Company Valuation: Thaicom

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,386 15,784 14,469 13,920 9,481 10,687 - -
Change - 27.43% -8.33% -3.79% -31.89% 12.72% - -
Enterprise Value (EV) 1 13,323 12,092 12,925 13,429 9,879 11,383 14,547 10,687
Change - -9.24% 6.89% 3.9% -26.44% 15.23% 27.8% -26.53%
P/E 86.9x 360x 41.3x -635x 216x 50x 67.2x 25x
PBR 1.11x 1.5x 1.41x 1.39x 0.94x 1.06x 1.05x -
PEG - -5.2x 0x 6x -1x 0x -2.6x 0x
Capitalization / Revenue 3.75x 5.1x 5.51x 5.77x 3.83x 4.86x 3.54x 3.57x
EV / Revenue 4.03x 3.91x 4.92x 5.57x 3.99x 5.17x 4.81x 3.57x
EV / EBITDA 11.2x 10.9x 14.4x 23.2x 12.2x 14.4x 12.1x 6.86x
EV / EBIT 193x 24.9x 51.9x -637x 76x -50.6x 102x 18.1x
EV / FCF 11.6x 6.23x -27.8x -11x -6.86x -6.76x -5.4x 15.4x
FCF Yield 8.65% 16.1% -3.59% -9.06% -14.6% -14.8% -18.5% 6.48%
Dividend per Share 2 - 0.5 0.13 - - - 0.05 -
Rate of return - 3.47% 0.98% - - - 0.51% -
EPS 2 0.13 0.04 0.32 -0.02 0.04 0.195 0.145 0.39
Distribution rate - 1,250% 40.6% - - - 34.5% -
Net sales 1 3,303 3,096 2,627 2,413 2,474 2,200 3,022 2,996
EBITDA 1 1,189 1,107 899 579.9 809.4 789.3 1,197 1,557
EBIT 1 69.19 486.3 249 -21.09 130 -225 142 589
Net income 1 143.6 42.21 353.6 -22.84 40 108.3 151.3 262
Net Debt 1 936.8 -3,692 -1,543 -491.6 397.3 696 3,860 -
Reference price 2 11.300 14.400 13.200 12.700 8.650 9.750 9.750 9.750
Nbr of stocks (in thousands) 1,096,102 1,096,102 1,096,102 1,096,102 1,096,102 1,096,102 - -
Announcement Date 2/4/22 2/10/23 2/8/24 2/7/25 2/10/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
1443.27x42.72x86.78x - 1,982B
37.39x5.75x23.85x0.22% 178B
14.53x2.68x6.8x2.61% 171B
9.86x2.39x6.42x4.74% 161B
29.76x5.4x9.46x1.75% 125B
7.33x1.32x4.78x6.06% 77.72B
19.31x2.2x8.35x3.61% 74.29B
14.54x2.37x7.76x2.89% 70.17B
13.52x1.43x4.86x3.34% 37.49B
Average 176.61x 7.36x 17.67x 3.15% 319.63B
Weighted average by Cap. 1,000.69x 30.49x 63.04x 2.83%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Thaicom

Historical PBR trend

Valuation ratios - PBR - Thaicom

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Thaicom

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Thaicom


Year-on-year evolution of the Yield

Valuation ratios - Yield - Thaicom