Valuation Thai Beverage

Stocks

Market Closed - Singapore S.E. Other stock markets 05:06:18 2026-06-26 EDT			5-day change	1st Jan Change
0.4400 ^SGD	+1.15%		-1.12%	-4.35%

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	285,260	-	-
Change	-	-2.75%	-2.44%	-12.37%	-13.27%	-2.97%	-	-
Enterprise Value (EV) ¹	592,999	556,888	550,339	525,552	477,513	451,265	437,684	427,649
Change	-	-6.09%	-1.18%	-4.5%	-9.14%	-5.5%	-3.01%	-2.29%
P/E	16.6x	13.2x	14.1x	12.5x	11.6x	10.7x	9.91x	9.38x
PBR	2.38x	1.93x	1.92x	2.27x	2.08x	1.84x	1.7x	1.57x
PEG	-	0.6x	-1.54x	-13.63x	-1.79x	1.95x	1.31x	1.66x
Capitalization / Revenue	1.69x	1.46x	1.39x	1x	0.88x	0.85x	0.81x	0.78x
EV / Revenue	2.47x	2.04x	1.97x	1.54x	1.43x	1.34x	1.24x	1.17x
EV / EBITDA	14.3x	12x	12.5x	9.37x	8.82x	8.18x	7.72x	7.28x
EV / EBIT	17.6x	14.4x	15.2x	11.5x	10.9x	10x	9.46x	8.8x
EV / FCF	20.7x	13.4x	20.2x	18.1x	14.5x	10.2x	10.6x	10.6x
FCF Yield	4.84%	7.48%	4.96%	5.54%	6.92%	9.84%	9.42%	9.46%
Dividend per Share ²	0.5	0.6	0.6	0.62	0.62	0.618	0.6315	0.6595
Rate of return	3.08%	3.8%	3.9%	4.6%	5.3%	5.44%	5.56%	5.81%
EPS ²	0.98	1.2	1.09	1.08	1.01	1.065	1.146	1.211
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	337,115	351,695	365,387
EBITDA ¹	41,613	46,344	43,971	56,074	54,157	55,188	56,727	58,767
EBIT ¹	33,782	38,583	36,229	45,874	43,811	45,012	46,290	48,581
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	166,005	152,424	142,389
Reference price ²	16.23	15.78	15.40	13.49	11.70	11.35	11.35	11.35
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.($)
THAI BEVERAGE	10.65x	1.34x	8.18x	5.44%	8.55B
DIAGEO PLC	13.48x	3.38x	10.43x	2.57%	46.33B
PERNOD RICARD	11.9x	2.82x	9.34x	7.07%	18.93B
BROWN-FORMAN CORPORATION	16.43x	3.76x	12.74x	3.4%	12.94B
RADICO KHAITAN LIMITED	87.4x	8.51x	52.66x	0.15%	5.44B
EMPERADOR INC.	39.88x	4.6x	25.2x	0.78%	3.94B
RÉMY COINTREAU	26.27x	3.19x	14.18x	2.75%	2.59B
ALLIED BLENDERS AND DISTILLERS LIMITED	53.49x	4.08x	28.64x	0.85%	1.85B
FEVERTREE DRINKS PLC	30.14x	2.16x	17.29x	2.28%	1.24B
Average	32.18x	3.76x	19.85x	2.81%	11.31B
Weighted average by Cap.	19.55x	3.47x	13.67x	3.53%