Company Valuation: Master Style

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 15,312 13,652 2,248 2,655 - -
Change - -10.84% -83.54% 18.12% - -
Enterprise Value (EV) 1 13,866 13,760 2,426 2,882 2,964 2,655
Change - -0.76% -82.37% 18.8% 2.87% -10.44%
P/E 36.5x 26.2x 11.3x 12.1x 11.1x 9.46x
PBR 5.12x 3.89x 0.65x 0.74x 0.72x -
PEG -30.77x 1.1x -0.2x 1.2x 1.29x 0.5x
Capitalization / Revenue 7.99x 6.39x 1.19x 1.38x 1.31x 1.25x
EV / Revenue 7.23x 6.44x 1.29x 1.49x 1.46x 1.25x
EV / EBITDA 23.6x 19.5x 6.21x 6.88x 6.68x 5.54x
EV / EBIT 26.4x 23.8x 10.4x 11.5x 11.3x -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.3588 0.16 0.4 0.399 0.4617 0.56
Rate of return 0.71% 0.35% 5.37% 4.53% 5.25% 6.36%
EPS 2 1.391 1.73 0.66 0.7277 0.7903 0.93
Distribution rate 25.8% 9.25% 60.6% 54.8% 58.4% 60.2%
Net sales 1 1,917 2,135 1,885 1,930 2,025 2,128
EBITDA 1 586.4 704.6 390.7 418.8 443.8 479
EBIT 1 524.8 577.4 233.8 250.7 261.7 -
Net income 1 416.3 522.4 198 219.1 238.2 280
Net Debt 1 -1,446 108 177.8 226.6 309.4 -
Reference price 2 50.750 45.250 7.450 8.800 8.800 8.800
Nbr of stocks (in thousands) 301,714 301,712 301,712 301,712 - -
Announcement Date 22/2/24 26/2/25 26/2/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.09x1.49x6.88x4.53% 79.3M
32.17x3.06x13.69x1.35% 18.01B
67.15x5.29x35.81x0.26% 13.4B
21.62x3.08x10.99x1.95% 11.8B
18.49x2.14x10.02x0.68% 11.51B
26.09x2.04x16.51x0.14% 10.58B
18.63x2.71x11.16x4.29% 9.02B
51.95x6.87x28.68x0.12% 7.47B
33.11x0.9x7.45x1.95% 6.96B
12.39x1.09x7.13x2.1% 6.72B
Average 29.37x 2.87x 14.83x 1.74% 9.56B
Weighted average by Cap. 32.38x 3.12x 16.34x 1.34%

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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