Company Valuation: CP ALL

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 530,003 613,097 503,054 500,808 387,650 412,157 - -
Change - 15.68% -17.95% -0.45% -22.59% 6.32% - -
Enterprise Value (EV) 1 895,146 893,025 763,083 737,120 660,360 694,124 716,567 702,367
Change - -0.24% -14.55% -3.4% -10.41% 5.11% 3.23% -1.98%
P/E 44.4x 49.1x 27.9x 20.1x 14x 13.6x 12.4x 11.5x
PBR 5.09x 6.09x 4.53x 3.95x 2.83x 2.72x 2.45x 2.23x
PEG - 10.88x 0.6x 0.5x 1.2x 1.4x 1.31x 1.42x
Capitalization / Revenue 0.94x 0.74x 0.56x 0.52x 0.39x 0.4x 0.38x 0.36x
EV / Revenue 1.58x 1.08x 0.85x 0.77x 0.67x 0.67x 0.66x 0.62x
EV / EBITDA 20.8x 12.3x 9.78x 8.45x 7.29x 7.33x 7.22x 6.75x
EV / EBIT 49.2x 24.9x 18.4x 14.7x 12.5x 12.5x 11.9x 11x
EV / FCF 27.8x 20.2x 12.1x 13.8x 13.3x 13.9x 15.7x 13.9x
FCF Yield 3.6% 4.95% 8.24% 7.22% 7.54% 7.2% 6.39% 7.2%
Dividend per Share 2 0.6 0.75 1 1 1.65 1.767 1.905 2.096
Rate of return 1.02% 1.1% 1.79% 1.79% 3.79% 3.82% 4.12% 4.53%
EPS 2 1.33 1.39 2.01 2.77 3.1 3.41 3.732 4.035
Distribution rate 45.1% 54% 49.8% 36.1% 53.2% 51.8% 51% 51.9%
Net sales 1 565,207 829,099 895,281 958,998 990,663 1,033,212 1,086,519 1,132,536
EBITDA 1 42,992 72,352 78,034 87,269 90,540 94,689 99,224 104,112
EBIT 1 18,196 35,808 41,451 50,064 52,764 55,510 60,011 63,653
Net income 1 12,985 13,272 18,482 25,346 28,206 30,710 33,438 36,031
Net Debt 1 365,143 279,928 260,029 236,312 272,710 281,967 304,409 290,210
Reference price 2 59.00 68.25 56.00 55.75 43.50 46.25 46.25 46.25
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.($)
13.56x0.67x7.33x3.82% 12.42B
36.42x1.18x17.96x0.95% 832B
23.41x1.13x9.8x1.01% 50.41B
16.11x0.63x11.72x2.74% 38.85B
15.03x0.52x7.65x3.43% 38.61B
11.39x0.33x6.08x2.58% 35.27B
27.53x0.85x9.84x2.68% 35.2B
11.42x0.45x5.68x4.12% 31.1B
20.01x0.75x6.24x1.3% 26.23B
50.04x0.56x9.41x1.08% 23.5B
Average 22.49x 0.71x 9.17x 2.37% 112.36B
Weighted average by Cap. 32.29x 1.05x 15.49x 1.34%

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