Valuation WHA Corporation

Stocks

End-of-day quote Thailand S.E. 01/09/2026			5-day change	1st Jan Change
4.760 ^THB	-1.24%		-1.24%	+45.12%

08-11	Phillip Securities Upgrades WHA Corporation to Accumulate from Hold; Price Target is THB5.40	MT
08-10	WHA Corporation Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

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	71,147	-	-
Change	-	15.91%	29.9%	3.77%	-40.36%	45.12%	-	-
Enterprise Value (EV) ¹	87,823	82,513	106,619	112,505	94,867	119,084	120,188	121,758
Change	-	-6.05%	29.22%	5.52%	-15.68%	25.53%	0.93%	1.31%
P/E	20.3x	15.1x	17.9x	18.9x	9.55x	14.2x	12.5x	13.2x
PBR	1.72x	1.9x	2.37x	2.36x	1.33x	1.83x	1.73x	1.66x
PEG	-	0.3x	1.91x	-12.72x	0.5x	-6.26x	0.9x	-2.25x
Capitalization / Revenue	5.05x	4.44x	5.33x	7.25x	3.21x	4.47x	3.86x	3.7x
EV / Revenue	8.43x	6.01x	7.17x	9.93x	6.21x	7.49x	6.52x	6.33x
EV / EBITDA	23.3x	17.3x	19.3x	22.2x	15.9x	18.2x	15.5x	15.6x
EV / EBIT	27.9x	19.9x	22.2x	27.1x	19.2x	21.1x	17.9x	18.2x
EV / FCF	46.3x	28.7x	29.9x	142x	-124x	20.8x	17.8x	20.7x
FCF Yield	2.16%	3.49%	3.35%	0.71%	-0.81%	4.81%	5.6%	4.83%
Dividend per Share ²	0.02	-	0.1839	0.1906	-	0.2066	0.2249	0.2237
Rate of return	0.57%	-	3.47%	3.47%	-	4.34%	4.73%	4.7%
EPS ²	0.1733	0.2707	0.2961	0.2917	0.3436	0.3358	0.3817	0.3593
Distribution rate	11.5%	-	62.1%	65.3%	-	61.5%	58.9%	62.3%
Net sales ¹	10,417	13,729	14,875	11,335	15,265	15,905	18,429	19,224
EBITDA ¹	3,770	4,765	5,513	5,065	5,964	6,537	7,771	7,780
EBIT ¹	3,150	4,155	4,803	4,150	4,935	5,636	6,700	6,702
Net income ¹	2,590	4,046	4,426	4,359	5,135	5,052	5,640	5,324
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	4.760	4.760	4.760
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

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
WHA CORPORATION	14.17x	7.49x	18.22x	4.34%	2.14B
CTP N.V.	5.96x	17.01x	20.97x	5.21%	7.97B
CORPORACIÓN INMOBILIARIA VESTA, S.A.B. DE C.V.	11.18x	12.23x	15.32x	2.37%	3.09B
BECAMEX INVESTMENT AND INDUSTRIAL DEVELOPMENT GROUP	11.3x	-	-	-	1.72B
AMATA CORPORATION	8.31x	3.2x	8.32x	4.52%	1.07B
SWEDISH LOGISTIC PROPERTY AB	14.42x	16.1x	18.69x	1.11%	1.06B
MLP GROUP S.A.	9.06x	12.7x	25x	-.--%	771M
PROPERTY FOR INDUSTRY LIMITED	12.49x	16.38x	18.63x	4.32%	673M
STENDÖRREN FASTIGHETER	11.91x	12.9x	17.64x	-.--%	591M
Average	10.98x	12.25x	17.85x	2.73%	2.12B
Weighted average by Cap.	9.35x	13.72x	18.68x	3.86%