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 79,931 - -
Change - 42.5% -26.32% -4.76% -1.67% 24.58% - -
Enterprise Value (EV) 1 119,408 157,615 134,919 149,654 164,148 177,883 162,196 156,276
Change - 32% -14.4% 10.92% 9.68% 8.37% -8.82% -3.65%
P/E 8.4x 13.6x 13.2x 10.6x 10.3x 12.5x 11.4x 11x
PBR 0.93x 0.95x 0.7x 0.68x 0.69x 0.82x 0.77x 0.75x
PEG - -0.3x -0.5x 0.6x 7.26x 3.27x 1.25x 3.06x
Capitalization / Revenue 1.75x 1.24x 1.57x 1.97x 2.37x 2.27x 2.36x 1.96x
EV / Revenue 3.2x 2.11x 3.09x 4.52x 6.06x 5.05x 4.78x 3.84x
EV / EBITDA 25.7x 27.7x 19.4x 22.6x 28.4x 18.9x 16.6x 15.7x
EV / EBIT 47.6x 59.3x 46.8x 58x 78.9x 44.6x 36.5x 35x
EV / FCF 22.7x 30.7x 17.5x 24.5x 15x 8.17x 7.41x 6.75x
FCF Yield 4.41% 3.25% 5.71% 4.08% 6.65% 12.2% 13.5% 14.8%
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% 4.34% 4.4% 4.4%
EPS 2 5.36 3.15 2.38 2.82 2.86 2.969 3.241 3.357
Distribution rate 46.6% 50.8% 67.2% 56.7% 55.9% 54.1% 50.2% 48.5%
Net sales 1 37,327 74,725 43,675 33,133 27,082 35,253 33,914 40,691
EBITDA 1 4,653 5,697 6,948 6,609 5,789 9,406 9,762 9,958
EBIT 1 2,508 2,660 2,883 2,581 2,082 3,988 4,446 4,462
Net income 1 7,772 5,782 5,167 6,127 6,220 6,466 7,057 7,296
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 37.00 37.00 37.00
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.23x7.24x19.4x-.--% 41.42B
14.94x2.88x10.71x2.82% 34.46B
14.83x4.75x8.59x3.71% 16.38B
16.62x5.14x10.91x-.--% 15.07B
7.51x2.87x7.72x5.42% 12.04B
4.31x0.64x3.11x2.98% 7.87B
54.46x4.24x10.07x4.24% 7.49B
9.91x1.46x8.11x4.74% 7.42B
Average 19.35x 3.65x 9.83x 2.99% 17.77B
Weighted average by Cap. 20.75x 4.48x 12.18x 2.21%

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