Valuation Frasers Property Thailand Industrial Freehold & Leasehold REIT

Stocks

FTREIT

TH6172010006

Commercial REITs

End-of-day quote Thailand S.E. 2026-07-14 5-day change 1st Jan Change
12.30 THB -1.60% Intraday chart for Frasers Property Thailand Industrial Freehold & Leasehold REIT +2.50% +4.24%

Company Valuation: Frasers Property Thailand Industrial Freehold & Leasehold REIT

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 37,986 31,553 31,553 36,117 33,491 40,386 -
Change - -16.94% 0% 14.47% -7.27% 20.59% -
Enterprise Value (EV) 1 47,020 43,486 46,155 49,252 47,667 54,801 54,493
Change - -7.52% 6.14% 6.71% -3.22% 14.97% -0.56%
P/E 17.7x 13x 11.1x 15x 9.67x 14.2x 14.1x
PBR 1.15x 0.95x - 1.01x 0.91x 1.09x 1.08x
PEG - 1x 0.6x -0.7x 0.2x -0.8x 17.63x
Capitalization / Revenue 11.1x 8.78x 8.47x 9.24x 7.97x 9.45x 9.41x
EV / Revenue 13.8x 12.1x 12.4x 12.6x 11.4x 12.8x 12.7x
EV / EBITDA - - - 16.4x 14.7x 16.5x 16.3x
EV / EBIT 17.2x - - 16.4x 14.8x 16.5x 16.4x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 0.673 0.71 0.748 0.748 0.762 0.775 0.781
Rate of return 5.43% 6.89% 7.26% 6.8% 7.47% 6.3% 6.35%
EPS 2 0.7 0.79 0.931 0.7316 1.055 0.8642 0.8712
Distribution rate 96.1% 89.9% 80.3% 102% 72.2% 89.7% 89.7%
Net sales 1 3,417 3,594 3,725 3,908 4,200 4,274 4,293
EBITDA 1 - - - 2,998 3,244 3,328 3,343
EBIT 1 2,742 - - 2,998 3,221 3,316 3,331
Net income 1 2,152 2,407 2,852 2,402 3,464 2,838 2,860
Net Debt 1 9,034 11,933 14,602 13,135 14,176 14,415 14,107
Reference price 2 12.40 10.30 10.30 11.00 10.20 12.30 12.30
Nbr of stocks (in thousands) 3,063,387 3,063,387 3,063,387 3,283,387 3,283,387 3,283,387 -
Announcement Date 11/5/21 11/4/22 11/3/23 11/27/24 11/13/25 - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.23x12.82x16.47x6.3% 1.21B
46x19.42x25.35x3.01% 133B
24.04x19.41x22.28x1.04% 41.6B
36.14x16.51x23.37x3.01% 11.34B
28.25x13.92x20.65x3.06% 8.58B
28.45x11.4x16.19x4.91% 7.95B
35.2x11.88x16.35x3.92% 7.52B
36.54x16.66x25.42x2.98% 7.56B
15.9x13.54x17.43x4.4% 7.4B
8.33x19.1x21.57x5.18% 5.9B
Average 27.31x 15.47x 20.51x 3.78% 23.2B
Weighted average by Cap. 37.58x 18.23x 23.53x 2.87%

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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