Company Valuation: PP PRIME

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 254.6 1,494 1,271 617.9 493.2 283.8
Change - 486.66% -14.88% -51.4% -20.19% -42.45%
Enterprise Value (EV) 1 1,481 2,485 1,659 817.3 605.1 406.7
Change - 67.8% -33.24% -50.72% -25.96% -32.79%
P/E -0.77x -5.2x -1.6x -2.27x -1.95x -1.29x
PBR 3.48x 15.1x 2.1x 1.15x 1.08x 0.79x
PEG - 0.1x 0x 0x 0.1x 0.1x
Capitalization / Revenue 0.15x 2.3x 1.06x 0.47x 0.68x 0.49x
EV / Revenue 0.87x 3.82x 1.39x 0.63x 0.83x 0.7x
EV / EBITDA 17.4x -20.1x -12.5x -6.88x -7.69x -3.41x
EV / EBIT -55.2x -11.2x -7.83x -4.63x -4.67x -2.68x
EV / FCF 4.72x -30.6x -4.29x 8.97x 77.4x -6.63x
FCF Yield 21.2% -3.27% -23.3% 11.2% 1.29% -15.1%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -9.58 -2.693 -1.497 -0.44 -0.328 -0.2711
Distribution rate - - - - - -
Net sales 1 1,701 649.8 1,196 1,304 725.4 579.6
EBITDA 1 85.16 -123.5 -132.4 -118.7 -78.73 -119.1
EBIT 1 -26.83 -221.8 -211.8 -176.7 -129.6 -152
Net income 1 -329.6 -186.3 -487.9 -251.5 -224.6 -214.1
Net Debt 1 1,226 991 387.4 199.4 112 122.9
Reference price 2 7.4000 14.0000 2.4000 1.0000 0.6400 0.3500
Nbr of stocks (in thousands) 34,403 1,06,682 5,29,705 6,17,909 7,70,593 8,10,935
Announcement Date 02/03/21 01/03/22 01/03/23 28/02/24 02/03/25 27/02/26
1THB in Million2THB
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.86x0.51x8.98x3.1% 1.13TCr
-121.64x0.66x14.59x-.--% 488.56Cr
8.66x0.69x5.49x5.28% 289.91Cr
12.03x0.47x5.42x2.98% 212.37Cr
22.89x0.64x14.14x1.31% 183.94Cr
20.7x - - 1.05% 136.71Cr
13.97x0.16x3.57x1.58% 80Cr
Average -3.93x 0.52x 8.70x 2.19% 360.53Cr
Weighted average by Cap. -11.19x 0.56x 9.61x 2.45%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA