Company Valuation: Thaicom

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,386 15,784 14,469 13,920 9,481 11,948 - -
Change - 27.43% -8.33% -3.79% -31.89% 26.01% - -
Enterprise Value (EV) 1 13,323 12,092 12,925 13,429 9,879 12,644 15,808 11,948
Change - -9.24% 6.89% 3.9% -26.44% 27.99% 25.02% -24.42%
P/E 86.9x 360x 41.3x -635x 216x 47.4x 93.4x 46.4x
PBR 1.11x 1.5x 1.41x 1.39x 0.94x 1.19x 1.17x -
PEG - -5.2x 0x 6x -1x 0x -1.9x 0x
Capitalization / Revenue 3.75x 5.1x 5.51x 5.77x 3.83x 5.74x 4.09x 4.2x
EV / Revenue 4.03x 3.91x 4.92x 5.57x 3.99x 6.07x 5.41x 4.2x
EV / EBITDA 11.2x 10.9x 14.4x 23.2x 12.2x 18.5x 14.6x 8.66x
EV / EBIT 193x 24.9x 51.9x -637x 76x -56.2x 111x 20.3x
EV / FCF 11.6x 6.23x -27.8x -11x -6.86x -13.3x -5.87x 17.3x
FCF Yield 8.65% 16.1% -3.59% -9.06% -14.6% -7.55% -17% 5.79%
Dividend per Share 2 - 0.5 0.13 - - 0.035 0.0333 -
Rate of return - 3.47% 0.98% - - 0.32% 0.31% -
EPS 2 0.13 0.04 0.32 -0.02 0.04 0.23 0.1167 0.235
Distribution rate - 1,250% 40.6% - - 15.2% 28.6% -
Net sales 1 3,303 3,096 2,627 2,413 2,474 2,083 2,922 2,846
EBITDA 1 1,189 1,107 899 579.9 809.4 683.3 1,080 1,380
EBIT 1 69.19 486.3 249 -21.09 130 -225 142 589
Net income 1 143.6 42.21 353.6 -22.84 40 97 128.7 262
Net Debt 1 936.8 -3,692 -1,543 -491.6 397.3 696 3,860 -
Reference price 2 11.30 14.40 13.20 12.70 8.65 10.90 10.90 10.90
Nbr of stocks (in thousands) 1,096,102 1,096,102 1,096,102 1,096,102 1,096,102 1,096,102 - -
Announcement Date 04/02/22 10/02/23 08/02/24 07/02/25 10/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
47.39x6.07x18.5x0.32% 355M
7.43x1.33x4.82x5.92% 79.12B
61.24x3.37x21.64x-.--% 25.47B
-38.21x110.01x-70.26x-.--% 16.79B
-207.71x32.98x66.13x-.--% 10.17B
47.69x6.76x12.82x1.34% 4.85B
22.85x4.48x10.95x2.19% 3.83B
-19.35x2.57x5.95x7.15% 3.33B
-6.91x3.3x6.28x-.--% 2.69B
Average -9.51x 18.98x 8.54x 1.88% 16.29B
Weighted average by Cap. -2.41x 16.66x 3.90x 3.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield