Valuation Master Style Thailand S.E.

Stocks

End-of-day quote Thailand S.E. 19/08/2026			5-day change	1st Jan Change
9.550 ^THB	+4.37%		+6.70%	+28.19%

08-14	Master Style Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-15	Master Style Public Company Limited Appoints Ms. Prapawarin Longngam as Director, Effective 15 May 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2023	2024	2025	2026	2027	2028
Market Cap ¹	15,312	13,652	2,248	2,836	-	-
Change	-	-10.84%	-83.54%	26.17%	-	-
Enterprise Value (EV) ¹	13,866	13,760	2,426	2,985	3,145	2,836
Change	-	-0.76%	-82.37%	23.05%	5.39%	-9.84%
P/E	36.5x	26.2x	11.3x	13.5x	10.8x	10.3x
PBR	5.12x	3.89x	0.65x	0.81x	0.79x	-
PEG	-30.77x	1.1x	-0.2x	1.98x	0.4x	1.92x
Capitalization / Revenue	7.99x	6.39x	1.19x	1.49x	1.42x	1.33x
EV / Revenue	7.23x	6.44x	1.29x	1.56x	1.57x	1.33x
EV / EBITDA	23.6x	19.5x	6.21x	6.93x	6.54x	5.92x
EV / EBIT	26.4x	23.8x	10.4x	12x	9.82x	-
EV / FCF	-49.1x	257x	9.54x	5.88x	8.32x	-
FCF Yield	-2.04%	0.39%	10.5%	17%	12%	-
Dividend per Share ²	0.3588	0.16	0.4	0.405	0.5212	0.56
Rate of return	0.71%	0.35%	5.37%	4.24%	5.46%	5.86%
EPS ²	1.391	1.73	0.66	0.705	0.8828	0.93
Distribution rate	25.8%	9.25%	60.6%	57.4%	59%	60.2%
Net sales ¹	1,917	2,135	1,885	1,909	2,003	2,128
EBITDA ¹	586.4	704.6	390.7	431	480.9	479
EBIT ¹	524.8	577.4	233.8	249	320.5	-
Net income ¹	416.3	522.4	198	211.5	266.4	280
Net Debt ¹	-1,446	108	177.8	148.6	309.4	-
Reference price ²	50.750	45.250	7.450	9.550	9.550	9.550
Nbr of stocks (in thousands)	301,714	301,712	301,712	301,712	-	-
Announcement Date	22/2/24	26/2/25	26/2/26	-	-	-

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
IHH HEALTHCARE	32.02x	3.05x	13.63x	1.36%	18.08B
APOLLO HOSPITALS ENTERPRISE LIMITED	50.69x	4.36x	28.38x	0.28%	13.16B
ENCOMPASS HEALTH CORPORATION	19.11x	2.27x	10.59x	0.65%	12.01B
AIER EYE HOSPITAL GROUP CO., LTD.	21.63x	3.03x	10.82x	1.99%	11.61B
THE ENSIGN GROUP, INC.	25.85x	2.08x	16.78x	0.15%	10.55B
MANIPAL HEALTH ENTERPRISES LIMITED	89.73x	7.79x	30.17x	-	10.25B
BANGKOK DUSIT MEDICAL SERVICES	19.06x	2.72x	11x	4.19%	9.37B
PURE HEALTH HOLDING	12.99x	1.28x	8.09x	2.16%	7.65B
RAMSAY HEALTH CARE LIMITED	34.27x	0.95x	7.84x	1.89%	7.35B
Average	33.93x	3.06x	15.26x	1.58%	11.11B
Weighted average by Cap.	34.48x	3.19x	15.81x	1.45%