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 72,343 - -
Change - 15.91% 29.9% 3.77% -40.36% 47.56% - -
Enterprise Value (EV) 1 87,823 82,513 106,619 112,505 94,867 119,697 120,859 122,485
Change - -6.05% 29.22% 5.52% -15.68% 26.17% 0.97% 1.34%
P/E 20.3x 15.1x 17.9x 18.9x 9.55x 14.3x 12.8x 13.3x
PBR 1.72x 1.9x 2.37x 2.36x 1.33x 1.85x 1.75x 1.69x
PEG - 0.3x 1.91x -12.72x 0.5x -8.26x 1x -3.23x
Capitalization / Revenue 5.05x 4.44x 5.33x 7.25x 3.21x 4.5x 3.98x 3.77x
EV / Revenue 8.43x 6.01x 7.17x 9.93x 6.21x 7.45x 6.65x 6.38x
EV / EBITDA 23.3x 17.3x 19.3x 22.2x 15.9x 18x 15.6x 15.6x
EV / EBIT 27.9x 19.9x 22.2x 27.1x 19.2x 21.3x 18x 17.9x
EV / FCF 46.3x 28.7x 29.9x 142x -124x 24.8x 20.3x 20.8x
FCF Yield 2.16% 3.49% 3.35% 0.71% -0.81% 4.03% 4.92% 4.8%
Dividend per Share 2 0.02 - 0.1839 0.1906 - 0.2105 0.2288 0.2319
Rate of return 0.57% - 3.47% 3.47% - 4.35% 4.73% 4.79%
EPS 2 0.1733 0.2707 0.2961 0.2917 0.3436 0.3376 0.3792 0.3636
Distribution rate 11.5% - 62.1% 65.3% - 62.3% 60.3% 63.8%
Net sales 1 10,417 13,729 14,875 11,335 15,265 16,060 18,162 19,200
EBITDA 1 3,770 4,765 5,513 5,065 5,964 6,644 7,764 7,865
EBIT 1 3,150 4,155 4,803 4,150 4,935 5,630 6,707 6,829
Net income 1 2,590 4,046 4,426 4,359 5,135 5,110 5,657 5,403
Net Debt 1 35,211 21,530 27,401 30,297 45,842 47,354 48,517 50,142
Reference price 2 3.520 4.080 5.300 5.500 3.280 4.840 4.840 4.840
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
65.15x - - - 70.03B
12.7x4.44x11.39x3.79% 40.22B
18.87x4.07x16.38x1.3% 29.17B
5.63x0.73x1.53x8.79% 27.38B
14.61x3.17x15.15x2.39% 27.01B
8.31x1.49x8.38x4.26% 27.69B
10.24x2.01x7.75x4.1% 20.59B
8.36x2.94x6.88x-.--% 20.05B
7.32x0.81x2.95x3.05% 18.72B
Average 16.80x 2.46x 8.80x 3.46% 31.21B
Weighted average by Cap. 24.63x 2.66x 9.35x 3.58%

Y-o-Y evolution of P/E

Valuation ratios - P/E - WHA Corporation

Historical PBR trend

Valuation ratios - PBR - WHA Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - WHA Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - WHA Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - WHA Corporation