Company Valuation: Forth Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 19,830 30,166 21,514 9,915 5,378 13,563 -
Change - 52.12% -28.68% -53.91% -45.75% 152.17% -
Enterprise Value (EV) 1 22,409 30,166 21,514 9,915 5,378 17,121 17,037
Change - 34.61% -28.68% -53.91% -45.75% 218.33% -0.49%
P/E 27.5x 38.9x 37.7x 44.2x 6.53x 14.4x 12.3x
PBR 12x - - - - 3.82x 3.15x
PEG - 4.99x -1.4x -0.7x 0x 1x 0.7x
Capitalization / Revenue 2.33x 3.2x 2.27x 1.13x 0.47x 1.12x 1.06x
EV / Revenue 2.63x 3.2x 2.27x 1.13x 0.47x 1.41x 1.34x
EV / EBITDA 16.8x 19.4x 14.4x 8.54x 2.63x 6.66x 6.04x
EV / EBIT 27.2x 29.6x 25.6x 23.5x 3.97x 9.55x 8.49x
EV / FCF - -41.3x 36.3x -70.7x 5.31x 39.5x 46.2x
FCF Yield - -2.42% 2.75% -1.42% 18.8% 2.53% 2.17%
Dividend per Share 2 0.45 0.52 0.47 - 0.21 0.3 0.35
Rate of return 2.12% 1.61% 2.04% - 3.65% 2.07% 2.41%
EPS 2 0.77 0.83 0.61 0.24 0.88 1.01 1.18
Distribution rate 58.4% 62.7% 77% - 23.9% 29.7% 29.7%
Net sales 1 8,513 9,431 9,492 8,767 11,350 12,134 12,761
EBITDA 1 1,337 1,553 1,493 1,162 2,044 2,572 2,822
EBIT 1 825.1 1,019 840.8 422.6 1,354 1,792 2,007
Net income 1 722.8 774.9 572.6 221.3 823.7 949 1,107
Net Debt 1 2,579 - - - - 3,558 3,474
Reference price 2 21.20 32.25 23.00 10.60 5.75 14.50 14.50
Nbr of stocks (in thousands) 935,375 935,375 935,375 935,375 935,375 935,375 -
Announcement Date 28/02/22 27/02/23 28/02/24 02/03/25 02/03/26 - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.36x1.41x6.66x2.07% 412M
33.48x11.87x21.67x0.82% 122B
46.26x7.69x33.54x1.73% 51.76B
25.67x1.22x13.95x-.--% 39.85B
21.5x1.81x8.78x1.42% 34.56B
29.33x2.07x14.39x1.6% 29.26B
29.09x4.43x17.67x-.--% 28.18B
10.89x6.09x16.88x1.37% 27.46B
31.29x4.8x19.17x0.73% 18.36B
24.01x3.07x12.85x-.--% 16.91B
Average 26.59x 4.44x 16.56x 0.97% 36.83B
Weighted average by Cap. 30.39x 6.64x 19.51x 0.92%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  2. Stocks
  3. FORTH Stock
  4. Valuation Forth Corporation