Company Valuation: VGI

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 43,917 43,883 18,695 59,600 19,624 19,835 - -
Change - -0.08% -57.4% 218.8% -67.07% 1.08% - -
Enterprise Value (EV) 1 51,412 38,425 16,256 42,097 14,034 4,455 4,675 4,819
Change - -25.26% -57.7% 158.97% -66.66% -68.25% 4.94% 3.08%
P/E -364x -653x -5.35x 99.3x -18.6x 48.2x 62.7x 62.7x
PBR 1.51x 1.56x 0.8x 1.71x 0.56x 0.55x 0.55x 0.55x
PEG - 11.4x -0x -1x 0x -0x -2.7x -
Capitalization / Revenue 10.7x 8.98x 3.88x 11.4x 4.22x 4.14x 3.85x 3.7x
EV / Revenue 12.5x 7.86x 3.38x 8.07x 3.02x 0.93x 0.91x 0.9x
EV / EBITDA 95.4x 52.6x -27.6x 40.6x -207x -111x -48.7x -44.6x
EV / EBIT -187x -57.3x -15.2x 85.6x -22.3x 43.7x 25.7x 23.4x
EV / FCF -129x -70.8x -12.2x 252x -30.2x -3.69x -29.4x -70.9x
FCF Yield -0.77% -1.41% -8.21% 0.4% -3.32% -27.1% -3.4% -1.41%
Dividend per Share 2 0.04 0.08 - 0.013 - 0.01 0.01 0.01
Rate of return 0.78% 2.04% - 0.44% - 1.06% 1.06% 1.06%
EPS 2 -0.014 -0.006 -0.312 0.03 -0.05 0.0195 0.015 0.015
Distribution rate -286% -1,333% - 43.3% - 51.3% 66.7% 66.7%
Net sales 1 4,098 4,889 4,813 5,219 4,646 4,789 5,151 5,361
EBITDA 1 538.8 730.8 -588.9 1,037 -67.76 -40 -96 -108
EBIT 1 -275.3 -670.9 -1,068 491.5 -630.4 102 182 206
Net income 1 -120.3 -64.88 -3,489 501.2 -1,064 415 346.5 353
Net Debt 1 7,495 -5,457 -2,439 -17,503 -5,590 -15,380 -15,160 -15,016
Reference price 2 5.1000 3.9200 1.6700 2.9800 0.9300 0.9400 0.9400 0.9400
Nbr of stocks (in thousands) 8,611,166 11,194,518 11,194,520 20,000,000 21,101,285 21,101,285 - -
Announcement Date 5/25/22 5/25/23 5/27/24 5/30/25 5/25/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
47.69x0.89x-106.1x1.08% 584M
13.35x1.67x5.64x5.9% 2.31B
-36.85x4.06x12.63x-.--% 1.2B
23.54x3.59x7.49x3.36% 869M
-10.8x4.33x8.78x-.--% 709M
30.45x - - - 558M
Average 11.23x 2.91x -14.31x 2.07% 1.04B
Weighted average by Cap. 7.09x 2.72x -3.71x 3.03%

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