Valuation Ratch Group Thailand S.E.

Stocks

End-of-day quote Thailand S.E. 2026-08-14			5-day change	1st Jan Change
37.50 ^THB	-4.46%		-5.06%	+27.12%

07-20	CGS International Upgrades Ratch Group to Add from Hold; Price Target is THB45	MT
07-10	Krungsri Securities Upgrades Ratch Group to Buy From Neutral; Price Target is THB41	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	65,250	92,981	68,512	65,250	64,162	81,562	-	-
Change	-	42.5%	-26.32%	-4.76%	-1.67%	27.12%	-	-
Enterprise Value (EV) ¹	119,408	157,615	134,919	149,654	164,148	179,514	163,827	157,907
Change	-	32%	-14.4%	10.92%	9.68%	9.36%	-8.74%	-3.61%
P/E	8.4x	13.6x	13.2x	10.6x	10.3x	12.6x	11.6x	11.2x
PBR	0.93x	0.95x	0.7x	0.68x	0.69x	0.83x	0.78x	0.76x
PEG	-	-0.3x	-0.5x	0.6x	7.26x	3.3x	1.27x	3.12x
Capitalization / Revenue	1.75x	1.24x	1.57x	1.97x	2.37x	2.31x	2.4x	2x
EV / Revenue	3.2x	2.11x	3.09x	4.52x	6.06x	5.09x	4.83x	3.88x
EV / EBITDA	25.7x	27.7x	19.4x	22.6x	28.4x	17.4x	15.3x	14.1x
EV / EBIT	47.6x	59.3x	46.8x	58x	78.9x	45x	36.8x	35.4x
EV / FCF	22.7x	30.7x	17.5x	24.5x	15x	8.24x	8.89x	8.72x
FCF Yield	4.41%	3.25%	5.71%	4.08%	6.65%	12.1%	11.2%	11.5%
Dividend per Share ²	2.5	1.6	1.6	1.6	1.6	1.606	1.626	1.627
Rate of return	5.56%	3.74%	5.08%	5.33%	5.42%	4.28%	4.34%	4.34%
EPS ²	5.36	3.15	2.38	2.82	2.86	2.969	3.241	3.357
Distribution rate	46.6%	50.8%	67.2%	56.7%	55.9%	54.1%	50.2%	48.5%
Net sales ¹	37,327	74,725	43,675	33,133	27,082	35,253	33,914	40,691
EBITDA ¹	4,653	5,697	6,948	6,609	5,789	10,307	10,714	11,196
EBIT ¹	2,508	2,660	2,883	2,581	2,082	3,988	4,446	4,462
Net income ¹	7,772	5,782	5,167	6,127	6,220	6,466	7,057	7,296
Net Debt ¹	54,158	64,634	66,407	84,404	99,985	97,952	82,265	76,345
Reference price ²	45.00	42.75	31.50	30.00	29.50	37.50	37.50	37.50
Nbr of stocks (in thousands)	1,450,000	2,175,000	2,175,000	2,175,000	2,175,000	2,175,000	-	-
Announcement Date	2/23/22	2/28/23	2/27/24	2/25/25	2/27/26	-	-	-

¹THB in Million²THB

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ADANI POWER LIMITED	32.33x	7.26x	19.45x	-.--%	41.64B
NTPC LTD	15.12x	2.9x	10.8x	2.7%	34.98B
TALEN ENERGY CORPORATION	21.92x	5.74x	12.1x	-.--%	17.17B
SDIC POWER HOLDINGS CO., LTD	15.03x	4.78x	8.64x	3.66%	16.56B
CHINA RESOURCES POWER HOLDINGS COMPANY LIMITED	7.5x	2.87x	7.71x	5.44%	12.01B
HUADIAN POWER INTERNATIONAL CORPORATION LIMITED	10.22x	1.47x	8.18x	4.6%	7.62B
CAPITAL POWER CORPORATION	55.12x	4.27x	10.15x	4.19%	7.49B
GS HOLDINGS CORP.	4.87x	0.61x	3.28x	3.23%	7.11B
Average	20.26x	3.74x	10.04x	2.98%	18.07B
Weighted average by Cap.	21.55x	4.59x	12.40x	2.14%