Valuation WHA Corporation Thailand S.E.
Stocks
WHA-R
TH3871010R19
Real Estate Development & Operations
|
End-of-day quote
Thailand S.E.
02/10/2026
|
5-day change | 1st Jan Change | ||
| 4.600 THB | 0.00% |
|
-3.36% | +40.24% |
| 09-24 | Bualuang Securities Upgrades WHA Corporation to Buy from Hold; Price Target is THB5.50 | MT |
| 09-24 | WHA Forms New Step-Down Subsidiary in Vietnam for Logistics Business | MT |
Company Valuation: WHA Corporation
Data adjusted to current consolidation scope
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Market Cap 1 | 52,613 | 60,983 | 79,218 | 82,208 | 49,026 | 68,755 | - | - |
| Change | - | 15.91% | 29.9% | 3.77% | -40.36% | 40.24% | - | - |
| Enterprise Value (EV) 1 | 87,823 | 82,513 | 106,619 | 112,505 | 94,867 | 116,693 | 117,796 | 119,367 |
| Change | - | -6.05% | 29.22% | 5.52% | -15.68% | 23.01% | 0.95% | 1.33% |
| P/E | 20.3x | 15.1x | 17.9x | 18.9x | 9.55x | 13.6x | 12.1x | 12.6x |
| PBR | 1.72x | 1.9x | 2.37x | 2.36x | 1.33x | 1.76x | 1.66x | 1.61x |
| PEG | - | 0.3x | 1.91x | -12.72x | 0.5x | -9.06x | 1x | -3.02x |
| Capitalization / Revenue | 5.05x | 4.44x | 5.33x | 7.25x | 3.21x | 4.29x | 3.74x | 3.56x |
| EV / Revenue | 8.43x | 6.01x | 7.17x | 9.93x | 6.21x | 7.28x | 6.4x | 6.18x |
| EV / EBITDA | 23.3x | 17.3x | 19.3x | 22.2x | 15.9x | 17.5x | 15.2x | 15.2x |
| EV / EBIT | 27.9x | 19.9x | 22.2x | 27.1x | 19.2x | 20.7x | 17.6x | 17.6x |
| EV / FCF | 46.3x | 28.7x | 29.9x | 142x | -124x | 20.4x | 17.5x | 20.3x |
| FCF Yield | 2.16% | 3.49% | 3.35% | 0.71% | -0.81% | 4.9% | 5.72% | 4.93% |
| Dividend per Share 2 | 0.02 | - | 0.1839 | 0.1906 | - | 0.2083 | 0.226 | 0.2287 |
| Rate of return | 0.57% | - | 3.47% | 3.47% | - | 4.53% | 4.91% | 4.97% |
| EPS 2 | 0.1733 | 0.2707 | 0.2961 | 0.2917 | 0.3436 | 0.3384 | 0.3807 | 0.3648 |
| Distribution rate | 11.5% | - | 62.1% | 65.3% | - | 61.5% | 59.4% | 62.7% |
| Net sales 1 | 10,417 | 13,729 | 14,875 | 11,335 | 15,265 | 16,026 | 18,399 | 19,313 |
| EBITDA 1 | 3,770 | 4,765 | 5,513 | 5,065 | 5,964 | 6,656 | 7,773 | 7,854 |
| EBIT 1 | 3,150 | 4,155 | 4,803 | 4,150 | 4,935 | 5,636 | 6,702 | 6,782 |
| Net income 1 | 2,590 | 4,046 | 4,426 | 4,359 | 5,135 | 5,091 | 5,639 | 5,413 |
| Net Debt 1 | 35,211 | 21,530 | 27,401 | 30,297 | 45,842 | 47,937 | 49,041 | 50,611 |
| Reference price 2 | 3.520 | 4.080 | 5.300 | 5.500 | 3.280 | 4.600 | 4.600 | 4.600 |
| Nbr of stocks (in thousands) | 14,946,835 | 14,946,835 | 14,946,835 | 14,946,835 | 14,946,835 | 14,946,835 | - | - |
| Announcement Date | 2/24/22 A | 2/23/23 A | 2/23/24 A | 2/21/25 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.($) | ||
|---|---|---|---|---|---|---|
| 60.56x | - | - | - | 64.64B | ||
| 13.75x | 4.48x | 12.05x | 3.68% | 39.14B | ||
| 8.05x | 1.45x | 8.04x | 4.4% | 26.73B | ||
| 17.28x | 3.88x | 15.6x | 1.42% | 26.68B | ||
| 5.61x | 0.73x | 1.51x | 8.77% | 27.43B | ||
| 13.18x | 3.02x | 14.44x | 2.65% | 24.33B | ||
| 9.11x | 3.46x | 7.66x | -.--% | 21.47B | ||
| 10.19x | 2x | 8.23x | 4.12% | 20.47B | ||
| 7.95x | 0.88x | 3.21x | 2.81% | 20.33B | ||
| Average | 16.19x | 2.49x | 8.84x | 3.48% | 30.14B | |
| Weighted average by Cap. | 22.75x | 2.63x | 9.17x | 3.61% |
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
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