Valuation Thai Beverage Thailand S.E.

Stocks

End-of-day quote Thailand S.E. 06/11/2026			5-day change	1st Jan Change
11.20 ^THB	-0.88%		0.00%	-0.88%

20/10	Thai Beverage's Subsidiary Sets Up Vietnamese Unit	MT
19/10	Thai Beverage Public Co Ltd Through Its Indirect Wholly-Owned Subsidiary Interbev Limited Incorporates Vinabeco Company Limited in Vietnam	CI

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	2,85,901	-	-
Change	-	-2.75%	-2.44%	-12.37%	-13.27%	-2.75%	-	-
Enterprise Value (EV) ¹	5,92,999	5,56,888	5,50,339	5,25,552	4,77,513	4,49,176	4,35,895	4,25,980
Change	-	-6.09%	-1.18%	-4.5%	-9.14%	-5.93%	-2.96%	-2.27%
P/E	16.6x	13.2x	14.1x	12.5x	11.6x	10.8x	10x	9.53x
PBR	2.38x	1.93x	1.92x	2.27x	2.08x	1.88x	1.74x	1.62x
PEG	-	0.6x	-1.54x	-13.63x	-1.79x	2.65x	1.25x	1.84x
Capitalization / Revenue	1.69x	1.46x	1.39x	1x	0.88x	0.85x	0.82x	0.79x
EV / Revenue	2.47x	2.04x	1.97x	1.54x	1.43x	1.34x	1.25x	1.18x
EV / EBITDA	14.3x	12x	12.5x	9.37x	8.82x	8.17x	7.72x	7.29x
EV / EBIT	17.6x	14.4x	15.2x	11.5x	10.9x	10.1x	9.52x	8.86x
EV / FCF	20.7x	13.4x	20.2x	18.1x	14.5x	10.1x	11.3x	10.5x
FCF Yield	4.84%	7.48%	4.96%	5.54%	6.92%	9.89%	8.83%	9.5%
Dividend per Share ²	0.5	0.6	0.6	0.62	0.62	0.618	0.6469	0.6737
Rate of return	3.08%	3.8%	3.9%	4.6%	5.3%	5.43%	5.69%	5.92%
EPS ²	0.98	1.2	1.09	1.08	1.01	1.051	1.135	1.194
Distribution rate	51%	50%	55%	57.4%	61.4%	58.8%	57%	56.4%
Net sales ¹	2,40,543	2,72,359	2,79,085	3,40,289	3,33,286	3,35,637	3,48,706	3,60,528
EBITDA ¹	41,613	46,344	43,971	56,074	54,157	54,990	56,456	58,464
EBIT ¹	33,782	38,583	36,229	45,874	43,811	44,616	45,804	48,067
Net income ¹	24,645	30,106	27,434	27,216	25,361	26,925	28,872	30,378
Net Debt ¹	1,85,323	1,60,414	1,63,530	1,86,597	1,83,534	1,63,275	1,49,994	1,40,079
Reference price ²	16.23	15.78	15.40	13.49	11.70	11.38	11.38	11.38
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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
KWEICHOW MOUTAI CO., LTD.	21.68x	9.38x	14.09x	3.58%	27TCr
DIAGEO PLC	15.93x	3.86x	11.43x	2.15%	5.61TCr
WULIANGYE YIBIN CO.,LTD.	22.71x	4.06x	11.1x	6.62%	4.41TCr
SHANXI XINGHUACUN FEN WINE FACTORY CO.,LTD.	17.27x	4.5x	11.57x	3.89%	2.38TCr
PERNOD RICARD	13.36x	3.03x	10.04x	6.56%	2.02TCr
LUZHOU LAOJIAO CO.,LTD	16.99x	5.68x	10.9x	4.72%	1.79TCr
BROWN-FORMAN CORPORATION	18.34x	4.15x	14.07x	3.07%	1.43TCr
UNITED SPIRITS LIMITED	53.7x	6.84x	36.79x	1.01%	1.05TCr
DAVIDE CAMPARI-MILANO N.V.	25.1x	3.22x	12.97x	1.57%	908.51Cr
Average	22.79x	4.97x	14.77x	3.69%	5.2TCr
Weighted average by Cap.	21.01x	7.22x	13.55x	3.77%