Valuation Forth Corporation

Stocks

End-of-day quote Thailand S.E. Other stock markets 24/07/2026			5-day change	1st Jan Change
17.00 ^THB	+2.41%		+12.58%	+195.65%

23/07	Yuanta Securities Starts Forth Corporation at Buy with THB21.30 Price Target	MT
18/05	Forth Corporation posts total revenue for Q1 2,602 million baht	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Market Cap ¹	19,830	30,166	21,514	9,915	5,378	15,901	-
Change	-	52.12%	-28.68%	-53.91%	-45.75%	195.65%	-
Enterprise Value (EV) ¹	22,409	30,166	21,514	9,915	5,378	19,459	19,375
Change	-	34.61%	-28.68%	-53.91%	-45.75%	261.81%	-0.43%
P/E	27.5x	38.9x	37.7x	44.2x	6.53x	16.8x	14.4x
PBR	12x	-	-	-	-	4.47x	3.7x
PEG	-	4.99x	-1.4x	-0.7x	0x	1.1x	0.9x
Capitalization / Revenue	2.33x	3.2x	2.27x	1.13x	0.47x	1.31x	1.25x
EV / Revenue	2.63x	3.2x	2.27x	1.13x	0.47x	1.6x	1.52x
EV / EBITDA	16.8x	19.4x	14.4x	8.54x	2.63x	7.57x	6.87x
EV / EBIT	27.2x	29.6x	25.6x	23.5x	3.97x	10.9x	9.65x
EV / FCF	-	-41.3x	36.3x	-70.7x	5.31x	44.9x	52.5x
FCF Yield	-	-2.42%	2.75%	-1.42%	18.8%	2.23%	1.9%
Dividend per Share ²	0.45	0.52	0.47	-	0.21	0.3	0.35
Rate of return	2.12%	1.61%	2.04%	-	3.65%	1.76%	2.06%
EPS ²	0.77	0.83	0.61	0.24	0.88	1.01	1.18
Distribution rate	58.4%	62.7%	77%	-	23.9%	29.7%	29.7%
Net sales ¹	8,513	9,431	9,492	8,767	11,350	12,134	12,761
EBITDA ¹	1,337	1,553	1,493	1,162	2,044	2,572	2,822
EBIT ¹	825.1	1,019	840.8	422.6	1,354	1,792	2,007
Net income ¹	722.8	774.9	572.6	221.3	823.7	949	1,107
Net Debt ¹	2,579	-	-	-	-	3,558	3,474
Reference price ²	21.20	32.25	23.00	10.60	5.75	17.00	17.00
Nbr of stocks (in thousands)	9,35,375	9,35,375	9,35,375	9,35,375	9,35,375	9,35,375	-
Announcement Date	28/02/22	27/02/23	28/02/24	02/03/25	02/03/26	-	-

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
FORTH CORPORATION	16.44x	1.57x	7.42x	1.81%	46Cr
KEYENCE CORPORATION	34.04x	11.64x	21.71x	0.84%	11TCr
FLEX LTD.	31.67x	1.47x	16.86x	-.--%	4.69TCr
SHENGYI TECHNOLOGY CO.,LTD.	48.91x	7.33x	34.41x	1.62%	4.49TCr
TDK CORPORATION	25.72x	2.09x	10.06x	1.29%	3.61TCr
TELEDYNE TECHNOLOGIES INCORPORATED	31.15x	4.76x	18.95x	-.--%	3.02TCr
KYOCERA CORPORATION	34.78x	2.24x	16.05x	1.5%	2.96TCr
HEXAGON AB	8.94x	5.18x	10.31x	2.17%	2.19TCr
HALMA PLC	31.9x	4.88x	19.48x	0.72%	1.83TCr
LINGYI ITECH (GUANGDONG) COMPANY	28.24x	1.56x	13.64x	0.44%	1.38TCr
Average	29.18x	4.27x	16.89x	1.04%	3.49TCr
Weighted average by Cap.	32.65x	6.17x	19.60x	0.92%