Company Valuation: Matichon

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 819.2 1,668 1,492 1,418 1,196 585.7
Change - 103.62% -10.56% -4.97% -15.69% -51.01%
Enterprise Value (EV) 1 -45.65 578.6 599 661.8 372.7 -103.8
Change - 1,367.5% 3.54% 10.47% -43.69% -127.86%
P/E 30.7x 7.62x 21.4x 46.4x -35.8x -5.33x
PBR 0.6x 1.08x 0.95x 0.92x 0.82x 0.42x
PEG - 0x -0.3x -0.8x 0x -0x
Capitalization / Revenue 1.23x 2.48x 2.19x 2.02x 2.02x 1.26x
EV / Revenue -0.07x 0.86x 0.88x 0.94x 0.63x -0.22x
EV / EBITDA -0.81x 5.91x 6.56x 12.9x -24.9x 1.29x
EV / EBIT -1.42x 7.68x 8.61x 19.3x -11.6x 1.05x
EV / FCF -0.55x 7.23x 8.48x 102x 118x 3.16x
FCF Yield -180% 13.8% 11.8% 0.98% 0.85% 31.7%
Dividend per Share 2 0.2 0.45 0.25 0.25 0.1 -
Rate of return 4.52% 5% 3.11% 3.27% 1.55% -
EPS 2 0.1441 1.181 0.3763 0.1649 -0.1803 -0.5924
Distribution rate 139% 38.1% 66.4% 152% -55.5% -
Net sales 1 664.1 673.6 682.5 702 590.4 464.2
EBITDA 1 56.23 97.98 91.33 51.12 -14.97 -80.51
EBIT 1 32.25 75.38 69.54 34.23 -32.22 -98.45
Net income 1 26.71 218.9 69.75 30.56 -33.42 -109.8
Net Debt 1 -864.9 -1,090 -893 -756.2 -822.8 -689.5
Reference price 2 4.420 9.000 8.050 7.650 6.450 3.160
Nbr of stocks (in thousands) 185,349 185,349 185,349 185,349 185,349 185,349
Announcement Date 2/25/21 2/25/22 2/28/23 2/29/24 2/28/25 2/27/26
1THB in Million2THB
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 17.13M
20.68x1.54x8.08x0.79% 14.62B
26.39x3.43x16.39x1.31% 10.93B
21.44x2.4x10.42x2.05% 10.42B
136.69x7.18x18.47x1.14% 4.9B
15.57x2.7x7.22x3.9% 4.77B
15.35x - - 4.98% 3.6B
83.4x1.33x16.88x0.87% 3.24B
36.71x2.57x19.58x-.--% 3.21B
13.55x0.5x3.27x4.84% 3.11B
Average 41.08x 2.70x 12.54x 2.21% 5.88B
Weighted average by Cap. 34.76x 2.67x 11.93x 1.82%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Matichon

Historical PBR trend

Valuation ratios - PBR - Matichon

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Matichon

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Matichon