Company Valuation: CP ALL

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 530,003 613,097 503,054 500,808 387,650 403,246 - -
Change - 15.68% -17.95% -0.45% -22.59% 4.02% - -
Enterprise Value (EV) 1 895,146 893,025 763,083 737,120 660,360 685,212 707,655 693,455
Change - -0.24% -14.55% -3.4% -10.41% 3.76% 3.28% -2.01%
P/E 44.4x 49.1x 27.9x 20.1x 14x 13.3x 12.1x 11.2x
PBR 5.09x 6.09x 4.53x 3.95x 2.83x 2.66x 2.4x 2.19x
PEG - 10.88x 0.6x 0.5x 1.2x 1.3x 1.28x 1.38x
Capitalization / Revenue 0.94x 0.74x 0.56x 0.52x 0.39x 0.39x 0.37x 0.36x
EV / Revenue 1.58x 1.08x 0.85x 0.77x 0.67x 0.66x 0.65x 0.61x
EV / EBITDA 20.8x 12.3x 9.78x 8.45x 7.29x 7.24x 7.13x 6.66x
EV / EBIT 49.2x 24.9x 18.4x 14.7x 12.5x 12.3x 11.8x 10.9x
EV / FCF 27.8x 20.2x 12.1x 13.8x 13.3x 13.7x 15.5x 13.7x
FCF Yield 3.6% 4.95% 8.24% 7.22% 7.54% 7.3% 6.47% 7.29%
Dividend per Share 2 0.6 0.75 1 1 1.65 1.767 1.905 2.096
Rate of return 1.02% 1.1% 1.79% 1.79% 3.79% 3.9% 4.21% 4.63%
EPS 2 1.33 1.39 2.01 2.77 3.1 3.41 3.732 4.035
Distribution rate 45.1% 54% 49.8% 36.1% 53.2% 51.8% 51% 51.9%
Net sales 1 565,207 829,099 895,281 958,998 990,663 1,033,212 1,086,519 1,132,536
EBITDA 1 42,992 72,352 78,034 87,269 90,540 94,689 99,224 104,112
EBIT 1 18,196 35,808 41,451 50,064 52,764 55,510 60,011 63,653
Net income 1 12,985 13,272 18,482 25,346 28,206 30,710 33,438 36,031
Net Debt 1 365,143 279,928 260,029 236,312 272,710 281,967 304,409 290,210
Reference price 2 59.00 68.25 56.00 55.75 43.50 45.25 45.25 45.25
Nbr of stocks (in thousands) 8,983,101 8,983,101 8,983,101 8,983,101 8,911,503 8,911,503 - -
Announcement Date 2/24/22 2/23/23 2/23/24 2/25/25 2/25/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.53x1.21x18.51x0.92% 858B
23.79x1.14x9.94x1% 50.97B
15.73x0.54x7.92x3.27% 40.3B
15.94x0.63x11.77x2.79% 39.16B
12.3x0.34x6.45x2.39% 37.1B
26.62x0.83x9.59x2.77% 33.89B
11.91x0.46x5.79x3.95% 32.24B
20.39x0.76x6.32x1.27% 26.63B
51.91x0.56x9.39x1.09% 24.11B
Average 24.01x 0.72x 9.52x 2.16% 126.88B
Weighted average by Cap. 33.44x 1.08x 16.03x 1.27%

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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