Company Valuation: Yggdrazil Group

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,186 5,985 5,328 4,304 349.2 204.7
Change - 87.85% -10.98% -19.21% -91.89% -41.38%
Enterprise Value (EV) 1 2,982 5,760 5,168 4,278 368 199.9
Change - 93.18% -10.27% -17.22% -91.4% -45.68%
P/E 56.3x 53.4x 36.7x 62x -0.64x -8.06x
PBR 8.8x 14.5x 8.94x 6.91x 4.49x 3.7x
PEG - 0.5x -0.8x -1.2x 0x 0.1x
Capitalization / Revenue 14.1x 21x 15.9x 13.8x 2x 2.8x
EV / Revenue 13.2x 20.2x 15.4x 13.7x 2.1x 2.74x
EV / EBITDA 41.6x 45.9x 37.4x 52x -0.72x -25.7x
EV / EBIT 51.9x 51.9x 40.8x 62.2x -0.7x -9.58x
EV / FCF 81x 150x -64.5x -33.5x 12.6x 4.54x
FCF Yield 1.23% 0.67% -1.55% -2.99% 7.95% 22%
Dividend per Share 2 0.2231 0.1748 0.259 - - -
Rate of return 1.69% 0.71% 2.93% - - -
EPS 2 0.2338 0.463 0.241 0.1154 -0.9101 -0.0422
Distribution rate 95.4% 37.8% 107% - - -
Net sales 1 226.6 284.6 334.9 312.6 174.9 73.01
EBITDA 1 71.59 125.6 138.3 82.31 -511.5 -7.776
EBIT 1 57.41 111.1 126.6 68.78 -525.3 -20.87
Net income 1 56.57 112 122.1 69.47 -547.9 -25.41
Net Debt 1 -204.4 -225 -159.4 -26.1 18.84 -4.782
Reference price 2 13.1653 24.7314 8.8500 7.1500 0.5800 0.3400
Nbr of stocks (in thousands) 242,000 242,000 601,997 601,997 601,997 601,997
Announcement Date 2/25/21 2/25/22 2/27/23 2/28/24 2/25/25 2/27/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.81x2.55x10.78x2.73% 14.82B
40.9x3.09x7.84x1.64% 13.91B
32.22x1.88x15.84x2.35% 12.12B
17.68x1.21x9.86x1.77% 4.22B
26.83x5.06x15.91x1.57% 4.05B
36.47x6.32x14.9x-.--% 2.86B
44.41x - - - 2.52B
22.24x1.24x6.07x0.33% 2.44B
Average 30.07x 3.05x 11.60x 1.48% 7.12B
Weighted average by Cap. 29.97x 2.76x 11.47x 1.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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