Company Valuation: Forth Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 19,830 30,166 21,514 9,915 5,378 13,844 -
Change - 52.12% -28.68% -53.91% -45.75% 157.39% -
Enterprise Value (EV) 1 22,409 30,166 21,514 9,915 5,378 17,402 17,318
Change - 34.61% -28.68% -53.91% -45.75% 223.54% -0.48%
P/E 27.5x 38.9x 37.7x 44.2x 6.53x 14.7x 12.5x
PBR 12x - - - - 3.89x 3.22x
PEG - 4.99x -1.4x -0.7x 0x 1x 0.7x
Capitalization / Revenue 2.33x 3.2x 2.27x 1.13x 0.47x 1.14x 1.08x
EV / Revenue 2.63x 3.2x 2.27x 1.13x 0.47x 1.43x 1.36x
EV / EBITDA 16.8x 19.4x 14.4x 8.54x 2.63x 6.77x 6.14x
EV / EBIT 27.2x 29.6x 25.6x 23.5x 3.97x 9.71x 8.63x
EV / FCF - -41.3x 36.3x -70.7x 5.31x 40.2x 46.9x
FCF Yield - -2.42% 2.75% -1.42% 18.8% 2.49% 2.13%
Dividend per Share 2 0.45 0.52 0.47 - 0.21 0.3 0.35
Rate of return 2.12% 1.61% 2.04% - 3.65% 2.03% 2.36%
EPS 2 0.77 0.83 0.61 0.24 0.88 1.01 1.18
Distribution rate 58.4% 62.7% 77% - 23.9% 29.7% 29.7%
Net sales 1 8,513 9,431 9,492 8,767 11,350 12,134 12,761
EBITDA 1 1,337 1,553 1,493 1,162 2,044 2,572 2,822
EBIT 1 825.1 1,019 840.8 422.6 1,354 1,792 2,007
Net income 1 722.8 774.9 572.6 221.3 823.7 949 1,107
Net Debt 1 2,579 - - - - 3,558 3,474
Reference price 2 21.20 32.25 23.00 10.60 5.75 14.80 14.80
Nbr of stocks (in thousands) 935,375 935,375 935,375 935,375 935,375 935,375 -
Announcement Date 2/28/22 A 2/27/23 A 2/28/24 A 3/2/25 A 3/2/26 A - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.65x1.43x6.77x2.03% 419M
32.58x11.52x21.03x0.84% 120B
47.95x7.99x34.74x1.54% 53.74B
28.14x1.3x14.8x-.--% 42.77B
20.89x1.77x8.68x1.46% 34.71B
29.64x2.09x14.54x1.58% 30.02B
28.89x4.4x17.55x-.--% 27.99B
10.33x5.79x16.06x1.44% 26.01B
31.63x4.83x19.31x0.73% 18.56B
23.66x3.01x12.62x-.--% 16.58B
Average 26.84x 4.41x 16.61x 0.96% 37.08B
Weighted average by Cap. 30.66x 6.49x 19.53x 0.9%

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

  1. Stock Market
  2. Stocks
  3. FORTH Stock
  4. Valuation Forth Corporation
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