Valuation Thai Beverage

Stocks

Delayed Singapore S.E. Other stock markets 04:45:41 2026-07-01 EDT			5-day change	1st Jan Change
0.4350 ^SGD	0.00%		-3.37%	-6.52%

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	280,967	-	-
Change	-	-2.75%	-2.44%	-12.37%	-13.27%	-4.43%	-	-
Enterprise Value (EV) ¹	592,999	556,888	550,339	525,552	477,513	446,972	433,391	423,356
Change	-	-6.09%	-1.18%	-4.5%	-9.14%	-6.4%	-3.04%	-2.32%
P/E	16.6x	13.2x	14.1x	12.5x	11.6x	10.5x	9.76x	9.23x
PBR	2.38x	1.93x	1.92x	2.27x	2.08x	1.81x	1.67x	1.55x
PEG	-	0.6x	-1.54x	-13.63x	-1.79x	1.91x	1.29x	1.63x
Capitalization / Revenue	1.69x	1.46x	1.39x	1x	0.88x	0.83x	0.8x	0.77x
EV / Revenue	2.47x	2.04x	1.97x	1.54x	1.43x	1.33x	1.23x	1.16x
EV / EBITDA	14.3x	12x	12.5x	9.37x	8.82x	8.1x	7.64x	7.2x
EV / EBIT	17.6x	14.4x	15.2x	11.5x	10.9x	9.93x	9.36x	8.71x
EV / FCF	20.7x	13.4x	20.2x	18.1x	14.5x	10.1x	10.5x	10.5x
FCF Yield	4.84%	7.48%	4.96%	5.54%	6.92%	9.94%	9.52%	9.56%
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%	5.53%	5.65%	5.9%
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	11.18	11.18	11.18
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	10.49x	1.33x	8.1x	5.53%	8.45B
DIAGEO PLC	13.07x	3.31x	10.21x	2.65%	44.92B
PERNOD RICARD	11.52x	2.77x	9.18x	7.3%	18.36B
BROWN-FORMAN CORPORATION	15.66x	3.61x	12.23x	3.57%	12.35B
RADICO KHAITAN LIMITED	90.04x	8.77x	54.24x	0.15%	5.59B
EMPERADOR INC.	39.57x	4.56x	25.03x	0.79%	3.89B
RÉMY COINTREAU	26.07x	3.17x	14.09x	2.77%	2.58B
ALLIED BLENDERS AND DISTILLERS LIMITED	57.14x	4.38x	30.55x	0.82%	1.98B
FEVERTREE DRINKS PLC	29.99x	2.15x	17.2x	2.29%	1.23B
Average	32.62x	3.78x	20.09x	2.87%	11.04B
Weighted average by Cap.	19.68x	3.44x	13.74x	3.62%