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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 17.28M
17.91x2.18x9.57x2.28% 9.43B
-13.94x7.3x18.87x1.09% 5.07B
83.74x1.38x17.13x0.84% 3.43B
14.07x - - 5.52% 3.23B
9.41x0.57x4.61x3.68% 3.02B
11.44x0.29x2.01x5.5% 2.72B
14.49x - - - 2.4B
Average 19.59x 2.35x 10.44x 3.15% 3.67B
Weighted average by Cap. 17.93x 2.74x 11.15x 2.74%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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