Valuation Thai Beverage OTC Markets

Stocks

Market Closed - OTC Markets Other stock markets 14:17:05 2026-06-02 EDT			5-day change	1st Jan Change
0.3458 ^USD	-0.10%		0.00%	-1.20%

06-10	RHB Adjusts Thai Beverage Public Company's Price Target to SG$0.56 from SG$0.62, Keeps at Buy	MT
05-21	Maybank Securities Upgrades Thai Beverage Public Company to Buy from Hold; Adjusts Price Target to SG$0.48 from SG$0.43	MT

Data adjusted to current consolidation scope

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	407,676	396,474	386,809	338,955	293,980	275,574	-	-
Change	-	-2.75%	-2.44%	-12.37%	-13.27%	-6.26%	-	-
Enterprise Value (EV) ¹	592,999	556,888	550,339	525,552	477,513	441,524	428,181	418,330
Change	-	-6.09%	-1.18%	-4.5%	-9.14%	-7.54%	-3.02%	-2.3%
P/E Ratio	16.6x	13.2x	14.1x	12.5x	11.6x	10.3x	9.59x	9.08x
PBR	2.38x	1.93x	1.92x	2.27x	2.08x	1.77x	1.64x	1.52x
PEG	-	0.6x	-1.54x	-13.63x	-1.79x	1.89x	1.3x	1.62x
Capitalization / Revenue	1.69x	1.46x	1.39x	1x	0.88x	0.82x	0.78x	0.75x
EV / Revenue	2.47x	2.04x	1.97x	1.54x	1.43x	1.31x	1.22x	1.15x
EV / EBITDA	14.3x	12x	12.5x	9.37x	8.82x	8x	7.56x	7.13x
EV / EBIT	17.6x	14.4x	15.2x	11.5x	10.9x	9.81x	9.26x	8.63x
EV / FCF	20.7x	13.4x	20.2x	18.1x	14.5x	9.94x	10.4x	10.3x
FCF Yield	4.84%	7.48%	4.96%	5.54%	6.92%	10.1%	9.63%	9.67%
Dividend per Share ²	0.5	0.6	0.6	0.62	0.62	0.6179	0.6307	0.6581
Rate of return	3.08%	3.8%	3.9%	4.6%	5.3%	5.63%	5.75%	6%
EPS ²	0.98	1.2	1.09	1.08	1.01	1.065	1.144	1.208
Distribution rate	51%	50%	55%	57.4%	61.4%	58%	55.1%	54.5%
Net sales ¹	240,543	272,359	279,085	340,289	333,286	336,864	351,431	365,013
EBITDA ¹	41,613	46,344	43,971	56,074	54,157	55,176	56,661	58,699
EBIT ¹	33,782	38,583	36,229	45,874	43,811	45,000	46,225	48,501
Net income ¹	24,645	30,106	27,434	27,216	25,361	27,067	28,882	30,364
Net Debt ¹	185,323	160,414	163,530	186,597	183,534	165,950	152,607	142,757
Reference price ²	16.23	15.78	15.40	13.49	11.70	10.97	10.97	10.97
Nbr of stocks (in thousands)	25,118,755	25,120,888	25,124,754	25,127,675	25,130,487	25,131,686	-	-
Announcement Date	11/26/21	11/25/22	11/22/23	11/21/24	11/25/25	-	-	-

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.($)
DIAGEO PLC	13.14x	3.32x	10.23x	2.64%	45.2B
PERNOD RICARD	11.44x	2.75x	9.12x	7.36%	18.49B
BROWN-FORMAN CORPORATION	15.84x	3.63x	12.31x	3.52%	12.46B
RADICO KHAITAN LIMITED	80.82x	7.87x	48.72x	0.17%	4.99B
EMPERADOR INC.	36.81x	4.32x	26.07x	0.88%	4B
RÉMY COINTREAU	26.95x	3.25x	14.45x	2.68%	2.7B
ALLIED BLENDERS AND DISTILLERS LIMITED	69.45x	4.85x	36.56x	0.7%	1.9B
FEVERTREE DRINKS PLC	30.94x	2.21x	17.66x	2.22%	1.29B
Average	35.68x	4.03x	21.89x	2.52%	11.38B
Weighted average by Cap.	19.75x	3.56x	13.87x	3.46%