Company Valuation: Thai Union Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 90,769 78,672 66,827 55,317 49,345 45,876 - -
Change - -13.33% -15.06% -17.22% -10.8% -7.03% - -
Enterprise Value (EV) 1 152,087 126,000 118,365 115,495 116,015 104,304 102,404 99,253
Change - -17.15% -6.06% -2.42% 0.45% -10.09% -1.82% -3.08%
P/E 11.7x 11.5x -4.76x 12x 11x 10.7x 9.98x 9.08x
PBR 1.53x 0.98x 1.16x 1.14x 1.11x 1.09x 1.04x 1x
PEG - -1x 0x -0x 1.49x -2.48x 1.35x 0.91x
Capitalization / Revenue 0.64x 0.51x 0.49x 0.4x 0.37x 0.34x 0.32x 0.32x
EV / Revenue 1.08x 0.81x 0.87x 0.83x 0.87x 0.76x 0.72x 0.68x
EV / EBITDA 12.2x 10.2x 10.7x 9.97x 11.2x 8.7x 8.04x 7.3x
EV / EBIT 18.4x 15.7x 17.1x 16x 18.8x 14.7x 13.2x 12.1x
EV / FCF 71.8x 237x 18.7x 10.5x 143x 15.2x 23.8x 19.5x
FCF Yield 1.39% 0.42% 5.34% 9.5% 0.7% 6.56% 4.2% 5.13%
Dividend per Share 2 0.95 0.84 0.54 0.66 0.7 0.681 0.7471 0.8288
Rate of return 4.87% 4.97% 3.6% 5.08% 5.47% 5.72% 6.28% 6.96%
EPS 2 1.66 1.47 -3.15 1.08 1.16 1.11 1.192 1.311
Distribution rate 57.2% 57.1% -17.1% 61.1% 60.3% 61.4% 62.7% 63.2%
Net sales 1 141,048 155,586 136,153 138,433 132,719 136,659 141,951 145,048
EBITDA 1 12,440 12,374 11,103 11,587 10,380 11,994 12,742 13,605
EBIT 1 8,256 8,050 6,912 7,222 6,170 7,100 7,739 8,173
Net income 1 8,013 7,138 -13,933 4,985 4,609 4,582 5,070 5,598
Net Debt 1 61,318 47,328 51,538 60,178 66,670 58,428 56,528 53,377
Reference price 2 19.50 16.90 15.00 13.00 12.80 11.90 11.90 11.90
Nbr of stocks (in thousands) 4,654,815 4,655,133 4,455,133 4,255,133 3,855,094 3,855,133 - -
Announcement Date 2/23/22 2/20/23 2/19/24 2/17/25 2/19/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.79x1.87x8.66x4.15% 10.75B
17.68x2.79x9.41x4.37% 6.94B
13.13x0.92x6.24x6.61% 2.5B
13.16x0.66x9.07x2.69% 2.32B
8.16x0.64x3.72x7.81% 1.73B
7.49x0.32x3.73x3.65% 982M
8.13x0.8x5.2x3.6% 474M
Average 11.79x 1.14x 6.58x 4.7% 3.67B
Weighted average by Cap. 14.41x 1.76x 8.08x 4.54%

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. TU Stock
  4. NVAP Stock
  5. Valuation Thai Union Group