Company Valuation: PTT

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,085,394 949,720 1,021,127 906,875 914,016 1,196,703 - -
Change - -12.5% 7.52% -11.19% 0.79% 30.93% - -
Enterprise Value (EV) 1 1,609,372 1,803,259 1,651,392 1,479,267 1,497,004 1,757,272 1,676,226 1,600,538
Change - 12.05% -8.42% -10.42% 1.2% 17.39% -4.61% -4.52%
P/E 10x 10.4x 9.12x 10.1x 10.2x 9.79x 11.1x 9.79x
PBR 1.08x 0.9x 0.91x 0.79x 0.8x 1.01x 0.97x 0.84x
PEG - -0.7x 0.4x -0.5x - 0.3x -0.9x 0.7x
Capitalization / Revenue 0.48x 0.28x 0.32x 0.29x 0.34x 0.41x 0.42x 0.41x
EV / Revenue 0.71x 0.54x 0.53x 0.48x 0.56x 0.6x 0.59x 0.55x
EV / EBITDA 3.76x 3.67x 3.87x 3.73x 4.5x 3.79x 3.93x 3.63x
EV / EBIT 6.48x 6.25x 7.21x 6.5x 9.92x 6.3x 6.81x 6.33x
EV / FCF 8.82x 68.1x 7.56x 6.95x 11x 10.8x 10.1x 8.05x
FCF Yield 11.3% 1.47% 13.2% 14.4% 9.06% 9.25% 9.9% 12.4%
Dividend per Share 2 2 2 2 2.1 2.3 2.298 2.174 2.244
Rate of return 5.26% 6.02% 5.59% 6.61% 7.19% 5.44% 5.15% 5.31%
EPS 2 3.79 3.2 3.92 3.15 3.15 4.314 3.81 4.316
Distribution rate 52.8% 62.5% 51% 66.7% 73% 53.3% 57.1% 52%
Net sales 1 2,258,818 3,367,203 3,144,551 3,090,453 2,662,145 2,920,070 2,834,152 2,907,600
EBITDA 1 427,956 491,288 426,895 396,234 332,849 464,093 426,716 440,673
EBIT 1 248,298 288,745 229,168 227,498 150,903 278,871 246,015 252,655
Net income 1 108,363 91,175 112,024 90,072 90,166 123,028 108,950 114,619
Net Debt 1 523,978 853,539 630,265 572,392 582,988 560,568 479,523 403,835
Reference price 2 38.00 33.25 35.75 31.75 32.00 42.25 42.25 42.25
Nbr of stocks (in thousands) 28,562,996 28,562,996 28,562,996 28,562,996 28,562,996 28,324,336 - -
Announcement Date 2/17/22 2/16/23 2/15/24 2/20/25 2/19/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.74x0.6x3.77x5.47% 35.21B
13.52x3.46x6.77x5.29% 1,676B
13.17x1.93x6.24x3.11% 450B
8.32x0.74x4.56x6.26% 349B
8.54x0.95x4.2x2.96% 300B
7.71x1.04x4.17x4.36% 207B
6.07x1.83x2.94x7.51% 152B
8.02x0.91x2.13x3.29% 114B
8.7x0.89x4.42x4.79% 87.35B
9.21x1.7x5.57x7.34% 48.27B
Average 9.30x 1.41x 4.48x 5.04% 341.88B
Weighted average by Cap. 11.42x 2.34x 5.66x 4.89%

Y-o-Y evolution of P/E

Valuation ratios - P/E - PTT

Historical PBR trend

Valuation ratios - PBR - PTT

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - PTT

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - PTT


Year-on-year evolution of the Yield

Valuation ratios - Yield - PTT