Company Valuation: KCG Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 4,850 4,469 4,496 5,504 - -
Change - -7.87% 0.61% 22.42% - -
Enterprise Value (EV) 1 6,354 5,928 5,380 6,086 5,906 5,504
Change - -6.7% -9.25% 13.13% -2.96% -6.8%
P/E 13.3x 11.1x 8.97x 9.9x 8.82x 8.02x
PBR 1.8x 1.52x 1.41x 1.6x 1.46x 1.34x
PEG 1.65x 1.1x 0.4x 0.9x 0.7x 0.8x
Capitalization / Revenue 0.68x 0.58x 0.52x 0.6x 0.55x 0.5x
EV / Revenue 0.89x 0.77x 0.62x 0.66x 0.59x 0.5x
EV / EBITDA 10.6x 7.63x 5.93x 6.24x 5.56x 4.79x
EV / EBIT 15.2x 10.5x 8x 8.55x 7.45x 6.39x
EV / FCF -89.3x 16.9x 5.95x 9.95x 9.96x 7.89x
FCF Yield -1.12% 5.9% 16.8% 10.1% 10% 12.7%
Dividend per Share 2 0.3 0.41 0.51 0.56 0.625 0.6933
Rate of return 3.37% 5% 6.18% 5.54% 6.19% 6.86%
EPS 2 0.67 0.74 0.92 1.02 1.145 1.26
Distribution rate 44.8% 55.4% 55.4% 54.9% 54.6% 55%
Net sales 1 7,157 7,743 8,645 9,193 10,017 10,933
EBITDA 1 599.7 777 907.4 975 1,063 1,150
EBIT 1 418.4 564.3 672.2 712 792.7 861
Net income 1 305.9 405.8 503.3 554 625 686.3
Net Debt 1 1,503 1,459 883.6 581.9 401.6 -
Reference price 2 8.90 8.20 8.25 10.10 10.10 10.10
Nbr of stocks (in thousands) 545,000 545,000 545,000 545,000 - -
Announcement Date 2/27/24 2/27/25 2/25/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.8x0.66x6.19x5.6% 164M
15.68x1.57x11.12x5.25% 24.61B
18.88x1.55x11.78x1.99% 5.91B
18.74x1.07x10.27x2.2% 5.39B
33.56x3.02x19.53x2.92% 5.17B
12.4x1.55x7.73x7.5% 4.79B
28.4x2.78x18.47x2.59% 3.58B
55.47x2.61x22.42x0.79% 2.82B
Average 24.12x 1.85x 13.44x 3.6% 6.56B
Weighted average by Cap. 20.81x 1.79x 12.72x 4.12%

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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