Company Valuation: Major Cineplex Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,893 16,283 12,399 11,190 5,179 5,117 - -
Change - -9% -23.85% -9.75% -53.72% -1.2% - -
Enterprise Value (EV) 1 18,820 17,022 13,575 13,557 7,326 6,696 6,371 5,682
Change - -9.55% -20.25% -0.13% -45.96% -8.59% -4.85% -10.82%
P/E 11.3x 65x 12.6x 16x 8.45x 9.58x 9.29x 9.49x
PBR 2.5x 2.25x 2.07x 2.34x 1.07x 1.13x 1.05x 1x
PEG - -0.8x 0x -0.7x -0.97x -1.41x 3.02x -4.5x
Capitalization / Revenue 5.95x 2.55x 1.45x 1.44x 0.68x 0.69x 0.68x 0.67x
EV / Revenue 6.25x 2.66x 1.59x 1.75x 0.96x 0.91x 0.85x 0.74x
EV / EBITDA -41.4x 9.92x 7.04x 7.95x 4x 3.52x 3.31x 3.09x
EV / EBIT -11x 42x 19.2x 30x 12.6x 9.29x 8.61x 5.7x
EV / FCF 5.05x 33.1x 10.9x -9.85x 9.21x 8.67x 8.7x 5.85x
FCF Yield 19.8% 3.02% 9.16% -10.2% 10.9% 11.5% 11.5% 17.1%
Dividend per Share 2 1.6 - 0.65 0.2 0.25 0.2233 0.2724 0.225
Rate of return 8% - 4.36% 1.36% 3.52% 2.98% 3.63% 3%
EPS 2 1.77 0.28 1.18 0.92 0.84 0.783 0.807 0.79
Distribution rate 90.4% - 55.1% 21.7% 29.8% 28.5% 33.8% 28.5%
Net sales 1 3,010 6,388 8,551 7,767 7,631 7,375 7,522 7,682
EBITDA 1 -454.1 1,716 1,929 1,705 1,832 1,902 1,923 1,841
EBIT 1 -1,704 404.9 708.5 452.2 580.4 720.7 739.8 996
Net income 1 1,581 252.1 1,042 744.3 631.2 570.5 605.2 599
Net Debt 1 926.5 739.3 1,176 2,367 2,147 1,579 1,254 565
Reference price 2 20.000 18.200 14.900 14.700 7.100 7.500 7.500 7.500
Nbr of stocks (in thousands) 894,668 894,668 832,131 761,226 729,444 682,248 - -
Announcement Date 2/17/22 2/23/23 2/22/24 2/21/25 2/24/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.3x3.98x10.72x1.12% 113B
26.58x5.45x19.2x-.--% 38.15B
39.8x6.74x20.25x0.52% 33.57B
14.85x1.95x7.64x0.69% 33.37B
24.45x1.8x7.46x0.82% 24.93B
40.05x5.8x24.95x-.--% 22.07B
27.51x3.31x11.73x-.--% 9.85B
27.03x2.75x10.19x5.87% 5.4B
Average 26.82x 3.97x 14.02x 1.13% 35.02B
Weighted average by Cap. 22.73x 4.17x 13.51x 0.78%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Major Cineplex Group

Historical PBR trend

Valuation ratios - PBR - Major Cineplex Group

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Major Cineplex Group

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Major Cineplex Group


Year-on-year evolution of the Yield

Valuation ratios - Yield - Major Cineplex Group
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