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 82,106 - -
Change - 42.5% -26.32% -4.76% -1.67% 27.97% - -
Enterprise Value (EV) 1 119,408 157,615 134,919 149,654 164,148 180,058 164,371 158,451
Change - 32% -14.4% 10.92% 9.68% 9.69% -8.71% -3.6%
P/E 8.4x 13.6x 13.2x 10.6x 10.3x 12.7x 11.7x 11.2x
PBR 0.93x 0.95x 0.7x 0.68x 0.69x 0.83x 0.79x 0.77x
PEG - -0.3x -0.5x 0.6x 7.26x 3.5x 1.26x 3.13x
Capitalization / Revenue 1.75x 1.24x 1.57x 1.97x 2.37x 2.33x 2.42x 2.02x
EV / Revenue 3.2x 2.11x 3.09x 4.52x 6.06x 5.11x 4.85x 3.89x
EV / EBITDA 25.7x 27.7x 19.4x 22.6x 28.4x 19.1x 16.8x 15.9x
EV / EBIT 47.6x 59.3x 46.8x 58x 78.9x 45.1x 37x 35.5x
EV / FCF 22.7x 30.7x 17.5x 24.5x 15x 8.27x 7.51x 6.85x
FCF Yield 4.41% 3.25% 5.71% 4.08% 6.65% 12.1% 13.3% 14.6%
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% 4.25% 4.31% 4.31%
EPS 2 5.36 3.15 2.38 2.82 2.86 2.964 3.24 3.356
Distribution rate 46.6% 50.8% 67.2% 56.7% 55.9% 54.2% 50.2% 48.5%
Net sales 1 37,327 74,725 43,675 33,133 27,082 35,253 33,914 40,691
EBITDA 1 4,653 5,697 6,948 6,609 5,789 9,406 9,762 9,958
EBIT 1 2,508 2,660 2,883 2,581 2,082 3,988 4,446 4,462
Net income 1 7,772 5,782 5,167 6,127 6,220 6,466 7,057 7,296
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 37.75 37.75 37.75
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.($)
12.91x5.14x19.26x4.2% 2.53B
32.93x7.52x20.37x-.--% 43.55B
14.42x2.84x10.59x2.86% 34.09B
15.2x4.94x9.8x3.7% 17.14B
16.42x5.27x11.03x-.--% 15.32B
7.97x2.87x7.76x5.14% 12.65B
4.52x0.65x3.18x2.84% 8.55B
11.61x1.53x8.6x4.29% 8.12B
52.73x4.16x9.88x4.38% 7.23B
Average 18.74x 3.88x 11.16x 3.05% 16.57B
Weighted average by Cap. 20.68x 4.60x 12.74x 2.19%

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

  1. Stock Market
  2. Stocks
  3. RATCH Stock
  4. Valuation Ratch Group
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