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 1,097,568 - -
Change - -12.5% 7.52% -11.19% 0.79% 20.08% - -
Enterprise Value (EV) 1 1,609,372 1,803,259 1,651,392 1,479,267 1,497,004 1,685,081 1,612,081 1,472,022
Change - 12.05% -8.42% -10.42% 1.2% 12.56% -4.33% -8.69%
P/E 10x 10.4x 9.12x 10.1x 10.2x 10.6x 10.7x 9.8x
PBR 1.08x 0.9x 0.91x 0.79x 0.8x 0.94x 0.9x 0.85x
PEG - -0.7x 0.4x -0.5x - 0.7x -31.82x 1.11x
Capitalization / Revenue 0.48x 0.28x 0.32x 0.29x 0.34x 0.39x 0.39x 0.37x
EV / Revenue 0.71x 0.54x 0.53x 0.48x 0.56x 0.6x 0.57x 0.5x
EV / EBITDA 3.76x 3.67x 3.87x 3.73x 4.5x 3.99x 3.85x 3.36x
EV / EBIT 6.48x 6.25x 7.21x 6.5x 9.92x 7.14x 6.98x 5.98x
EV / FCF 8.82x 68.1x 7.56x 6.95x 11x 10.8x 9.18x 7.21x
FCF Yield 11.3% 1.47% 13.2% 14.4% 9.06% 9.29% 10.9% 13.9%
Dividend per Share 2 2 2 2 2.1 2.3 2.087 2.176 2.235
Rate of return 5.26% 6.02% 5.59% 6.61% 7.19% 5.39% 5.62% 5.77%
EPS 2 3.79 3.2 3.92 3.15 3.15 3.646 3.634 3.955
Distribution rate 52.8% 62.5% 51% 66.7% 73% 57.2% 59.9% 56.5%
Net sales 1 2,258,818 3,367,203 3,144,551 3,090,453 2,662,145 2,819,202 2,822,634 2,928,942
EBITDA 1 427,956 491,288 426,895 396,234 332,849 422,616 418,701 438,355
EBIT 1 248,298 288,745 229,168 227,498 150,903 235,842 230,844 246,257
Net income 1 108,363 91,175 112,024 90,072 90,166 103,945 103,881 112,941
Net Debt 1 523,978 853,539 630,265 572,392 582,988 587,513 514,513 374,454
Reference price 2 38.00 33.25 35.75 31.75 32.00 38.75 38.75 38.75
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.($)
13.66x3.36x6.47x5.22% 1,719B
12.33x1.73x5.73x3.81% 371B
7.91x0.6x3.75x6.61% 272B
8.35x0.91x4.11x3.59% 242B
7.56x1.02x4.03x5.1% 179B
5.52x1.64x2.63x8.22% 142B
3.39x1.51x2.89x12.58% 110B
8.02x0.85x2x4.25% 92.51B
8.96x0.77x3.83x5.06% 72.72B
Average 8.41x 1.38x 3.94x 6.05% 355.49B
Weighted average by Cap. 11.29x 2.35x 5.36x 5.4%

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