Company Valuation: Thanasiri Group

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 222.8 336.8 737.8 504.8 321.8 341.2
Change - 51.14% 119.09% -31.58% -36.26% 6.03%
Enterprise Value (EV) 1 397.3 794.5 1,106 1,169 843.1 729.9
Change - 100% 39.21% 5.68% -27.87% -13.42%
P/E -13.4x 14.6x 8.09x 12.4x 9.4x -45.2x
PBR 0.6x 0.84x 1.37x 0.91x 0.56x 0.61x
PEG - -0x 0x -0.2x -0.6x 0x
Capitalization / Revenue 0.66x 1.17x 1.07x 1.09x 0.59x 0.73x
EV / Revenue 1.17x 2.77x 1.6x 2.52x 1.55x 1.56x
EV / EBITDA -37.5x -331x 12.7x 28.8x 24.6x -228x
EV / EBIT -32.4x -229x 12.8x 29.5x 25.6x -154x
EV / FCF 3.41x -2.75x 67.8x -6.49x 7.62x 11.4x
FCF Yield 29.3% -36.4% 1.48% -15.4% 13.1% 8.81%
Dividend per Share 2 - - 0.12 0.068 0.041 -
Rate of return - - 4.51% 3.74% 3.53% -
EPS 2 -0.0657 0.0909 0.3287 0.1473 0.1234 -0.0272
Distribution rate - - 36.5% 46.2% 33.2% -
Net sales 1 338.1 286.9 690.1 464.2 542.8 468.4
EBITDA 1 -10.61 -2.397 87.15 40.55 34.27 -3.198
EBIT 1 -12.25 -3.468 86.42 39.58 32.91 -4.729
Net income 1 -16.63 23.01 84.37 40.87 34.22 -7.555
Net Debt 1 174.4 457.7 368.2 664 521.3 388.7
Reference price 2 0.880 1.330 2.660 1.820 1.160 1.230
Nbr of stocks (in thousands) 253,212 253,212 277,375 277,375 277,375 277,375
Announcement Date 2/24/21 2/24/22 2/23/23 2/22/24 2/25/25 2/27/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 12.87M
15.83x4.98x13.41x3.2% 45.06B
8.7x1.49x7.68x4.07% 30.67B
20.6x4.23x17.36x1.22% 30.47B
5.57x0.61x1.26x8.96% 26.85B
14.22x3.1x14.85x2.47% 25.48B
15.13x6.83x18.33x1.41% 21.41B
8.95x2.31x7.1x4.07% 21.11B
10.17x1.64x14.26x3.72% 18.66B
Average 12.40x 3.15x 11.78x 3.64% 24.41B
Weighted average by Cap. 12.85x 3.28x 11.78x 3.62%

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. THANA Stock
  4. Valuation Thanasiri Group