Company Valuation: Chewathai

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 650.3 1,313 956.3 624.8 433.5 331.5
Change - 101.96% -27.18% -34.67% -30.61% -23.53%
Enterprise Value (EV) 1 4,653 4,789 4,545 4,089 2,970 2,867
Change - 2.92% -5.09% -10.03% -27.37% -3.47%
P/E 5.4x 18.7x 8.28x -9.04x -1.22x -0.81x
PBR 0.35x 0.69x 0.48x 0.33x 0.28x 0.29x
PEG - -0.4x 0.1x 0x -0x -0.1x
Capitalization / Revenue 0.4x 0.62x 0.45x 0.33x 0.23x 0.39x
EV / Revenue 2.85x 2.25x 2.13x 2.18x 1.56x 3.34x
EV / EBITDA -226x 26.1x 20.1x 187x -12.3x -9.96x
EV / EBIT -103x 28.6x 20.9x 314x -12.1x -9.89x
EV / FCF -38.8x 9.34x 52x 14.6x 2.87x 9.12x
FCF Yield -2.58% 10.7% 1.92% 6.86% 34.8% 11%
Dividend per Share 2 0.0209 0.0259 0.0183 - - -
Rate of return 4.1% 2.51% 2.44% - - -
EPS 2 0.0945 0.055 0.0905 -0.0542 -0.2795 -0.3222
Distribution rate 22.1% 47.1% 20.2% - - -
Net sales 1 1,634 2,124 2,130 1,879 1,903 858.3
EBITDA 1 -20.58 183.7 225.9 21.84 -241.3 -287.8
EBIT 1 -45.24 167.6 217.1 13.02 -245.9 -290
Net income 1 120.4 70.13 115.4 -69.11 -356.4 -410.8
Net Debt 1 4,003 3,476 3,589 3,465 2,537 2,536
Reference price 2 0.5100 1.0300 0.7500 0.4900 0.3400 0.2600
Nbr of stocks (in thousands) 1,275,028 1,275,028 1,275,028 1,275,028 1,275,029 1,275,029
Announcement Date 2/15/21 2/17/22 2/14/23 2/12/24 2/13/25 2/13/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 5.28M
65.15x - - - 69.9B
12.5x4.38x11.24x3.85% 39.6B
18.33x4.01x16.12x1.34% 28.21B
5.68x0.75x1.56x8.71% 27.62B
14.35x3.14x15.02x2.44% 26.41B
8.02x1.47x8.22x4.41% 26.72B
10.23x2.01x7.74x4.1% 20.57B
8.43x2.96x6.93x-.--% 20.18B
13.05x6.39x16.81x1.67% 18.65B
Average 17.31x 3.14x 10.46x 3.32% 27.79B
Weighted average by Cap. 24.98x 3.12x 10.44x 3.5%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Chewathai

Historical PBR trend

Valuation ratios - PBR - Chewathai

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Chewathai

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Chewathai