Valuation Thai Beverage OTC Markets

Stocks

Delayed OTC Markets Other stock markets 17:59:42 23/06/2026 BST			5-day change	1st Jan Change
0.3358 ^USD	-2.91%		-.--%	-4.06%

06-10	RHB Adjusts Thai Beverage Public Company's Price Target to SG$0.56 from SG$0.62, Keeps at Buy	MT
05-21	Maybank Securities Upgrades Thai Beverage Public Company to Buy from Hold; Adjusts Price Target to SG$0.48 from SG$0.43	MT

Data adjusted to current consolidation scope

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	407,676	396,474	386,809	338,955	293,980	290,422	-	-
Change	-	-2.75%	-2.44%	-12.37%	-13.27%	-1.21%	-	-
Enterprise Value (EV) ¹	592,999	556,888	550,339	525,552	477,513	456,427	442,846	432,811
Change	-	-6.09%	-1.18%	-4.5%	-9.14%	-4.42%	-2.98%	-2.27%
P/E	16.6x	13.2x	14.1x	12.5x	11.6x	10.8x	10.1x	9.55x
PBR	2.38x	1.93x	1.92x	2.27x	2.08x	1.87x	1.73x	1.6x
PEG	-	0.6x	-1.54x	-13.63x	-1.79x	1.97x	1.34x	1.69x
Capitalization / Revenue	1.69x	1.46x	1.39x	1x	0.88x	0.86x	0.83x	0.79x
EV / Revenue	2.47x	2.04x	1.97x	1.54x	1.43x	1.35x	1.26x	1.18x
EV / EBITDA	14.3x	12x	12.5x	9.37x	8.82x	8.27x	7.81x	7.36x
EV / EBIT	17.6x	14.4x	15.2x	11.5x	10.9x	10.1x	9.57x	8.91x
EV / FCF	20.7x	13.4x	20.2x	18.1x	14.5x	10.3x	10.7x	10.7x
FCF Yield	4.84%	7.48%	4.96%	5.54%	6.92%	9.73%	9.31%	9.35%
Dividend per Share ²	0.5	0.6	0.6	0.62	0.62	0.618	0.6315	0.6595
Rate of return	3.08%	3.8%	3.9%	4.6%	5.3%	5.35%	5.46%	5.71%
EPS ²	0.98	1.2	1.09	1.08	1.01	1.065	1.146	1.211
Distribution rate	51%	50%	55%	57.4%	61.4%	58%	55.1%	54.5%
Net sales ¹	240,543	272,359	279,085	340,289	333,286	337,115	351,695	365,387
EBITDA ¹	41,613	46,344	43,971	56,074	54,157	55,188	56,727	58,767
EBIT ¹	33,782	38,583	36,229	45,874	43,811	45,012	46,290	48,581
Net income ¹	24,645	30,106	27,434	27,216	25,361	27,067	28,882	30,364
Net Debt ¹	185,323	160,414	163,530	186,597	183,534	166,005	152,424	142,389
Reference price ²	16.23	15.78	15.40	13.49	11.70	11.56	11.56	11.56
Nbr of stocks (in thousands)	25,118,755	25,120,888	25,124,754	25,127,675	25,130,487	25,131,686	-	-
Announcement Date	26/11/21	25/11/22	22/11/23	21/11/24	25/11/25	-	-	-

¹THB in Million²THB

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
DIAGEO PLC	13.26x	3.34x	10.31x	2.62%	45.55B
PERNOD RICARD	11.51x	2.77x	9.18x	7.31%	18.39B
BROWN-FORMAN CORPORATION	15.37x	3.54x	12.02x	3.64%	12.1B
RADICO KHAITAN LIMITED	88.82x	8.65x	53.52x	0.15%	5.48B
EMPERADOR INC.	40.04x	4.61x	25.29x	0.78%	3.94B
RÉMY COINTREAU	25.26x	3.07x	13.47x	2.21%	2.57B
ALLIED BLENDERS AND DISTILLERS LIMITED	56.05x	4.3x	29.99x	0.83%	1.92B
FEVERTREE DRINKS PLC	29.63x	2.11x	16.97x	2.32%	1.22B
Average	34.99x	4.05x	21.34x	2.48%	11.4B
Weighted average by Cap.	20.34x	3.62x	14.14x	3.42%