Company Valuation: Thaicom

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,386 15,784 14,469 13,920 9,481 12,386 - -
Change - 27.43% -8.33% -3.79% -31.89% 30.64% - -
Enterprise Value (EV) 1 13,323 12,092 12,925 13,429 9,879 13,082 16,246 12,386
Change - -9.24% 6.89% 3.9% -26.44% 32.43% 24.19% -23.76%
P/E 86.9x 360x 41.3x -635x 216x 57.9x 96.9x 48.1x
PBR 1.11x 1.5x 1.41x 1.39x 0.94x 1.24x 1.22x -
PEG - -5.2x 0x 6x -1x 0x -2.4x 0x
Capitalization / Revenue 3.75x 5.1x 5.51x 5.77x 3.83x 5.95x 4.24x 4.35x
EV / Revenue 4.03x 3.91x 4.92x 5.57x 3.99x 6.28x 5.56x 4.35x
EV / EBITDA 11.2x 10.9x 14.4x 23.2x 12.2x 17.1x 14.2x 7.57x
EV / EBIT 193x 24.9x 51.9x -637x 76x -58.1x 114x 21x
EV / FCF 11.6x 6.23x -27.8x -11x -6.86x -7.77x -6.04x 17.9x
FCF Yield 8.65% 16.1% -3.59% -9.06% -14.6% -12.9% -16.6% 5.59%
Dividend per Share 2 - 0.5 0.13 - - - 0.05 -
Rate of return - 3.47% 0.98% - - - 0.44% -
EPS 2 0.13 0.04 0.32 -0.02 0.04 0.195 0.1167 0.235
Distribution rate - 1,250% 40.6% - - - 42.9% -
Net sales 1 3,303 3,096 2,627 2,413 2,474 2,083 2,922 2,846
EBITDA 1 1,189 1,107 899 579.9 809.4 764 1,142 1,636
EBIT 1 69.19 486.3 249 -21.09 130 -225 142 589
Net income 1 143.6 42.21 353.6 -22.84 40 72.33 128.7 262
Net Debt 1 936.8 -3,692 -1,543 -491.6 397.3 696 3,860 -
Reference price 2 11.30 14.40 13.20 12.70 8.65 11.30 11.30 11.30
Nbr of stocks (in thousands) 10,96,102 10,96,102 10,96,102 10,96,102 10,96,102 10,96,102 - -
Announcement Date 04/02/22 10/02/23 08/02/24 07/02/25 10/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
57.95x6.28x17.12x-.--% 38Cr
9.04x1.47x5.34x4.86% 9.65TCr
2.38x2.41x16.29x-.--% 2.49TCr
-26.25x118.65x-51.7x-.--% 1.8TCr
-131.97x35.56x72.71x-.--% 1.06TCr
52.06x7.03x13.31x1.31% 500.13Cr
22x4.39x10.55x2.23% 384.33Cr
-5.86x3.12x5.94x-.--% 251.67Cr
-12.11x2.34x5.42x10.38% 234.67Cr
Average -3.64x 20.14x 10.55x 2.09% 1.82TCr
Weighted average by Cap. -3.75x 16.93x 5.51x 3.1%

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