Company Valuation: Origin Property

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,717 29,695 20,737 8,884 4,393 4,417 - -
Change - 7.13% -30.17% -57.16% -50.55% 0.56% - -
Enterprise Value (EV) 1 41,224 49,357 54,885 43,547 29,246 25,785 4,417 4,417
Change - 19.73% 11.2% -20.66% -32.84% -11.83% -82.87% 0%
P/E 8.68x 7.87x 7.63x 8.45x 6.1x 7.2x 8x 6x
PBR 1.86x 1.64x 1.09x 0.46x 0.22x 0.21x 0.21x 0.2x
PEG - 0.4x -0.3x -0.1x -0.2x -0.5x -0.8x 0.2x
Capitalization / Revenue 1.82x 2.23x 1.5x 0.83x 0.55x 0.52x 0.48x 0.43x
EV / Revenue 2.7x 3.7x 3.96x 4.09x 3.63x 3.06x 0.48x 0.43x
EV / EBITDA 10.1x 11.7x 15.1x 31.2x 50.4x 25.6x 3.48x 3.92x
EV / EBIT 10.6x 12.6x 17.7x 58.9x 260x 258x 8.38x 15.7x
EV / FCF 91.1x -6.93x -4.67x -73.1x -33.9x -23.1x -2.39x -4.79x
FCF Yield 1.1% -14.4% -21.4% -1.37% -2.95% -4.33% -41.9% -20.9%
Dividend per Share 2 0.54 0.72 0.46 - 0.02 0.0905 0.0763 0.096
Rate of return 4.78% 5.95% 5.44% - 1.12% 5.03% 4.24% 5.33%
EPS 2 1.302 1.538 1.108 0.4286 0.2933 0.25 0.225 0.3
Distribution rate 41.5% 46.8% 41.5% - 6.82% 36.2% 33.9% 32%
Net sales 1 15,260 13,341 13,866 10,644 8,052 8,432 9,190 10,245
EBITDA 1 4,080 4,227 3,627 1,398 580.7 1,008 1,268 1,128
EBIT 1 3,897 3,928 3,106 739.5 112.5 100 527 281
Net income 1 3,194 3,775 2,718 1,052 719.9 807.4 735 776.5
Net Debt 1 13,506 19,662 34,148 34,663 24,853 21,368 - -
Reference price 2 11.300 12.100 8.450 3.620 1.790 1.800 1.800 1.800
Nbr of stocks (in thousands) 2,452,862 2,454,122 2,454,122 2,454,122 2,454,122 2,454,122 - -
Announcement Date 28/2/22 28/2/23 29/2/24 28/2/25 5/3/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
62.84x - - - 67.87B
10.07x3.84x8.81x-.--% 23.25B
7.84x16.12x19.12x6.43% 19.71B
4.07x0.07x0.12x7.84% 13.89B
8.31x16.8x - 6.36% 8.32B
7.42x0.78x6.58x2.71% 5.52B
-1.89x1.58x-240.28x-.--% 5.18B
4.77x13.58x19.68x6.01% 4.42B
9.38x0.57x7.32x4.03% 4.13B
Average 12.53x 6.67x -25.52x 4.17% 16.92B
Weighted average by Cap. 31.98x 7.38x -6.68x 4.11%

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