Valuation Master Style Thailand S.E.

Stocks

End-of-day quote Thailand S.E. 17/08/2026			5-day change	1st Jan Change
9.050 ^THB	+5.85%		+2.26%	+21.48%

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	2,730	-	-
Change	-	-10.84%	-83.54%	21.48%	-	-
Enterprise Value (EV) ¹	13,866	13,760	2,426	2,957	3,040	2,730
Change	-	-0.76%	-82.37%	21.91%	2.8%	-10.18%
P/E	36.5x	26.2x	11.3x	11.9x	10.8x	9.73x
PBR	5.12x	3.89x	0.65x	0.76x	0.74x	-
PEG	-30.77x	1.1x	-0.2x	0.8x	1x	0.9x
Capitalization / Revenue	7.99x	6.39x	1.19x	1.43x	1.36x	1.28x
EV / Revenue	7.23x	6.44x	1.29x	1.55x	1.52x	1.28x
EV / EBITDA	23.6x	19.5x	6.21x	6.87x	6.54x	5.7x
EV / EBIT	26.4x	23.8x	10.4x	10.8x	9.9x	-
EV / FCF	-49.1x	257x	9.54x	5.82x	7.29x	-
FCF Yield	-2.04%	0.39%	10.5%	17.2%	13.7%	-
Dividend per Share ²	0.3588	0.16	0.4	0.4268	0.4962	0.56
Rate of return	0.71%	0.35%	5.37%	4.72%	5.48%	6.19%
EPS ²	1.391	1.73	0.66	0.7608	0.8402	0.93
Distribution rate	25.8%	9.25%	60.6%	56.1%	59.1%	60.2%
Net sales ¹	1,917	2,135	1,885	1,908	2,003	2,128
EBITDA ¹	586.4	704.6	390.7	430.6	464.9	479
EBIT ¹	524.8	577.4	233.8	274.8	307.1	-
Net income ¹	416.3	522.4	198	228.8	253.4	280
Net Debt ¹	-1,446	108	177.8	226.6	309.4	-
Reference price ²	50.750	45.250	7.450	9.050	9.050	9.050
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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
IHH HEALTHCARE	31.63x	3.01x	13.49x	1.37%	1.77TCr
APOLLO HOSPITALS ENTERPRISE LIMITED	51.96x	4.44x	28.96x	0.27%	1.34TCr
ENCOMPASS HEALTH CORPORATION	19.4x	2.3x	10.73x	0.64%	1.22TCr
AIER EYE HOSPITAL GROUP CO., LTD.	22.35x	3.14x	11.2x	1.92%	1.2TCr
THE ENSIGN GROUP, INC.	25.73x	2.07x	16.72x	0.15%	1.05TCr
MANIPAL HEALTH ENTERPRISES LIMITED	85.17x	7.4x	28.64x	-	972.48Cr
BANGKOK DUSIT MEDICAL SERVICES	19.15x	2.79x	11.51x	4.17%	935.52Cr
FORTIS HEALTHCARE LIMITED	53.77x	6.79x	29.36x	0.14%	733.47Cr
RAMSAY HEALTH CARE LIMITED	34.21x	0.94x	7.83x	1.89%	730.74Cr
Average	38.15x	3.65x	17.61x	1.32%	1.11TCr
Weighted average by Cap.	37.01x	3.57x	17.35x	1.27%