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 85,369 - -
Change - 42.5% -26.32% -4.76% -1.67% 33.05% - -
Enterprise Value (EV) 1 119,408 157,615 134,919 149,654 164,148 183,596 172,490 161,714
Change - 32% -14.4% 10.92% 9.68% 11.85% -6.05% -6.25%
P/E 8.4x 13.6x 13.2x 10.6x 10.3x 13.2x 12.1x 11.7x
PBR 0.93x 0.95x 0.7x 0.68x 0.69x 0.85x 0.82x 0.8x
PEG - -0.3x -0.5x 0.6x 7.26x 3.64x 1.3x 3.27x
Capitalization / Revenue 1.75x 1.24x 1.57x 1.97x 2.37x 2.42x 2.52x 2.1x
EV / Revenue 3.2x 2.11x 3.09x 4.52x 6.06x 5.21x 5.09x 3.97x
EV / EBITDA 25.7x 27.7x 19.4x 22.6x 28.4x 19.5x 17.7x 16.2x
EV / EBIT 47.6x 59.3x 46.8x 58x 78.9x 46x 38.8x 36.2x
EV / FCF 22.7x 30.7x 17.5x 24.5x 15x 9.47x 9.1x 6.99x
FCF Yield 4.41% 3.25% 5.71% 4.08% 6.65% 10.6% 11% 14.3%
Dividend per Share 2 2.5 1.6 1.6 1.6 1.6 1.594 1.614 1.627
Rate of return 5.56% 3.74% 5.08% 5.33% 5.42% 4.06% 4.11% 4.14%
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% 53.8% 49.8% 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 98,228 87,122 76,345
Reference price 2 45.00 42.75 31.50 30.00 29.50 39.25 39.25 39.25
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.($)
13.24x5.21x19.52x4.06% 2.53B
27.75x6.34x17.46x-.--% 37.81B
13.52x6.41x13.4x3.3% 31.59B
13.05x2.63x9.79x3.19% 30.58B
22.13x10.93x15.75x2.05% 28.84B
23.34x7.75x12.74x1.8% 28.43B
74.64x18.6x21.72x-.--% 21.64B
16.8x4.95x9.8x3.3% 19.05B
Average 25.56x 7.85x 15.02x 2.21% 25.06B
Weighted average by Cap. 25.67x 7.82x 14.49x 1.92%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Ratch Group

Historical PBR trend

Valuation ratios - PBR - Ratch Group

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Ratch Group

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Ratch Group


Year-on-year evolution of the Yield

Valuation ratios - Yield - Ratch Group
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