Company Valuation: Asia Plus Group Holdings

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,590 7,286 6,275 5,980 4,969 4,105
Change - 58.72% -13.87% -4.7% -16.9% -17.4%
Enterprise Value (EV) 1 3,120 10,635 9,355 6,034 4,162 4,312
Change - 240.84% -12.04% -35.49% -31.02% 3.59%
P/E 11x 7.45x 13.1x 14.7x 13.9x 21.6x
PBR 0.96x 1.46x 1.29x 1.22x 1.01x 0.86x
PEG - 0x -0.3x -1x -1.1x -0.5x
Capitalization / Revenue 2.22x 2.17x 2.62x 2.73x 2.26x 2.03x
EV / Revenue 1.51x 3.17x 3.9x 2.76x 1.89x 2.13x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.18 0.4 0.2 0.18 0.15 0.09
Rate of return 8.26% 11.6% 6.71% 6.34% 6.36% 4.46%
EPS 2 0.1975 0.4646 0.2276 0.1937 0.1693 0.0936
Distribution rate 91.2% 86.1% 87.9% 92.9% 88.6% 96.1%
Net sales 1 2,071 3,357 2,398 2,188 2,201 2,026
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 415.8 978.4 479.3 407.9 356.4 195.6
Net Debt 1 -1,470 3,349 3,080 54.31 -806.9 207.4
Reference price 2 2.180 3.460 2.980 2.840 2.360 2.020
Nbr of stocks (in thousands) 2,105,656 2,105,656 2,105,656 2,105,656 2,105,656 2,031,937
Announcement Date 25/02/21 25/02/22 23/02/23 23/02/24 28/02/25 26/02/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.27x6.34x - 2.34% 288B
12.52x9.93x - 2.13% 271B
10.76x - - 2.07% 203B
14.24x5.13x8.49x1.45% 152B
9.68x1.4x - 3.88% 53.22B
9.94x7.18x11.63x3.39% 45.66B
18.49x10.28x11.37x0.71% 41.84B
8.46x5.9x - 3.93% 39.2B
28.21x3.89x4.91x0.56% 34.84B
Average 14.06x 6.26x 9.10x 2.27% 125.48B
Weighted average by Cap. 13.21x 7.02x 9.00x 2.18%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Asia Plus Group Holdings

Historical PBR trend

Valuation ratios - PBR - Asia Plus Group Holdings

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Asia Plus Group Holdings

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Asia Plus Group Holdings

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  5. Valuation Asia Plus Group Holdings