Valuation Indorama Ventures OTC Markets

Stocks

End-of-day quote OTC Markets Other stock markets			5-day change	1st Jan Change
- ^USD	-.--%		-.--%	-

07-03	Krungsri Securities Upgrades Indorama Ventures to Buy from Neutral; Price Target is THB27	MT
06-01	Indorama Ventures Public Company Limited, Q1 2026 Earnings Call, May 15, 2026

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	242,829	228,793	152,997	139,802	90,394	137,557	-	-
Change	-	-5.78%	-33.13%	-8.62%	-35.34%	52.17%	-	-
Enterprise Value (EV) ¹	450,600	461,362	388,646	384,702	326,544	362,549	342,793	322,041
Change	-	2.39%	-15.76%	-1.01%	-15.12%	11.03%	-5.45%	-6.05%
P/E	9.51x	7.56x	-13.2x	-6.82x	-12.3x	22.1x	16.8x	15.6x
PBR	1.53x	1.23x	0.93x	1.11x	0.77x	1.11x	1.02x	0.94x
PEG	-	0.4x	0x	-0.1x	0.2x	-0x	0.5x	1.95x
Capitalization / Revenue	0.52x	0.35x	0.28x	0.26x	0.2x	0.28x	0.27x	0.28x
EV / Revenue	0.96x	0.7x	0.72x	0.71x	0.73x	0.75x	0.68x	0.65x
EV / EBITDA	7.06x	6.17x	11.3x	9.37x	13.2x	7.78x	6.85x	6.42x
EV / EBIT	10.7x	9.41x	58.2x	29.4x	-382x	16.9x	15.1x	13x
EV / FCF	32.6x	8.81x	13.3x	20.2x	10.8x	25.2x	16x	12.8x
FCF Yield	3.07%	11.3%	7.49%	4.96%	9.24%	3.96%	6.23%	7.83%
Dividend per Share ²	1	1.45	0.925	0.7	0.7	0.7	0.6889	0.6548
Rate of return	2.31%	3.56%	3.39%	2.81%	4.35%	2.86%	2.81%	2.67%
EPS ²	4.55	5.39	-2.06	-3.65	-1.309	1.108	1.456	1.573
Distribution rate	22%	26.9%	-44.9%	-19.2%	-53.5%	63.2%	47.3%	41.6%
Net sales ¹	468,108	656,266	541,458	541,583	447,246	486,520	505,431	497,938
EBITDA ¹	63,825	74,772	34,373	41,078	24,681	46,617	50,011	50,185
EBIT ¹	42,089	49,050	6,675	13,089	-854.8	21,441	22,727	24,804
Net income ¹	26,288	31,006	-10,798	-19,262	-7,348	5,910	7,952	9,008
Net Debt ¹	207,771	232,569	235,649	244,900	236,150	224,993	205,236	184,484
Reference price ²	43.25	40.75	27.25	24.90	16.10	24.50	24.50	24.50
Nbr of stocks (in thousands)	5,614,552	5,614,552	5,614,552	5,614,552	5,614,552	5,614,552	-	-
Announcement Date	2/27/22	2/25/23	2/23/24	2/26/25	3/2/26	-	-	-

¹THB in Million²THB

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
AIR LIQUIDE	28.35x	4.36x	14.08x	2.02%	128B
NAN YA PLASTICS CORPORATION	18.14x	5.34x	36.85x	2.18%	48.7B
SABIC	52.39x	1.4x	8.86x	5.99%	41.86B
WANHUA CHEMICAL GROUP CO., LTD.	11.88x	1.16x	6.62x	2.57%	32.35B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	9.63x	2.86x	7.08x	4.59%	22.85B
LYONDELLBASELL INDUSTRIES N.V.	6.36x	0.82x	5.5x	4.67%	19.1B
SOLAR INDUSTRIES INDIA LIMITED	99.32x	17.2x	64.71x	0.06%	17.35B
RONGSHENG PETROCHEMICAL CO., LTD.	15.96x	0.73x	5.88x	1.37%	16B
ZANGGE MINING COMPANY LIMITED	14.13x	-	-	-	15.88B
Average	28.46x	4.23x	18.70x	2.93%	38.03B
Weighted average by Cap.	28.16x	4.00x	17.36x	2.81%