Valuation Thai Beverage OTC Markets

Stocks

Market Closed - OTC Markets Other stock markets 10:29:42 23/06/2026 pm IST			5-day change	1st Jan Change
0.3358 ^USD	-2.91%		-.--%	-4.06%

10/06	RHB Adjusts Thai Beverage Public Company's Price Target to SG$0.56 from SG$0.62, Keeps at Buy	MT
21/05	Maybank Securities Upgrades Thai Beverage Public Company to Buy from Hold; Adjusts Price Target to SG$0.48 from SG$0.43	MT

Data adjusted to current consolidation scope

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	4,07,676	3,96,474	3,86,809	3,38,955	2,93,980	2,91,434	-	-
Change	-	-2.75%	-2.44%	-12.37%	-13.27%	-0.87%	-	-
Enterprise Value (EV) ¹	5,92,999	5,56,888	5,50,339	5,25,552	4,77,513	4,57,439	4,43,858	4,33,824
Change	-	-6.09%	-1.18%	-4.5%	-9.14%	-4.2%	-2.97%	-2.26%
P/E	16.6x	13.2x	14.1x	12.5x	11.6x	10.9x	10.1x	9.58x
PBR	2.38x	1.93x	1.92x	2.27x	2.08x	1.88x	1.74x	1.61x
PEG	-	0.6x	-1.54x	-13.63x	-1.79x	1.99x	1.34x	1.7x
Capitalization / Revenue	1.69x	1.46x	1.39x	1x	0.88x	0.86x	0.83x	0.8x
EV / Revenue	2.47x	2.04x	1.97x	1.54x	1.43x	1.36x	1.26x	1.19x
EV / EBITDA	14.3x	12x	12.5x	9.37x	8.82x	8.29x	7.82x	7.38x
EV / EBIT	17.6x	14.4x	15.2x	11.5x	10.9x	10.2x	9.59x	8.93x
EV / FCF	20.7x	13.4x	20.2x	18.1x	14.5x	10.3x	10.8x	10.7x
FCF Yield	4.84%	7.48%	4.96%	5.54%	6.92%	9.71%	9.29%	9.33%
Dividend per Share ²	0.5	0.6	0.6	0.62	0.62	0.618	0.6315	0.6595
Rate of return	3.08%	3.8%	3.9%	4.6%	5.3%	5.33%	5.45%	5.69%
EPS ²	0.98	1.2	1.09	1.08	1.01	1.065	1.146	1.211
Distribution rate	51%	50%	55%	57.4%	61.4%	58%	55.1%	54.5%
Net sales ¹	2,40,543	2,72,359	2,79,085	3,40,289	3,33,286	3,37,115	3,51,695	3,65,387
EBITDA ¹	41,613	46,344	43,971	56,074	54,157	55,188	56,727	58,767
EBIT ¹	33,782	38,583	36,229	45,874	43,811	45,012	46,290	48,581
Net income ¹	24,645	30,106	27,434	27,216	25,361	27,067	28,882	30,364
Net Debt ¹	1,85,323	1,60,414	1,63,530	1,86,597	1,83,534	1,66,005	1,52,424	1,42,389
Reference price ²	16.23	15.78	15.40	13.49	11.70	11.60	11.60	11.60
Nbr of stocks (in thousands)	2,51,18,755	2,51,20,888	2,51,24,754	2,51,27,675	2,51,30,487	2,51,31,686	-	-
Announcement Date	26/11/21	25/11/22	22/11/23	21/11/24	25/11/25	-	-	-

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.($)
DIAGEO PLC	13.26x	3.34x	10.31x	2.62%	4.56TCr
PERNOD RICARD	11.51x	2.77x	9.18x	7.31%	1.84TCr
BROWN-FORMAN CORPORATION	15.37x	3.54x	12.02x	3.64%	1.21TCr
RADICO KHAITAN LIMITED	88.82x	8.65x	53.52x	0.15%	547.5Cr
EMPERADOR INC.	40.04x	4.61x	25.29x	0.78%	393.99Cr
RÉMY COINTREAU	25.26x	3.07x	13.47x	2.21%	256.5Cr
ALLIED BLENDERS AND DISTILLERS LIMITED	56.05x	4.3x	29.99x	0.83%	192.46Cr
FEVERTREE DRINKS PLC	29.63x	2.11x	16.97x	2.32%	122.31Cr
Average	34.99x	4.05x	21.34x	2.48%	1.14TCr
Weighted average by Cap.	20.34x	3.62x	14.14x	3.42%