Company Valuation: TTW

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 45,486 35,910 36,508 36,309 36,110 41,097 - -
Change - -21.05% 1.67% -0.55% -0.55% 13.81% - -
Enterprise Value (EV) 45,486 35,910 37,794 37,216 37,957 41,097 41,097 41,097
Change - -21.05% 5.25% -1.53% 1.99% 8.27% 0% 0%
P/E 14.6x 12.2x 12.5x 13x 11x 13x 12.9x 12.9x
PBR 3.21x 2.44x 2.4x 2.32x 2.17x 2.38x 2.26x -
PEG - -2.38x -9.25x -3.16x 0.6x -3.55x 10.19x -
Capitalization / Revenue 7.83x 6.31x 6.47x 7.12x 6.89x 7.67x 7.53x 7.17x
EV / Revenue 0x 0x 0x 0x 0x 7.67x 7.53x 7.17x
EV / EBITDA 0x 0x 0x 0x 0x 9.32x 9.07x 8.53x
EV / EBIT - - 0x 0x 0x 10.5x 10.3x -
EV / FCF - - 0x 0x -0x 12.9x 15.7x -
FCF Yield - - 9.74% 8.71% -0.14% 7.75% 6.36% -
Dividend per Share 2 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6
Rate of return 5.26% 6.67% 6.56% 6.59% 6.63% 5.83% 5.83% 5.83%
EPS 2 0.78 0.74 0.73 0.7 0.82 0.79 0.8 0.8
Distribution rate 76.9% 81.1% 82.2% 85.7% 73.2% 75.9% 75% 75%
Net sales 1 5,806 5,691 5,644 5,098 5,238 5,356 5,461 5,731
EBITDA 1 4,700 4,525 4,276 3,800 3,993 4,412 4,529 4,819
EBIT 1 - - 3,291 3,157 3,332 3,896 3,995 -
Net income 1 3,104 2,967 2,932 2,791 3,266 3,123 3,177 3,319
Net Debt - - 1,285 907.1 1,847 - - -
Reference price 2 11.40 9.00 9.15 9.10 9.05 10.30 10.30 10.30
Nbr of stocks (in thousands) 3,990,000 3,990,000 3,990,000 3,990,000 3,990,000 3,990,000 - -
Announcement Date 2/22/22 A 2/21/23 A 2/22/24 A 2/26/25 A 2/24/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.16x - - 5.77% 1.27B
22.25x7.96x13.92x2.61% 26.91B
11.26x3.06x5.78x5.74% 6.97B
15.34x3.2x9.04x3.42% 4B
12.82x4.12x13.29x7.37% 2.81B
22.66x5.57x14.17x2.78% 2.66B
6.08x2.17x4.89x5.5% 1.95B
211.33x4.16x8.01x0.64% 1.76B
6.77x5.98x8.72x5.93% 1.73B
Average 35.74x 4.53x 9.73x 4.42% 5.56B
Weighted average by Cap. 24.91x 6.08x 11.57x 3.62%

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