Company Valuation: TQM Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 29,100 23,400 17,250 15,300 6,828 8,196 - -
Change - -19.59% -26.28% -11.3% -55.37% 20.02% - -
Enterprise Value (EV) 1 28,296 22,691 16,395 14,824 6,605 8,982 8,892 9,342
Change - -19.81% -27.75% -9.58% -55.45% 35.99% -1% 5.06%
P/E 32.8x 28.9x 21.1x 18.9x 9.35x 10.8x 10.1x 9.4x
PBR 5.44x 9.1x 6.35x 5.31x 2.37x 2.81x 2.71x 2.52x
PEG - -3.29x 28.49x -25.7x -1.05x 1.77x 1.55x 1.19x
Capitalization / Revenue 8.89x 6.52x 4.68x 3.92x 1.77x 2.05x 1.99x 1.88x
EV / Revenue 8.64x 6.32x 4.45x 3.8x 1.71x 2.25x 2.16x 2.14x
EV / EBITDA 25.3x 18.8x 13x 11.7x 5.82x 7.57x 7.28x 7.15x
EV / EBIT 29.8x 23.3x 15.9x 14.2x 7.21x 9.24x 8.62x 8.39x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.225 1.2 1 0.95 1.1 1.22 1.185 1.1
Rate of return 2.53% 3.08% 3.48% 3.73% 9.57% 8.65% 8.4% 7.8%
EPS 2 1.48 1.35 1.36 1.35 1.23 1.305 1.39 1.5
Distribution rate 82.8% 88.9% 73.5% 70.4% 89.4% 93.5% 85.3% 73.3%
Net sales 1 3,274 3,590 3,685 3,906 3,857 3,994 4,112 4,366
EBITDA 1 1,119 1,205 1,263 1,265 1,134 1,187 1,222 1,307
EBIT 1 948 974.9 1,033 1,041 916.5 972 1,031 1,113
Net income 1 890.4 809.3 816.3 810.9 736.8 772 795.5 874
Net Debt 1 -803.7 -708.8 -855 -476.3 -223.7 786 696 1,146
Reference price 2 48.50 39.00 28.75 25.50 11.50 14.10 14.10 14.10
Nbr of stocks (in thousands) 600,000 600,000 600,000 600,000 593,768 581,242 - -
Announcement Date 2/25/22 2/28/23 2/28/24 2/27/25 2/27/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.32x - - 4.23% 183B
12.98x3.21x11.3x1.1% 139B
15.91x1.89x - 5.13% 115B
10.32x0.92x - 5.89% 96.24B
23.31x3.94x13.95x1.87% 95.4B
34.59x4.98x15.36x1.01% 70.79B
22.91x4.96x14.15x0.99% 68.24B
11.54x0.72x - 3.45% 36.99B
8.96x1.39x - 1.85% 35.46B
Average 17.20x 2.75x 13.69x 2.84% 93.36B
Weighted average by Cap. 16.93x 2.88x 13.26x 3.09%

Y-o-Y evolution of P/E

Valuation ratios - P/E - TQM Corporation

Historical PBR trend

Valuation ratios - PBR - TQM Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - TQM Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - TQM Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - TQM Corporation