Company Valuation: CP ALL

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 530,003 613,097 503,054 500,808 387,650 416,613 - -
Change - 15.68% -17.95% -0.45% -22.59% 7.47% - -
Enterprise Value (EV) 1 895,146 893,025 763,083 737,120 660,360 755,864 703,968 695,951
Change - -0.24% -14.55% -3.4% -10.41% 14.46% -6.87% -1.14%
P/E 44.4x 49.1x 27.9x 20.1x 14x 13.7x 12.5x 11.4x
PBR 5.09x 6.09x 4.53x 3.95x 2.83x 2.75x 2.47x 2.23x
PEG - 10.88x 0.6x 0.5x 1.2x 1.3x 1.34x 1.15x
Capitalization / Revenue 0.94x 0.74x 0.56x 0.52x 0.39x 0.4x 0.38x 0.37x
EV / Revenue 1.58x 1.08x 0.85x 0.77x 0.67x 0.72x 0.65x 0.61x
EV / EBITDA 20.8x 12.3x 9.78x 8.45x 7.29x 8.03x 7.05x 6.6x
EV / EBIT 49.2x 24.9x 18.4x 14.7x 12.5x 13.3x 11.7x 10.9x
EV / FCF 27.8x 20.2x 12.1x 13.8x 13.3x 13.2x 15.3x 14.1x
FCF Yield 3.6% 4.95% 8.24% 7.22% 7.54% 7.6% 6.54% 7.1%
Dividend per Share 2 0.6 0.75 1 1 1.65 1.764 1.908 2.103
Rate of return 1.02% 1.1% 1.79% 1.79% 3.79% 3.77% 4.08% 4.5%
EPS 2 1.33 1.39 2.01 2.77 3.1 3.422 3.743 4.113
Distribution rate 45.1% 54% 49.8% 36.1% 53.2% 51.5% 51% 51.1%
Net sales 1 565,207 829,099 895,281 958,998 990,663 1,042,594 1,089,429 1,133,159
EBITDA 1 42,992 72,352 78,034 87,269 90,540 94,181 99,846 105,500
EBIT 1 18,196 35,808 41,451 50,064 52,764 56,779 60,254 64,043
Net income 1 12,985 13,272 18,482 25,346 28,206 30,684 33,311 36,250
Net Debt 1 365,143 279,928 260,029 236,312 272,710 339,251 287,355 279,338
Reference price 2 59.00 68.25 56.00 55.75 43.50 46.75 46.75 46.75
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.($)
40.64x1.31x20.02x0.84% 940B
28.5x1.21x10.52x0.95% 53.49B
12.05x0.35x6.33x2.32% 37.87B
15.04x0.52x7.7x3.42% 38.48B
19.62x0.58x11.19x2.73% 37.78B
12.92x0.49x6.21x3.61% 36.1B
43.67x0.87x10.15x2.49% 32.62B
22.67x0.76x6.38x1.29% 27.68B
50.42x0.72x12.02x1.07% 23.58B
Average 27.28x 0.76x 10.06x 2.08% 136.41B
Weighted average by Cap. 36.83x 1.17x 17.39x 1.17%

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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