Company Valuation: PTT

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,085,394 949,720 1,021,127 906,875 914,016 1,147,136 - -
Change - -12.5% 7.52% -11.19% 0.79% 25.5% - -
Enterprise Value (EV) 1 1,609,372 1,803,259 1,651,392 1,479,267 1,497,004 1,711,688 1,631,072 1,556,369
Change - 12.05% -8.42% -10.42% 1.2% 14.34% -4.71% -4.58%
P/E 10x 10.4x 9.12x 10.1x 10.2x 9.49x 10.7x 9.49x
PBR 1.08x 0.9x 0.91x 0.79x 0.8x 0.97x 0.93x 0.8x
PEG - -0.7x 0.4x -0.5x - 0.3x -0.9x 0.7x
Capitalization / Revenue 0.48x 0.28x 0.32x 0.29x 0.34x 0.4x 0.4x 0.39x
EV / Revenue 0.71x 0.54x 0.53x 0.48x 0.56x 0.6x 0.58x 0.54x
EV / EBITDA 3.76x 3.67x 3.87x 3.73x 4.5x 3.74x 3.82x 3.53x
EV / EBIT 6.48x 6.25x 7.21x 6.5x 9.92x 6.14x 6.63x 6.16x
EV / FCF 8.82x 68.1x 7.56x 6.95x 11x 9.63x 9.74x 7.76x
FCF Yield 11.3% 1.47% 13.2% 14.4% 9.06% 10.4% 10.3% 12.9%
Dividend per Share 2 2 2 2 2.1 2.3 2.278 2.166 2.224
Rate of return 5.26% 6.02% 5.59% 6.61% 7.19% 5.63% 5.35% 5.49%
EPS 2 3.79 3.2 3.92 3.15 3.15 4.269 3.784 4.269
Distribution rate 52.8% 62.5% 51% 66.7% 73% 53.4% 57.2% 52.1%
Net sales 1 2,258,818 3,367,203 3,144,551 3,090,453 2,662,145 2,852,147 2,832,788 2,907,456
EBITDA 1 427,956 491,288 426,895 396,234 332,849 458,097 426,470 440,387
EBIT 1 248,298 288,745 229,168 227,498 150,903 278,871 246,015 252,655
Net income 1 108,363 91,175 112,024 90,072 90,166 121,745 108,199 113,291
Net Debt 1 523,978 853,539 630,265 572,392 582,988 564,552 483,937 409,233
Reference price 2 38.00 33.25 35.75 31.75 32.00 40.50 40.50 40.50
Nbr of stocks (in thousands) 28,562,996 28,562,996 28,562,996 28,562,996 28,562,996 28,324,336 - -
Announcement Date 17/02/22 16/02/23 15/02/24 20/02/25 19/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.36x3.45x6.64x5.32% 1,665B
12.11x1.81x5.73x3.48% 402B
8.08x0.62x4.01x6.45% 296B
7.92x0.91x4.05x3.24% 276B
7.1x0.98x4.06x4.84% 188B
5.98x1.65x2.64x7.63% 148B
4.28x1.71x3.2x7.5% 149B
7.4x0.82x1.96x3.74% 100B
8.29x0.83x4.14x4.85% 79.05B
Average 8.28x 1.42x 4.04x 5.23% 367.04B
Weighted average by Cap. 10.88x 2.34x 5.39x 5.14%

Y-o-Y evolution of P/E

Valuation ratios - P/E - PTT

Historical PBR trend

Valuation ratios - PBR - PTT

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - PTT

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - PTT


Year-on-year evolution of the Yield

Valuation ratios - Yield - PTT