Company Valuation: VGI

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 43,917 43,883 18,695 59,600 19,624 19,624 - -
Change - -0.08% -57.4% 218.8% -67.07% 0% - -
Enterprise Value (EV) 1 51,412 38,425 16,256 42,097 14,034 4,244 4,464 4,608
Change - -25.26% -57.7% 158.97% -66.66% -69.76% 5.18% 3.23%
P/E -364x -653x -5.35x 99.3x -18.6x 47.7x 62x 62x
PBR 1.51x 1.56x 0.8x 1.71x 0.56x 0.54x 0.54x 0.54x
PEG - 11.4x -0x -1x 0x -0x -2.7x -
Capitalization / Revenue 10.7x 8.98x 3.88x 11.4x 4.22x 4.1x 3.81x 3.66x
EV / Revenue 12.5x 7.86x 3.38x 8.07x 3.02x 0.89x 0.87x 0.86x
EV / EBITDA 95.4x 52.6x -27.6x 40.6x -207x -106x -46.5x -42.7x
EV / EBIT -187x -57.3x -15.2x 85.6x -22.3x 41.6x 24.5x 22.4x
EV / FCF -129x -70.8x -12.2x 252x -30.2x -3.51x -28.1x -67.8x
FCF Yield -0.77% -1.41% -8.21% 0.4% -3.32% -28.5% -3.56% -1.48%
Dividend per Share 2 0.04 0.08 - 0.013 - 0.01 0.01 0.01
Rate of return 0.78% 2.04% - 0.44% - 1.08% 1.08% 1.08%
EPS 2 -0.014 -0.006 -0.312 0.03 -0.05 0.0195 0.015 0.015
Distribution rate -286% -1,333% - 43.3% - 51.3% 66.7% 66.7%
Net sales 1 4,098 4,889 4,813 5,219 4,646 4,789 5,151 5,361
EBITDA 1 538.8 730.8 -588.9 1,037 -67.76 -40 -96 -108
EBIT 1 -275.3 -670.9 -1,068 491.5 -630.4 102 182 206
Net income 1 -120.3 -64.88 -3,489 501.2 -1,064 415 346.5 353
Net Debt 1 7,495 -5,457 -2,439 -17,503 -5,590 -15,380 -15,160 -15,016
Reference price 2 5.1000 3.9200 1.6700 2.9800 0.9300 0.9300 0.9300 0.9300
Nbr of stocks (in thousands) 8,611,166 11,194,518 11,194,520 20,000,000 21,101,285 21,101,285 - -
Announcement Date 25/5/22 25/5/23 27/5/24 30/5/25 25/5/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
47.18x0.84x-100.83x1.09% 578M
13.67x1.48x6.76x4.15% 26.8B
8.89x0.98x5.55x4.5% 20.2B
11.98x5.2x9.02x7.18% 10.18B
131.89x0.54x89.06x - 6.62B
16.37x1.34x4.66x2.83% 5.95B
11.09x0.77x4.86x-.--% 5.89B
16.65x0.72x4.35x4% 5.39B
-52.88x1.76x7.39x0% 5.02B
Average 22.76x 1.51x 3.42x 2.97% 9.63B
Weighted average by Cap. 17.96x 1.64x 11.93x 3.92%

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