Company Valuation: Indorama Ventures

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 242,829 228,793 152,997 139,802 90,394 150,189 - -
Change - -5.78% -33.13% -8.62% -35.34% 66.15% - -
Enterprise Value (EV) 1 450,600 461,362 388,646 384,702 326,544 378,644 356,793 339,660
Change - 2.39% -15.76% -1.01% -15.12% 15.96% -5.77% -4.8%
P/E 9.51x 7.56x -13.2x -6.82x -12.3x 19.5x 19.1x 16.3x
PBR 1.53x 1.23x 0.93x 1.11x 0.77x 1.21x 1.13x 1.06x
PEG - 0.4x 0x -0.1x 0.2x -0x 8.12x 1x
Capitalization / Revenue 0.52x 0.35x 0.28x 0.26x 0.2x 0.31x 0.31x 0.3x
EV / Revenue 0.96x 0.7x 0.72x 0.71x 0.73x 0.77x 0.73x 0.68x
EV / EBITDA 7.06x 6.17x 11.3x 9.37x 13.2x 7.96x 7.26x 6.58x
EV / EBIT 10.7x 9.41x 58.2x 29.4x -382x 15.3x 15.1x 13.4x
EV / FCF 32.6x 8.81x 13.3x 20.2x 10.8x 36.8x 20.2x 14.2x
FCF Yield 3.07% 11.3% 7.49% 4.96% 9.24% 2.72% 4.95% 7.02%
Dividend per Share 2 1 1.45 0.925 0.7 0.7 0.7143 0.7964 0.83
Rate of return 2.31% 3.56% 3.39% 2.81% 4.35% 2.67% 2.98% 3.1%
EPS 2 4.55 5.39 -2.06 -3.65 -1.309 1.369 1.401 1.64
Distribution rate 22% 26.9% -44.9% -19.2% -53.5% 52.2% 56.8% 50.6%
Net sales 1 468,108 656,266 541,458 541,583 447,246 489,148 490,670 496,922
EBITDA 1 63,825 74,772 34,373 41,078 24,681 47,561 49,167 51,635
EBIT 1 42,089 49,050 6,675 13,089 -854.8 24,669 23,571 25,405
Net income 1 26,288 31,006 -10,798 -19,262 -7,348 7,636 8,000 9,374
Net Debt 1 207,771 232,569 235,649 244,900 236,150 228,455 206,604 189,471
Reference price 2 43.25 40.75 27.25 24.90 16.10 26.75 26.75 26.75
Nbr of stocks (in thousands) 5,614,552 5,614,552 5,614,552 5,614,552 5,614,552 5,614,552 - -
Announcement Date 2/27/22 A 2/25/23 A 2/23/24 A 2/26/25 A 3/2/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
31.05x7.1x18.15x1.26% 235B
28.29x4.36x14.06x2.1% 125B
30.26x3.67x18.8x0.95% 81.34B
19.45x6.93x30.79x3.8% 73.24B
91.19x6.69x15.57x2.35% 68.4B
82.07x1.21x8.18x6.33% 34.95B
10.67x1.14x6.2x3.11% 31.4B
15.43x1.76x10.36x2.62% 24.59B
42.29x5.38x28.62x1.35% 23.31B
Average 38.97x 4.25x 16.75x 2.65% 77.36B
Weighted average by Cap. 36.62x 5.34x 17.61x 2.14%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Indorama Ventures

Historical PBR trend

Valuation ratios - PBR - Indorama Ventures

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Indorama Ventures

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Indorama Ventures


Year-on-year evolution of the Yield

Valuation ratios - Yield - Indorama Ventures
  1. Stock Market
  2. Stocks
  3. IVL Stock
  4. INDOY Stock
  5. Valuation Indorama Ventures