Company Valuation: Thai Union Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 90,769 78,672 66,827 55,317 49,345 45,876 - -
Change - -13.33% -15.06% -17.22% -10.8% -7.03% - -
Enterprise Value (EV) 1 152,087 126,000 118,365 115,495 116,015 104,653 102,596 99,698
Change - -17.15% -6.06% -2.42% 0.45% -9.79% -1.97% -2.82%
P/E 11.7x 11.5x -4.76x 12x 11x 10.7x 9.98x 9.08x
PBR 1.53x 0.98x 1.16x 1.14x 1.11x 1.07x 1.03x 0.98x
PEG - -1x 0x -0x 1.49x -2.48x 1.35x 0.91x
Capitalization / Revenue 0.64x 0.51x 0.49x 0.4x 0.37x 0.34x 0.32x 0.32x
EV / Revenue 1.08x 0.81x 0.87x 0.83x 0.87x 0.77x 0.72x 0.69x
EV / EBITDA 12.2x 10.2x 10.7x 9.97x 11.2x 8.66x 7.99x 7.28x
EV / EBIT 18.4x 15.7x 17.1x 16x 18.8x 14.4x 12.9x 11.8x
EV / FCF 71.8x 237x 18.7x 10.5x 143x 15.3x 23.8x 19.6x
FCF Yield 1.39% 0.42% 5.34% 9.5% 0.7% 6.54% 4.2% 5.11%
Dividend per Share 2 0.95 0.84 0.54 0.66 0.7 0.6885 0.7568 0.8414
Rate of return 4.87% 4.97% 3.6% 5.08% 5.47% 5.79% 6.36% 7.07%
EPS 2 1.66 1.47 -3.15 1.08 1.16 1.11 1.192 1.311
Distribution rate 57.2% 57.1% -17.1% 61.1% 60.3% 62% 63.5% 64.2%
Net sales 1 141,048 155,586 136,153 138,433 132,719 136,772 141,961 145,358
EBITDA 1 12,440 12,374 11,103 11,587 10,380 12,083 12,833 13,690
EBIT 1 8,256 8,050 6,912 7,222 6,170 7,283 7,945 8,461
Net income 1 8,013 7,138 -13,933 4,985 4,609 4,582 5,070 5,598
Net Debt 1 61,318 47,328 51,538 60,178 66,670 58,777 56,720 53,822
Reference price 2 19.50 16.90 15.00 13.00 12.80 11.90 11.90 11.90
Nbr of stocks (in thousands) 4,654,815 4,655,133 4,455,133 4,255,133 3,855,094 3,855,133 - -
Announcement Date 23/2/22 20/2/23 19/2/24 17/2/25 19/2/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.05x1.9x8.78x4.08% 10.95B
17.94x2.83x9.52x4.31% 7.1B
13.13x0.92x6.25x6.6% 2.53B
13.26x0.66x9.12x2.67% 2.33B
8.26x0.64x3.75x7.72% 1.77B
7.61x0.32x3.76x3.59% 1B
Average 12.54x 1.21x 6.86x 4.83% 4.28B
Weighted average by Cap. 14.74x 1.80x 8.22x 4.5%

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

  1. Stock Market
  2. Stocks
  3. TU Stock
  4. NVAP Stock
  5. Valuation Thai Union Group