Company Valuation: IRPC

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 78,377 61,640 41,229 25,105 20,206 59,191 - -
Change - -21.35% -33.11% -39.11% -19.51% 192.93% - -
Enterprise Value (EV) 1 128,474 130,299 106,315 87,187 61,247 92,655 86,141 78,856
Change - 1.42% -18.41% -17.99% -29.75% 51.28% -7.03% -8.46%
P/E 5.41x -14.4x -14.4x -4.92x -5.82x 4.65x 14.8x 14x
PBR 0.9x 0.77x 0.54x 0.36x 0.31x 0.75x 0.73x 0.71x
PEG - 0x 0.4x -0.1x 0.2x -0x -0.2x 2.26x
Capitalization / Revenue 0.31x 0.19x 0.13x 0.08x 0.07x 0.19x 0.21x 0.21x
EV / Revenue 0.5x 0.4x 0.33x 0.28x 0.22x 0.29x 0.3x 0.28x
EV / EBITDA 4.45x 12.1x 19.6x 31.4x 9.87x 3.4x 5.89x 5.69x
EV / EBIT 7x 48.8x -32.9x -13.7x -19x 5.48x 15.7x 14.7x
EV / FCF 15.3x -10.4x 15.7x 14.5x 2.7x 3.98x 7.88x 8.84x
FCF Yield 6.55% -9.62% 6.36% 6.89% 37% 25.1% 12.7% 11.3%
Dividend per Share 2 0.22 0.07 0.03 0.03 0.01 0.0433 0.0317 0.0447
Rate of return 5.73% 2.32% 1.49% 2.44% 1.01% 1.53% 1.12% 1.57%
EPS 2 0.71 -0.21 -0.14 -0.25 -0.17 0.6114 0.1917 0.2035
Distribution rate 31% -33.3% -21.4% -12% -5.88% 7.09% 16.5% 21.9%
Net sales 1 255,115 324,800 319,047 314,833 279,572 318,396 287,996 283,760
EBITDA 1 28,877 10,727 5,437 2,773 6,204 27,289 14,626 13,861
EBIT 1 18,348 2,668 -3,229 -6,366 -3,221 16,920 5,478 5,355
Net income 1 14,505 -4,364 -2,923 -5,193 -3,571 12,453 3,780 3,731
Net Debt 1 50,097 68,659 65,086 62,082 41,041 33,464 26,950 19,666
Reference price 2 3.840 3.020 2.020 1.230 0.990 2.840 2.840 2.840
Nbr of stocks (in thousands) 20,410,591 20,410,591 20,410,591 20,410,591 20,410,591 20,410,591 - -
Announcement Date 2/8/22 A 2/7/23 A 2/13/24 A 2/10/25 A 2/17/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.51x1.66x7.03x2.53% 674B
18.2x1.51x8.84x0.5% 164B
6.82x0.57x2.58x4.63% 114B
8.06x0.78x5.3x1.19% 118B
7.24x0.84x5.1x0.97% 118B
8.67x0.72x6.43x1.92% 105B
9.9x1.93x4.93x2.46% 80.68B
11.96x1.46x7.76x1.94% 60.27B
16.61x0.71x8.83x1.24% 49.73B
Average 11.22x 1.13x 6.31x 1.93% 164.8B
Weighted average by Cap. 12.09x 1.33x 6.53x 2.12%

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