Company Valuation: Ratchthani Leasing

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,804 23,558 14,724 9,967 10,839 13,206 - -
Change - -5.02% -37.5% -32.31% 8.75% 21.84% - -
Enterprise Value (EV) 24,804 23,558 14,724 9,967 10,839 13,206 13,206 13,206
Change - -5.02% -37.5% -32.31% 8.75% 21.84% 0% 0%
P/E 14.6x 13.4x 11.3x 12.3x 9.67x 9.64x 8.93x 8.59x
PBR 2.14x 1.91x 1.16x 0.75x 0.77x 0.89x 0.85x 0.82x
PEG - 4.02x -0.4x -0.3x 0.3x 0.4x 1.12x 2.22x
Capitalization / Revenue 7.49x 6.7x 4.3x 3.3x 3.95x 4.77x 4.53x 4.35x
EV / Revenue 0x 0x 0x 0x 0x 4.77x 4.53x 4.35x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 5.99x 5.66x 5.49x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.1546 0.1546 0.1546 0.07 0.11 0.1333 0.1375 0.14
Rate of return 3.88% 4.09% 6.54% 4.38% 6.32% 6.29% 6.49% 6.6%
EPS 2 0.2727 0.2818 0.2091 0.13 0.18 0.22 0.2375 0.2467
Distribution rate 56.7% 54.8% 73.9% 53.8% 61.1% 60.6% 57.9% 56.8%
Net sales 1 3,313 3,518 3,426 3,019 2,742 2,768 2,914 3,033
EBITDA - - - - - - - -
EBIT 1 2,729 3,670 2,689 2,151 2,086 2,205 2,331 2,406
Net income 1 1,709 1,753 1,287 800.2 1,148 1,370 1,472 1,533
Net Debt - - - - - - - -
Reference price 2 3.982 3.782 2.364 1.600 1.740 2.120 2.120 2.120
Nbr of stocks (in thousands) 62,29,331 62,29,331 62,29,331 62,29,329 62,29,329 62,29,329 - -
Announcement Date 17/02/22 16/02/23 16/02/24 18/02/25 23/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.77x16.18x - 0.73% 6.38TCr
34.78x4.87x16.7x-.--% 3.3TCr
22.93x4.97x24.61x0.08% 2.92TCr
16.41x11.59x22.51x1.21% 2.4TCr
7.58x1.81x3.4x1.79% 2.33TCr
26.87x3.58x10.76x-.--% 2.06TCr
20.12x21.71x - 0.26% 1.44TCr
20.79x18.01x42.51x0.17% 1.46TCr
Average 21.66x 10.34x 20.08x 0.53% 2.78TCr
Weighted average by Cap. 22.66x 10.36x 18.88x 0.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield