Valuation Forth Corporation

Stocks

End-of-day quote Thailand S.E. Other stock markets 2026-07-30			5-day change	1st Jan Change
16.10 ^THB	-3.59%		-3.01%	+180.00%

Jul. 23	Yuanta Securities Starts Forth Corporation at Buy with THB21.30 Price Target	MT
May. 17	Forth Corporation posts total revenue for Q1 2,602 million baht	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Market Cap ¹	19,830	30,166	21,514	9,915	5,378	16,837	-
Change	-	52.12%	-28.68%	-53.91%	-45.75%	213.04%	-
Enterprise Value (EV) ¹	22,409	30,166	21,514	9,915	5,378	20,395	20,311
Change	-	34.61%	-28.68%	-53.91%	-45.75%	279.2%	-0.41%
P/E	27.5x	38.9x	37.7x	44.2x	6.53x	15.9x	13.6x
PBR	12x	-	-	-	-	4.24x	3.5x
PEG	-	4.99x	-1.4x	-0.7x	0x	1.1x	0.8x
Capitalization / Revenue	2.33x	3.2x	2.27x	1.13x	0.47x	1.39x	1.32x
EV / Revenue	2.63x	3.2x	2.27x	1.13x	0.47x	1.68x	1.59x
EV / EBITDA	16.8x	19.4x	14.4x	8.54x	2.63x	7.93x	7.2x
EV / EBIT	27.2x	29.6x	25.6x	23.5x	3.97x	11.4x	10.1x
EV / FCF	-	-41.3x	36.3x	-70.7x	5.31x	47.1x	55x
FCF Yield	-	-2.42%	2.75%	-1.42%	18.8%	2.12%	1.82%
Dividend per Share ²	0.45	0.52	0.47	-	0.21	0.3	0.35
Rate of return	2.12%	1.61%	2.04%	-	3.65%	1.86%	2.17%
EPS ²	0.77	0.83	0.61	0.24	0.88	1.01	1.18
Distribution rate	58.4%	62.7%	77%	-	23.9%	29.7%	29.7%
Net sales ¹	8,513	9,431	9,492	8,767	11,350	12,134	12,761
EBITDA ¹	1,337	1,553	1,493	1,162	2,044	2,572	2,822
EBIT ¹	825.1	1,019	840.8	422.6	1,354	1,792	2,007
Net income ¹	722.8	774.9	572.6	221.3	823.7	949	1,107
Net Debt ¹	2,579	-	-	-	-	3,558	3,474
Reference price ²	21.20	32.25	23.00	10.60	5.75	16.10	16.10
Nbr of stocks (in thousands)	935,375	935,375	935,375	935,375	935,375	935,375	-
Announcement Date	2/28/22	2/27/23	2/28/24	3/2/25	3/2/26	-	-

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
FORTH CORPORATION	15.94x	1.53x	7.24x	1.86%	451M
KEYENCE CORPORATION	35.26x	12.32x	22.64x	0.79%	120B
SHENGYI TECHNOLOGY CO.,LTD.	39.13x	5.88x	27.58x	2.02%	35.95B
FLEX LTD.	27.2x	1.25x	14.33x	-.--%	41B
TDK CORPORATION	23.16x	1.87x	9x	1.43%	33.47B
TELEDYNE TECHNOLOGIES INCORPORATED	31.06x	4.74x	18.93x	-.--%	30.09B
KYOCERA CORPORATION	32.02x	2.15x	14.37x	1.58%	29.11B
HEXAGON AB	10.75x	6.03x	16.73x	1.39%	26.83B
HALMA PLC	31.24x	4.78x	19.13x	0.74%	18.15B
LINGYI ITECH (GUANGDONG) COMPANY	28.8x	1.55x	13.59x	0.44%	13.77B
Average	27.45x	4.21x	16.35x	1.02%	34.89B
Weighted average by Cap.	30.54x	6.54x	18.84x	0.91%