Company Valuation: Ratchthani Leasing

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,804 23,558 14,724 9,967 10,839 13,829 - -
Change - -5.02% -37.5% -32.31% 8.75% 27.59% - -
Enterprise Value (EV) 24,804 23,558 14,724 9,967 10,839 13,829 13,829 13,829
Change - -5.02% -37.5% -32.31% 8.75% 27.59% 0% 0%
P/E 14.6x 13.4x 11.3x 12.3x 9.67x 10.4x 9.55x 9x
PBR 2.14x 1.91x 1.16x 0.75x 0.77x 0.92x 0.89x 0.85x
PEG - 4.02x -0.4x -0.3x 0.3x 0.6x 1.06x 1.48x
Capitalization / Revenue 7.49x 6.7x 4.3x 3.3x 3.95x 4.97x 4.75x 4.56x
EV / Revenue 0x 0x 0x 0x 0x 4.97x 4.75x 4.56x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 6.34x 5.93x 5.75x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.1546 0.1546 0.1546 0.07 0.11 0.13 0.135 0.14
Rate of return 3.88% 4.09% 6.54% 4.38% 6.32% 5.86% 6.08% 6.31%
EPS 2 0.2727 0.2818 0.2091 0.13 0.18 0.2133 0.2325 0.2467
Distribution rate 56.7% 54.8% 73.9% 53.8% 61.1% 60.9% 58.1% 56.8%
Net sales 1 3,313 3,518 3,426 3,019 2,742 2,782 2,914 3,033
EBITDA - - - - - - - -
EBIT 1 2,729 3,670 2,689 2,151 2,086 2,180 2,331 2,406
Net income 1 1,709 1,753 1,287 800.2 1,148 1,368 1,449 1,533
Net Debt - - - - - - - -
Reference price 2 3.982 3.782 2.364 1.600 1.740 2.220 2.220 2.220
Nbr of stocks (in thousands) 6,229,331 6,229,331 6,229,331 6,229,329 6,229,329 6,229,329 - -
Announcement Date 2/17/22 2/16/23 2/16/24 2/18/25 2/23/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.44x5.03x17.01x-.--% 41.8B
26.21x5.21x25.82x0.07% 33.58B
18.85x12.59x24.45x1.06% 27.66B
8.62x2.01x3.78x1.58% 26.36B
30.51x4.41x13.28x-.--% 23.62B
24.15x19.09x45.08x0.15% 17.01B
10.55x - - 1.26% 11.93B
21.09x - - - 9.31B
Average 22.18x 8.06x 21.57x 0.59% 23.91B
Weighted average by Cap. 24.30x 7.15x 20.20x 0.5%

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