Company Valuation: PRG Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 6,540 6,960 7,707 7,350 6,297 6,870
Change - 6.42% 10.73% -4.63% -14.33% 9.11%
Enterprise Value (EV) 1 7,105 7,297 7,866 8,199 6,559 6,983
Change - 2.71% 7.79% 4.23% -20% 6.46%
P/E 16.1x 16.8x 12.4x 21.2x 14.4x 11.5x
PBR 1.16x 1.13x 0.89x 0.92x 0.58x 0.72x
PEG - 7.72x 0.3x -0.5x 0.7x 0.4x
Capitalization / Revenue 3.7x 4.18x 4.75x 3.94x 2.64x 2.55x
EV / Revenue 4.02x 4.38x 4.85x 4.39x 2.75x 2.59x
EV / EBITDA 181x 1,660x -239x -154x -292x 129x
EV / EBIT 465x -362x -127x -105x -137x 322x
EV / FCF 185x 258x -63.1x -112x -438x -1,632x
FCF Yield 0.54% 0.39% -1.58% -0.89% -0.23% -0.06%
Dividend per Share 2 0.65 - 0.3 0.3 0.38 0.76
Rate of return 5.96% - 2.56% 2.83% 4.39% 8.44%
EPS 2 0.6753 0.69 0.94 0.5 0.6 0.78
Distribution rate 96.3% - 31.9% 60% 63.3% 97.4%
Net sales 1 1,766 1,666 1,622 1,866 2,381 2,691
EBITDA 1 39.3 4.396 -32.88 -53.18 -22.49 54.02
EBIT 1 15.3 -20.14 -62.09 -77.84 -47.91 21.7
Net income 1 405.2 416.4 608.5 346.4 429.1 597.3
Net Debt 1 564.7 337.2 159.1 848.9 262.6 112.8
Reference price 2 10.90 11.60 11.70 10.60 8.65 9.00
Nbr of stocks (in thousands) 600,000 600,000 658,699 693,387 727,924 763,325
Announcement Date 3/1/21 A 2/28/22 A 2/28/23 A 2/29/24 A 2/21/25 A 2/25/26 A
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 252M
20.94x2.88x14.35x3.89% 256B
19.61x2.47x14.71x3.34% 78.53B
18.25x1.86x10.56x3.46% 50.53B
14.91x0.55x9.96x2.57% 38.79B
22.13x3.34x13.51x3.16% 36.72B
36.88x3.11x18.15x0.97% 31.67B
70.66x10.84x44.96x1.08% 30.81B
100.47x1.89x9.41x6.43% 29.56B
Average 37.98x 3.37x 16.95x 3.11% 61.46B
Weighted average by Cap. 28.10x 3.00x 15.35x 3.44%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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