Valuation AP (Thailand)

Stocks

End-of-day quote Thailand S.E. 2026-11-10			5-day change	1st Jan Change
8.050 ^THB	+0.63%		+3.87%	-6.40%

10-14	AP (Thailand) Issues THB1 Billion in Debentures	MT
10-14	AP PCL. Issues Debentures Totaling THB 1,000 Million	CI

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	25,324	-	-
Change	-	21.47%	-2.59%	-28.32%	6.17%	-6.4%	-	-
Enterprise Value (EV) ¹	48,921	57,612	67,592	55,277	49,917	55,047	54,504	50,805
Change	-	17.77%	17.32%	-18.22%	-9.7%	10.28%	-0.99%	-6.79%
P/E	6.63x	6.2x	5.89x	5.06x	6.28x	5.59x	5.2x	4.4x
PBR	0.93x	0.99x	0.87x	0.58x	0.59x	0.52x	0.49x	0.46x
PEG	-	0.2x	2.2x	-0.3x	-0.4x	1.09x	0.69x	0.2x
Capitalization / Revenue	0.94x	0.95x	0.93x	0.69x	0.72x	0.63x	0.62x	0.6x
EV / Revenue	1.54x	1.49x	1.78x	1.49x	1.34x	1.38x	1.33x	1.2x
EV / EBITDA	10.3x	9.44x	10.4x	9.68x	9.19x	10x	9.28x	8.16x
EV / EBIT	10.5x	9.92x	10.9x	10.2x	9.6x	10.9x	10.2x	8.85x
EV / FCF	25.5x	-28.4x	-6.2x	21.8x	27.9x	19.1x	15.6x	16.7x
FCF Yield	3.92%	-3.53%	-16.1%	4.59%	3.58%	5.25%	6.41%	5.98%
Dividend per Share ²	0.5	0.65	0.7	0.6	0.52	0.5522	0.5964	0.6362
Rate of return	5.24%	5.6%	6.19%	7.41%	6.05%	6.86%	7.41%	7.9%
EPS ²	1.44	1.87	1.92	1.6	1.37	1.44	1.55	1.831
Distribution rate	34.7%	34.8%	36.5%	37.5%	38%	38.3%	38.5%	34.7%
Net sales ¹	31,794	38,539	38,045	36,988	37,345	39,960	40,941	42,256
EBITDA ¹	4,760	6,101	6,500	5,712	5,433	5,504	5,874	6,229
EBIT ¹	4,668	5,810	6,210	5,437	5,197	5,064	5,361	5,741
Net income ¹	4,543	5,877	6,054	5,020	4,317	4,540	4,878	5,231
Net Debt ¹	18,877	21,120	32,043	29,795	22,862	29,723	29,180	25,481
Reference price ²	9.550	11.600	11.300	8.100	8.600	8.050	8.050	8.050
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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
AP (THAILAND)	5.55x	1.37x	9.97x	6.9%	753M
VINGROUP	63.37x	-	-	-	70.89B
SUN HUNG KAI PROPERTIES LIMITED	13.69x	4.73x	12.13x	3.52%	42.4B
EMAAR PROPERTIES	5.91x	0.8x	1.59x	8.22%	31.04B
MITSUBISHI ESTATE CO., LTD.	19.75x	4.09x	16.57x	1.24%	30.62B
CHINA RESOURCES LAND LIMITED	8.71x	1.55x	8.59x	4.04%	28.91B
MITSUI FUDOSAN CO., LTD.	14.55x	3.13x	15.03x	2.4%	26.38B
CK ASSET HOLDINGS LIMITED	10.92x	2.15x	8.32x	3.85%	22.25B
DLF LIMITED	39.12x	19.32x	68.55x	1.14%	19.93B
ALPHA DHABI HOLDING	7.71x	0.85x	3.11x	2.9%	19.74B
Average	18.93x	4.22x	15.98x	3.8%	29B
Weighted average by Cap.	26.20x	4.18x	15.03x	3.57%