Company Valuation: Thai Eastern Group

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027
Market Cap 1 5,119 3,024 3,866 3,240 3,542 -
Change - -40.93% 27.86% -16.2% 9.33% -
Enterprise Value (EV) 7,762 6,091 8,517 6,339 3,542 3,542
Change - -21.53% 39.83% -25.58% -44.12% 0%
P/E 6.08x - 6.88x 6.12x 6.07x 5.05x
PBR 1.58x 0.95x 1.06x 0.83x - -
PEG -0.1x - - -1.06x 0.6x 0.2x
Capitalization / Revenue 0.33x 0.25x 0.23x 0.16x 0.16x 0.16x
EV / Revenue 0x 0x 0x 0x 0.16x 0.16x
EV / EBITDA 0x 0x 0x 0x 2.91x 3.54x
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.26 0.1 0.21 0.22 0.22 0.26
Rate of return 5.49% 3.57% 5.87% 7.33% 6.71% 7.93%
EPS 2 0.78 - 0.52 0.49 0.54 0.65
Distribution rate 33.3% - 40.4% 44.9% 40.7% 40%
Net sales 1 15,403 12,143 16,844 19,980 21,754 22,465
EBITDA 1 1,124 668.2 1,142 1,632 1,219 1,000
EBIT 804.1 337.4 784.2 561.6 - -
Net income 1 684 214.9 556.3 533.4 583 707
Net Debt 2,643 3,067 4,651 3,099 - -
Reference price 2 4.740 2.800 3.580 3.000 3.280 3.280
Nbr of stocks (in thousands) 1,080,000 1,080,000 1,080,000 1,080,000 1,080,000 -
Announcement Date 2/27/23 2/28/24 2/28/25 2/28/26 - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.07x - - 6.71% 108M
13.75x1.05x5.54x3.35% 31.59B
14.28x1.04x5.79x3.84% 27.69B
11.38x1.17x6.58x2.6% 7.21B
8.46x1.14x5.39x3.38% 7.17B
9.92x - - 3.07% 6.53B
17.65x - - 3.17% 4.84B
9.6x0.65x5.31x4.22% 3.54B
7.73x0.83x4.09x3.82% 3.6B
36.25x1.94x10.9x1.84% 2.61B
Average 13.51x 1.11x 6.23x 3.6% 9.49B
Weighted average by Cap. 13.48x 1.06x 5.80x 3.43%

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

  1. Stock Market
  2. Stocks
  3. TEGH Stock
  4. Valuation Thai Eastern Group