Valuation SPCG

Stocks

End-of-day quote Thailand S.E. 15/10/2026			5-day change	1st Jan Change
11.70 ^THB	-2.50%		-4.10%	+25.81%

08/09	SPCG Public Company Limited Approves Appointment of Snitha Asawachinda as Acting Senior Executive Vice President, Operations, Effective September 8, 2026	CI
01/09	Vorasit Pokachaiyapat, Kriengkrai Jaruthavee JRT Green Energy Company Limited, Premia Global Limited and Premia Global Thai Limited proposed to acquire an additional 36.77% stake in SPCG Public Company Limited for THB 3.5 billion.	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	19,577	19,427	15,309	13,092	8,921	9,819
Change	-	-0.77%	-21.2%	-14.48%	-31.85%	10.06%
Enterprise Value (EV) ¹	21,307	20,782	14,275	10,205	5,930	8,393
Change	-	-2.46%	-31.31%	-28.51%	-41.9%	41.54%
P/E	7.17x	7.75x	6.6x	7.12x	13.1x	26x
PBR	1.29x	1.16x	0.84x	0.68x	0.48x	0.61x
PEG	-	-0.5x	-0.89x	-0.3x	-0.2x	-0.6x
Capitalization / Revenue	3.98x	4.32x	3.51x	3.17x	4.35x	5.69x
EV / Revenue	4.33x	4.63x	3.28x	2.47x	2.89x	4.86x
EV / EBITDA	5.34x	5.54x	4.03x	3.49x	4.05x	7.87x
EV / EBIT	6.41x	6.72x	4.93x	4.48x	7.25x	20x
EV / FCF	8.06x	-400x	5.6x	4.52x	5.31x	7.41x
FCF Yield	12.4%	-0.25%	17.9%	22.1%	18.8%	13.5%
Dividend per Share ²	1.2	0.8	0.85	0.95	1.2	0.66
Rate of return	5.97%	4.35%	5.86%	7.66%	14.2%	7.1%
EPS ²	2.805	2.374	2.198	1.741	0.6464	0.3583
Distribution rate	42.8%	33.7%	38.7%	54.6%	186%	184%
Net sales ¹	4,920	4,493	4,358	4,126	2,049	1,726
EBITDA ¹	3,991	3,749	3,543	2,923	1,466	1,067
EBIT ¹	3,322	3,092	2,893	2,278	817.9	420.5
Net income ¹	2,732	2,479	2,320	1,838	682.5	378.3
Net Debt ¹	1,730	1,356	-1,034	-2,886	-2,992	-1,426
Reference price ²	20.10	18.40	14.50	12.40	8.45	9.30
Nbr of stocks (in thousands)	9,73,990	10,55,790	10,55,790	10,55,790	10,55,790	10,55,790
Announcement Date	01/03/21	25/02/22	27/02/23	23/02/24	24/02/25	24/02/26

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
SPCG	-	-	-	-	37Cr
GE VERNOVA INC.	30.27x	5.04x	36.76x	0.22%	25TCr
NEXTERA ENERGY	19.5x	8.8x	15.36x	3.12%	17TCr
IBERDROLA, S.A.	21.04x	4.3x	11.9x	3.36%	16TCr
CHINA YANGTZE POWER CO., LTD.	19.89x	11.15x	14.57x	3.52%	11TCr
SOUTHERN COMPANY	20.48x	5.91x	12.98x	3.33%	10TCr
ENEL S.P.A.	12.58x	1.86x	6.57x	5.62%	10TCr
CONSTELLATION ENERGY CORPORATION	21.77x	3.23x	13.44x	0.63%	9.61TCr
DUKE ENERGY CORPORATION	17.96x	5.57x	11.18x	3.59%	9.47TCr
AMERICAN ELECTRIC POWER COMPANY, INC.	19.76x	5.15x	12.58x	3.03%	6.92TCr
Average	20.36x	5.67x	15.04x	2.94%	11.45TCr
Weighted average by Cap.	21.61x	5.75x	17.71x	2.64%