Company Valuation: Ratch Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 65,250 92,981 68,512 65,250 64,162 69,056 - -
Change - 42.5% -26.32% -4.76% -1.67% 7.63% - -
Enterprise Value (EV) 1 119,408 157,615 134,919 149,654 164,148 167,008 151,321 145,401
Change - 32% -14.4% 10.92% 9.68% 1.74% -9.39% -3.91%
P/E 8.4x 13.6x 13.2x 10.6x 10.3x 10.6x 10.1x 10.1x
PBR 0.93x 0.95x 0.7x 0.68x 0.69x 0.7x 0.66x 0.65x
PEG - -0.3x -0.5x 0.6x 7.26x 2.13x 2.02x -38.78x
Capitalization / Revenue 1.75x 1.24x 1.57x 1.97x 2.37x 1.98x 2.16x 1.56x
EV / Revenue 3.2x 2.11x 3.09x 4.52x 6.06x 4.78x 4.73x 3.29x
EV / EBITDA 25.7x 27.7x 19.4x 22.6x 28.4x 17.5x 14.2x 16.7x
EV / EBIT 47.6x 59.3x 46.8x 58x 78.9x 43.2x 29.5x 30.4x
EV / FCF 22.7x 30.7x 17.5x 24.5x 15x 7.67x 6.91x 6.28x
FCF Yield 4.41% 3.25% 5.71% 4.08% 6.65% 13% 14.5% 15.9%
Dividend per Share 2 2.5 1.6 1.6 1.6 1.6 1.6 1.623 1.627
Rate of return 5.56% 3.74% 5.08% 5.33% 5.42% 5.04% 5.11% 5.12%
EPS 2 5.36 3.15 2.38 2.82 2.86 3.002 3.152 3.144
Distribution rate 46.6% 50.8% 67.2% 56.7% 55.9% 53.3% 51.5% 51.7%
Net sales 1 37,327 74,725 43,675 33,133 27,082 34,949 31,962 44,233
EBITDA 1 4,653 5,697 6,948 6,609 5,789 9,548 10,626 8,710
EBIT 1 2,508 2,660 2,883 2,581 2,082 3,863 5,138 4,779
Net income 1 7,772 5,782 5,167 6,127 6,220 6,536 6,878 6,822
Net Debt 1 54,158 64,634 66,407 84,404 99,985 97,952 82,265 76,345
Reference price 2 45.00 42.75 31.50 30.00 29.50 31.75 31.75 31.75
Nbr of stocks (in thousands) 1,450,000 2,175,000 2,175,000 2,175,000 2,175,000 2,175,000 - -
Announcement Date 23/02/22 28/02/23 27/02/24 25/02/25 27/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.32x7.87x20.42x-.--% 46.02B
16.71x2.93x11.17x2.5% 36.5B
16.34x5.36x11.13x0.02% 16.38B
14.51x4.64x8.34x3.76% 15.78B
6.97x2.81x7.55x5.85% 11.17B
33.56x4.69x10.84x3.77% 8.14B
9.92x1.43x8.55x5.46% 7.49B
15.69x - - - 4.62B
Average 18.25x 4.25x 11.14x 3.05% 18.26B
Weighted average by Cap. 21.16x 5.02x 13.41x 2.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield