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 77,212 - -
Change - 42.5% -26.32% -4.76% -1.67% 20.34% - -
Enterprise Value (EV) 1 119,408 157,615 134,919 149,654 164,148 175,164 159,477 153,557
Change - 32% -14.4% 10.92% 9.68% 6.71% -8.96% -3.71%
P/E 8.4x 13.6x 13.2x 10.6x 10.3x 11.8x 11.3x 11.3x
PBR 0.93x 0.95x 0.7x 0.68x 0.69x 0.78x 0.74x 0.72x
PEG - -0.3x -0.5x 0.6x 7.26x 2.19x 2.66x 144.91x
Capitalization / Revenue 1.75x 1.24x 1.57x 1.97x 2.37x 2.3x 2.48x 1.75x
EV / Revenue 3.2x 2.11x 3.09x 4.52x 6.06x 5.22x 5.12x 3.47x
EV / EBITDA 25.7x 27.7x 19.4x 22.6x 28.4x 19.1x 15.7x 17.6x
EV / EBIT 47.6x 59.3x 46.8x 58x 78.9x 47.4x 34.2x 32.1x
EV / FCF 22.7x 30.7x 17.5x 24.5x 15x 8.04x 7.28x 6.64x
FCF Yield 4.41% 3.25% 5.71% 4.08% 6.65% 12.4% 13.7% 15.1%
Dividend per Share 2 2.5 1.6 1.6 1.6 1.6 1.606 1.626 1.627
Rate of return 5.56% 3.74% 5.08% 5.33% 5.42% 4.52% 4.58% 4.58%
EPS 2 5.36 3.15 2.38 2.82 2.86 3.014 3.142 3.144
Distribution rate 46.6% 50.8% 67.2% 56.7% 55.9% 53.3% 51.8% 51.7%
Net sales 1 37,327 74,725 43,675 33,133 27,082 33,545 31,157 44,233
EBITDA 1 4,653 5,697 6,948 6,609 5,789 9,185 10,190 8,710
EBIT 1 2,508 2,660 2,883 2,581 2,082 3,693 4,669 4,779
Net income 1 7,772 5,782 5,167 6,127 6,220 6,560 6,852 6,822
Net Debt 1 54,158 64,634 66,407 84,404 99,985 97,952 82,265 76,345
Reference price 2 45.00 42.75 31.50 30.00 29.50 35.50 35.50 35.50
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 2/23/22 2/28/23 2/27/24 2/25/25 2/27/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
30.96x7.61x19.72x-.--% 43.6B
16.28x2.88x10.98x2.56% 35.31B
16.66x5.63x11.69x0.02% 17.62B
14.59x4.65x8.36x3.74% 15.84B
7.18x2.83x7.61x5.68% 11.51B
33.78x4.62x10.89x3.74% 8.21B
9.66x1.42x8.5x5.61% 7.33B
5.03x0.59x3.6x4.5% 4.9B
Average 16.77x 3.78x 10.17x 3.23% 18.04B
Weighted average by Cap. 20.13x 4.78x 12.77x 2.14%

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