Valuation Ratch Group

Stocks

End-of-day quote Thailand S.E. Other stock markets 2026-07-22			5-day change	1st Jan Change
39.50 ^THB	+1.94%		+7.48%	+33.90%

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	85,912	-	-
Change	-	42.5%	-26.32%	-4.76%	-1.67%	33.9%	-	-
Enterprise Value (EV) ¹	119,408	157,615	134,919	149,654	164,148	183,864	168,177	162,257
Change	-	32%	-14.4%	10.92%	9.68%	12.01%	-8.53%	-3.52%
P/E	8.4x	13.6x	13.2x	10.6x	10.3x	12.8x	12.1x	11.8x
PBR	0.93x	0.95x	0.7x	0.68x	0.69x	0.87x	0.82x	0.8x
PEG	-	-0.3x	-0.5x	0.6x	7.26x	1.66x	2.02x	4x
Capitalization / Revenue	1.75x	1.24x	1.57x	1.97x	2.37x	2.44x	2.53x	2.11x
EV / Revenue	3.2x	2.11x	3.09x	4.52x	6.06x	5.22x	4.96x	3.99x
EV / EBITDA	25.7x	27.7x	19.4x	22.6x	28.4x	19.5x	16x	16.3x
EV / EBIT	47.6x	59.3x	46.8x	58x	78.9x	45.4x	37.7x	36.4x
EV / FCF	22.7x	30.7x	17.5x	24.5x	15x	8.44x	7.68x	7.01x
FCF Yield	4.41%	3.25%	5.71%	4.08%	6.65%	11.8%	13%	14.3%
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%	4.07%	4.12%	4.12%
EPS ²	5.36	3.15	2.38	2.82	2.86	3.08	3.265	3.361
Distribution rate	46.6%	50.8%	67.2%	56.7%	55.9%	52.1%	49.8%	48.4%
Net sales ¹	37,327	74,725	43,675	33,133	27,082	35,233	33,895	40,691
EBITDA ¹	4,653	5,697	6,948	6,609	5,789	9,451	10,535	9,958
EBIT ¹	2,508	2,660	2,883	2,581	2,082	4,047	4,455	4,462
Net income ¹	7,772	5,782	5,167	6,127	6,220	6,710	7,117	7,304
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	39.50	39.50	39.50
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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
RATCH GROUP	12.58x	5.17x	19.28x	4.15%	2.54B
ADANI POWER LIMITED	33.18x	7.8x	20.62x	-.--%	43.36B
NTPC LTD	16.27x	2.88x	10.98x	2.56%	35.22B
SDIC POWER HOLDINGS CO., LTD	16.23x	4.96x	8.98x	3.4%	18.08B
TALEN ENERGY CORPORATION	17.03x	5.64x	11.93x	0.02%	18.08B
CHINA RESOURCES POWER HOLDINGS COMPANY LIMITED	7.95x	2.92x	7.86x	5.13%	12.75B
CAPITAL POWER CORPORATION	29.26x	4.57x	10.77x	3.83%	8.14B
HUADIAN POWER INTERNATIONAL CORPORATION LIMITED	10.27x	1.44x	8.65x	5.27%	7.91B
GS HOLDINGS CORP.	5.24x	0.6x	3.59x	4.28%	5.36B
Average	16.45x	4.00x	11.41x	3.18%	16.83B
Weighted average by Cap.	20.43x	4.84x	13.09x	2.14%