Valuation Thailand Future Fund

Stocks

End-of-day quote Thailand S.E. 06/11/2026			5-day change	1st Jan Change
7.050 ^THB	0.00%		0.00%	+12.80%

14/08	Thailand Future Fund Announces Dividend for the Operation Period from April 1, 2026 to June 30, 2026, Payable on September 11, 2026	CI
15/05	Thailand Future Fund Announces Dividend for the Operating Period from January 1, 2026 to March 31, 2026, Payable on June 16, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: September	2020	2021	2022	2023	2025	2026	2027
Market Cap ¹	34,732	34,046	32,447	31,076	32,218	32,218	-
Change	-	-1.97%	-4.7%	-4.23%	-	0%	-
Enterprise Value (EV) ¹	34,265	33,746	32,447	30,581	31,683	31,668	31,659
Change	-	-1.52%	-3.85%	-5.75%	-	-0.05%	-0.03%
P/E	27.4x	30.3x	17.5x	3.29x	16.6x	16.2x	16x
PBR	0.65x	0.64x	0.61x	0.51x	0.61x	0.49x	0.49x
PEG	-	-2.7x	0.3x	0x	-	5.65x	22.15x
Capitalization / Revenue	18.1x	22x	18.1x	15.7x	14.1x	14x	13.7x
EV / Revenue	17.9x	21.8x	18.1x	15.5x	13.8x	13.8x	13.4x
EV / EBITDA	18.8x	29.2x	19.3x	16.2x	14.6x	14.6x	14.3x
EV / EBIT	22.5x	29.2x	19.3x	16.2x	14.6x	14.6x	14.3x
EV / FCF	17.7x	20.8x	-	-	14.6x	19.3x	19.6x
FCF Yield	5.66%	4.81%	-	-	6.85%	5.18%	5.11%
Dividend per Share ²	0.398	0.156	0.092	0.4076	0.474	0.4749	0.4859
Rate of return	5.24%	2.09%	1.3%	5.99%	6.72%	6.74%	6.89%
EPS ²	0.2772	0.2462	0.4051	2.07	0.424	0.4361	0.4393
Distribution rate	144%	63.4%	22.7%	19.7%	112%	109%	111%
Net sales ¹	1,917	1,550	1,794	1,977	2,290	2,303	2,356
EBITDA ¹	1,820	1,156	1,679	1,888	2,172	2,170	2,221
EBIT ¹	1,525	1,156	1,679	1,888	2,171	2,170	2,221
Net income ¹	1,267	1,126	1,851	9,459	2,171	1,991	2,013
Net Debt ¹	-467.3	-301	-	-494.7	-535.2	-550.5	-559.1
Reference price ²	7.600	7.450	7.100	6.800	7.050	7.050	7.050
Nbr of stocks (in thousands)	4,570,000	4,570,000	4,570,000	4,570,000	4,570,000	4,570,000	-
Announcement Date	21/11/20	16/11/21	30/11/22	29/11/23	-	-	-

¹THB in Million²THB

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
THAILAND FUTURE FUND	-	-	-	-	963M
W. P. CAREY INC.	22.09x	12.77x	15.26x	5.75%	15.02B
LAND SECURITIES PLC	8.6x	14.65x	18.95x	6.1%	7.63B
THE GPT GROUP	13.32x	15.42x	16.44x	4.79%	6.8B
ESSENTIAL PROPERTIES REALTY TRUST, INC.	22.23x	13.81x	15.25x	4.49%	6.24B
THE BRITISH LAND COMPANY PLC	8.5x	14.12x	17.99x	5.61%	6.02B
LONDONMETRIC PROPERTY PLC	10.54x	14.95x	15.93x	6.83%	5.93B
GECINA	9.39x	16.27x	19.65x	8.54%	5.45B
MIRVAC GROUP	13.31x	11.89x	13.56x	5.18%	5.32B
EPR PROPERTIES	18.53x	10.2x	12.73x	6.19%	4.58B
Average	14.06x	13.79x	16.20x	5.94%	6.4B
Weighted average by Cap.	15.04x	13.76x	16.21x	5.88%