Company Valuation: Forth Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026
Market Cap 1 19,830 30,166 21,514 9,915 5,378 14,405
Change - 52.12% -28.68% -53.91% -45.75% 167.83%
Enterprise Value (EV) 22,409 30,166 21,514 9,915 5,378 14,405
Change - 34.61% -28.68% -53.91% -45.75% 167.83%
P/E 27.5x 38.9x 37.7x 44.2x 6.53x 11x
PBR 12x - - - - -
PEG - 4.99x -1.4x -0.7x 0x 0.2x
Capitalization / Revenue 2.33x 3.2x 2.27x 1.13x 0.47x 0.97x
EV / Revenue 0x 0x 0x 0x 0x 0.97x
EV / EBITDA 0x 0x 0x 0x 0x 5.08x
EV / EBIT 0x 0x 0x 0x 0x 8.68x
EV / FCF - -0x 0x -0x 0x 18.1x
FCF Yield - -2.42% 2.75% -1.42% 18.8% 5.52%
Dividend per Share 2 0.45 0.52 0.47 - 0.21 0.8
Rate of return 2.12% 1.61% 2.04% - 3.65% 5.19%
EPS 2 0.77 0.83 0.61 0.24 0.88 1.4
Distribution rate 58.4% 62.7% 77% - 23.9% 57.1%
Net sales 1 8,513 9,431 9,492 8,767 11,350 14,918
EBITDA 1 1,337 1,553 1,493 1,162 2,044 2,838
EBIT 1 825.1 1,019 840.8 422.6 1,354 1,659
Net income 1 722.8 774.9 572.6 221.3 823.7 1,311
Net Debt 2,579 - - - - -
Reference price 2 21.20 32.25 23.00 10.60 5.75 15.40
Nbr of stocks (in thousands) 935,375 935,375 935,375 935,375 935,375 935,375
Announcement Date 2/28/22 2/27/23 2/28/24 3/2/25 3/2/26 -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11x - - 5.19% 434M
38.3x13.25x24.39x0.76% 121B
63.14x9.23x44.41x1.18% 54.34B
33.33x1.57x17.88x-.--% 50.14B
30.47x2.48x11.92x1.09% 43.18B
38.01x2.36x16.89x1.42% 31.59B
32.17x4.87x19.42x-.--% 30.21B
9.23x5.32x10.24x2.13% 22.75B
34.49x5.3x21.19x0.66% 20.04B
41.65x2.17x19.74x0.41% 19.45B
Average 33.18x 5.17x 20.68x 1.29% 39.33B
Weighted average by Cap. 38.00x 7.08x 22.76x 0.81%

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

  1. Stock Market
  2. Stocks
  3. FORTH Stock
  4. Valuation Forth Corporation