Company Valuation: Thai Union Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 90,769 78,672 66,827 55,317 49,345 48,960 - -
Change - -13.33% -15.06% -17.22% -10.8% -0.78% - -
Enterprise Value (EV) 1 1,52,087 1,26,000 1,18,365 1,15,495 1,16,015 1,09,573 1,09,104 1,06,994
Change - -17.15% -6.06% -2.42% 0.45% -5.55% -0.43% -1.93%
P/E 11.7x 11.5x -4.76x 12x 11x 10.9x 10.2x 9.41x
PBR 1.53x 0.98x 1.16x 1.14x 1.11x 1.1x 1.05x 0.99x
PEG - -1x 0x -0x 1.49x 13.51x 1.53x 1.15x
Capitalization / Revenue 0.64x 0.51x 0.49x 0.4x 0.37x 0.35x 0.34x 0.33x
EV / Revenue 1.08x 0.81x 0.87x 0.83x 0.87x 0.79x 0.76x 0.73x
EV / EBITDA 12.2x 10.2x 10.7x 9.97x 11.2x 9.05x 8.5x 8.04x
EV / EBIT 18.4x 15.7x 17.1x 16x 18.8x 15.1x 14x 12.8x
EV / FCF 71.8x 237x 18.7x 10.5x 143x 15.7x 21.1x 19.8x
FCF Yield 1.39% 0.42% 5.34% 9.5% 0.7% 6.38% 4.75% 5.04%
Dividend per Share 2 0.95 0.84 0.54 0.66 0.7 0.7431 0.7959 0.8664
Rate of return 4.87% 4.97% 3.6% 5.08% 5.47% 5.85% 6.27% 6.82%
EPS 2 1.66 1.47 -3.15 1.08 1.16 1.169 1.247 1.349
Distribution rate 57.2% 57.1% -17.1% 61.1% 60.3% 63.6% 63.8% 64.2%
Net sales 1 1,41,048 1,55,586 1,36,153 1,38,433 1,32,719 1,38,447 1,42,752 1,47,104
EBITDA 1 12,440 12,374 11,103 11,587 10,380 12,107 12,835 13,302
EBIT 1 8,256 8,050 6,912 7,222 6,170 7,269 7,818 8,341
Net income 1 8,013 7,138 -13,933 4,985 4,609 4,831 5,214 5,685
Net Debt 1 61,318 47,328 51,538 60,178 66,670 60,613 60,143 58,034
Reference price 2 19.50 16.90 15.00 13.00 12.80 12.70 12.70 12.70
Nbr of stocks (in thousands) 46,54,815 46,55,133 44,55,133 42,55,133 38,55,094 38,55,133 - -
Announcement Date 23/02/22 20/02/23 19/02/24 17/02/25 19/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.18x2.05x9.47x4.05% 1.17TCr
25.01x3.1x11.56x3.82% 853.28Cr
24.99x1.06x7.14x5.71% 281.1Cr
12.11x0.63x8.66x2.91% 231.05Cr
16.82x0.73x4.71x7.6% 185.81Cr
10.86x0.79x9.05x5.85% 148.33Cr
8.69x0.34x3.9x3.17% 125.79Cr
Average 18.95x 1.24x 7.78x 4.73% 427.69Cr
Weighted average by Cap. 25.70x 1.93x 9.23x 4.33%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. TU Stock
  4. THFRF Stock
  5. Valuation Thai Union Group
40% Discount: Identify Tomorrow's Best Investments With The Best Subscriber-Only Tools!
d
:
:
SEIZE THE OFFER!