Company Valuation: Supalai

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 44,223 47,459 36,327 35,546 32,070 30,588 - -
Change - 7.32% -23.46% -2.15% -9.78% -4.62% - -
Enterprise Value (EV) 1 62,487 47,459 58,780 64,609 66,269 62,940 63,112 63,436
Change - -24.05% 23.85% 9.92% 2.57% -5.02% 0.27% 0.51%
P/E 6.25x 5.8x 6.06x 5.74x 8.13x 7.09x 6.74x 6.15x
PBR 1.05x - 0.72x 0.67x 0.6x 0.55x 0.53x 0.51x
PEG - 0.4x -0.2x 1.76x -0.2x 0.82x 1.32x 0.64x
Capitalization / Revenue 1.52x 1.38x 1.17x 1.14x 1.33x 1.21x 1.18x 1.12x
EV / Revenue 2.14x 1.38x 1.89x 2.07x 2.75x 2.48x 2.43x 2.32x
EV / EBITDA 7.4x 4.99x 7.96x 8.43x 14.2x 11.9x 11.4x 10.7x
EV / EBIT 7.51x 5.06x 8.11x 8.66x 14.8x 13.3x 12.6x 11.5x
EV / FCF 15.9x - -227x -69.5x 93.1x 10.8x 17.1x 13.7x
FCF Yield 6.28% - -0.44% -1.44% 1.07% 9.25% 5.86% 7.28%
Dividend per Share 2 1 - 1.45 1.35 1.4 1.274 1.29 1.376
Rate of return 4.41% - 7.8% 7.42% 8.24% 7.92% 8.01% 8.55%
EPS 2 3.63 4.19 3.07 3.17 2.09 2.272 2.388 2.617
Distribution rate 27.5% - 47.2% 42.6% 67% 56.1% 54% 52.6%
Net sales 1 29,160 34,486 31,177 31,194 24,124 25,342 25,963 27,366
EBITDA 1 8,444 9,514 7,386 7,665 4,680 5,291 5,533 5,927
EBIT 1 8,321 9,387 7,249 7,462 4,467 4,730 4,993 5,499
Net income 1 7,070 8,173 5,989 6,190 4,015 4,423 4,644 5,066
Net Debt 1 18,264 - 22,453 29,064 34,200 32,352 32,524 32,848
Reference price 2 22.70 24.30 18.60 18.20 17.00 16.10 16.10 16.10
Nbr of stocks (in thousands) 1,948,141 1,953,054 1,953,054 1,953,054 1,886,454 1,899,871 - -
Announcement Date 2/22/22 2/21/23 2/20/24 2/25/25 2/25/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.47x4.91x13.22x3.27% 44.06B
18.1x3.98x16x1.35% 28.58B
8.24x1.5x7.91x4.38% 27.18B
5.57x0.69x1.45x8.98% 26.81B
14.22x3.08x14.75x2.53% 26.05B
10.41x2.1x8.95x4.03% 20.95B
7.98x0.88x3.22x2.8% 20.41B
13.12x6.41x16.85x1.66% 19.22B
9.85x1.47x12.27x3.89% 18.02B
Average 11.44x 2.78x 10.51x 3.66% 25.7B
Weighted average by Cap. 11.90x 2.95x 10.71x 3.69%

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

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