Valuation SPCG

Stocks

End-of-day quote Thailand S.E. 28/10/2026			5-day change	1st Jan Change
10.40 ^THB	-8.77%		-10.34%	+11.83%

09-08	SPCG Public Company Limited Approves Appointment of Snitha Asawachinda as Acting Senior Executive Vice President, Operations, Effective September 8, 2026	CI
09-01	Vorasit Pokachaiyapat, Kriengkrai Jaruthavee JRT Green Energy Company Limited, Premia Global Limited and Premia Global Thai Limited proposed to acquire an additional 36.77% stake in SPCG Public Company Limited for THB 3.5 billion.	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	19,577	19,427	15,309	13,092	8,921	9,819
Change	-	-0.77%	-21.2%	-14.48%	-31.85%	10.06%
Enterprise Value (EV) ¹	21,307	20,782	14,275	10,205	5,930	8,393
Change	-	-2.46%	-31.31%	-28.51%	-41.9%	41.54%
P/E	7.17x	7.75x	6.6x	7.12x	13.1x	26x
PBR	1.29x	1.16x	0.84x	0.68x	0.48x	0.61x
PEG	-	-0.5x	-0.89x	-0.3x	-0.2x	-0.6x
Capitalization / Revenue	3.98x	4.32x	3.51x	3.17x	4.35x	5.69x
EV / Revenue	4.33x	4.63x	3.28x	2.47x	2.89x	4.86x
EV / EBITDA	5.34x	5.54x	4.03x	3.49x	4.05x	7.87x
EV / EBIT	6.41x	6.72x	4.93x	4.48x	7.25x	20x
EV / FCF	8.06x	-400x	5.6x	4.52x	5.31x	7.41x
FCF Yield	12.4%	-0.25%	17.9%	22.1%	18.8%	13.5%
Dividend per Share ²	1.2	0.8	0.85	0.95	1.2	0.66
Rate of return	5.97%	4.35%	5.86%	7.66%	14.2%	7.1%
EPS ²	2.805	2.374	2.198	1.741	0.6464	0.3583
Distribution rate	42.8%	33.7%	38.7%	54.6%	186%	184%
Net sales ¹	4,920	4,493	4,358	4,126	2,049	1,726
EBITDA ¹	3,991	3,749	3,543	2,923	1,466	1,067
EBIT ¹	3,322	3,092	2,893	2,278	817.9	420.5
Net income ¹	2,732	2,479	2,320	1,838	682.5	378.3
Net Debt ¹	1,730	1,356	-1,034	-2,886	-2,992	-1,426
Reference price ²	20.10	18.40	14.50	12.40	8.45	9.30
Nbr of stocks (in thousands)	973,990	1,055,790	1,055,790	1,055,790	1,055,790	1,055,790
Announcement Date	1/3/21	25/2/22	27/2/23	23/2/24	24/2/25	24/2/26

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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
SPCG	-	-	-	-	356M
GE VERNOVA INC.	29.42x	4.89x	35.72x	0.22%	238B
NEXTERA ENERGY	20.19x	9.11x	16.11x	3.01%	173B
IBERDROLA, S.A.	20.78x	4.43x	12.19x	3.32%	163B
CHINA YANGTZE POWER CO., LTD.	20.29x	11.32x	14.82x	3.45%	109B
SOUTHERN COMPANY	21.07x	5.94x	13.04x	3.28%	107B
ENEL S.P.A.	12.77x	1.87x	6.63x	5.56%	103B
DUKE ENERGY CORPORATION	18.47x	5.63x	11.34x	3.49%	97.31B
CONSTELLATION ENERGY CORPORATION	20.88x	3.13x	12.95x	0.65%	91.76B
AMERICAN ELECTRIC POWER COMPANY, INC.	20.25x	5.23x	12.69x	2.94%	70.93B
Average	20.46x	5.73x	15.05x	2.88%	115.38B
Weighted average by Cap.	21.52x	5.84x	17.49x	2.62%