Company Valuation: DV8

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 429.1 858.2 529.3 567.6 673.2 7,850
Change - 100% -38.33% 7.24% 18.6% 1,066.16%
Enterprise Value (EV) 1 177.1 651.3 311.7 -15.97 24.29 6,982
Change - 267.72% -52.15% -105.12% 252.05% 28,645.18%
P/E 369x -18.1x -37x -12.3x 196x -182x
PBR 0.88x 1.94x 1.24x 0.75x 0.89x 8.16x
PEG - 0x 0.5x -0.2x -2x 0x
Capitalization / Revenue 2.43x 4.39x 2.04x 4.22x 4.75x 53x
EV / Revenue 1x 3.33x 1.2x -0.12x 0.17x 47.1x
EV / EBITDA -15.6x -18x -79.1x 0.43x 12.1x -192x
EV / EBIT -5.91x -13x -19.9x 0.39x -9.88x -166x
EV / FCF -1.75x -22.3x -187x -0.65x 1.95x -394x
FCF Yield -57.3% -4.47% -0.53% -154% 51.3% -0.25%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.001627 -0.0662 -0.02 -0.0349 0.002596 -0.0266
Distribution rate - - - - - -
Net sales 1 176.5 195.6 260 134.6 141.8 148.2
EBITDA 1 -11.37 -36.17 -3.938 -37.1 2.013 -36.28
EBIT 1 -29.98 -50.14 -15.68 -41.28 -2.459 -41.96
Net income 1 1.164 -47.38 -14.32 -35.71 3.427 -38.82
Net Debt 1 -252 -206.9 -217.6 -583.5 -648.9 -868.6
Reference price 2 0.600 1.200 0.740 0.430 0.510 4.840
Nbr of stocks (in thousands) 715,208 715,208 715,208 1,319,922 1,319,922 1,621,933
Announcement Date 2/25/21 2/24/22 2/23/23 2/28/24 2/25/25 2/25/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 169M
13.67x1.48x6.76x4.15% 26.8B
8.89x0.98x5.55x4.5% 20.2B
11.98x5.2x9.02x7.18% 10.18B
131.89x0.54x89.06x - 6.62B
16.37x1.34x4.66x2.83% 5.95B
11.09x0.77x4.86x-.--% 5.89B
16.65x0.72x4.35x4% 5.39B
-52.88x1.76x7.39x0% 5.02B
Average 19.71x 1.60x 16.45x 3.24% 9.58B
Weighted average by Cap. 17.76x 1.64x 12.68x 3.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA