Company Valuation: Triple i Logistics

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,249 9,141 7,813 4,383 3,120 3,412 - -
Change - -1.16% -14.54% -43.89% -28.83% 9.36% - -
Enterprise Value (EV) 1 9,697 9,254 8,037 4,714 3,560 3,806 3,565 3,336
Change - -4.57% -13.15% -41.35% -24.48% 6.9% -6.33% -6.42%
P/E 26.4x 11.8x 9.43x 9.93x 7.97x 8.38x 7.66x 7.28x
PBR 5.3x 3.42x 2.06x 1.12x 0.79x 0.86x 0.81x 0.77x
PEG - 0.1x -1.59x -0.2x -0.82x 2.06x 0.81x 1.41x
Capitalization / Revenue 3.15x 3.28x 4.43x 1.83x 1.26x 1.36x 1.27x 1.2x
EV / Revenue 3.3x 3.32x 4.55x 1.97x 1.44x 1.51x 1.33x 1.18x
EV / EBITDA 28.2x 25.9x 57.1x 36.7x 25.3x 21.3x 17.5x 16x
EV / EBIT 39.8x 34.5x 127x 94.3x 55.8x 47.6x 33.3x 28.5x
EV / FCF 104x 27.8x -31.9x 37.4x 24.8x 6.11x 5.45x 4.99x
FCF Yield 0.96% 3.59% -3.14% 2.67% 4.02% 16.4% 18.3% 20%
Dividend per Share 2 0.4 - 0.38 0.32 0.25 0.27 0.3 0.31
Rate of return 2.68% - 3.82% 5.71% 6.16% 6.08% 6.76% 6.98%
EPS 2 0.5634 1.121 1.055 0.5639 0.5093 0.53 0.58 0.61
Distribution rate 71% - 36% 56.7% 49.1% 50.9% 51.7% 50.8%
Net sales 1 2,939 2,789 1,764 2,398 2,478 2,513 2,690 2,833
EBITDA 1 344.1 357.7 140.6 128.3 141 178.5 204 209
EBIT 1 243.8 268.2 63.39 50 63.79 80 107 117
Net income 1 377.3 795.7 866.2 441.4 393.6 429.5 468 495
Net Debt 1 448.7 112.9 224.5 330.6 440.4 394 153 -76
Reference price 2 14.900 13.200 9.950 5.600 4.060 4.440 4.440 4.440
Nbr of stocks (in thousands) 620,710 692,532 785,181 782,753 768,356 768,356 - -
Announcement Date 2/23/22 2/21/23 2/21/24 2/19/25 2/27/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.38x1.51x21.32x6.08% 101M
8.98x0.81x3.69x4.27% 3.81B
32.13x1.98x6.32x1.8% 906M
Average 16.50x 1.43x 10.44x 4.05% 1.6B
Weighted average by Cap. 13.32x 1.04x 4.56x 3.85%

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

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