Valuation Sappe Thailand S.E.

Stocks

End-of-day quote Thailand S.E. Other stock markets 08/04/2026			5-day change	1st Jan Change
30.75 ^THB	-9.56%		-.--%	-9.56%

06-16	Daol Securities Upgrades Sappe to Buy from Hold; Price Target is THB33	MT
05-28	Yuanta Securities Upgrades Sappe to Buy from Hold, Price Target is THB39.50	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	8,035	13,642	26,667	20,866	9,319	9,845	-	-
Change	-	69.78%	95.48%	-21.75%	-55.34%	5.65%	-	-
Enterprise Value (EV) ¹	8,035	13,353	26,122	20,105	8,636	8,973	8,815	8,790
Change	-	66.19%	95.62%	-23.03%	-57.05%	3.9%	-1.76%	-0.29%
P/E	19.6x	20.9x	24.8x	16.6x	12.2x	12.7x	11.1x	10.1x
PBR	2.77x	4.19x	6.99x	4.76x	2.19x	2.1x	1.93x	1.79x
PEG	-	0.4x	0.4x	1x	-0.3x	12.85x	0.7x	1.07x
Capitalization / Revenue	2.33x	2.99x	4.41x	3.08x	1.77x	1.77x	1.66x	1.57x
EV / Revenue	2.33x	2.92x	4.32x	2.97x	1.64x	1.62x	1.49x	1.41x
EV / EBITDA	10.8x	13.1x	16.9x	11.1x	7.12x	7.22x	6.32x	5.98x
EV / EBIT	14.7x	16.1x	19.1x	12.8x	8.97x	9.17x	7.53x	7.31x
EV / FCF	-	19.1x	29.4x	-249x	25.4x	17.9x	13.7x	10.1x
FCF Yield	-	5.24%	3.4%	-0.4%	3.94%	5.59%	7.32%	9.89%
Dividend per Share ²	1.1	-	-	-	-	1.577	1.778	1.945
Rate of return	4.19%	-	-	-	-	4.85%	5.47%	5.98%
EPS ²	1.34	2.12	3.49	4.07	2.53	2.555	2.937	3.215
Distribution rate	82.1%	-	-	-	-	61.7%	60.5%	60.5%
Net sales ¹	3,444	4,566	6,053	6,775	5,253	5,554	5,924	6,251
EBITDA ¹	743.4	1,018	1,546	1,804	1,213	1,243	1,394	1,470
EBIT ¹	545.5	830.5	1,368	1,567	962.6	978.1	1,170	1,203
Net income ¹	410.8	653.2	1,074	1,253	776.2	786.3	902.5	988.1
Net Debt ¹	-	-288.4	-544.7	-760.7	-683.1	-872.2	-1,030	-1,055
Reference price ²	26.25	44.25	86.50	67.75	30.75	32.50	32.50	32.50
Nbr of stocks (in thousands)	306,087	308,289	308,289	307,987	303,055	302,925	-	-
Announcement Date	24/02/22	28/02/23	27/02/24	24/02/25	27/02/26	-	-	-