Company Valuation: Patkol

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 659.2 1,271 953 505.1 286.4 276
Change - 92.75% -25% -46.99% -43.3% -3.64%
Enterprise Value (EV) 1 1,044 1,985 2,023 1,261 884.1 788.4
Change - 90.16% 1.88% -37.66% -29.88% -10.82%
P/E 39.8x 12.5x -7.31x -3.49x -1.76x -10.2x
PBR 0.46x 0.81x 0.65x 0.38x 0.24x 0.23x
PEG - 0x 0x -0.3x -0.1x 0.1x
Capitalization / Revenue 0.22x 0.4x 0.32x 0.29x 0.15x 0.16x
EV / Revenue 0.34x 0.62x 0.68x 0.73x 0.47x 0.45x
EV / EBITDA 15.4x 13.4x -16.5x -10.6x -7.93x 74x
EV / EBIT -60.1x 27.6x -10.5x -6.96x -5.86x -29.6x
EV / FCF 2.34x - 33.8x 8.25x 146x -13.1x
FCF Yield 42.8% - 2.96% 12.1% 0.68% -7.65%
Dividend per Share 2 - 0.065 - - - -
Rate of return - 2.66% - - - -
EPS 2 0.04 0.1945 -0.2505 -0.2781 -0.312 -0.0522
Distribution rate - 33.4% - - - -
Net sales 1 3,059 3,208 2,979 1,732 1,896 1,739
EBITDA 1 67.86 148.1 -122.6 -119.2 -111.4 10.66
EBIT 1 -17.36 71.81 -192.2 -181 -150.9 -26.59
Net income 1 22.46 96.85 -130.4 -144.8 -162.5 -27.18
Net Debt 1 384.8 714.6 1,070 755.7 597.6 512.4
Reference price 2 1.5900 2.4400 1.8300 0.9700 0.5500 0.5300
Nbr of stocks (in thousands) 414,608 520,756 520,756 520,756 520,756 520,756
Announcement Date 22/02/21 28/02/22 01/03/23 27/02/24 23/02/25 23/02/26
1THB in Million2THB
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 7.76M
30.81x5.27x19.16x0.85% 121B
27.18x5.01x17.55x2.21% 36.36B
21.4x1.83x13.19x2.19% 31.12B
30.13x4.02x15.19x0.11% 29.63B
19.97x3.38x10.9x1.55% 27.95B
21.3x3.09x13.33x1.1% 25.98B
23.03x2.82x12.15x1.64% 24.68B
26.02x3.27x15.98x1.74% 24.09B
95.41x36.02x78.55x0.4% 24.88B
Average 32.81x 7.19x 21.78x 1.31% 34.6B
Weighted average by Cap. 31.69x 6.41x 20.56x 1.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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