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 10,632 - -
Change - 27.43% -8.33% -3.79% -31.89% 12.14% - -
Enterprise Value (EV) 1 13,323 12,092 12,925 13,429 9,879 11,359 14,618 10,632
Change - -9.24% 6.89% 3.9% -26.44% 14.99% 28.69% -27.27%
P/E 86.9x 360x 41.3x -635x 216x 55.4x 97x 24.9x
PBR 1.11x 1.5x 1.41x 1.39x 0.94x 1.07x 1.05x -
PEG - -5.2x 0x 6x -1x 0x -2.3x 0x
Capitalization / Revenue 3.75x 5.1x 5.51x 5.77x 3.83x 5.15x 3.68x 3.74x
EV / Revenue 4.03x 3.91x 4.92x 5.57x 3.99x 5.5x 5.06x 3.74x
EV / EBITDA 11.2x 10.9x 14.4x 23.2x 12.2x 17.2x 13.6x 7.25x
EV / EBIT 193x 24.9x 51.9x -637x 76x -46.7x 189x 29.8x
EV / FCF 11.6x 6.23x -27.8x -11x -6.86x -11.3x -5.34x 15.4x
FCF Yield 8.65% 16.1% -3.59% -9.06% -14.6% -8.86% -18.7% 6.51%
Dividend per Share 2 - 0.5 0.13 - - - 0.05 -
Rate of return - 3.47% 0.98% - - - 0.52% -
EPS 2 0.13 0.04 0.32 -0.02 0.04 0.175 0.1 0.39
Distribution rate - 1,250% 40.6% - - - 50% -
Net sales 1 3,303 3,096 2,627 2,413 2,474 2,066 2,889 2,846
EBITDA 1 1,189 1,107 899 579.9 809.4 661.5 1,077 1,467
EBIT 1 69.19 486.3 249 -21.09 130 -243 77.5 357
Net income 1 143.6 42.21 353.6 -22.84 40 193 111 432
Net Debt 1 936.8 -3,692 -1,543 -491.6 397.3 727 3,986 -
Reference price 2 11.300 14.400 13.200 12.700 8.650 9.700 9.700 9.700
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.($)
50x5.17x14.42x-.--% 32Cr
1553.55x43.32x88.17x - 2,00800Cr
36.64x5.68x23.57x0.23% 17TCr
14.25x2.65x6.69x2.66% 17TCr
9.76x2.38x6.38x4.78% 16TCr
29.25x5.32x9.32x1.78% 12TCr
7.34x1.32x4.79x6.06% 7.77TCr
19.43x2.21x8.38x3.59% 7.45TCr
14.71x2.39x7.83x2.86% 7.08TCr
13.38x1.42x4.84x3.38% 3.7TCr
Average 174.83x 7.19x 17.44x 2.81% 28.92TCr
Weighted average by Cap. 1,084.68x 31.10x 64.37x 2.86%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Thaicom

Historical PBR trend

Valuation ratios - PBR - Thaicom

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Thaicom

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Thaicom


Year-on-year evolution of the Yield

Valuation ratios - Yield - Thaicom