Company Valuation: VGI

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 43,917 43,883 18,695 59,600 19,624 21,312 - -
Change - -0.08% -57.4% 218.8% -67.07% 8.6% - -
Enterprise Value (EV) 1 51,412 38,425 16,256 42,097 14,034 5,932 6,152 6,296
Change - -25.26% -57.7% 158.97% -66.66% -57.73% 3.71% 2.34%
P/E -364x -653x -5.35x 99.3x -18.6x 51.8x 67.3x 67.3x
PBR 1.51x 1.56x 0.8x 1.71x 0.56x 0.59x 0.59x 0.59x
PEG - 11.4x -0x -1x 0x -0x -2.9x -
Capitalization / Revenue 10.7x 8.98x 3.88x 11.4x 4.22x 4.45x 4.14x 3.98x
EV / Revenue 12.5x 7.86x 3.38x 8.07x 3.02x 1.24x 1.19x 1.17x
EV / EBITDA 95.4x 52.6x -27.6x 40.6x -207x -148x -64.1x -58.3x
EV / EBIT -187x -57.3x -15.2x 85.6x -22.3x 58.2x 33.8x 30.6x
EV / FCF -129x -70.8x -12.2x 252x -30.2x -4.91x -38.7x -92.6x
FCF Yield -0.77% -1.41% -8.21% 0.4% -3.32% -20.4% -2.58% -1.08%
Dividend per Share 2 0.04 0.08 - 0.013 - 0.01 0.01 0.01
Rate of return 0.78% 2.04% - 0.44% - 0.99% 0.99% 0.99%
EPS 2 -0.014 -0.006 -0.312 0.03 -0.05 0.0195 0.015 0.015
Distribution rate -286% -1,333% - 43.3% - 51.3% 66.7% 66.7%
Net sales 1 4,098 4,889 4,813 5,219 4,646 4,789 5,151 5,361
EBITDA 1 538.8 730.8 -588.9 1,037 -67.76 -40 -96 -108
EBIT 1 -275.3 -670.9 -1,068 491.5 -630.4 102 182 206
Net income 1 -120.3 -64.88 -3,489 501.2 -1,064 415 346.5 353
Net Debt 1 7,495 -5,457 -2,439 -17,503 -5,590 -15,380 -15,160 -15,016
Reference price 2 5.100 3.920 1.670 2.980 0.930 1.010 1.010 1.010
Nbr of stocks (in thousands) 8,611,166 11,194,518 11,194,520 20,000,000 21,101,285 21,101,285 - -
Announcement Date 5/25/22 A 5/25/23 A 5/27/24 A 5/30/25 A 5/25/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
51.79x1.24x-148.31x0.99% 642M
14.36x1.55x5.24x4.99% 2.54B
-37.01x4.06x12.64x-.--% 1.21B
23.48x3.37x7.02x3.51% 908M
-54.82x3.08x5.63x-.--% 905M
30.87x - - - 567M
Average 4.78x 2.66x -23.56x 1.9% 1.13B
Weighted average by Cap. 2.12x 2.50x -8.90x 2.66%

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