Company Valuation: Thiensurat

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,871 1,604 2,120 761.2 229.6 102.7
Change - -14.24% 32.13% -64.09% -69.84% -55.26%
Enterprise Value (EV) 1 1,979 1,815 2,278 2,490 1,858 1,752
Change - -8.26% 25.48% 9.3% -25.37% -5.74%
P/E 13.1x 51.6x 29.5x -8.8x -0.32x -0.36x
PBR 1.47x 1.29x 1.6x 0.66x 1.89x -0.6x
PEG - -0.7x 0x 0x -0x 0x
Capitalization / Revenue 0.96x 0.95x 1.53x 0.45x 0.19x 0.12x
EV / Revenue 1.02x 1.07x 1.64x 1.47x 1.56x 2.08x
EV / EBITDA 9.09x 22.1x 18.7x 118x -5.25x -14.9x
EV / EBIT 10.9x 34.8x 22.9x -61.1x -4.33x -10.7x
EV / FCF 30.3x 44.5x 28.5x -7.83x 9.48x 17x
FCF Yield 3.3% 2.25% 3.5% -12.8% 10.6% 5.89%
Dividend per Share 2 0.15 0.0364 0.0101 - - -
Rate of return 4.82% 1.37% 0.29% - - -
EPS 2 0.2373 0.0514 0.1191 -0.1431 -1.183 -0.4665
Distribution rate 63.2% 70.8% 8.48% - - -
Net sales 1 1,943 1,693 1,387 1,690 1,188 840.3
EBITDA 1 217.8 82.06 121.5 21.1 -354.1 -117.2
EBIT 1 180.9 52.23 99.34 -40.78 -429.1 -163.8
Net income 1 143.1 31.01 71.99 -86.48 -715.2 -281.9
Net Debt 1 108.1 211 158.1 1,729 1,629 1,649
Reference price 2 3.1091 2.6545 3.5091 1.2600 0.3800 0.1700
Nbr of stocks (in thousands) 601,680 604,352 604,054 604,089 604,089 604,089
Announcement Date 2/25/21 2/24/22 3/7/23 3/1/24 3/3/25 3/16/26
1THB in Million2THB
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 733K
39.46x6.73x24.98x0.68% 135B
29.78x5.6x19.29x2.03% 38.67B
34.29x4.53x17.1x0.1% 33.74B
23.48x2.02x14.58x1.99% 34.15B
24.71x3.97x12.63x1.44% 29.58B
23.32x3.38x14.58x1.01% 28.44B
26.26x3.19x13.75x1.43% 28.09B
119.39x41.28x96.8x0.32% 28.17B
26.49x3.33x16.26x1.71% 24.82B
Average 38.57x 8.23x 25.55x 1.19% 38.11B
Weighted average by Cap. 38.33x 7.61x 24.95x 1.06%

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. TSR Stock
  4. Valuation Thiensurat