Company Valuation: Thoresen Thai Agencies

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,405 14,944 11,664 9,295 7,656 8,378 - -
Change - -14.14% -21.95% -20.31% -17.63% 9.43% - -
Enterprise Value (EV) 16,372 14,944 12,065 9,295 7,656 8,378 8,378 8,378
Change - -8.72% -19.27% -22.96% -17.63% 9.43% 0% 0%
P/E 4.5x 4.58x 9.55x 6.99x 5.11x -51.6x 6.93x 6.82x
PBR 0.82x 0.61x 0.47x 0.33x 0.27x 0.29x 0.28x 0.27x
PEG - -0.3x -0.2x 0.78x 0.4x 0x -0x 4.57x
Capitalization / Revenue 0.79x 0.51x 0.49x 0.29x 0.26x 0.31x 0.31x 0.3x
EV / Revenue 0x 0x 0x 0x 0x 0.31x 0.31x 0.3x
EV / EBITDA 0x - 0x 0x 0x 2.3x 3.76x 2.66x
EV / EBIT 0x - 0x 0x 0x 6.08x 5.37x 5.27x
EV / FCF - - 0x 0x 0x 2.36x 5.47x 5.21x
FCF Yield - - 5.82% 3.66% 31.8% 42.4% 18.3% 19.2%
Dividend per Share 2 0.22 0.22 0.22 0.18 0.22 0.12 0.23 0.24
Rate of return 2.3% 2.68% 3.44% 3.53% 5.19% 2.59% 4.96% 5.17%
EPS 2 2.12 1.79 0.67 0.73 0.83 -0.09 0.67 0.68
Distribution rate 10.4% 12.3% 32.8% 24.7% 26.5% -133% 34.3% 35.3%
Net sales 1 22,128 29,321 23,976 32,206 29,909 26,813 27,044 27,497
EBITDA 1 5,127 - 3,289 4,786 4,250 3,644 2,227 3,146
EBIT 1 3,595 - 1,870 2,313 1,967 1,377 1,559 1,590
Net income 1 3,859 3,269 1,217 1,323 1,516 -165 1,221 1,235
Net Debt -1,032 - 401.1 - - - - -
Reference price 2 9.550 8.200 6.400 5.100 4.240 4.640 4.640 4.640
Nbr of stocks (in thousands) 1,822,465 1,822,465 1,822,465 1,822,465 1,805,692 1,805,692 - -
Announcement Date 2/28/22 A 2/27/23 A 2/29/24 A 2/27/25 A 2/26/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.31x1.28x5.5x2.36% 17.08B
8.31x15.37x - -.--% 15.6B
27.52x7.37x17.54x2.47% 12.4B
Average 16.05x 8.00x 11.52x 1.61% 15.03B
Weighted average by Cap. 15.11x 7.83x 10.56x 1.57%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Thoresen Thai Agencies

Historical PBR trend

Valuation ratios - PBR - Thoresen Thai Agencies

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Thoresen Thai Agencies

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Thoresen Thai Agencies


Year-on-year evolution of the Yield

Valuation ratios - Yield - Thoresen Thai Agencies
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