Valuation Indorama Ventures

Stocks

End-of-day quote Thailand S.E. 09/11/2026			5-day change	1st Jan Change
22.30 ^THB	-1.33%		-12.55%	+38.51%

10/11	Indorama Ventures Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2026	CI
19/08	Indorama Ventures Public Company Limited, Q2 2026 Earnings Call, Aug 11, 2026

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	242,829	228,793	152,997	139,802	90,394	125,205	-	-
Change	-	-5.78%	-33.13%	-8.62%	-35.34%	38.51%	-	-
Enterprise Value (EV) ¹	450,600	461,362	388,646	384,702	326,544	351,706	333,105	314,774
Change	-	2.39%	-15.76%	-1.01%	-15.12%	7.71%	-5.29%	-5.5%
P/E	9.51x	7.56x	-13.2x	-6.82x	-12.3x	15.9x	16.1x	13.8x
PBR	1.53x	1.23x	0.93x	1.11x	0.77x	1.01x	0.94x	0.88x
PEG	-	0.4x	0x	-0.1x	0.2x	-0x	-12.2x	0.8x
Capitalization / Revenue	0.52x	0.35x	0.28x	0.26x	0.2x	0.26x	0.26x	0.25x
EV / Revenue	0.96x	0.7x	0.72x	0.71x	0.73x	0.72x	0.68x	0.63x
EV / EBITDA	7.06x	6.17x	11.3x	9.37x	13.2x	7.33x	6.81x	6.1x
EV / EBIT	10.7x	9.41x	58.2x	29.4x	-382x	14x	14.2x	12.4x
EV / FCF	32.6x	8.81x	13.3x	20.2x	10.8x	34.2x	18.9x	13.2x
FCF Yield	3.07%	11.3%	7.49%	4.96%	9.24%	2.92%	5.29%	7.56%
Dividend per Share ²	1	1.45	0.925	0.7	0.7	0.7321	0.8009	0.778
Rate of return	2.31%	3.56%	3.39%	2.81%	4.35%	3.28%	3.59%	3.49%
EPS ²	4.55	5.39	-2.06	-3.65	-1.309	1.403	1.384	1.619
Distribution rate	22%	26.9%	-44.9%	-19.2%	-53.5%	52.2%	57.9%	48%
Net sales ¹	468,108	656,266	541,458	541,583	447,246	489,243	488,907	496,922
EBITDA ¹	63,825	74,772	34,373	41,078	24,681	48,014	48,881	51,595
EBIT ¹	42,089	49,050	6,675	13,089	-854.8	25,164	23,430	25,370
Net income ¹	26,288	31,006	-10,798	-19,262	-7,348	7,805	7,904	9,258
Net Debt ¹	207,771	232,569	235,649	244,900	236,150	226,502	207,901	189,570
Reference price ²	43.25	40.75	27.25	24.90	16.10	22.30	22.30	22.30
Nbr of stocks (in thousands)	5,614,552	5,614,552	5,614,552	5,614,552	5,614,552	5,614,552	-	-
Announcement Date	27/2/22	25/2/23	23/2/24	26/2/25	2/3/26	-	-	-

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
INDORAMA VENTURES	16.11x	0.73x	7.41x	3.24%	3.78B
LINDE PLC	32.11x	7.1x	18.28x	1.25%	237B
AIR LIQUIDE	30.25x	4.66x	15.08x	1.97%	133B
THE SHERWIN-WILLIAMS COMPANY	31.03x	3.72x	19.25x	0.93%	82.64B
AIR PRODUCTS & CHEMICALS, INC.	90.5x	6.67x	15.53x	2.37%	67.88B
NAN YA PLASTICS CORPORATION	15.47x	5.57x	24.73x	4.78%	57.93B
SABIC	76.34x	1.32x	9.12x	5.83%	37.96B
WANHUA CHEMICAL GROUP CO., LTD.	11.19x	1.11x	6x	2.75%	34.05B
PPG INDUSTRIES, INC.	16.61x	1.91x	11.09x	2.38%	27.03B
ASIAN PAINTS LIMITED	46.81x	5.76x	31.68x	1.23%	25.81B
Average	36.64x	3.85x	15.82x	2.67%	71B
Weighted average by Cap.	37.10x	5.20x	17.13x	2.11%