Company Valuation: Matichon

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 819.2 1,668 1,492 1,418 1,196 585.7
Change - 103.62% -10.56% -4.97% -15.69% -51.01%
Enterprise Value (EV) 1 -45.65 578.6 599 661.8 372.7 -103.8
Change - 1,367.5% 3.54% 10.47% -43.69% -127.86%
P/E 30.7x 7.62x 21.4x 46.4x -35.8x -5.33x
PBR 0.6x 1.08x 0.95x 0.92x 0.82x 0.42x
PEG - 0x -0.3x -0.8x 0x -0x
Capitalization / Revenue 1.23x 2.48x 2.19x 2.02x 2.02x 1.26x
EV / Revenue -0.07x 0.86x 0.88x 0.94x 0.63x -0.22x
EV / EBITDA -0.81x 5.91x 6.56x 12.9x -24.9x 1.29x
EV / EBIT -1.42x 7.68x 8.61x 19.3x -11.6x 1.05x
EV / FCF -0.55x 7.23x 8.48x 102x 118x 3.16x
FCF Yield -180% 13.8% 11.8% 0.98% 0.85% 31.7%
Dividend per Share 2 0.2 0.45 0.25 0.25 0.1 -
Rate of return 4.52% 5% 3.11% 3.27% 1.55% -
EPS 2 0.1441 1.181 0.3763 0.1649 -0.1803 -0.5924
Distribution rate 139% 38.1% 66.4% 152% -55.5% -
Net sales 1 664.1 673.6 682.5 702 590.4 464.2
EBITDA 1 56.23 97.98 91.33 51.12 -14.97 -80.51
EBIT 1 32.25 75.38 69.54 34.23 -32.22 -98.45
Net income 1 26.71 218.9 69.75 30.56 -33.42 -109.8
Net Debt 1 -864.9 -1,090 -893 -756.2 -822.8 -689.5
Reference price 2 4.420 9.000 8.050 7.650 6.450 3.160
Nbr of stocks (in thousands) 1,85,349 1,85,349 1,85,349 1,85,349 1,85,349 1,85,349
Announcement Date 25/02/21 25/02/22 28/02/23 29/02/24 28/02/25 27/02/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.9x2.32x10.03x2.18% 997.01Cr
-14.76x7.69x19.85x1.02% 534.35Cr
87.39x1.46x18.08x0.81% 344.83Cr
13.02x - - 5.82% 325.24Cr
9.66x0.58x4.67x3.59% 309.42Cr
11.2x0.27x1.91x6.88% 269.34Cr
14.08x - - - 266.42Cr
65.31x2x7.51x2.84% 211.69Cr
Average 25.60x 2.39x 10.34x 3.31% 407.29Cr
Weighted average by Cap. 21.15x 2.85x 11.40x 2.83%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA