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 2,166 - -
Change - -6.31% - 9.02% -15.17% - -
Enterprise Value (EV) 1 4,886 4,578 2,342 2,885 2,299 1,948 1,632
Change - -6.31% - 23.17% -20.3% -15.27% -16.22%
P/E 15x 15.3x -33.3x 16.1x 9.84x 7.45x 6.47x
PBR 0.95x - - 0.53x 0.44x 0.42x 0.4x
PEG - -1.89x - -0x 0.3x 0.2x 0.4x
Capitalization / Revenue 0.54x 0.44x - 0.28x 0.19x 0.21x 0.2x
EV / Revenue 0.54x 0.44x - 0.31x 0.2x 0.19x 0.15x
EV / EBITDA 5.04x 4.97x - 4.03x 3.25x 2.4x 1.87x
EV / EBIT - - - 11.5x 9.05x 5.61x 4.1x
EV / FCF - - - 5.05x -5.66x -7.11x -4.47x
FCF Yield - - - 19.8% -17.7% -14.1% -22.4%
Dividend per Share 2 0.2159 - - 0.057 0.08 0.11 0.13
Rate of return 3.89% - - 1.97% 3.25% 4.47% 5.28%
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 2.460 2.460 2.460
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.84x0.2x3.25x3.25% 64.11M
22.13x2.98x14.67x3.71% 264B
19.78x2.56x15.17x3.15% 82.2B
17.61x1.81x10.32x3.57% 47.06B
14.23x0.51x9.17x2.72% 37.07B
19.13x3.04x12.2x3.47% 33.28B
35.04x3.03x17.67x1.06% 31.02B
29.64x5.83x19.18x3.06% 30B
-8.58x1.86x9.3x6.59% 28.86B
Average 17.65x 2.43x 12.33x 3.4% 61.56B
Weighted average by Cap. 20.22x 2.75x 13.99x 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