Valuation Singha Estate

Stocks

End-of-day quote Thailand S.E. 20/10/2026			5-day change	1st Jan Change
0.5100 ^THB	0.00%		0.00%	+4.08%

16/10	World Gym Corporation Signs Lease with Singha Estate for Second Bangkok Location	CI
14/08	Singha Estate 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	2020	2021	2022	2023	2024	2025
Market Cap ¹	10,966	13,845	12,679	6,100	6,168	3,358
Change	-	26.25%	-8.42%	-51.89%	1.12%	-45.56%
Enterprise Value (EV) ¹	31,785	44,312	43,911	42,678	42,007	38,094
Change	-	39.41%	-0.9%	-2.81%	-1.57%	-9.32%
P/E	-4.2x	-101x	26.1x	28.7x	94.1x	-2.46x
PBR	0.74x	0.87x	0.76x	0.37x	0.38x	0.23x
PEG	-	1.1x	-0x	-0.5x	-1.4x	0x
Capitalization / Revenue	1.67x	1.79x	1.01x	0.42x	0.4x	0.24x
EV / Revenue	4.84x	5.73x	3.5x	2.91x	2.75x	2.7x
EV / EBITDA	-45.8x	99.9x	19.6x	15.4x	13.7x	13.9x
EV / EBIT	-17.3x	-80.1x	34x	25.3x	21.9x	22.2x
EV / FCF	12.3x	23.2x	-82.5x	-11.2x	164x	30.9x
FCF Yield	8.13%	4.32%	-1.21%	-8.89%	0.61%	3.24%
Dividend per Share ²	-	-	0.02	0.015	0.01	0.015
Rate of return	-	-	1.08%	1.69%	1.11%	3.06%
EPS ²	-0.3813	-0.0201	0.071	0.031	0.009561	-0.1993
Distribution rate	-	-	28.2%	48.4%	105%	-7.53%
Net sales ¹	6,563	7,739	12,530	14,675	15,263	14,104
EBITDA ¹	-693.4	443.6	2,237	2,768	3,074	2,740
EBIT ¹	-1,833	-552.9	1,290	1,690	1,918	1,715
Net income ¹	-2,613	-137.4	489.8	210.6	65.53	-1,366
Net Debt ¹	20,820	30,467	31,232	36,578	35,839	34,735
Reference price ²	1.6000	2.0200	1.8500	0.8900	0.9000	0.4900
Nbr of stocks (in thousands)	68,53,719	68,53,719	68,53,719	68,53,719	68,53,719	68,53,719
Announcement Date	25/02/21	28/02/22	27/02/23	27/02/24	28/02/25	28/02/26

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.($)
SINGHA ESTATE	-	-	-	-	10Cr
VINGROUP	56.5x	-	-	-	6.06TCr
SUN HUNG KAI PROPERTIES LIMITED	12.39x	4.35x	11.16x	3.89%	3.92TCr
MITSUBISHI ESTATE CO., LTD.	18.42x	4.02x	16.16x	1.33%	2.84TCr
CHINA RESOURCES LAND LIMITED	8.29x	1.49x	8.37x	4.27%	2.76TCr
EMAAR PROPERTIES	5.68x	0.75x	1.56x	8.71%	2.76TCr
MITSUI FUDOSAN CO., LTD.	14.17x	3.12x	14.93x	2.47%	2.61TCr
CK ASSET HOLDINGS LIMITED	10x	1.95x	8.05x	4.2%	2.01TCr
VINHOMES	7.75x	2.79x	6.51x	-.--%	1.84TCr
ALPHA DHABI HOLDING	7.46x	0.83x	3.01x	3%	1.91TCr
Average	15.63x	2.41x	8.72x	3.48%	2.67TCr
Weighted average by Cap.	21.24x	2.59x	9.20x	3.66%