Company Valuation: Ratch Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 65,250 92,981 68,512 65,250 64,162 83,194 - -
Change - 42.5% -26.32% -4.76% -1.67% 29.66% - -
Enterprise Value (EV) 1 119,408 157,615 134,919 149,654 164,148 181,146 165,459 159,539
Change - 32% -14.4% 10.92% 9.68% 10.36% -8.66% -3.58%
P/E 8.4x 13.6x 13.2x 10.6x 10.3x 12.4x 11.7x 11.4x
PBR 0.93x 0.95x 0.7x 0.68x 0.69x 0.84x 0.8x 0.77x
PEG - -0.3x -0.5x 0.6x 7.26x 1.61x 1.95x 3.87x
Capitalization / Revenue 1.75x 1.24x 1.57x 1.97x 2.37x 2.36x 2.45x 2.04x
EV / Revenue 3.2x 2.11x 3.09x 4.52x 6.06x 5.14x 4.88x 3.92x
EV / EBITDA 25.7x 27.7x 19.4x 22.6x 28.4x 19.2x 15.7x 16x
EV / EBIT 47.6x 59.3x 46.8x 58x 78.9x 44.8x 37.1x 35.8x
EV / FCF 22.7x 30.7x 17.5x 24.5x 15x 8.32x 7.55x 6.89x
FCF Yield 4.41% 3.25% 5.71% 4.08% 6.65% 12% 13.2% 14.5%
Dividend per Share 2 2.5 1.6 1.6 1.6 1.6 1.606 1.626 1.627
Rate of return 5.56% 3.74% 5.08% 5.33% 5.42% 4.2% 4.25% 4.25%
EPS 2 5.36 3.15 2.38 2.82 2.86 3.08 3.265 3.361
Distribution rate 46.6% 50.8% 67.2% 56.7% 55.9% 52.1% 49.8% 48.4%
Net sales 1 37,327 74,725 43,675 33,133 27,082 35,233 33,895 40,691
EBITDA 1 4,653 5,697 6,948 6,609 5,789 9,451 10,535 9,958
EBIT 1 2,508 2,660 2,883 2,581 2,082 4,047 4,455 4,462
Net income 1 7,772 5,782 5,167 6,127 6,220 6,710 7,117 7,304
Net Debt 1 54,158 64,634 66,407 84,404 99,985 97,952 82,265 76,345
Reference price 2 45.00 42.75 31.50 30.00 29.50 38.25 38.25 38.25
Nbr of stocks (in thousands) 1,450,000 2,175,000 2,175,000 2,175,000 2,175,000 2,175,000 - -
Announcement Date 23/2/22 28/2/23 27/2/24 25/2/25 27/2/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.51x7.49x20.08x-.--% 43.23B
16.38x2.9x11.03x2.55% 35.7B
16.4x4.97x8.97x3.35% 18.03B
14.82x5.43x11.46x0.01% 16.5B
7.99x2.93x7.87x5.1% 12.8B
10.8x1.61x7.84x4.35% 8.03B
54.62x4.23x10.04x4.23% 7.37B
5.38x0.6x3.63x4.18% 5.56B
Average 19.99x 3.77x 10.12x 2.97% 18.4B
Weighted average by Cap. 21.70x 4.70x 12.70x 2.08%

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