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 11,180 - -
Change - 27.43% -8.33% -3.79% -31.89% 17.92% - -
Enterprise Value (EV) 1 13,323 12,092 12,925 13,429 9,879 11,876 15,040 11,180
Change - -9.24% 6.89% 3.9% -26.44% 20.22% 26.64% -25.66%
P/E 86.9x 360x 41.3x -635x 216x 52.3x 87.4x 43.4x
PBR 1.11x 1.5x 1.41x 1.39x 0.94x 1.12x 1.1x -
PEG - -5.2x 0x 6x -1x 0x -2.2x 0x
Capitalization / Revenue 3.75x 5.1x 5.51x 5.77x 3.83x 5.37x 3.83x 3.93x
EV / Revenue 4.03x 3.91x 4.92x 5.57x 3.99x 5.7x 5.15x 3.93x
EV / EBITDA 11.2x 10.9x 14.4x 23.2x 12.2x 15.5x 13.2x 6.84x
EV / EBIT 193x 24.9x 51.9x -637x 76x -52.8x 106x 19x
EV / FCF 11.6x 6.23x -27.8x -11x -6.86x -7.06x -5.59x 16.2x
FCF Yield 8.65% 16.1% -3.59% -9.06% -14.6% -14.2% -17.9% 6.19%
Dividend per Share 2 - 0.5 0.13 - - - 0.05 -
Rate of return - 3.47% 0.98% - - - 0.49% -
EPS 2 0.13 0.04 0.32 -0.02 0.04 0.195 0.1167 0.235
Distribution rate - 1,250% 40.6% - - - 42.9% -
Net sales 1 3,303 3,096 2,627 2,413 2,474 2,083 2,922 2,846
EBITDA 1 1,189 1,107 899 579.9 809.4 764 1,142 1,636
EBIT 1 69.19 486.3 249 -21.09 130 -225 142 589
Net income 1 143.6 42.21 353.6 -22.84 40 72.33 128.7 262
Net Debt 1 936.8 -3,692 -1,543 -491.6 397.3 696 3,860 -
Reference price 2 11.30 14.40 13.20 12.70 8.65 10.20 10.20 10.20
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.($)
54.87x5.96x16.26x-.--% 353M
8.74x1.44x5.24x5.03% 93.33B
2.4x2.42x16.35x-.--% 24.99B
-24.46x111.39x-48.53x-.--% 16.73B
-131.24x35.35x72.3x-.--% 10.54B
51.53x6.98x13.21x1.33% 4.95B
20.89x4.17x10.05x2.34% 3.65B
-5.56x3.02x5.76x-.--% 2.37B
-11.59x2.31x5.36x10.84% 2.24B
Average -3.82x 19.23x 10.67x 2.17% 17.68B
Weighted average by Cap. -3.80x 15.68x 6.17x 3.19%

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