Company Valuation: Thai Wah

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2024 2025 2026 2027 2028
Market Cap 1 4,886 4,578 2,342 2,553 2,148 - -
Change - -6.31% - 9.02% -15.86% - -
Enterprise Value (EV) 1 4,886 4,578 2,342 2,885 2,281 1,930 1,614
Change - -6.31% - 23.17% -20.91% -15.39% -16.37%
P/E 15x 15.3x -33.3x 16.1x 9.76x 7.39x 6.42x
PBR 0.95x - - 0.53x 0.43x 0.42x 0.4x
PEG - -1.89x - -0x 0.3x 0.2x 0.4x
Capitalization / Revenue 0.54x 0.44x - 0.28x 0.19x 0.2x 0.2x
EV / Revenue 0.54x 0.44x - 0.31x 0.2x 0.18x 0.15x
EV / EBITDA 5.04x 4.97x - 4.03x 3.23x 2.38x 1.85x
EV / EBIT - - - 11.5x 8.98x 5.56x 4.06x
EV / FCF - - - 5.05x -5.62x -7.04x -4.42x
FCF Yield - - - 19.8% -17.8% -14.2% -22.6%
Dividend per Share 2 0.2159 - - 0.057 0.08 0.11 0.13
Rate of return 3.89% - - 1.97% 3.28% 4.51% 5.33%
EPS 2 0.37 0.34 -0.08 0.18 0.25 0.33 0.38
Distribution rate 58.4% - - 31.7% 32% 33.3% 34.2%
Net sales 1 9,105 10,421 - 9,206 11,220 10,515 10,866
EBITDA 1 969.5 920.4 - 715.4 707 810 872
EBIT 1 - - - 251.2 254 347 398
Net income 1 323 298.2 -71.41 155.9 219 289 331
Net Debt 1 - - - 331.3 133 -218 -534
Reference price 2 5.550 5.200 2.660 2.900 2.440 2.440 2.440
Nbr of stocks (in thousands) 880,421 880,421 880,421 880,421 880,421 - -
Announcement Date 22/02/22 21/02/23 17/02/25 24/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.13x2.98x14.67x3.71% 264B
19.43x2.56x15.17x3.15% 82.2B
17.61x1.81x10.38x3.58% 47.06B
14.23x0.51x9.17x2.72% 37.07B
19.29x3.04x12.22x3.47% 33.28B
35.04x3.03x17.67x1.06% 31.02B
29.64x5.83x19.18x3.06% 30B
-8.58x1.86x9.3x6.59% 28.86B
Average 18.60x 2.70x 13.47x 3.42% 69.24B
Weighted average by Cap. 20.18x 2.75x 14.00x 3.5%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Thai Wah

Historical PBR trend

Valuation ratios - PBR - Thai Wah

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Thai Wah

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Thai Wah


Year-on-year evolution of the Yield

Valuation ratios - Yield - Thai Wah