Company Valuation: Indorama Ventures

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 90,394 150,189 - -
Change - -5.78% -33.13% -8.62% -35.34% 66.15% - -
Enterprise Value (EV) 1 450,600 461,362 388,646 384,702 326,544 378,562 356,858 339,781
Change - 2.39% -15.76% -1.01% -15.12% 15.93% -5.73% -4.79%
P/E 9.51x 7.56x -13.2x -6.82x -12.3x 19.7x 18.3x 16.3x
PBR 1.53x 1.23x 0.93x 1.11x 0.77x 1.21x 1.13x 1.06x
PEG - 0.4x 0x -0.1x 0.2x -0x 2.38x 1.3x
Capitalization / Revenue 0.52x 0.35x 0.28x 0.26x 0.2x 0.31x 0.31x 0.3x
EV / Revenue 0.96x 0.7x 0.72x 0.71x 0.73x 0.77x 0.73x 0.68x
EV / EBITDA 7.06x 6.17x 11.3x 9.37x 13.2x 8.04x 7.26x 6.58x
EV / EBIT 10.7x 9.41x 58.2x 29.4x -382x 15.7x 15.3x 13.3x
EV / FCF 32.6x 8.81x 13.3x 20.2x 10.8x 36.8x 20.2x 14.2x
FCF Yield 3.07% 11.3% 7.49% 4.96% 9.24% 2.72% 4.95% 7.02%
Dividend per Share 2 1 1.45 0.925 0.7 0.7 0.7125 0.7883 0.83
Rate of return 2.31% 3.56% 3.39% 2.81% 4.35% 2.66% 2.95% 3.1%
EPS 2 4.55 5.39 -2.06 -3.65 -1.309 1.356 1.461 1.639
Distribution rate 22% 26.9% -44.9% -19.2% -53.5% 52.5% 54% 50.7%
Net sales 1 468,108 656,266 541,458 541,583 447,246 488,839 489,161 496,922
EBITDA 1 63,825 74,772 34,373 41,078 24,681 47,088 49,138 51,635
EBIT 1 42,089 49,050 6,675 13,089 -854.8 24,070 23,344 25,528
Net income 1 26,288 31,006 -10,798 -19,262 -7,348 7,575 8,326 9,371
Net Debt 1 207,771 232,569 235,649 244,900 236,150 228,373 206,669 189,592
Reference price 2 43.25 40.75 27.25 24.90 16.10 26.75 26.75 26.75
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

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.72x7.03x17.97x1.28% 232B
28.09x4.34x13.97x2.11% 124B
29.77x3.62x18.53x0.97% 80.03B
19.61x6.99x31.04x3.77% 74.08B
88.67x6.54x15.22x2.42% 66.51B
84.96x1.25x8.48x6.11% 36.19B
10.7x1.15x6.22x3.1% 31.41B
9.07x3.03x7.12x4.66% 24.48B
14.87x1.72x10.12x2.69% 23.91B
Average 35.16x 3.96x 14.30x 3.01% 76.94B
Weighted average by Cap. 35.13x 5.21x 16.77x 2.27%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Indorama Ventures

Historical PBR trend

Valuation ratios - PBR - Indorama Ventures

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Indorama Ventures

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Indorama Ventures


Year-on-year evolution of the Yield

Valuation ratios - Yield - Indorama Ventures
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