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 2,399 - -
Change - 11.47% -17.13% 53.79% -33.82% 10.44% - -
Enterprise Value (EV) 2,310 2,575 7,624 8,817 8,025 2,399 2,399 2,399
Change - 11.47% 196.06% 15.64% -8.98% -70.11% 0% 0%
P/E 14x 12.9x 9.09x 7.33x 9.1x 6.35x 4.17x 4.04x
PBR - - 0.82x 0.96x 0.61x - - -
PEG - 0.6x 0.5x 0.1x -0.2x 0.1x 0.1x 1.29x
Capitalization / Revenue - 1.26x 1.02x 1.3x 0.69x 0.74x 0.71x 0.7x
EV / Revenue - 0x 0x 0x 0x 0.74x 0.71x 0.7x
EV / EBITDA - 0x 0x 0x 0x 1.63x 1.43x 1.3x
EV / EBIT - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - 0.116 0.119 0.126 0.19 0.29 0.3
Rate of return - - 2.72% 2.16% 3.46% 4.75% 7.25% 7.5%
EPS 2 0.33 0.4 0.4688 0.75 0.4 0.63 0.96 0.99
Distribution rate - - 24.7% 15.9% 31.5% 30.2% 30.2% 30.3%
Net sales 1 - 2,044 2,090 2,531 3,145 3,258 3,392 3,425
EBITDA 1 - 1,012 1,053 1,367 1,778 1,470 1,676 1,843
EBIT - 737.2 771 1,085 1,214 - - -
Net income 1 162.9 201.3 234.6 385 241.7 376 571 589
Net Debt - - 5,490 5,535 5,853 - - -
Reference price 2 4.620 5.150 4.260 5.500 3.640 4.000 4.000 4.000
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.($)
23.44x3.81x13.31x2.83% 22TCr
13.92x1.53x8.06x3.45% 11TCr
-115.12x18.31x105.89x-.--% 11TCr
14.56x2.66x10.03x5.64% 8.52TCr
20.89x5.46x13.41x2.73% 6.33TCr
14.56x2.12x8.98x5.35% 4.71TCr
21.18x1.73x10.68x1.43% 4.09TCr
20.56x1.56x9.88x0.9% 3.94TCr
17.7x2.23x10.7x4.94% 3.63TCr
Average 3.52x 4.38x 21.22x 3.03% 8.51TCr
Weighted average by Cap. -0.91x 5.23x 25.25x 2.89%

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. IE2A Stock
  5. Valuation Internet Thailand