Valuation WHA Corporation Thailand S.E.

Stocks

End-of-day quote Thailand S.E. 2026-10-01			5-day change	1st Jan Change
4.600 ^THB	-2.13%		-4.17%	+40.24%

09-24	Bualuang Securities Upgrades WHA Corporation to Buy from Hold; Price Target is THB5.50	MT
09-24	WHA Forms New Step-Down Subsidiary in Vietnam for Logistics Business	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	52,613	60,983	79,218	82,208	49,026	68,755	-	-
Change	-	15.91%	29.9%	3.77%	-40.36%	40.24%	-	-
Enterprise Value (EV) ¹	87,823	82,513	106,619	112,505	94,867	116,693	117,796	119,367
Change	-	-6.05%	29.22%	5.52%	-15.68%	23.01%	0.95%	1.33%
P/E	20.3x	15.1x	17.9x	18.9x	9.55x	13.6x	12.1x	12.6x
PBR	1.72x	1.9x	2.37x	2.36x	1.33x	1.76x	1.66x	1.61x
PEG	-	0.3x	1.91x	-12.72x	0.5x	-9.06x	1x	-3.02x
Capitalization / Revenue	5.05x	4.44x	5.33x	7.25x	3.21x	4.29x	3.74x	3.56x
EV / Revenue	8.43x	6.01x	7.17x	9.93x	6.21x	7.28x	6.4x	6.18x
EV / EBITDA	23.3x	17.3x	19.3x	22.2x	15.9x	17.5x	15.2x	15.2x
EV / EBIT	27.9x	19.9x	22.2x	27.1x	19.2x	20.7x	17.6x	17.6x
EV / FCF	46.3x	28.7x	29.9x	142x	-124x	20.4x	17.5x	20.3x
FCF Yield	2.16%	3.49%	3.35%	0.71%	-0.81%	4.9%	5.72%	4.93%
Dividend per Share ²	0.02	-	0.1839	0.1906	-	0.2083	0.226	0.2287
Rate of return	0.57%	-	3.47%	3.47%	-	4.53%	4.91%	4.97%
EPS ²	0.1733	0.2707	0.2961	0.2917	0.3436	0.3384	0.3807	0.3648
Distribution rate	11.5%	-	62.1%	65.3%	-	61.5%	59.4%	62.7%
Net sales ¹	10,417	13,729	14,875	11,335	15,265	16,026	18,399	19,313
EBITDA ¹	3,770	4,765	5,513	5,065	5,964	6,656	7,773	7,854
EBIT ¹	3,150	4,155	4,803	4,150	4,935	5,636	6,702	6,782
Net income ¹	2,590	4,046	4,426	4,359	5,135	5,091	5,639	5,413
Net Debt ¹	35,211	21,530	27,401	30,297	45,842	47,937	49,041	50,611
Reference price ²	3.520	4.080	5.300	5.500	3.280	4.600	4.600	4.600
Nbr of stocks (in thousands)	14,946,835	14,946,835	14,946,835	14,946,835	14,946,835	14,946,835	-	-
Announcement Date	2/24/22	2/23/23	2/23/24	2/21/25	2/26/26	-	-	-

¹THB in Million²THB

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
VINGROUP	61.61x	-	-	-	63.49B
SUN HUNG KAI PROPERTIES LIMITED	14.08x	4.56x	12.27x	3.6%	40.07B
EMAAR PROPERTIES	5.7x	0.76x	1.57x	8.64%	27.24B
CHINA RESOURCES LAND LIMITED	8.36x	1.48x	7.93x	4.24%	27.77B
MITSUBISHI ESTATE CO., LTD.	17.83x	3.95x	15.87x	1.37%	27.44B
MITSUI FUDOSAN CO., LTD.	13.63x	3.06x	14.66x	2.57%	25.21B
VINHOMES	9.19x	3.49x	7.71x	-.--%	21.62B
ALPHA DHABI HOLDING	8.18x	0.91x	3.3x	2.73%	20.54B
CK ASSET HOLDINGS LIMITED	10.37x	2.04x	8.39x	4.05%	20.85B
Average	16.55x	2.53x	8.96x	3.4%	30.47B
Weighted average by Cap.	22.90x	2.69x	9.34x	3.51%