Company Valuation: IRPC

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 78,377 61,640 41,229 25,105 20,206 60,415 - -
Change - -21.35% -33.11% -39.11% -19.51% 198.99% - -
Enterprise Value (EV) 1 128,474 130,299 106,315 87,187 61,247 93,880 87,365 80,081
Change - 1.42% -18.41% -17.99% -29.75% 53.28% -6.94% -8.34%
P/E 5.41x -14.4x -14.4x -4.92x -5.82x 4.84x 15.4x 14.5x
PBR 0.9x 0.77x 0.54x 0.36x 0.31x 0.78x 0.76x 0.74x
PEG - 0x 0.4x -0.1x 0.2x -0x -0.2x 2.35x
Capitalization / Revenue 0.31x 0.19x 0.13x 0.08x 0.07x 0.19x 0.21x 0.21x
EV / Revenue 0.5x 0.4x 0.33x 0.28x 0.22x 0.29x 0.3x 0.28x
EV / EBITDA 4.45x 12.1x 19.6x 31.4x 9.87x 3.44x 5.97x 5.78x
EV / EBIT 7x 48.8x -32.9x -13.7x -19x 5.55x 15.9x 15x
EV / FCF 15.3x -10.4x 15.7x 14.5x 2.7x 4.03x 7.99x 8.98x
FCF Yield 6.55% -9.62% 6.36% 6.89% 37% 24.8% 12.5% 11.1%
Dividend per Share 2 0.22 0.07 0.03 0.03 0.01 0.0433 0.0317 0.0447
Rate of return 5.73% 2.32% 1.49% 2.44% 1.01% 1.46% 1.07% 1.51%
EPS 2 0.71 -0.21 -0.14 -0.25 -0.17 0.6114 0.1917 0.2035
Distribution rate 31% -33.3% -21.4% -12% -5.88% 7.09% 16.5% 21.9%
Net sales 1 255,115 324,800 319,047 314,833 279,572 318,396 287,996 283,760
EBITDA 1 28,877 10,727 5,437 2,773 6,204 27,289 14,626 13,861
EBIT 1 18,348 2,668 -3,229 -6,366 -3,221 16,920 5,478 5,355
Net income 1 14,505 -4,364 -2,923 -5,193 -3,571 12,453 3,780 3,731
Net Debt 1 50,097 68,659 65,086 62,082 41,041 33,464 26,950 19,666
Reference price 2 3.840 3.020 2.020 1.230 0.990 2.960 2.960 2.960
Nbr of stocks (in thousands) 20,410,591 20,410,591 20,410,591 20,410,591 20,410,591 20,410,591 - -
Announcement Date 2/8/22 2/7/23 2/13/24 2/10/25 2/17/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.13x0.62x3.49x5.42% 45.47B
5.55x0.55x3.9x1.93% 18.88B
9.43x0.48x4.82x11.36% 15.67B
17.78x0.35x8.64x2.43% 12.7B
4.71x0.54x3.24x6.07% 8.43B
4.34x0.49x4.05x5.96% 6.22B
307.58x0.68x7.59x0.79% 5.1B
-22.21x1.3x9.47x-.--% 4.62B
Average 41.66x 0.63x 5.65x 4.25% 14.64B
Weighted average by Cap. 19.56x 0.58x 4.72x 4.99%

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