Valuation WHA Corporation Thailand S.E.
Stocks
WHA-F
TH3871010Z19
Real Estate Development & Operations
|
End-of-day quote
Thailand S.E.
14/10/2026
|
5-day change | 1st Jan Change | ||
| 5.000 THB | 0.00% |
|
0.00% | -3.85% |
| 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 | 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 | ||
| 12.7x | 4.44x | 11.39x | 3.79% | 40.22B | ||
| 18.87x | 4.07x | 16.38x | 1.3% | 29.17B | ||
| 5.63x | 0.73x | 1.53x | 8.79% | 27.38B | ||
| 14.61x | 3.17x | 15.15x | 2.39% | 27.01B | ||
| 8.31x | 1.49x | 8.38x | 4.26% | 27.69B | ||
| 10.24x | 2.01x | 7.75x | 4.1% | 20.59B | ||
| 8.36x | 2.94x | 6.88x | -.--% | 20.05B | ||
| 7.32x | 0.81x | 2.95x | 3.05% | 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
Historical PBR trend
Evolution Enterprise Value / Sales
Change in Enterprise Value/EBITDA
Year-on-year evolution of the Yield
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