Company Valuation: PP PRIME

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 254.6 1,494 1,271 617.9 493.2 283.8
Change - 486.66% -14.88% -51.4% -20.19% -42.45%
Enterprise Value (EV) 1 1,481 2,485 1,659 817.3 605.1 406.7
Change - 67.8% -33.24% -50.72% -25.96% -32.79%
P/E -0.77x -5.2x -1.6x -2.27x -1.95x -1.29x
PBR 3.48x 15.1x 2.1x 1.15x 1.08x 0.79x
PEG - 0.1x 0x 0x 0.1x 0.1x
Capitalization / Revenue 0.15x 2.3x 1.06x 0.47x 0.68x 0.49x
EV / Revenue 0.87x 3.82x 1.39x 0.63x 0.83x 0.7x
EV / EBITDA 17.4x -20.1x -12.5x -6.88x -7.69x -3.41x
EV / EBIT -55.2x -11.2x -7.83x -4.63x -4.67x -2.68x
EV / FCF 4.72x -30.6x -4.29x 8.97x 77.4x -6.63x
FCF Yield 21.2% -3.27% -23.3% 11.2% 1.29% -15.1%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -9.58 -2.693 -1.497 -0.44 -0.328 -0.2711
Distribution rate - - - - - -
Net sales 1 1,701 649.8 1,196 1,304 725.4 579.6
EBITDA 1 85.16 -123.5 -132.4 -118.7 -78.73 -119.1
EBIT 1 -26.83 -221.8 -211.8 -176.7 -129.6 -152
Net income 1 -329.6 -186.3 -487.9 -251.5 -224.6 -214.1
Net Debt 1 1,226 991 387.4 199.4 112 122.9
Reference price 2 7.4000 14.0000 2.4000 1.0000 0.6400 0.3500
Nbr of stocks (in thousands) 34,403 106,682 529,705 617,909 770,593 810,935
Announcement Date 3/2/21 3/1/22 3/1/23 2/28/24 3/2/25 2/27/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 5.68M
16.58x0.54x9.46x2.97% 11.96B
-114.75x0.64x12.73x0.12% 4.63B
9.25x0.71x5.71x5.18% 2.98B
13.25x0.43x4.81x3.15% 2.17B
23.68x0.63x10.49x1.27% 1.91B
21.86x - - 1.18% 1.33B
13.79x0.16x3.53x1.6% 791M
Average -2.33x 0.52x 7.79x 2.21% 3.22B
Weighted average by Cap. -7.43x 0.57x 9.10x 2.47%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA