Valuation Forth Smart Service

Stocks

End-of-day quote Thailand S.E. Other stock markets 24/07/2026			5-day change	1st Jan Change
8.050 ^THB	+0.63%		+2.55%	+23.85%

22/06	Forth Smart Service Public Company Limited Completes Establishment of New Joint Venture Company	CI
15/05	Forth Smart Service Public Company Limited Announces Change of Chief Accountant, Effective May 15, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2022	2024	2025	2026	2027
Market Cap ¹	9,716	6,063	4,895	6,063	-
Change	-	-	-19.25%	23.85%	-
Enterprise Value (EV)	9,716	6,063	5,335	6,063	6,063
Change	-	-	-12.01%	13.65%	0%
P/E	32.3x	14.1x	8.33x	9.15x	8.75x
PBR	-	-	2.81x	-	-
PEG	-	-	0.2x	0.7x	1.93x
Capitalization / Revenue	-	-	1.95x	2.34x	2.23x
EV / Revenue	-	-	0x	2.34x	2.23x
EV / EBITDA	-	-	0x	5.96x	5.63x
EV / EBIT	-	-	-	-	-
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Dividend per Share ²	-	-	0.38	0.39	0.41
Rate of return	-	-	5.85%	4.84%	5.09%
EPS ²	0.4	0.57	0.78	0.88	0.92
Distribution rate	-	-	48.7%	44.3%	44.6%
Net sales ¹	-	-	2,507	2,595	2,721
EBITDA ¹	-	-	932.7	1,017	1,077
EBIT	-	-	566.3	-	-
Net income ¹	301.9	430.4	586.8	660	694
Net Debt	-	-	439.4	-	-
Reference price ²	12.900	8.050	6.500	8.050	8.050
Nbr of stocks (in thousands)	7,53,141	7,53,141	7,53,141	7,53,141	-
Announcement Date	24/02/23	28/02/25	26/02/26	-	-

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 SMART SERVICE	9.15x	-	-	4.84%	18Cr
VISA, INC.	27.87x	14.9x	21.17x	0.76%	67TCr
PAYPAL HOLDINGS, INC.	11.07x	1.51x	7.68x	0.96%	4.95TCr
BLOCK, INC.	33.95x	1.65x	9.45x	-.--%	4.63TCr
FISERV, INC.	8.92x	2.6x	6.01x	-.--%	2.72TCr
CORPAY, INC.	17.4x	5.55x	10.55x	-.--%	2.42TCr
GLOBAL PAYMENTS INC.	-66.26x	3.18x	6.77x	1.27%	2.21TCr
PAYPAY CORPORATION	21.59x	6.66x	21.85x	-.--%	1.05TCr
ONE97 COMMUNICATIONS LIMITED	137.48x	8.22x	126.04x	-.--%	853.24Cr
EDENRED SE	14.06x	2.48x	5.88x	5.34%	694.05Cr
Average	21.53x	5.19x	23.93x	1.32%	8.66TCr
Weighted average by Cap.	24.83x	12.21x	19.55x	0.72%