Company Valuation: Wow Factor

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,296 3,532 1,612 731.7 1,030 178.6
Change - 7.16% -54.38% -54.59% 40.78% -82.67%
Enterprise Value (EV) 1 3,454 3,973 2,068 1,120 1,375 414.2
Change - 15.02% -47.94% -45.85% 22.81% -69.88%
P/E -11.7x -12.8x -2.8x -4.22x -2.62x -0.15x
PBR 3.48x 5.25x 15.7x 4x 2.01x 0.82x
PEG - 8.27x -0x 0.1x -0.1x 0x
Capitalization / Revenue 7.93x 8.56x 4.68x 2.35x 3.23x 1.38x
EV / Revenue 8.31x 9.63x 6x 3.59x 4.31x 3.2x
EV / EBITDA -52.7x -20.7x -255x -10.9x -6.13x -0.95x
EV / EBIT -26.2x -14.3x -20.3x -9.3x -5.48x -0.91x
EV / FCF 14.7x -34.8x -23.1x -11.3x -9.29x -0.78x
FCF Yield 6.78% -2.87% -4.34% -8.88% -10.8% -129%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -2.415 -2.378 -4.954 -1.177 -1.414 -1.167
Distribution rate - - - - - -
Net sales 1 415.6 412.5 344.5 311.8 319.2 129.7
EBITDA 1 -65.57 -191.7 -8.124 -102.7 -224.5 -436.4
EBIT 1 -131.6 -278.8 -101.9 -120.4 -251.2 -454.3
Net income 1 -238.8 -276.5 -576 -147.5 -260.2 -468.9
Net Debt 1 158.1 441 456.8 388.3 345.4 235.7
Reference price 2 28.3500 30.3800 13.8600 4.9700 3.7100 0.1700
Nbr of stocks (in thousands) 116,273 116,273 116,273 147,228 277,657 1,050,322
Announcement Date 3/1/21 2/25/22 2/28/23 2/16/24 2/28/25 2/25/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.73x9.19x13.66x1.45% 82.58B
26x15.14x19.14x3.45% 64.31B
32.45x5.19x10.43x1.9% 57B
20.5x7.83x13.08x1.8% 52.98B
25.95x10.01x16.68x1.31% 51.48B
34.94x16x25.12x1.91% 19.6B
20.74x8.06x12.92x2.4% 17.21B
12.86x6.74x9.6x7.54% 15.27B
22.54x8.12x14.15x1.93% 9.77B
Average 24.08x 9.59x 14.98x 2.63% 41.13B
Weighted average by Cap. 24.62x 9.71x 14.87x 2.23%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA