Company Valuation: T.R.V. Rubber Products

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 835.8 814.8 748.8 494.4 379.2
Change - -2.51% -8.1% -33.97% -23.3%
Enterprise Value (EV) 1 750 652.9 644.7 246.6 149.9
Change - -12.95% -1.25% -61.75% -39.23%
P/E Ratio 26.4x 16.1x 65.8x 44.6x 206x
PBR 2.79x 2.59x 1.68x 1.08x 0.83x
PEG 2.5x 0.3x -0.8x -16.77x -2.5x
Capitalization / Revenue 4.71x 4.69x 4.48x 1x 1.65x
EV / Revenue 4.22x 3.76x 3.86x 0.5x 0.65x
EV / EBITDA 18.5x 21.4x 26.4x 9.37x 13.1x
EV / EBIT 24x 32.5x 47x 16.7x 252x
EV / FCF 47.8x 23.2x -3.56x 1.65x -9.46x
FCF Yield 2.09% 4.3% -28.1% 60.7% -10.6%
Dividend per Share 2 0.1 - - - -
Rate of return 2.51% - - - -
EPS 2 0.1507 0.2412 0.0474 0.0462 0.007677
Distribution rate 66.3% - - - -
Net sales 1 177.6 173.6 167 495.3 230.2
EBITDA 1 40.61 30.55 24.38 26.33 11.43
EBIT 1 31.31 20.1 13.72 14.76 0.5946
Net income 1 24.15 50.65 10.77 11.08 1.843
Net Debt 1 -85.76 -161.9 -104.1 -247.8 -229.3
Reference price 2 3.980 3.880 3.120 2.060 1.580
Nbr of stocks (in thousands) 210,000 210,000 240,000 240,000 240,000
Announcement Date 25/2/22 20/2/23 23/2/24 21/2/25 20/2/26
1THB in Million2THB
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 10.26M
26x2.61x12.82x2.16% 3.35B
Average 26.00x 2.61x 12.82x 2.16% 1.68B
Weighted average by Cap. 26.00x 2.61x 12.82x 2.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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