has been done using both methods, which consists of Method 1). Including the Discounted Cash Flow method by using the free cash flow of the business (Free Cash Flow to the Firm), it was found that the value of the Company's common shares is equal to 1.955 baht per share. Method 2) includes the market comparable method by Finding the average of various ratios, such as the P/BV ratio of companies listed on the Stock Exchange of Thailand. in the business group compared to various ratios of the target company found that The value of the company's common shares is 3.91 and then multiplied by Earnings per share that can be forecast in 2023 to get the following equation: Stock price = P/E * EPS 3.91 * 0.26 with an average common share value of 1.0166 baht/share.