Company Valuation: Thaicom

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,386 15,784 14,469 13,920 9,481 9,207 - -
Change - 27.43% -8.33% -3.79% -31.89% -2.89% - -
Enterprise Value (EV) 1 13,323 12,092 12,925 13,429 9,879 9,934 13,193 9,207
Change - -9.24% 6.89% 3.9% -26.44% 0.56% 32.81% -30.21%
P/E 86.9x 360x 41.3x -635x 216x 76.4x 96.9x 35.7x
PBR 1.11x 1.5x 1.41x 1.39x 0.94x 0.92x 0.91x -
PEG - -5.2x 0x 6x -1x 0x -4.6x 0x
Capitalization / Revenue 3.75x 5.1x 5.51x 5.77x 3.83x 4.46x 3.19x 3.24x
EV / Revenue 4.03x 3.91x 4.92x 5.57x 3.99x 4.81x 4.57x 3.24x
EV / EBITDA 11.2x 10.9x 14.4x 23.2x 12.2x 14.8x 12.7x 7.88x
EV / EBIT 193x 24.9x 51.9x -637x 76x -37.5x 170x 25.8x
EV / FCF 11.6x 6.23x -27.8x -11x -6.86x -30.1x -4.05x 13.3x
FCF Yield 8.65% 16.1% -3.59% -9.06% -14.6% -3.32% -24.7% 7.52%
Dividend per Share 2 - 0.5 0.13 - - - 0.05 -
Rate of return - 3.47% 0.98% - - - 0.6% -
EPS 2 0.13 0.04 0.32 -0.02 0.04 0.11 0.0867 0.235
Distribution rate - 1,250% 40.6% - - - 57.7% -
Net sales 1 3,303 3,096 2,627 2,413 2,474 2,066 2,889 2,846
EBITDA 1 1,189 1,107 899 579.9 809.4 671.7 1,037 1,168
EBIT 1 69.19 486.3 249 -21.09 130 -265 77.5 357
Net income 1 143.6 42.21 353.6 -22.84 40 122 95.67 262
Net Debt 1 936.8 -3,692 -1,543 -491.6 397.3 727 3,986 -
Reference price 2 11.300 14.400 13.200 12.700 8.650 8.400 8.400 8.400
Nbr of stocks (in thousands) 1,096,102 1,096,102 1,096,102 1,096,102 1,096,102 1,096,102 - -
Announcement Date 4/2/22 10/2/23 8/2/24 7/2/25 10/2/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
77.73x4.89x15.04x-.--% 279M
577.43x37.01x73.8x - 1,824B
14.49x2.66x6.75x2.59% 172B
10.8x2.26x6.08x5.13% 146B
32.87x5.85x10.25x1.59% 138B
26.84x4.82x19.98x0.31% 128B
8.29x1.4x5.05x5.44% 86.61B
18.57x2.14x8.13x3.75% 71.29B
14.13x2.26x7.33x2.97% 66.12B
13.56x1.4x4.76x3.48% 35.85B
Average 79.47x 6.47x 15.72x 2.81% 266.69B
Weighted average by Cap. 400.64x 26.32x 53.34x 2.98%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Thaicom

Historical PBR trend

Valuation ratios - PBR - Thaicom

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Thaicom

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Thaicom


Year-on-year evolution of the Yield

Valuation ratios - Yield - Thaicom