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 1,118,811 - -
Change - -12.5% 7.52% -11.19% 0.79% 22.41% - -
Enterprise Value (EV) 1 1,609,372 1,803,259 1,651,392 1,479,267 1,497,004 1,699,887 1,627,281 1,483,614
Change - 12.05% -8.42% -10.42% 1.2% 13.55% -4.27% -8.83%
P/E 10x 10.4x 9.12x 10.1x 10.2x 10.7x 10.9x 10.2x
PBR 1.08x 0.9x 0.91x 0.79x 0.8x 0.96x 0.92x 0.88x
PEG - -0.7x 0.4x -0.5x - 0.6x -6.22x 1.46x
Capitalization / Revenue 0.48x 0.28x 0.32x 0.29x 0.34x 0.39x 0.4x 0.39x
EV / Revenue 0.71x 0.54x 0.53x 0.48x 0.56x 0.6x 0.58x 0.51x
EV / EBITDA 3.76x 3.67x 3.87x 3.73x 4.5x 3.96x 3.86x 3.39x
EV / EBIT 6.48x 6.25x 7.21x 6.5x 9.92x 7x 7.09x 6.09x
EV / FCF 8.82x 68.1x 7.56x 6.95x 11x 11x 9.25x 7.27x
FCF Yield 11.3% 1.47% 13.2% 14.4% 9.06% 9.09% 10.8% 13.8%
Dividend per Share 2 2 2 2 2.1 2.3 2.142 2.17 2.262
Rate of return 5.26% 6.02% 5.59% 6.61% 7.19% 5.42% 5.49% 5.73%
EPS 2 3.79 3.2 3.92 3.15 3.15 3.685 3.62 3.873
Distribution rate 52.8% 62.5% 51% 66.7% 73% 58.1% 59.9% 58.4%
Net sales 1 2,258,818 3,367,203 3,144,551 3,090,453 2,662,145 2,838,598 2,821,152 2,905,915
EBITDA 1 427,956 491,288 426,895 396,234 332,849 429,748 421,199 438,291
EBIT 1 248,298 288,745 229,168 227,498 150,903 242,818 229,581 243,557
Net income 1 108,363 91,175 112,024 90,072 90,166 106,301 103,591 110,518
Net Debt 1 523,978 853,539 630,265 572,392 582,988 581,076 508,469 364,802
Reference price 2 38.00 33.25 35.75 31.75 32.00 39.50 39.50 39.50
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.($)
10.72x0.6x3.96x5.42% 33.82B
13.85x3.56x6.62x5.24% 1,714B
12.88x1.78x5.82x3.63% 386B
8x0.6x3.74x6.53% 282B
7.94x0.87x3.87x3.47% 249B
8.1x1.04x4.33x4.69% 194B
5.94x1.77x2.83x7.59% 151B
3.52x1.49x2.81x8.6% 110B
7.82x0.83x2.05x3.84% 97.33B
8.82x0.82x4.07x4.68% 80.26B
Average 8.76x 1.34x 4.01x 5.37% 329.63B
Weighted average by Cap. 11.41x 2.42x 5.41x 5.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield