Company Valuation: Thai Rung Union Car

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,210 2,894 3,896 2,258 2,301 2,579
Change - 30.96% 34.64% -42.03% 1.9% 12.05%
Enterprise Value (EV) 1 1,890 2,367 3,019 1,299 744.1 1,008
Change - 25.26% 27.55% -56.98% -42.7% 35.5%
P/E -24.2x 37.4x 9.92x 12.5x 6.05x 9.55x
PBR 0.69x 0.88x 1.06x 0.62x 0.59x 0.66x
PEG - -0x 0x -0.2x 0x -0.3x
Capitalization / Revenue 1.44x 1.46x 1.35x 0.94x 1.01x 1.41x
EV / Revenue 1.23x 1.2x 1.05x 0.54x 0.33x 0.55x
EV / EBITDA 42.3x 11.5x 5.44x 4.45x 2.42x 3.36x
EV / EBIT -23x 28.9x 6.99x 7.88x 3.7x 5.03x
EV / FCF 8.21x 11.2x 10.1x 6.71x 1.95x 6.97x
FCF Yield 12.2% 8.97% 9.88% 14.9% 51.3% 14.3%
Dividend per Share 2 0.0545 0.0909 0.3182 0.2 0.3 -
Rate of return 1.6% 2.06% 5.43% 5.92% 8.77% -
EPS 2 -0.1406 0.1182 0.5909 0.27 0.5656 0.4086
Distribution rate -38.8% 76.9% 53.9% 74.1% 53% -
Net sales 1 1,530 1,979 2,884 2,411 2,272 1,826
EBITDA 1 44.72 206 555.4 291.9 308 300.1
EBIT 1 -82.32 81.84 431.7 164.8 201.2 200.6
Net income 1 -91.36 78.43 394.1 183.2 380.2 275.1
Net Debt 1 -320.1 -526.9 -877.3 -959.7 -1,557 -1,570
Reference price 2 3.400 4.418 5.864 3.380 3.420 3.900
Nbr of stocks (in thousands) 6,49,932 6,54,992 6,64,468 6,68,182 6,72,899 6,61,180
Announcement Date 23/02/21 24/02/22 28/02/23 29/02/24 27/02/25 02/03/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 7.57Cr
24.14x1.61x12.51x1.57% 5.15TCr
12.24x0.65x5.42x3.73% 3.26TCr
10.44x0.64x8.42x1.41% 2.88TCr
12.82x2.36x8.32x4.56% 1.9TCr
12.64x1.1x6.3x4% 1.74TCr
10.46x0.49x4.82x3.11% 1.73TCr
38.03x1.33x14.6x0.57% 1.62TCr
33.75x3.13x18.62x0.91% 1.6TCr
19.65x2.78x11.05x1.89% 1.33TCr
Average 19.35x 1.57x 10.01x 2.42% 2.12TCr
Weighted average by Cap. 18.88x 1.43x 9.88x 2.37%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Stocks
  3. TRU Stock
  4. Valuation Thai Rung Union Car