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 84,825 - -
Change - 42.5% -26.32% -4.76% -1.67% 32.2% - -
Enterprise Value (EV) 1 119,408 157,615 134,919 149,654 164,148 182,777 167,090 161,170
Change - 32% -14.4% 10.92% 9.68% 11.35% -8.58% -3.54%
P/E 8.4x 13.6x 13.2x 10.6x 10.3x 12.7x 11.9x 11.6x
PBR 0.93x 0.95x 0.7x 0.68x 0.69x 0.85x 0.81x 0.79x
PEG - -0.3x -0.5x 0.6x 7.26x 1.65x 1.98x 3.93x
Capitalization / Revenue 1.75x 1.24x 1.57x 1.97x 2.37x 2.41x 2.5x 2.08x
EV / Revenue 3.2x 2.11x 3.09x 4.52x 6.06x 5.19x 4.93x 3.96x
EV / EBITDA 25.7x 27.7x 19.4x 22.6x 28.4x 19.3x 15.9x 16.2x
EV / EBIT 47.6x 59.3x 46.8x 58x 78.9x 45.2x 37.5x 36.1x
EV / FCF 22.7x 30.7x 17.5x 24.5x 15x 8.39x 7.63x 6.96x
FCF Yield 4.41% 3.25% 5.71% 4.08% 6.65% 11.9% 13.1% 14.4%
Dividend per Share 2 2.5 1.6 1.6 1.6 1.6 1.606 1.626 1.627
Rate of return 5.56% 3.74% 5.08% 5.33% 5.42% 4.12% 4.17% 4.17%
EPS 2 5.36 3.15 2.38 2.82 2.86 3.08 3.265 3.361
Distribution rate 46.6% 50.8% 67.2% 56.7% 55.9% 52.1% 49.8% 48.4%
Net sales 1 37,327 74,725 43,675 33,133 27,082 35,233 33,895 40,691
EBITDA 1 4,653 5,697 6,948 6,609 5,789 9,451 10,535 9,958
EBIT 1 2,508 2,660 2,883 2,581 2,082 4,047 4,455 4,462
Net income 1 7,772 5,782 5,167 6,127 6,220 6,710 7,117 7,304
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 39.00 39.00 39.00
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.66x7.7x20.34x-.--% 43.36B
16.36x2.89x11.02x2.55% 35.22B
16.53x5x9.05x3.34% 18.08B
17.66x5.72x12.2x0.02% 18.08B
7.95x2.92x7.86x5.12% 12.75B
29.38x4.58x10.81x3.81% 8.14B
10.38x1.45x8.68x5.22% 7.91B
5.35x0.6x3.62x4.2% 5.36B
Average 17.03x 3.86x 10.45x 3.03% 18.61B
Weighted average by Cap. 20.56x 4.83x 12.96x 2.09%

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