Company Valuation: Thai Mitsuwa

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 1,456 1,416 1,586 2,404 2,155 2,204
Change - -2.74% 11.97% 51.57% -10.37% 2.31%
Enterprise Value (EV) 1 1,193 1,062 922.3 1,434 1,063 1,067
Change - -10.96% -13.18% 55.43% -25.88% 0.46%
P/E Ratio 23.9x 11.9x 7.05x 4.36x 4.5x 4.08x
PBR 0.59x 0.56x 0.58x 0.75x 0.61x 0.56x
PEG - 0.1x 0.1x 0x -0.3x 0.3x
Capitalization / Revenue 0.59x 0.46x 0.43x 0.59x 0.55x 0.52x
EV / Revenue 0.48x 0.35x 0.25x 0.35x 0.27x 0.25x
EV / EBITDA 3.61x 3.06x 2.01x 1.73x 1.28x 1.14x
EV / EBIT 10.1x 7.22x 3.68x 2.36x 1.79x 1.64x
EV / FCF 3.74x 64x 2.67x 6.77x 5.32x 5.3x
FCF Yield 26.7% 1.56% 37.5% 14.8% 18.8% 18.9%
Dividend per Share 2 0.46 0.9 1.7 4.15 3.61 -
Rate of return 1.26% 2.54% 4.28% 6.89% 6.69% -
EPS 2 1.525 2.982 5.636 13.82 12 13.54
Distribution rate 30.2% 30.2% 30.2% 30% 30.1% -
Net sales 1 2,483 3,079 3,709 4,059 3,919 4,219
EBITDA 1 330.6 347.2 459.3 828 833 935.9
EBIT 1 118 147.1 250.5 607.5 595 651.2
Net income 1 60.84 119 224.9 551.6 479 540.4
Net Debt 1 -263.2 -354.1 -663.7 -970.4 -1,092 -1,137
Reference price 2 36.50 35.50 39.75 60.25 54.00 55.25
Nbr of stocks (in thousands) 39,900 39,900 39,900 39,900 39,900 39,900
Announcement Date 5/31/21 5/31/22 5/29/23 5/29/24 5/30/25 5/28/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 72.88M
13.34x0.84x5.55x4.13% 24.4B
19.34x - - 6.16% 20.36B
114.67x0.99x6.83x0.64% 16.86B
-2029.87x1.15x14.49x-.--% 14.38B
33.93x4.22x15.59x0.62% 9.74B
45.49x1.88x42.42x1.35% 9.11B
37.14x3.98x24.26x1.16% 7.29B
24.37x0.84x12.52x1.8% 6.09B
26.07x1.75x14.74x1.46% 5.71B
Average -190.61x 1.96x 17.05x 1.92% 11.4B
Weighted average by Cap. -221.34x 1.67x 14.26x 2.48%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Stocks
  3. TMW Stock
  4. Valuation Thai Mitsuwa
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