Company Valuation: Ditto (Thailand)

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 11,990 31,419 18,004 9,854 7,564
Change - 162.05% -42.7% -45.27% -23.24%
Enterprise Value (EV) 1 11,638 30,746 17,369 9,566 7,160
Change - 164.19% -43.51% -44.93% -25.15%
P/E 56.2x 130x 52.7x 21.4x 12.6x
PBR 11.6x 24.8x 7.31x 2.77x 1.99x
PEG 1.4x 10x 1.5x 0.7x 0.4x
Capitalization / Revenue 11x 25.4x 9.91x 4.05x 2.39x
EV / Revenue 10.7x 24.9x 9.56x 3.93x 2.26x
EV / EBITDA 46.3x 92.8x 39.5x 18x 10.4x
EV / EBIT 57.1x 105x 43.2x 19.2x 11x
EV / FCF 176x 110x -599x -34.5x 22.4x
FCF Yield 0.57% 0.91% -0.17% -2.9% 4.47%
Dividend per Share 2 0.0077 0.0093 0.25 0.25 0.5
Rate of return 0.04% 0.02% 0.92% 1.76% 4.59%
EPS 2 0.3365 0.3804 0.517 0.665 0.8636
Distribution rate 2.29% 2.44% 48.4% 37.6% 57.9%
Net sales 1 1,091 1,237 1,817 2,432 3,169
EBITDA 1 251.6 331.2 439.5 531.6 688.5
EBIT 1 203.9 291.7 402.2 497.9 651.6
Net income 1 200.7 234.7 335.1 458.3 599.2
Net Debt 1 -352.1 -673.5 -635.7 -287.8 -403.9
Reference price 2 18.92 49.58 27.25 14.20 10.90
Nbr of stocks (in thousands) 6,33,600 6,33,667 6,60,714 6,93,914 6,93,914
Announcement Date 28/02/22 27/02/23 27/02/24 26/02/25 26/02/26
1THB in Million2THB
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.35x4.08x14.18x2.67% 24TCr
23.7x4.96x12.16x0.7% 20TCr
16.88x1.92x9.87x2.8% 15TCr
-572.5x40.7x167.18x-.--% 12TCr
-131.85x18.31x100.69x-.--% 12TCr
16.53x2.98x11.5x4.87% 9.64TCr
23.25x6.01x14.75x2.43% 6.96TCr
25.21x2.1x13.28x1.23% 4.96TCr
15.31x2.22x9.43x4.97% 4.96TCr
Average -62.01x 9.25x 39.23x 2.19% 12.12TCr
Weighted average by Cap. -59.25x 9.31x 38.71x 1.96%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Ditto (Thailand)

Historical PBR trend

Valuation ratios - PBR - Ditto (Thailand)

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Ditto (Thailand)

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Ditto (Thailand)