Valuation Master Style

Stocks

End-of-day quote Thailand S.E. 18/08/2026			5-day change	1st Jan Change
9.150 ^THB	+1.10%		+3.39%	+22.82%

14/08	Master Style Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
15/05	Master Style Public Company Limited Appoints Ms. Prapawarin Longngam as Director, Effective 15 May 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2023	2024	2025	2026	2027	2028
Market Cap ¹	15,312	13,652	2,248	2,761	-	-
Change	-	-10.84%	-83.54%	22.82%	-	-
Enterprise Value (EV) ¹	13,866	13,760	2,426	2,987	3,070	2,761
Change	-	-0.76%	-82.37%	23.16%	2.77%	-10.08%
P/E	36.5x	26.2x	11.3x	12x	10.9x	9.84x
PBR	5.12x	3.89x	0.65x	0.78x	0.75x	-
PEG	-30.77x	1.1x	-0.2x	0.8x	1x	0.9x
Capitalization / Revenue	7.99x	6.39x	1.19x	1.45x	1.38x	1.3x
EV / Revenue	7.23x	6.44x	1.29x	1.56x	1.53x	1.3x
EV / EBITDA	23.6x	19.5x	6.21x	7.03x	6.6x	5.76x
EV / EBIT	26.4x	23.8x	10.4x	11.6x	10x	-
EV / FCF	-49.1x	257x	9.54x	5.88x	7.36x	-
FCF Yield	-2.04%	0.39%	10.5%	17%	13.6%	-
Dividend per Share ²	0.3588	0.16	0.4	0.45	0.4962	0.56
Rate of return	0.71%	0.35%	5.37%	4.92%	5.42%	6.12%
EPS ²	1.391	1.73	0.66	0.76	0.8402	0.93
Distribution rate	25.8%	9.25%	60.6%	59.2%	59.1%	60.2%
Net sales ¹	1,917	2,135	1,885	1,909	2,003	2,128
EBITDA ¹	586.4	704.6	390.7	425	464.9	479
EBIT ¹	524.8	577.4	233.8	258	307.1	-
Net income ¹	416.3	522.4	198	228	253.4	280
Net Debt ¹	-1,446	108	177.8	226.6	309.4	-
Reference price ²	50.750	45.250	7.450	9.150	9.150	9.150
Nbr of stocks (in thousands)	3,01,714	3,01,712	3,01,712	3,01,712	-	-
Announcement Date	22/02/24	26/02/25	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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
MASTER STYLE	11.9x	1.55x	6.87x	4.72%	8.27Cr
IHH HEALTHCARE	31.4x	3x	13.41x	1.38%	1.77TCr
APOLLO HOSPITALS ENTERPRISE LIMITED	51.26x	4.39x	28.62x	0.27%	1.33TCr
ENCOMPASS HEALTH CORPORATION	19.14x	2.27x	10.61x	0.65%	1.2TCr
AIER EYE HOSPITAL GROUP CO., LTD.	22.27x	3.13x	11.16x	1.93%	1.19TCr
THE ENSIGN GROUP, INC.	25.72x	2.07x	16.71x	0.15%	1.05TCr
MANIPAL HEALTH ENTERPRISES LIMITED	87.1x	7.56x	29.29x	-	994.51Cr
BANGKOK DUSIT MEDICAL SERVICES	19.15x	2.73x	11.06x	4.17%	938.53Cr
FORTIS HEALTHCARE LIMITED	52.6x	6.64x	28.74x	0.15%	717.54Cr
RAMSAY HEALTH CARE LIMITED	34.2x	0.94x	7.83x	1.9%	732.64Cr
Average	35.47x	3.43x	16.43x	1.7%	993.56Cr
Weighted average by Cap.	37.01x	3.56x	17.24x	1.29%