Valuation 3BB Internet Infrastructure Fund

Equities

End-of-day quote Thailand S.E. Other stock markets 10/04/2026			5-day change	1st Jan Change
6.650 ^THB	0.00%		+0.76%	+5.56%

24/02	DBS Bank Downgrades 3BB Internet Infrastructure Fund to Hold from Buy, Price Target is THB6.80	MT
03/02	3BB Internet Infrastructure Fund Announces Cash Dividend for the Period from October 1, 2025 to December 31, 2025, Payable on March 4, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	82,400	64,400	50,000	41,600	50,400	53,200	53,200	-
Change	-	-21.84%	-22.36%	-16.8%	21.15%	5.56%	0%	-
Enterprise Value (EV)	96,728	64,400	63,047	53,744	60,462	53,200	57,234	56,752
Change	-	-33.42%	-2.1%	-14.76%	12.5%	-12.01%	7.58%	-0.84%
P/E ratio	9.58x	8.02x	13.7x	-3.73x	9.55x	8.31x	8.43x	8.31x
PBR	0.93x	0.72x	0.59x	0.62x	0.75x	0.76x	0.76x	0.75x
PEG	-	-1.21x	-0.3x	0x	-0x	0.4x	-5.78x	5.81x
Capitalization / Revenue	8.12x	6.35x	4.87x	4.41x	6.78x	7.13x	7.15x	7.08x
EV / Revenue	0x	0x	0x	0x	0x	7.15x	7.15x	7.08x
EV / EBITDA	0x	0x	0x	0x	0x	7.89x	7.91x	7.86x
EV / EBIT	0x	0x	0x	0x	0x	7.92x	7.93x	7.85x
EV / FCF	-	-	0x	0x	0x	8.2x	8.17x	8.04x
FCF Yield	-	-	18.7%	20.6%	16.9%	12.2%	12.2%	12.4%
Dividend per Share ²	0.99	0.95	0.92	0.69	-	0.6016	0.6362	0.6397
Rate of return	9.61%	11.8%	14.7%	13.3%	-	9.05%	9.57%	9.62%
EPS ²	1.075	1.004	0.4563	-1.392	0.6599	0.8003	0.7886	0.7999
Distribution rate	92.1%	94.6%	202%	-49.6%	-	75.2%	80.7%	80%
Net sales ¹	10,144	10,144	10,269	9,437	7,429	7,459	7,442	7,509
EBITDA ¹	9,531	9,519	9,617	8,770	6,723	6,742	6,729	6,766
EBIT ¹	9,531	9,519	9,617	8,770	6,723	6,719	6,708	6,775
Net income ¹	9,101	8,030	3,650	-11,139	5,279	6,383	6,331	6,456
Net Debt	14,328	-	13,047	12,144	10,062	-	4,034	3,552
Reference price ²	10.300	8.050	6.250	5.200	6.300	6.650	6.650	6.650
Nbr of stocks (in thousands)	80,00,000	80,00,000	80,00,000	80,00,000	80,00,000	80,00,000	80,00,000	-
Announcement Date	11/02/21	21/02/22	03/04/23	03/04/24	04/04/25	-	-	-

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.($)
3BB INTERNET INFRASTRUCTURE FUND	8.31x	-	-	9.05%	166.02Cr
INDUS TOWERS LIMITED	16.01x	4.05x	7.41x	4.41%	1.24TCr
INWIT S.P.A.	18.2x	10.77x	11.8x	7.3%	795.51Cr
STATE GRID INFORMATION & COMMUNICATION CO., LTD.	24.45x	-	-	1.35%	326.09Cr
DIGITAL TELECOMMUNICATIONS INFRASTRUCTURE FUND	8.59x	8.68x	8.92x	9.27%	318.5Cr
UNITI GROUP LLC	-5.78x	3.55x	8.87x	-.--%	259.16Cr
PT DAYAMITRA TELEKOMUNIKASI TBK.	19.98x	6.31x	7.68x	4.1%	250.54Cr
CHORUS LIMITED	80.48x	7.13x	10.12x	6.31%	241.61Cr
PT TOWER BERSAMA INFRASTRUCTURE TBK	26.41x	9.62x	11.46x	2.69%	226.94Cr
PT SARANA MENARA NUSANTARA TBK.	7.17x	5.07x	6.17x	4.28%	167.64Cr
Average	20.38x	6.90x	9.05x	4.87%	399.35Cr
Weighted average by Cap.	19.18x	6.75x	9.06x	5.02%