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 65,250 - -
Change - 42.5% -26.32% -4.76% -1.67% 1.69% - -
Enterprise Value (EV) 1 119,408 157,615 134,919 149,654 164,148 162,545 141,303 139,707
Change - 32% -14.4% 10.92% 9.68% -0.98% -13.07% -1.13%
P/E Ratio 8.4x 13.6x 13.2x 10.6x 10.3x 9.84x 9.38x 9.33x
PBR 0.93x 0.95x 0.7x 0.68x 0.69x 0.66x 0.62x 0.61x
PEG - -0.3x -0.5x 0.6x 7.26x 1.48x 1.94x 16.38x
Capitalization / Revenue 1.75x 1.24x 1.57x 1.97x 2.37x 1.88x 1.99x 1.98x
EV / Revenue 3.2x 2.11x 3.09x 4.52x 6.06x 4.69x 4.3x 4.23x
EV / EBITDA 25.7x 27.7x 19.4x 22.6x 28.4x 16.7x 13.1x 15.7x
EV / EBIT 47.6x 59.3x 46.8x 58x 78.9x 39.6x 26x 27.4x
EV / FCF 22.7x 30.7x 17.5x 24.5x 15x 7.47x 6.45x 6.04x
FCF Yield 4.41% 3.25% 5.71% 4.08% 6.65% 13.4% 15.5% 16.6%
Dividend per Share 2 2.5 1.6 1.6 1.6 1.6 1.6 1.623 1.627
Rate of return 5.56% 3.74% 5.08% 5.33% 5.42% 5.33% 5.41% 5.42%
EPS 2 5.36 3.15 2.38 2.82 2.86 3.05 3.198 3.216
Distribution rate 46.6% 50.8% 67.2% 56.7% 55.9% 52.5% 50.8% 50.6%
Net sales 1 37,327 74,725 43,675 33,133 27,082 34,680 32,838 33,027
EBITDA 1 4,653 5,697 6,948 6,609 5,789 9,722 10,780 8,918
EBIT 1 2,508 2,660 2,883 2,581 2,082 4,106 5,445 5,091
Net income 1 7,772 5,782 5,167 6,127 6,220 6,639 6,974 6,976
Net Debt 1 54,158 64,634 66,407 84,404 99,985 97,295 76,054 74,457
Reference price 2 45.00 42.75 31.50 30.00 29.50 30.00 30.00 30.00
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.75x4.67x16.66x5.38% 1.96B
31.19x7.52x19.17x-.--% 43.4B
16.43x2.9x11.05x2.54% 35.63B
14.86x4.68x8.44x3.65% 16.27B
16.18x5.34x11.02x0.02% 15.65B
7.85x2.95x7.88x5.2% 12.78B
10.98x1.48x8.85x4.93% 8.39B
32.69x4.61x10.67x3.87% 8.05B
18.33x - - 2.42% 5.17B
Average 17.59x 4.27x 11.72x 3.11% 16.37B
Weighted average by Cap. 20.39x 4.83x 12.87x 2.12%

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

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