Valuation AP (Thailand) Thailand S.E.

Stocks

End-of-day quote Thailand S.E. 2026-07-20			5-day change	1st Jan Change
8.000 ^THB	+6.67%		-.--%	-5.33%

08-13	AP Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
07-30	KGI Securities Upgrades AP Thailand to Outperform from Neutral; Price Target is THB9.40	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	30,043	36,492	35,549	25,482	27,055	25,167	-	-
Change	-	21.47%	-2.59%	-28.32%	6.17%	-6.98%	-	-
Enterprise Value (EV) ¹	48,921	57,612	67,592	55,277	49,917	55,002	54,339	50,648
Change	-	17.77%	17.32%	-18.22%	-9.7%	10.19%	-1.21%	-6.79%
P/E	6.63x	6.2x	5.89x	5.06x	6.28x	5.53x	5.11x	4.33x
PBR	0.93x	0.99x	0.87x	0.58x	0.59x	0.51x	0.48x	0.45x
PEG	-	0.2x	2.2x	-0.3x	-0.4x	0.98x	0.62x	0.2x
Capitalization / Revenue	0.94x	0.95x	0.93x	0.69x	0.72x	0.63x	0.61x	0.59x
EV / Revenue	1.54x	1.49x	1.78x	1.49x	1.34x	1.38x	1.31x	1.19x
EV / EBITDA	10.3x	9.44x	10.4x	9.68x	9.19x	10x	9.3x	8.04x
EV / EBIT	10.5x	9.92x	10.9x	10.2x	9.6x	10.7x	10.1x	8.73x
EV / FCF	25.5x	-28.4x	-6.2x	21.8x	27.9x	20.4x	16.1x	15.8x
FCF Yield	3.92%	-3.53%	-16.1%	4.59%	3.58%	4.91%	6.2%	6.32%
Dividend per Share ²	0.5	0.65	0.7	0.6	0.52	0.5505	0.6026	0.6438
Rate of return	5.24%	5.6%	6.19%	7.41%	6.05%	6.88%	7.53%	8.05%
EPS ²	1.44	1.87	1.92	1.6	1.37	1.447	1.566	1.846
Distribution rate	34.7%	34.8%	36.5%	37.5%	38%	38%	38.5%	34.9%
Net sales ¹	31,794	38,539	38,045	36,988	37,345	39,878	41,338	42,502
EBITDA ¹	4,760	6,101	6,500	5,712	5,433	5,502	5,843	6,300
EBIT ¹	4,668	5,810	6,210	5,437	5,197	5,119	5,404	5,804
Net income ¹	4,543	5,877	6,054	5,020	4,317	4,551	4,934	5,285
Net Debt ¹	18,877	21,120	32,043	29,795	22,862	29,835	29,171	25,481
Reference price ²	9.550	11.600	11.300	8.100	8.600	8.000	8.000	8.000
Nbr of stocks (in thousands)	3,145,899	3,145,899	3,145,899	3,145,899	3,145,899	3,145,899	-	-
Announcement Date	2/22/22	2/21/23	2/20/24	2/27/25	2/27/26	-	-	-

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.($)
VINGROUP	65.21x	-	-	-	69.5B
VINHOMES	9.52x	3.6x	7.96x	-.--%	22.41B
VONOVIA SE	7.05x	15.49x	18.4x	7.16%	17.22B
EMAAR DEVELOPMENT	4.4x	0.06x	0.1x	7.35%	14.81B
DEUTSCHE WOHNEN SE	7.48x	16.02x	-	7.07%	7.37B
CHINA VANKE CO., LTD.	-1.37x	1.53x	-18556.4x	-.--%	5.48B
OPEN HOUSE GROUP CO., LTD.	7.15x	0.76x	6.2x	2.84%	5.32B
LEG IMMOBILIEN SE	4.38x	13.24x	19.21x	6.53%	4B
Average	12.98x	7.24x	-3,084.09x	4.42%	18.27B
Weighted average by Cap.	34.46x	6.94x	-1,459.28x	4.25%