Company Valuation: Dusit Thani

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027
Market Cap 1 9,383 7,312 8,960 9,214 9,805 -
Change - -22.07% 22.54% 2.83% 6.42% -
Enterprise Value (EV) 9,383 7,312 14,936 9,214 9,805 9,805
Change - -22.07% 104.28% -38.31% 6.42% 0%
P/E -18.8x -10.5x -25.2x -16x 6.27x 7.12x
PBR 2.28x 2.14x 1.24x - - -
PEG - -0.3x 0.5x -0.3x -0x -0.6x
Capitalization / Revenue 2.29x 1.36x 0.89x - 0.53x 0.68x
EV / Revenue 0x 0x 0x - 0.53x 0.68x
EV / EBITDA -0x -0x 0x - 2.63x 2.97x
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - - - - 0.92 0.82
Rate of return - - - - 7.93% 7.07%
EPS 2 -0.59 -0.82 -0.42 -0.68 1.85 1.63
Distribution rate - - - - 49.7% 50.3%
Net sales 1 4,093 5,377 10,109 - 18,494 14,473
EBITDA 1 -139.9 -180.2 549.5 - 3,725 3,301
EBIT -1,074 -1,081 -414.2 - - -
Net income 1 -501.5 -569.8 -236.8 -453.3 1,570 1,389
Net Debt - - 5,976 - - -
Reference price 2 11.10 8.65 10.60 10.90 11.60 11.60
Nbr of stocks (in thousands) 845,285 845,285 845,285 845,285 845,285 -
Announcement Date 2/27/23 2/28/24 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.($)
16.86x3.01x8.64x4.75% 13.03B
14.06x3.23x9.01x3.7% 5.68B
16.63x5.44x10.86x2.33% 5.48B
16.35x2.29x9.48x3.04% 4.85B
19.44x4.11x10.45x1.08% 4.76B
17.42x1.67x7.94x3.16% 2.79B
17.09x1.26x7.74x2.07% 2.37B
Average 16.83x 3.00x 9.16x 2.88% 5.57B
Weighted average by Cap. 16.72x 3.22x 9.23x 3.32%

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