Company Valuation: Ratch Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 65,250 92,981 68,512 65,250 64,162 80,475 - -
Change - 42.5% -26.32% -4.76% -1.67% 25.42% - -
Enterprise Value (EV) 1 1,19,408 1,57,615 1,34,919 1,49,654 1,64,148 1,78,703 1,67,597 1,56,820
Change - 32% -14.4% 10.92% 9.68% 8.87% -6.21% -6.43%
P/E 8.4x 13.6x 13.2x 10.6x 10.3x 12.5x 11.4x 11x
PBR 0.93x 0.95x 0.7x 0.68x 0.69x 0.8x 0.77x 0.75x
PEG - -0.3x -0.5x 0.6x 7.26x 3.45x 1.22x 3.07x
Capitalization / Revenue 1.75x 1.24x 1.57x 1.97x 2.37x 2.28x 2.37x 1.98x
EV / Revenue 3.2x 2.11x 3.09x 4.52x 6.06x 5.07x 4.94x 3.85x
EV / EBITDA 25.7x 27.7x 19.4x 22.6x 28.4x 19x 17.2x 15.7x
EV / EBIT 47.6x 59.3x 46.8x 58x 78.9x 44.8x 37.7x 35.1x
EV / FCF 22.7x 30.7x 17.5x 24.5x 15x 9.22x 8.84x 6.78x
FCF Yield 4.41% 3.25% 5.71% 4.08% 6.65% 10.8% 11.3% 14.8%
Dividend per Share 2 2.5 1.6 1.6 1.6 1.6 1.594 1.614 1.627
Rate of return 5.56% 3.74% 5.08% 5.33% 5.42% 4.31% 4.36% 4.4%
EPS 2 5.36 3.15 2.38 2.82 2.86 2.964 3.24 3.356
Distribution rate 46.6% 50.8% 67.2% 56.7% 55.9% 53.8% 49.8% 48.5%
Net sales 1 37,327 74,725 43,675 33,133 27,082 35,253 33,914 40,691
EBITDA 1 4,653 5,697 6,948 6,609 5,789 9,406 9,762 9,958
EBIT 1 2,508 2,660 2,883 2,581 2,082 3,988 4,446 4,462
Net income 1 7,772 5,782 5,167 6,127 6,220 6,466 7,057 7,296
Net Debt 1 54,158 64,634 66,407 84,404 99,985 98,228 87,122 76,345
Reference price 2 45.00 42.75 31.50 30.00 29.50 37.00 37.00 37.00
Nbr of stocks (in thousands) 14,50,000 21,75,000 21,75,000 21,75,000 21,75,000 21,75,000 - -
Announcement Date 23/02/22 28/02/23 27/02/24 25/02/25 27/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.48x5.07x19x4.31% 239.1Cr
28.63x6.78x18.67x-.--% 4.12TCr
14.18x3.03x11.17x2.97% 3.3TCr
13.81x6.39x13.56x3.16% 3.26TCr
26.41x8.15x13.27x1.77% 2.97TCr
22.88x11.17x16.11x1.98% 2.98TCr
82.88x19.86x23.2x-.--% 2.42TCr
17.2x4.95x9.05x3.23% 1.87TCr
Average 27.31x 8.17x 15.50x 2.18% 2.64TCr
Weighted average by Cap. 27.98x 8.26x 15.26x 1.81%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Ratch Group

Historical PBR trend

Valuation ratios - PBR - Ratch Group

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Ratch Group

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Ratch Group


Year-on-year evolution of the Yield

Valuation ratios - Yield - Ratch Group
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