Company Valuation: Thai Union Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 90,769 78,672 66,827 55,317 49,345 49,731 - -
Change - -13.33% -15.06% -17.22% -10.8% 0.78% - -
Enterprise Value (EV) 1 152,087 126,000 118,365 115,495 116,015 112,117 111,339 109,640
Change - -17.15% -6.06% -2.42% 0.45% -3.36% -0.69% -1.53%
P/E 11.7x 11.5x -4.76x 12x 11x 11x 10.2x 9.41x
PBR 1.53x 0.98x 1.16x 1.14x 1.11x 1.11x 1.06x 1x
PEG - -1x 0x -0x 1.49x 15.43x 1.19x 1.16x
Capitalization / Revenue 0.64x 0.51x 0.49x 0.4x 0.37x 0.36x 0.35x 0.33x
EV / Revenue 1.08x 0.81x 0.87x 0.83x 0.87x 0.81x 0.78x 0.74x
EV / EBITDA 12.2x 10.2x 10.7x 9.97x 11.2x 9.39x 8.78x 8.2x
EV / EBIT 18.4x 15.7x 17.1x 16x 18.8x 15.3x 14.1x 12.8x
EV / FCF 71.8x 237x 18.7x 10.5x 143x 15.3x 20.1x 20x
FCF Yield 1.39% 0.42% 5.34% 9.5% 0.7% 6.52% 4.97% 4.99%
Dividend per Share 2 0.95 0.84 0.54 0.66 0.7 0.7441 0.8033 0.8546
Rate of return 4.87% 4.97% 3.6% 5.08% 5.47% 5.77% 6.23% 6.62%
EPS 2 1.66 1.47 -3.15 1.08 1.16 1.168 1.268 1.371
Distribution rate 57.2% 57.1% -17.1% 61.1% 60.3% 63.7% 63.3% 62.3%
Net sales 1 141,048 155,586 136,153 138,433 132,719 137,963 143,199 148,925
EBITDA 1 12,440 12,374 11,103 11,587 10,380 11,934 12,683 13,375
EBIT 1 8,256 8,050 6,912 7,222 6,170 7,324 7,908 8,560
Net income 1 8,013 7,138 -13,933 4,985 4,609 4,794 5,234 5,680
Net Debt 1 61,318 47,328 51,538 60,178 66,670 62,386 61,608 59,908
Reference price 2 19.50 16.90 15.00 13.00 12.80 12.90 12.90 12.90
Nbr of stocks (in thousands) 4,654,815 4,655,133 4,455,133 4,255,133 3,855,094 3,855,133 - -
Announcement Date 2/23/22 A 2/20/23 A 2/19/24 A 2/17/25 A 2/19/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.86x2.95x14.5x3.75% 261B
19.85x2.54x15.12x3.22% 81.43B
16.72x1.73x9.84x3.75% 44.84B
14.82x0.53x9.51x2.6% 38.62B
20.53x3.13x12.73x3.4% 34.09B
34.67x3x17.5x1.07% 30.83B
-8.74x1.88x9.42x6.47% 29.41B
26.06x5.42x17.27x3.22% 29.7B
17.57x1.69x11.92x4.85% 26.73B
Average 18.15x 2.54x 13.09x 3.59% 64.07B
Weighted average by Cap. 19.77x 2.66x 13.71x 3.6%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Thai Union Group

Historical PBR trend

Valuation ratios - PBR - Thai Union Group

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Thai Union Group

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Thai Union Group


Year-on-year evolution of the Yield

Valuation ratios - Yield - Thai Union Group
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  5. Valuation Thai Union Group