Company Valuation: After You

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 8,115 9,298 7,504 8,972 3,948 3,475 -
Change - 14.57% -19.3% 19.57% -56% -11.98% -
Enterprise Value (EV) 1 8,115 9,051 7,262 8,668 3,558 2,968 2,917
Change - 11.53% -19.76% 19.36% -58.96% -16.59% -1.72%
P/E 1,990x 78.6x 42.2x 30.3x 19.4x 20.3x 15.5x
PBR - - 7.64x 8.1x 3.82x 3.46x 3.44x
PEG - 0x 0.8x 0.5x -0.6x -1.3x 0.5x
Capitalization / Revenue 13.1x 9.92x 6.16x 5.69x 2.44x 2.14x 1.95x
EV / Revenue 13.1x 9.65x 5.97x 5.5x 2.2x 1.83x 1.64x
EV / EBITDA 49.6x 29.4x 18.4x 15.7x 7.75x 6.95x 5.89x
EV / EBIT 1,333x 58.4x 31.6x 23.2x 13.3x 13x 12.5x
EV / FCF 86.9x 44.4x 26.7x 26.4x 12.9x 9.83x 12.1x
FCF Yield 1.15% 2.25% 3.75% 3.79% 7.73% 10.2% 8.26%
Dividend per Share 2 - - 0.21 0.33 0.21 0.21 0.26
Rate of return - - 2.28% 3% 4.34% 4.93% 6.1%
EPS 2 0.005 0.145 0.218 0.363 0.25 0.21 0.275
Distribution rate - - 96.3% 90.9% 84% 100% 94.5%
Net sales 1 619.7 937.7 1,217 1,577 1,616 1,620 1,780
EBITDA 1 163.7 308.4 393.6 550.4 459.2 427 495.5
EBIT 1 6.089 155 230 373.6 268.5 228 234
Net income 1 4.446 118.5 178.2 296.2 204.1 175 222.5
Net Debt 1 - -247.1 -241.6 -303.4 -389.7 -507 -558
Reference price 2 9.950 11.400 9.200 11.000 4.840 4.260 4.260
Nbr of stocks (in thousands) 815,624 815,624 815,624 815,624 815,624 815,624 -
Announcement Date 2/21/22 2/21/23 2/23/24 2/24/25 2/24/26 - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.1x7.86x14.2x2.91% 182B
32.86x4x22.64x-.--% 46.86B
17.57x5.7x17.05x2.05% 39.93B
17.82x4.02x12.5x3.27% 27.51B
14.49x1.04x6.81x2.78% 14.57B
17x2.98x13.9x2.46% 10.71B
29.79x2.47x - 0.81% 6.97B
19.15x2.09x8.5x4.05% 5.44B
Average 21.10x 3.77x 13.66x 2.29% 41.78B
Weighted average by Cap. 21.24x 6.08x 15.18x 2.39%

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

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