Company Valuation: Origin Property

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,717 29,695 20,737 8,884 4,393 4,393 - -
Change - 7.13% -30.17% -57.16% -50.55% 0% - -
Enterprise Value (EV) 1 41,224 49,357 54,885 43,547 29,246 25,761 4,393 4,393
Change - 19.73% 11.2% -20.66% -32.84% -11.92% -82.95% 0%
P/E 8.68x 7.87x 7.63x 8.45x 6.1x 6.75x 7.02x 5.97x
PBR 1.86x 1.64x 1.09x 0.46x 0.22x 0.21x 0.21x 0.2x
PEG - 0.4x -0.3x -0.1x -0.2x -0.7x -1.86x 0.3x
Capitalization / Revenue 1.82x 2.23x 1.5x 0.83x 0.55x 0.62x 0.52x 0.44x
EV / Revenue 2.7x 3.7x 3.96x 4.09x 3.63x 3.65x 0.52x 0.44x
EV / EBITDA 10.1x 11.7x 15.1x 31.2x 50.4x 40.6x 4.15x 4.6x
EV / EBIT 10.6x 12.6x 17.7x 58.9x 260x 262x 8.16x 15.6x
EV / FCF 91.1x -6.93x -4.67x -73.1x -33.9x -23.1x -2.38x -4.76x
FCF Yield 1.1% -14.4% -21.4% -1.37% -2.95% -4.33% -42.1% -21%
Dividend per Share 2 0.54 0.72 0.46 - 0.02 0.0705 0.0945 0.101
Rate of return 4.78% 5.95% 5.44% - 1.12% 3.94% 5.28% 5.64%
EPS 2 1.302 1.538 1.108 0.4286 0.2933 0.265 0.255 0.3
Distribution rate 41.5% 46.8% 41.5% - 6.82% 26.6% 37.1% 33.7%
Net sales 1 15,260 13,341 13,866 10,644 8,052 7,059 8,370 9,929
EBITDA 1 4,080 4,227 3,627 1,398 580.7 634.7 1,058 954
EBIT 1 3,897 3,928 3,106 739.5 112.5 98.5 538.5 281
Net income 1 3,194 3,775 2,718 1,052 719.9 667.3 729.7 826.5
Net Debt 1 13,506 19,662 34,148 34,663 24,853 21,368 - -
Reference price 2 11.300 12.100 8.450 3.620 1.790 1.790 1.790 1.790
Nbr of stocks (in thousands) 2,452,862 2,454,122 2,454,122 2,454,122 2,454,122 2,454,122 - -
Announcement Date 28/2/22 28/2/23 29/2/24 28/2/25 5/3/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
63.94x - - - 68.62B
12.31x4.33x11.1x3.91% 38.98B
19.16x4.11x16.52x1.28% 29.75B
5.51x0.69x1.44x8.98% 26.81B
8.05x1.47x8.24x4.4% 26.82B
14.62x3.17x15.16x2.39% 27.15B
8.63x3.06x7.13x-.--% 20.44B
9.79x1.91x7.87x4.29% 19.69B
13.6x6.51x17.12x1.6% 19.62B
Average 17.29x 3.16x 10.57x 3.36% 30.88B
Weighted average by Cap. 24.59x 3.17x 10.67x 3.49%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Origin Property

Historical PBR trend

Valuation ratios - PBR - Origin Property

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Origin Property

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Origin Property


Year-on-year evolution of the Yield

Valuation ratios - Yield - Origin Property