Company Valuation: Forth Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 19,830 30,166 21,514 9,915 5,378 12,908 -
Change - 52.12% -28.68% -53.91% -45.75% 140% -
Enterprise Value (EV) 1 22,409 30,166 21,514 9,915 5,378 16,466 16,382
Change - 34.61% -28.68% -53.91% -45.75% 206.15% -0.51%
P/E 27.5x 38.9x 37.7x 44.2x 6.53x 13.7x 11.7x
PBR 12x - - - - 3.63x 3x
PEG - 4.99x -1.4x -0.7x 0x 0.9x 0.7x
Capitalization / Revenue 2.33x 3.2x 2.27x 1.13x 0.47x 1.06x 1.01x
EV / Revenue 2.63x 3.2x 2.27x 1.13x 0.47x 1.36x 1.28x
EV / EBITDA 16.8x 19.4x 14.4x 8.54x 2.63x 6.4x 5.81x
EV / EBIT 27.2x 29.6x 25.6x 23.5x 3.97x 9.19x 8.16x
EV / FCF - -41.3x 36.3x -70.7x 5.31x 38x 44.4x
FCF Yield - -2.42% 2.75% -1.42% 18.8% 2.63% 2.25%
Dividend per Share 2 0.45 0.52 0.47 - 0.21 0.3 0.35
Rate of return 2.12% 1.61% 2.04% - 3.65% 2.17% 2.54%
EPS 2 0.77 0.83 0.61 0.24 0.88 1.01 1.18
Distribution rate 58.4% 62.7% 77% - 23.9% 29.7% 29.7%
Net sales 1 8,513 9,431 9,492 8,767 11,350 12,134 12,761
EBITDA 1 1,337 1,553 1,493 1,162 2,044 2,572 2,822
EBIT 1 825.1 1,019 840.8 422.6 1,354 1,792 2,007
Net income 1 722.8 774.9 572.6 221.3 823.7 949 1,107
Net Debt 1 2,579 - - - - 3,558 3,474
Reference price 2 21.20 32.25 23.00 10.60 5.75 13.80 13.80
Nbr of stocks (in thousands) 935,375 935,375 935,375 935,375 935,375 935,375 -
Announcement Date 28/2/22 27/2/23 28/2/24 2/3/25 2/3/26 - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.66x1.36x6.4x2.17% 386M
30.98x5.8x17.65x0.64% 196B
34.56x12.31x22.45x0.79% 124B
49.11x6.18x21.15x0.86% 114B
13.1x0.3x6.58x3.84% 105B
34.02x5.55x18.18x1.02% 79.55B
56.2x6.08x27.82x0.24% 65.65B
19.98x7.12x14.45x0.63% 63.95B
19.55x3.29x12.61x1.37% 61.56B
16.09x0.96x10.77x0.79% 53.9B
Average 28.72x 4.89x 15.81x 1.24% 86.39B
Weighted average by Cap. 31.33x 5.73x 17.24x 1.15%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Forth Corporation

Historical PBR trend

Valuation ratios - PBR - Forth Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Forth Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Forth Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Forth Corporation
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