Company Valuation: Internet Thailand

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,310 2,575 2,134 3,282 2,172 2,554 - -
Change - 11.47% -17.13% 53.79% -33.82% 17.58% - -
Enterprise Value (EV) 1 2,310 2,575 7,624 8,817 8,025 6,632 2,554 2,554
Change - 11.47% 196.06% 15.64% -8.98% -17.36% -61.49% 0%
P/E 14x 12.9x 9.09x 7.33x 9.1x 7.64x 5.94x 4.55x
PBR - - 0.82x 0.96x 0.61x 0.56x - -
PEG - 0.6x 0.5x 0.1x -0.2x 0.2x 0.2x 0.1x
Capitalization / Revenue - 1.26x 1.02x 1.3x 0.69x 0.73x 0.66x 0.61x
EV / Revenue - 1.26x 3.65x 3.48x 2.55x 1.89x 0.66x 0.61x
EV / EBITDA - 2.55x 7.24x 6.45x 4.51x 3.63x 1.32x 1.2x
EV / EBIT - 3.49x 9.89x 8.12x 6.61x 5.47x - -
EV / FCF - - -5.7x -4.46x -8.14x 13.1x - -
FCF Yield - - -17.5% -22.4% -12.3% 7.66% - -
Dividend per Share 2 - - 0.116 0.119 0.126 0.17 0.21 0.28
Rate of return - - 2.72% 2.16% 3.46% 3.97% 4.91% 6.54%
EPS 2 0.33 0.4 0.4688 0.75 0.4 0.56 0.72 0.94
Distribution rate - - 24.7% 15.9% 31.5% 30.4% 29.2% 29.8%
Net sales 1 - 2,044 2,090 2,531 3,145 3,510 3,858 4,191
EBITDA 1 - 1,012 1,053 1,367 1,778 1,827 1,930 2,123
EBIT 1 - 737.2 771 1,085 1,214 1,212 - -
Net income 1 162.9 201.3 234.6 385 241.7 335 427 564
Net Debt 1 - - 5,490 5,535 5,853 4,078 - -
Reference price 2 4.620 5.150 4.260 5.500 3.640 4.280 4.280 4.280
Nbr of stocks (in thousands) 5,00,042 5,00,042 5,00,967 5,96,740 5,96,740 5,96,740 - -
Announcement Date 24/02/22 24/02/23 28/02/24 27/02/25 02/03/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.64x1.89x3.63x3.97% 7.67Cr
27.83x4.47x15.6x2.36% 27TCr
-91.48x14.45x83.68x-.--% 9.05TCr
12.74x2.31x8.57x6.48% 7.54TCr
9.74x1.07x5.6x4.95% 8.02TCr
18.66x4.9x12.1x3.07% 5.52TCr
12.77x1.85x7.76x6.08% 4.19TCr
12.84x1.47x10.06x1.26% 3.46TCr
18.45x1.35x8.62x1.07% 3.25TCr
14.09x1.78x8.26x6.14% 2.94TCr
Average 4.33x 3.55x 16.39x 3.54% 7.09TCr
Weighted average by Cap. 5.61x 4.61x 20.78x 3.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. INET Stock
  4. Valuation Internet Thailand