Company Valuation: CP ALL

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 530,003 613,097 503,054 500,808 387,650 427,752 - -
Change - 15.68% -17.95% -0.45% -22.59% 10.34% - -
Enterprise Value (EV) 1 895,146 893,025 763,083 737,120 660,360 750,682 731,885 728,405
Change - -0.24% -14.55% -3.4% -10.41% 13.68% -2.5% -0.48%
P/E 44.4x 49.1x 27.9x 20.1x 14x 14x 12.9x 12x
PBR 5.09x 6.09x 4.53x 3.95x 2.83x 2.82x 2.54x 2.33x
PEG - 10.88x 0.6x 0.5x 1.2x 1.3x 1.53x 1.59x
Capitalization / Revenue 0.94x 0.74x 0.56x 0.52x 0.39x 0.41x 0.39x 0.38x
EV / Revenue 1.58x 1.08x 0.85x 0.77x 0.67x 0.72x 0.67x 0.64x
EV / EBITDA 20.8x 12.3x 9.78x 8.45x 7.29x 7.93x 7.37x 6.95x
EV / EBIT 49.2x 24.9x 18.4x 14.7x 12.5x 13.2x 12.2x 11.4x
EV / FCF 27.8x 20.2x 12.1x 13.8x 13.3x 15.3x 15.4x 14.3x
FCF Yield 3.6% 4.95% 8.24% 7.22% 7.54% 6.54% 6.49% 7.01%
Dividend per Share 2 0.6 0.75 1 1 1.65 1.736 1.886 2.069
Rate of return 1.02% 1.1% 1.79% 1.79% 3.79% 3.62% 3.93% 4.31%
EPS 2 1.33 1.39 2.01 2.77 3.1 3.431 3.721 4.002
Distribution rate 45.1% 54% 49.8% 36.1% 53.2% 50.6% 50.7% 51.7%
Net sales 1 565,207 829,099 895,281 958,998 990,663 1,040,927 1,086,494 1,134,297
EBITDA 1 42,992 72,352 78,034 87,269 90,540 94,703 99,364 104,782
EBIT 1 18,196 35,808 41,451 50,064 52,764 56,875 60,147 63,822
Net income 1 12,985 13,272 18,482 25,346 28,206 30,900 33,308 35,649
Net Debt 1 365,143 279,928 260,029 236,312 272,710 322,930 304,132 300,653
Reference price 2 59.00 68.25 56.00 55.75 43.50 48.00 48.00 48.00
Nbr of stocks (in thousands) 8,983,101 8,983,101 8,983,101 8,983,101 8,911,503 8,911,503 - -
Announcement Date 2/24/22 A 2/23/23 A 2/23/24 A 2/25/25 A 2/25/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
38.37x1.24x19.02x0.9% 885B
28.99x1.22x10.72x0.94% 54.14B
16.09x0.55x8.04x3.21% 41.06B
21.32x0.62x11.82x2.53% 40.76B
11.43x0.33x6.08x2.56% 35.37B
12.62x0.48x6.08x3.69% 34.78B
46.08x0.9x10.54x2.37% 34.1B
22.98x0.77x6.52x1.34% 27.95B
50.55x0.62x10.37x1.07% 23.69B
Average 27.60x 0.75x 9.91x 2.07% 130.76B
Weighted average by Cap. 35.10x 1.11x 16.52x 1.22%

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