Company Valuation: PP PRIME

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 254.6 1,494 1,271 617.9 493.2 283.8
Change - 486.66% -14.88% -51.4% -20.19% -42.45%
Enterprise Value (EV) 1 1,481 2,485 1,659 817.3 605.1 406.7
Change - 67.8% -33.24% -50.72% -25.96% -32.79%
P/E -0.77x -5.2x -1.6x -2.27x -1.95x -1.29x
PBR 3.48x 15.1x 2.1x 1.15x 1.08x 0.79x
PEG - 0.1x 0x 0x 0.1x 0.1x
Capitalization / Revenue 0.15x 2.3x 1.06x 0.47x 0.68x 0.49x
EV / Revenue 0.87x 3.82x 1.39x 0.63x 0.83x 0.7x
EV / EBITDA 17.4x -20.1x -12.5x -6.88x -7.69x -3.41x
EV / EBIT -55.2x -11.2x -7.83x -4.63x -4.67x -2.68x
EV / FCF 4.72x -30.6x -4.29x 8.97x 77.4x -6.63x
FCF Yield 21.2% -3.27% -23.3% 11.2% 1.29% -15.1%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -9.58 -2.693 -1.497 -0.44 -0.328 -0.2711
Distribution rate - - - - - -
Net sales 1 1,701 649.8 1,196 1,304 725.4 579.6
EBITDA 1 85.16 -123.5 -132.4 -118.7 -78.73 -119.1
EBIT 1 -26.83 -221.8 -211.8 -176.7 -129.6 -152
Net income 1 -329.6 -186.3 -487.9 -251.5 -224.6 -214.1
Net Debt 1 1,226 991 387.4 199.4 112 122.9
Reference price 2 7.4000 14.0000 2.4000 1.0000 0.6400 0.3500
Nbr of stocks (in thousands) 34,403 106,682 529,705 617,909 770,593 810,935
Announcement Date 02/03/21 01/03/22 01/03/23 28/02/24 02/03/25 27/02/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.02x0.45x7.91x3.51% 10.05B
55.28x0.7x14.67x0.23% 4.1B
8.21x0.67x5.39x5.3% 2.92B
11.79x0.46x5.33x3.04% 2.08B
22.5x0.63x13.99x1.33% 1.81B
20.79x - - 1.05% 1.38B
Average 22.10x 0.58x 9.46x 2.41% 3.72B
Weighted average by Cap. 21.74x 0.55x 9.15x 2.77%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

-40%: Exceptional extension
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