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 67,425 - -
Change - 42.5% -26.32% -4.76% -1.67% 5.08% - -
Enterprise Value (EV) 1 119,408 157,615 134,919 149,654 164,148 164,720 143,478 141,882
Change - 32% -14.4% 10.92% 9.68% 0.35% -12.9% -1.11%
P/E 8.4x 13.6x 13.2x 10.6x 10.3x 10.2x 9.7x 9.64x
PBR 0.93x 0.95x 0.7x 0.68x 0.69x 0.68x 0.65x 0.63x
PEG - -0.3x -0.5x 0.6x 7.26x 1.54x 2.01x 16.93x
Capitalization / Revenue 1.75x 1.24x 1.57x 1.97x 2.37x 1.94x 2.05x 2.04x
EV / Revenue 3.2x 2.11x 3.09x 4.52x 6.06x 4.75x 4.37x 4.3x
EV / EBITDA 25.7x 27.7x 19.4x 22.6x 28.4x 16.9x 13.3x 15.9x
EV / EBIT 47.6x 59.3x 46.8x 58x 78.9x 40.1x 26.4x 27.9x
EV / FCF 22.7x 30.7x 17.5x 24.5x 15x 7.56x 6.55x 6.13x
FCF Yield 4.41% 3.25% 5.71% 4.08% 6.65% 13.2% 15.3% 16.3%
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% 5.16% 5.24% 5.25%
EPS 2 5.36 3.15 2.38 2.82 2.86 3.05 3.198 3.216
Distribution rate 46.6% 50.8% 67.2% 56.7% 55.9% 52.5% 50.8% 50.6%
Net sales 1 37,327 74,725 43,675 33,133 27,082 34,680 32,838 33,027
EBITDA 1 4,653 5,697 6,948 6,609 5,789 9,722 10,780 8,918
EBIT 1 2,508 2,660 2,883 2,581 2,082 4,106 5,445 5,091
Net income 1 7,772 5,782 5,167 6,127 6,220 6,639 6,974 6,976
Net Debt 1 54,158 64,634 66,407 84,404 99,985 97,295 76,054 74,457
Reference price 2 45.00 42.75 31.50 30.00 29.50 31.00 31.00 31.00
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.($)
31.4x7.62x19.57x-.--% 45.04B
16.6x2.92x11.12x2.51% 36.53B
18.4x6.29x12.9x0.02% 18.6B
14.43x4.63x8.32x3.78% 15.78B
7.61x2.92x7.8x5.37% 12.38B
10.74x1.47x8.78x5.04% 8.21B
33.02x4.64x10.73x3.83% 8.11B
18.3x - - 2.43% 5.17B
Average 18.81x 4.35x 11.32x 2.87% 18.73B
Weighted average by Cap. 20.93x 5.02x 13.24x 2.02%

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

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