Company Valuation: G Capital

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 507 654 451.8 232.4 162.4 162.6
Change - 28.99% -30.91% -48.57% -30.11% 0.1%
Enterprise Value (EV) 1 2,131 1,907 1,311 900.6 652.4 633.2
Change - -10.52% -31.24% -31.31% -27.55% -2.95%
P/E 130x -11.2x -4.1x 14.4x -11.4x -2.39x
PBR 0.98x 1.43x 1.08x 0.48x 0.32x 0.38x
PEG - 0x -0.1x -0x 0x -0x
Capitalization / Revenue 3.56x 10.5x -21.3x 1.98x 1.85x 4.5x
EV / Revenue 15x 30.7x -61.9x 7.66x 7.43x 17.5x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.05 0.1 - - - -
Rate of return 2.96% 4.59% - - - -
EPS 2 0.013 -0.1952 -0.2948 0.0383 -0.0272 -0.1255
Distribution rate 385% -51.2% - - - -
Net sales 1 142.3 62.06 -21.19 117.5 87.86 36.15
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 3.901 -58.57 -100.6 14.82 -12.77 -67.66
Net Debt 1 1,624 1,253 859.2 668.2 490 470.6
Reference price 2 1.6900 2.1800 1.2100 0.5500 0.3100 0.3000
Nbr of stocks (in thousands) 300,000 300,000 373,407 422,495 523,897 541,897
Announcement Date 01/03/21 28/02/22 23/02/23 23/02/24 27/02/25 25/02/26
1THB in Million2THB
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 3.86M
7.36x - - 4.1% 14.12B
12.5x4.3x15.16x3.51% 12.62B
14.85x - - 3.31% 11.89B
5.76x - - 5.32% 9.89B
17.82x - - 2.26% 8.77B
19.3x14.93x - 1.22% 7.84B
9.84x8.95x19.13x4.74% 6.35B
Average 12.49x 9.39x 17.15x 3.5% 8.93B
Weighted average by Cap. 12.11x 8.51x 16.49x 3.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA