Company Valuation: Star Money

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025
Market Cap 1 2,288 1,309 1,100 935
Change - -42.79% -15.97% -15%
Enterprise Value (EV) 1 3,720 2,954 2,759 2,356
Change - -20.59% -6.61% -14.59%
P/E 20.9x 21.2x 21.7x 11x
PBR 2.06x 1.16x 0.96x 0.78x
PEG -0.9x -0.5x -1.2x 0.2x
Capitalization / Revenue 1.63x 0.95x 0.71x 0.62x
EV / Revenue 2.66x 2.14x 1.79x 1.56x
EV / EBITDA 19.4x 16.9x 23.1x 14.5x
EV / EBIT 21.3x 19x 26.6x 15.7x
EV / FCF - - - -
FCF Yield - - - -
Dividend per Share 2 0.04 0.03 0.03 0.058
Rate of return 1.92% 2.52% 3% 6.82%
EPS 2 0.0996 0.0561 0.046 0.0771
Distribution rate 40.2% 53.4% 65.2% 75.2%
Net sales 1 1,399 1,380 1,545 1,508
EBITDA 1 192.1 174.3 119.3 162.4
EBIT 1 174.7 155.4 103.7 150.1
Net income 1 81.14 61.75 50.58 84.82
Net Debt 1 1,432 1,645 1,659 1,421
Reference price 2 2.0800 1.1900 1.0000 0.8500
Nbr of stocks (in thousands) 11,00,000 11,00,000 11,00,000 11,00,000
Announcement Date 27/02/23 28/02/24 27/02/25 26/02/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 3.24Cr
8.54x1.61x1.79x2.88% 1.26TCr
8.79x2.18x33.65x7.28% 961.19Cr
11.87x - - - 628.4Cr
11.27x - - 4.64% 589.24Cr
36.85x2.82x13.59x-.--% 253.99Cr
13.48x - - 0.39% 169.71Cr
9.65x2.67x - - 143.61Cr
7.32x3.58x - 5.76% 71Cr
Average 13.47x 2.57x 16.34x 3.49% 453.77Cr
Weighted average by Cap. 11.49x 2.04x 15.36x 4.18%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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