Valuation Global Power Synergy

Equities

End-of-day quote Thailand S.E. Other stock markets 13/03/2026			5-day change	1st Jan Change
33.00 ^THB	-2.94%		-3.65%	-8.33%

09/03	KGI Securities Downgrades Global Power Synergy to Neutral from Outperform, Price Target is THB37	MT
04/03	Kasikorn Securities Downgrades Global Power Synergy to Neutral from Outperform, Price Target is THB43	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	2,50,251	2,05,840	1,36,757	1,07,855	1,01,510	93,051	-	-
Change	-	-17.75%	-33.56%	-21.13%	-5.88%	-8.33%	-	-
Enterprise Value (EV) ¹	3,46,090	3,19,725	2,49,256	2,15,985	1,01,510	1,81,052	1,70,068	1,53,634
Change	-	-7.62%	-22.04%	-13.35%	-53%	78.36%	-6.07%	-9.66%
P/E ratio	34.1x	228x	37x	26.6x	15.9x	15.7x	14.5x	13.4x
PBR	2.31x	1.96x	1.29x	1x	-	0.86x	0.82x	0.81x
PEG	-	-2.6x	0x	2.68x	0.3x	-2.06x	1.67x	1.64x
Capitalization / Revenue	3.34x	1.66x	1.51x	1.19x	1.2x	1.14x	1.18x	1.19x
EV / Revenue	4.62x	2.58x	2.76x	2.38x	1.2x	2.21x	2.15x	1.96x
EV / EBITDA	19.9x	31.5x	15x	11.6x	5.5x	9.57x	9.05x	8.69x
EV / EBIT	42.3x	304x	34x	24.4x	11.2x	18.5x	17.5x	15.5x
EV / FCF	29.5x	-170x	15.6x	11.1x	-	11.8x	13.5x	11.6x
FCF Yield	3.39%	-0.59%	6.43%	9%	-	8.5%	7.39%	8.62%
Dividend per Share ²	1.5	-	0.74	0.9	-	1.179	1.277	1.352
Rate of return	1.69%	-	1.53%	2.35%	-	3.57%	3.87%	4.1%
EPS ²	2.6	0.32	1.31	1.44	2.27	2.097	2.279	2.465
Distribution rate	57.7%	-	56.5%	62.5%	-	56.2%	56%	54.8%
Net sales ¹	74,874	1,23,685	90,303	90,730	84,916	81,971	79,105	78,474
EBITDA ¹	17,407	10,164	16,645	18,609	18,457	18,922	18,798	17,683
EBIT ¹	8,175	1,051	7,336	8,852	9,070	9,805	9,702	9,940
Net income ¹	7,319	891.4	3,694	4,062	6,399	6,026	6,378	6,953
Net Debt ¹	95,839	1,13,885	1,12,499	1,08,130	-	88,001	77,017	60,583
Reference price ²	88.75	73.00	48.50	38.25	36.00	33.00	33.00	33.00
Nbr of stocks (in thousands)	28,19,729	28,19,729	28,19,729	28,19,729	28,19,729	28,19,729	-	-
Announcement Date	11/02/22	10/02/23	09/02/24	17/02/25	11/02/26	-	-	-

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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
GLOBAL POWER SYNERGY	16.21x	2.24x	9.72x	3.47%	298.66Cr
HUANENG POWER INTERNATIONAL, INC.	6.9x	1.7x	6.81x	7.19%	1.64TCr
ZHEJIANG ZHENENG ELECTRIC POWER CO., LTD.	10.51x	1.36x	6.07x	3.79%	1.1TCr
JSW ENERGY LIMITED	33.35x	7.55x	14.86x	0.47%	986.02Cr
WINTIME ENERGY GROUP CO.,LTD.	135.33x	-	-	-.--%	644.79Cr
SHAANXI ENERGY INVESTMENT CO., LTD.	14.52x	-	-	3.43%	620.73Cr
BEIJING JINGNENG POWER CO., LTD.	10.16x	-	-	-	574.06Cr
ABOITIZ POWER CORPORATION	10.78x	2.71x	11.26x	5.32%	535.83Cr
JIANGSU GUOXIN CORP. LTD.	9.67x	-	-	-	484.02Cr
Average	27.49x	3.11x	9.74x	3.38%	765.16Cr
Weighted average by Cap.	25.15x	3.04x	9.08x	3.85%