Valuation North East Rubbers

Stocks

End-of-day quote Thailand S.E. 04/09/2026			5-day change	1st Jan Change
4.740 ^THB	+1.28%		+2.16%	+5.80%

06/08	Krungsri Securities Upgrades North East Rubber to Buy from Neutral; Price Target is THB5.30	MT
05/08	North East Rubber Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	12,324	11,733	9,165	8,537	8,278	8,759	-	-
Change	-	-4.8%	-21.89%	-6.85%	-3.03%	5.81%	-	-
Enterprise Value (EV) ¹	19,377	18,389	18,185	18,929	18,222	18,685	19,380	19,922
Change	-	-5.1%	-1.1%	4.09%	-3.73%	2.54%	3.72%	2.8%
P/E	6.43x	6.68x	5.93x	5.17x	4.39x	5.27x	4.76x	4.72x
PBR	2.26x	1.78x	1.23x	1.01x	0.85x	0.85x	0.72x	0.65x
PEG	-	-0.5x	-0.5x	0.74x	0.3x	-0.4x	0.5x	4.7x
Capitalization / Revenue	0.5x	0.47x	0.37x	0.31x	0.27x	0.28x	0.27x	0.26x
EV / Revenue	0.79x	0.73x	0.73x	0.69x	0.6x	0.6x	0.6x	0.58x
EV / EBITDA	7.49x	7.75x	7.93x	7.85x	7.41x	7.53x	7.16x	6.99x
EV / EBIT	8.05x	8.03x	8.68x	8.69x	8.2x	8.42x	7.84x	7.67x
EV / FCF	-10.3x	22.2x	311x	-71.6x	11.9x	21.2x	60.4x	-25.8x
FCF Yield	-9.73%	4.5%	0.32%	-1.4%	8.4%	4.71%	1.66%	-3.88%
Dividend per Share ²	0.43	0.38	0.34	0.36	0.31	0.335	0.395	0.4
Rate of return	6.14%	5.98%	6.85%	7.79%	6.92%	7.07%	8.33%	8.44%
EPS ²	1.088	0.95	0.836	0.8943	1.02	0.9	0.995	1.005
Distribution rate	39.5%	40%	40.7%	40.3%	30.4%	37.2%	39.7%	39.8%
Net sales ¹	24,426	25,172	25,045	27,448	30,240	31,277	32,367	34,248
EBITDA ¹	2,586	2,373	2,293	2,411	2,458	2,480	2,706	2,849
EBIT ¹	2,408	2,290	2,095	2,179	2,223	2,219	2,471	2,598
Net income ¹	1,850	1,748	1,546	1,652	1,885	1,651	1,834	1,855
Net Debt ¹	7,052	6,655	9,020	10,392	9,944	9,926	10,621	11,163
Reference price ²	7.000	6.350	4.960	4.620	4.480	4.740	4.740	4.740
Nbr of stocks (in thousands)	17,60,635	18,47,790	18,47,790	18,47,790	18,47,790	18,47,815	-	-
Announcement Date	21/02/22	17/02/23	27/02/24	19/02/25	19/02/26	-	-	-

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.($)
NORTH EAST RUBBERS	5.2x	0.59x	7.49x	7.16%	26Cr
BRIDGESTONE CORPORATION	14.12x	1.07x	5.69x	3.27%	3.25TCr
MICHELIN (CGDE)	14.15x	1.03x	5.75x	3.88%	2.74TCr
SAILUN GROUP CO., LTD.	11.44x	1.17x	6.61x	2.59%	725.04Cr
THE YOKOHAMA RUBBER COMPANY, LIMITED	8.42x	1.13x	5.45x	3.44%	712.57Cr
ZHONGCE RUBBER GROUP CO., LTD.	9.94x	-	-	3.06%	654.86Cr
VIETNAM RUBBER INDUSTRY GROUP -	17.76x	-	-	3.15%	486.35Cr
SUMITOMO RUBBER INDUSTRIES, LTD.	9.81x	0.66x	5.35x	4.12%	366.26Cr
TOYO TIRE CORPORATION	7.77x	0.83x	4.11x	3.79%	363.29Cr
NOKIAN RENKAAT OYJ	35.81x	1.92x	10.79x	1.86%	257.93Cr
Average	13.44x	1.05x	6.41x	3.63%	959.08Cr
Weighted average by Cap.	13.56x	1.07x	5.85x	3.41%