Valuation Thai Union Group

Equities

End-of-day quote Thailand S.E. Other stock markets 15/01/2026			5-day change	1st Jan Change
12.60 ^THB	+0.80%		-5.26%	-1.56%

11-11	Thai Union Group Public Company Limited, Q3 2025 Earnings Call, Nov 03, 2025
11-06	Bualuang Securities Upgrades Thai Union Group to Buy from Sell; Price Target is THB15.60	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	63,305	90,769	78,672	66,827	55,317	48,574	48,574	-
Change	-	43.38%	-13.33%	-15.06%	-17.22%	-12.19%	0%	-
Enterprise Value (EV) ¹	115,434	152,087	126,000	118,365	115,495	101,606	100,469	99,504
Change	-	31.75%	-17.15%	-6.06%	-2.42%	-12.03%	-1.12%	-0.96%
P/E ratio	10.8x	11.7x	11.5x	-4.76x	12x	12.1x	11.2x	9.98x
PBR	1.24x	1.53x	0.98x	1.16x	1.14x	1.09x	1.01x	1x
PEG	-	0.4x	-1x	0x	-0x	-3.77x	1.4x	0.8x
Capitalization / Revenue	0.48x	0.64x	0.51x	0.49x	0.4x	0.36x	0.35x	0.35x
EV / Revenue	0.87x	1.08x	0.81x	0.87x	0.83x	0.76x	0.73x	0.71x
EV / EBITDA	9.25x	12.2x	10.2x	10.7x	9.97x	8.66x	8.05x	7.75x
EV / EBIT	13.5x	18.4x	15.7x	17.1x	16x	14.3x	13.1x	12.1x
EV / FCF	12.1x	71.8x	237x	18.7x	10.5x	9.79x	19.2x	18.8x
FCF Yield	8.3%	1.39%	0.42%	5.34%	9.5%	10.2%	5.2%	5.31%
Dividend per Share ²	0.72	0.95	0.84	0.54	0.66	0.6367	0.6704	0.7692
Rate of return	5.29%	4.87%	4.97%	3.6%	5.08%	5.05%	5.32%	6.1%
EPS ²	1.26	1.66	1.47	-3.15	1.08	1.045	1.129	1.262
Distribution rate	57.1%	57.2%	57.1%	-17.1%	61.1%	60.9%	59.4%	60.9%
Net sales ¹	132,402	141,048	155,586	136,153	138,433	133,575	137,378	140,748
EBITDA ¹	12,482	12,440	12,374	11,103	11,587	11,734	12,487	12,847
EBIT ¹	8,527	8,256	8,050	6,912	7,222	7,119	7,688	8,233
Net income ¹	6,246	8,013	7,138	-13,933	4,985	4,494	4,907	5,486
Net Debt ¹	52,129	61,318	47,328	51,538	60,178	53,031	51,895	50,930
Reference price ²	13.60	19.50	16.90	15.00	13.00	12.60	12.60	12.60
Nbr of stocks (in thousands)	4,654,815	4,654,815	4,655,133	4,455,133	4,255,133	3,855,094	3,855,094	-
Announcement Date	22/02/21	23/02/22	20/02/23	19/02/24	17/02/25	-	-	-

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.($)
THAI UNION GROUP	11.96x	0.76x	8.63x	5.09%	1.53B
MOWI ASA	32.12x	2.24x	11.37x	2.95%	11.84B
SALMAR ASA	51.23x	3.52x	17.14x	3.06%	7.66B
LEROY SEAFOOD	50.12x	1.13x	8.84x	5.24%	2.83B
NISSUI CORPORATION	13.5x	0.62x	9.03x	2.43%	2.21B
AUSTEVOLL SEAFOOD ASA	16.25x	0.68x	4.3x	6.78%	1.9B
Average	29.19x	1.49x	9.88x	4.26%	4.66B
Weighted average by Cap.	35.52x	2.16x	11.88x	3.55%