Valuation Indorama Ventures

Stocks

End-of-day quote Thailand S.E. 19/10/2026			5-day change	1st Jan Change
27.25 ^THB	-1.80%		-2.68%	+69.25%

08-19	Indorama Ventures Public Company Limited, Q2 2026 Earnings Call, Aug 11, 2026
08-14	Indorama Ventures Public Company Limited Announces an Interim Cash Dividend for the Operating Period from 01 April 2026 to 30 June 2026, Payable on 10 September 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	242,829	228,793	152,997	139,802	90,394	155,804	-	-
Change	-	-5.78%	-33.13%	-8.62%	-35.34%	72.36%	-	-
Enterprise Value (EV) ¹	450,600	461,362	388,646	384,702	326,544	384,177	362,473	345,396
Change	-	2.39%	-15.76%	-1.01%	-15.12%	17.65%	-5.65%	-4.71%
P/E	9.51x	7.56x	-13.2x	-6.82x	-12.3x	20.5x	19x	16.9x
PBR	1.53x	1.23x	0.93x	1.11x	0.77x	1.26x	1.17x	1.1x
PEG	-	0.4x	0x	-0.1x	0.2x	-0x	2.47x	1.4x
Capitalization / Revenue	0.52x	0.35x	0.28x	0.26x	0.2x	0.32x	0.32x	0.31x
EV / Revenue	0.96x	0.7x	0.72x	0.71x	0.73x	0.79x	0.74x	0.7x
EV / EBITDA	7.06x	6.17x	11.3x	9.37x	13.2x	8.16x	7.38x	6.69x
EV / EBIT	10.7x	9.41x	58.2x	29.4x	-382x	16x	15.5x	13.5x
EV / FCF	32.6x	8.81x	13.3x	20.2x	10.8x	37.3x	20.5x	14.5x
FCF Yield	3.07%	11.3%	7.49%	4.96%	9.24%	2.68%	4.87%	6.91%
Dividend per Share ²	1	1.45	0.925	0.7	0.7	0.7125	0.7883	0.83
Rate of return	2.31%	3.56%	3.39%	2.81%	4.35%	2.57%	2.84%	2.99%
EPS ²	4.55	5.39	-2.06	-3.65	-1.309	1.356	1.461	1.639
Distribution rate	22%	26.9%	-44.9%	-19.2%	-53.5%	52.5%	54%	50.7%
Net sales ¹	468,108	656,266	541,458	541,583	447,246	488,839	489,161	496,922
EBITDA ¹	63,825	74,772	34,373	41,078	24,681	47,088	49,138	51,635
EBIT ¹	42,089	49,050	6,675	13,089	-854.8	24,070	23,344	25,528
Net income ¹	26,288	31,006	-10,798	-19,262	-7,348	7,575	8,326	9,371
Net Debt ¹	207,771	232,569	235,649	244,900	236,150	228,373	206,669	189,592
Reference price ²	43.25	40.75	27.25	24.90	16.10	27.75	27.75	27.75
Nbr of stocks (in thousands)	5,614,552	5,614,552	5,614,552	5,614,552	5,614,552	5,614,552	-	-
Announcement Date	27/02/22	25/02/23	23/02/24	26/02/25	02/03/26	-	-	-

¹THB in Million²THB

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
INDORAMA VENTURES	20.46x	0.79x	8.16x	2.57%	4.66B
LINDE PLC	30.42x	6.96x	17.81x	1.29%	230B
AIR LIQUIDE	27.96x	4.33x	13.95x	2.1%	124B
THE SHERWIN-WILLIAMS COMPANY	30.06x	3.65x	18.7x	0.96%	80.89B
NAN YA PLASTICS CORPORATION	20.45x	7.1x	32.59x	3.63%	75.04B
AIR PRODUCTS & CHEMICALS, INC.	88.95x	6.56x	15.26x	2.41%	66.71B
SABIC	85.82x	1.26x	8.57x	6.05%	36.55B
WANHUA CHEMICAL GROUP CO., LTD.	10.56x	1.14x	6.16x	3.14%	30.99B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	9.02x	3.02x	7.09x	4.69%	24.35B
PPG INDUSTRIES, INC.	14.82x	1.72x	10.1x	2.7%	23.87B
Average	33.85x	3.65x	13.84x	2.95%	69.68B
Weighted average by Cap.	35.14x	5.17x	16.87x	2.26%