Company Valuation: Royal Plus

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025
Market Cap 1 5,628 4,154 3,417 770.5
Change - -26.19% -17.74% -77.45%
Enterprise Value (EV) 1 5,050 3,806 3,470 1,076
Change - -24.64% -8.83% -69%
P/E 24.5x 22.1x 79.5x -9.85x
PBR 4.49x 3.07x 2.59x 0.64x
PEG 0.2x -1.2x -1x 0x
Capitalization / Revenue 3.89x 2.91x 2.39x 0.58x
EV / Revenue 3.49x 2.67x 2.42x 0.81x
EV / EBITDA 17.1x 13.3x 19.6x 17x
EV / EBIT 20.4x 16.9x 49.3x -13.8x
EV / FCF - - - -
FCF Yield - - - -
Dividend per Share 2 0.13 0.12 0.06 -
Rate of return 1.55% 1.94% 1.18% -
EPS 2 0.3422 0.2807 0.0641 -0.1168
Distribution rate 38% 42.8% 93.6% -
Net sales 1 1,445 1,427 1,431 1,320
EBITDA 1 295.1 286.9 176.6 63.13
EBIT 1 247.7 225.5 70.37 -78.2
Net income 1 207.6 188.1 42.96 -78.25
Net Debt 1 -578.2 -348.3 52.58 305.2
Reference price 2 8.400 6.200 5.100 1.150
Nbr of stocks (in thousands) 6,70,000 6,70,000 6,70,000 6,70,000
Announcement Date 23/02/23 22/02/24 20/02/25 20/02/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.55x7.92x22.68x2.48% 37TCr
14.73x2.13x10.85x4.65% 17TCr
37.31x8.28x26.8x-.--% 8.41TCr
21.18x6.1x13.61x3.33% 5.67TCr
20.5x2.3x12.67x2.45% 4.48TCr
18.61x2.66x10.36x3.09% 4.13TCr
15.27x1.43x7.1x4.09% 2.24TCr
17.3x1.53x9.55x2.65% 2.05TCr
16.54x1.45x7.14x4.95% 1.82TCr
Average 20.78x 3.76x 13.42x 3.08% 9.2TCr
Weighted average by Cap. 22.90x 5.59x 17.78x 2.87%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA