Company Valuation: DV8

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 429.1 858.2 529.3 567.6 673.2 7,850
Change - 100% -38.33% 7.24% 18.6% 1,066.16%
Enterprise Value (EV) 1 177.1 651.3 311.7 -15.97 24.29 6,982
Change - 267.72% -52.15% -105.12% 252.05% 28,645.18%
P/E 369x -18.1x -37x -12.3x 196x -182x
PBR 0.88x 1.94x 1.24x 0.75x 0.89x 8.16x
PEG - 0x 0.5x -0.2x -2x 0x
Capitalization / Revenue 2.43x 4.39x 2.04x 4.22x 4.75x 53x
EV / Revenue 1x 3.33x 1.2x -0.12x 0.17x 47.1x
EV / EBITDA -15.6x -18x -79.1x 0.43x 12.1x -192x
EV / EBIT -5.91x -13x -19.9x 0.39x -9.88x -166x
EV / FCF -1.75x -22.3x -187x -0.65x 1.95x -394x
FCF Yield -57.3% -4.47% -0.53% -154% 51.3% -0.25%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.001627 -0.0662 -0.02 -0.0349 0.002596 -0.0266
Distribution rate - - - - - -
Net sales 1 176.5 195.6 260 134.6 141.8 148.2
EBITDA 1 -11.37 -36.17 -3.938 -37.1 2.013 -36.28
EBIT 1 -29.98 -50.14 -15.68 -41.28 -2.459 -41.96
Net income 1 1.164 -47.38 -14.32 -35.71 3.427 -38.82
Net Debt 1 -252 -206.9 -217.6 -583.5 -648.9 -868.6
Reference price 2 0.600 1.200 0.740 0.430 0.510 4.840
Nbr of stocks (in thousands) 715,208 715,208 715,208 1,319,922 1,319,922 1,621,933
Announcement Date 25/02/21 24/02/22 23/02/23 28/02/24 25/02/25 25/02/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.63x1.48x6.74x4.16% 26.49B
9.07x0.99x5.58x4.46% 20.34B
11.98x5.2x9.02x7.18% 10.19B
131.89x0.54x89.06x - 6.62B
16.24x1.37x4.72x2.85% 5.86B
11.07x0.77x4.85x-.--% 5.85B
16.5x0.71x4.32x4.03% 5.32B
-51.73x1.73x7.29x0% 4.91B
Average 19.83x 1.60x 16.45x 3.24% 10.7B
Weighted average by Cap. 17.93x 1.64x 12.72x 3.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA