Company Valuation: Chiangmai Rimdoi

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 225 575 385 205 190 175
Change - 155.56% -33.04% -46.75% -7.32% -7.89%
Enterprise Value (EV) 1 382.1 857 701.9 411.2 332.8 260.1
Change - 124.31% -18.1% -41.42% -19.07% -21.84%
P/E -2.5x 71.9x -24.8x -2.7x 11.5x 3.5x
PBR 0.65x 1.62x 1.12x 0.77x 0.44x 0.37x
PEG - -1x 0x -0x -0x 0x
Capitalization / Revenue 0.28x 0.65x 0.31x 0.25x 0.19x 0.19x
EV / Revenue 0.48x 0.96x 0.56x 0.51x 0.33x 0.28x
EV / EBITDA -4.3x 19.5x 16.6x -29.1x 4.98x 2.78x
EV / EBIT -3.68x 52.1x -516x -7.29x 8.45x 3.98x
EV / FCF 4.85x -8.3x -25.8x 4.5x 8.26x 4.6x
FCF Yield 20.6% -12% -3.88% 22.2% 12.1% 21.7%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.18 0.016 -0.031 -0.152 0.033 0.1001
Distribution rate - - - - - -
Net sales 1 796.3 890.3 1,252 805.3 1,021 919.9
EBITDA 1 -88.84 44.05 42.29 -14.13 66.86 93.72
EBIT 1 -103.8 16.45 -1.359 -56.37 39.38 65.37
Net income 1 -90.98 8.1 -15.35 -76.17 16.29 50.05
Net Debt 1 157.1 282 316.9 206.2 142.8 85.09
Reference price 2 0.4500 1.1500 0.7700 0.4100 0.3800 0.3500
Nbr of stocks (in thousands) 500,000 500,000 500,000 500,000 500,000 500,000
Announcement Date 2/22/21 A 2/28/22 A 2/27/23 A 2/22/24 A 2/23/25 A 2/21/26 A
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
54.28x2.48x23.72x0.07% 93.49B
12.63x1.08x5.9x4.63% 74.14B
27x2.07x20.31x1.12% 58.09B
33.25x4.18x22.67x0.2% 56.74B
52.24x4.2x26.69x1.7% 42.56B
29.59x0.73x12.06x2.09% 37.31B
23.66x1.62x14.9x0.2% 34.19B
24.19x0.49x7.81x2.44% 33.44B
4.51x0.3x5.99x6.24% 27.23B
Average 29.04x 1.90x 15.56x 2.08% 50.8B
Weighted average by Cap. 31.79x 2.09x 16.71x 1.83%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA