Company Valuation: Areeya Property

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,900 4,900 4,880 4,998 4,802 4,763
Change - 0% -0.4% 2.41% -3.92% -0.82%
Enterprise Value (EV) 1 12,920 13,008 13,564 14,114 13,973 15,442
Change - 0.68% 4.27% 4.05% -1% 10.51%
P/E 25.1x -13.5x 40.3x -12.9x -10.9x -3.77x
PBR 1.5x 1.7x 1.62x 1.87x 2.14x 4.78x
PEG - 0x -0x 0x -0.8x -0x
Capitalization / Revenue 0.86x 1.5x 1.47x 1.89x 3.55x 7.08x
EV / Revenue 2.26x 3.98x 4.1x 5.35x 10.3x 23x
EV / EBITDA 19.8x 385x 44x -238x -130x -48.2x
EV / EBIT 20.5x 397x 44.1x -232x -124x -46x
EV / FCF 7.49x -16.2x -262x 24.5x 47.1x 45.5x
FCF Yield 13.3% -6.18% -0.38% 4.08% 2.12% 2.2%
Dividend per Share 2 0.03 - - - - -
Rate of return 0.6% - - - - -
EPS 2 0.1988 -0.3701 0.1235 -0.3954 -0.4487 -1.288
Distribution rate 15.1% - - - - -
Net sales 1 5,716 3,265 3,309 2,639 1,352 672.5
EBITDA 1 652.7 33.79 308.1 -59.23 -107.5 -320.5
EBIT 1 630.6 32.75 307.3 -60.92 -112.6 -336
Net income 1 194.9 -345.6 134.3 -374.3 -426.4 -1,249
Net Debt 1 8,020 8,108 8,684 9,116 9,171 10,679
Reference price 2 5.000 5.000 4.980 5.100 4.900 4.860
Nbr of stocks (in thousands) 9,80,000 9,80,000 9,80,000 9,80,000 9,80,000 9,80,000
Announcement Date 01/03/21 01/03/22 27/02/23 22/02/24 28/02/25 16/04/26
1THB in Million2THB
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 8.23Cr
58.66x - - - 6.28TCr
11.71x3.62x10.43x-.--% 2.41TCr
8.18x16.63x19.95x5.7% 2.18TCr
4.41x0.24x0.49x7.69% 1.55TCr
8.98x17.43x - 5.89% 881.07Cr
8.05x0.82x6.77x2.43% 590.62Cr
-2.14x1.58x69.86x-.--% 504.37Cr
5.94x14.16x21.25x5.35% 490.98Cr
Average 12.97x 7.78x 21.46x 3.87% 1.65TCr
Weighted average by Cap. 29.29x 8.01x 15.42x 3.9%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  2. Stocks
  3. A Stock
  4. Valuation Areeya Property