Valuation Master Style Thailand S.E.

Stocks

End-of-day quote Thailand S.E. 14/08/2026			5-day change	1st Jan Change
8.550 ^THB	-3.39%		-5.52%	+14.77%

05-15	Master Style Public Company Limited Appoints Ms. Prapawarin Longngam as Director, Effective 15 May 2026	CI
05-15	Master Style Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2023	2024	2025	2026	2027	2028
Market Cap ¹	15,312	13,652	2,248	2,580	-	-
Change	-	-10.84%	-83.54%	14.77%	-	-
Enterprise Value (EV) ¹	13,866	13,760	2,426	2,806	2,889	2,580
Change	-	-0.76%	-82.37%	15.69%	2.95%	-10.71%
P/E	36.5x	26.2x	11.3x	11.2x	10.2x	9.19x
PBR	5.12x	3.89x	0.65x	0.72x	0.7x	-
PEG	-30.77x	1.1x	-0.2x	0.7x	1x	0.9x
Capitalization / Revenue	7.99x	6.39x	1.19x	1.35x	1.29x	1.21x
EV / Revenue	7.23x	6.44x	1.29x	1.47x	1.44x	1.21x
EV / EBITDA	23.6x	19.5x	6.21x	6.52x	6.21x	5.39x
EV / EBIT	26.4x	23.8x	10.4x	10.2x	9.41x	-
EV / FCF	-49.1x	257x	9.54x	5.52x	6.93x	-
FCF Yield	-2.04%	0.39%	10.5%	18.1%	14.4%	-
Dividend per Share ²	0.3588	0.16	0.4	0.4268	0.4962	0.56
Rate of return	0.71%	0.35%	5.37%	4.99%	5.8%	6.55%
EPS ²	1.391	1.73	0.66	0.7608	0.8402	0.93
Distribution rate	25.8%	9.25%	60.6%	56.1%	59.1%	60.2%
Net sales ¹	1,917	2,135	1,885	1,908	2,003	2,128
EBITDA ¹	586.4	704.6	390.7	430.6	464.9	479
EBIT ¹	524.8	577.4	233.8	274.8	307.1	-
Net income ¹	416.3	522.4	198	228.8	253.4	280
Net Debt ¹	-1,446	108	177.8	226.6	309.4	-
Reference price ²	50.750	45.250	7.450	8.550	8.550	8.550
Nbr of stocks (in thousands)	301,714	301,712	301,712	301,712	-	-
Announcement Date	22/02/24	26/02/25	26/02/26	-	-	-

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
IHH HEALTHCARE	31.63x	3.01x	13.49x	1.37%	17.73B
APOLLO HOSPITALS ENTERPRISE LIMITED	51.96x	4.44x	28.96x	0.27%	13.41B
ENCOMPASS HEALTH CORPORATION	19.4x	2.3x	10.73x	0.64%	12.19B
AIER EYE HOSPITAL GROUP CO., LTD.	22.35x	3.14x	11.2x	1.92%	11.97B
THE ENSIGN GROUP, INC.	25.73x	2.07x	16.72x	0.15%	10.5B
MANIPAL HEALTH ENTERPRISES LIMITED	85.17x	7.4x	28.64x	-	9.72B
BANGKOK DUSIT MEDICAL SERVICES	19.15x	2.79x	11.51x	4.17%	9.36B
FORTIS HEALTHCARE LIMITED	53.77x	6.79x	29.36x	0.14%	7.33B
RAMSAY HEALTH CARE LIMITED	34.21x	0.94x	7.83x	1.89%	7.31B
Average	38.15x	3.65x	17.61x	1.32%	11.06B
Weighted average by Cap.	37.01x	3.57x	17.35x	1.27%