Company Valuation: ATP 30

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 1,474 955.2 702.8 648.2 586.8 525.4 -
Change - -35.19% -26.43% -7.77% -9.47% -10.47% -
Enterprise Value (EV) 1,474 955.2 702.8 648.2 586.8 525.4 525.4
Change - -35.19% -26.43% -7.77% -9.47% -10.47% 0%
P/E 44.1x 32.6x 24.5x 14.2x 9.56x 10.7x -
PBR 2.96x - 1.36x - 1x 0.86x 0.77x
PEG - -2.7x -10.54x 0.2x 0.3x -0.5x -
Capitalization / Revenue 2.97x - 1.05x 0.89x 0.73x 0.62x 0.59x
EV / Revenue 0x - 0x 0x 0x 0.62x 0.59x
EV / EBITDA 0x - 0x - 0x 2.87x -
EV / EBIT 0x - 0x - 0x 6.33x 5.31x
EV / FCF 0x - 0x - 0x 2.3x 2.41x
FCF Yield 6.66% - 18.8% - 33.5% 43.4% 41.5%
Dividend per Share 2 0.03 - 0.02 - 0.04 0.03 0.04
Rate of return 1.39% - 1.94% - 4.65% 3.9% 5.19%
EPS 2 0.049 0.043 0.042 0.067 0.09 0.072 -
Distribution rate 61.2% - 47.6% - 44.4% 41.7% -
Net sales 1 495.6 - 671.5 730.6 804.2 848 891
EBITDA 1 90.54 - 151.1 - 192.3 183 -
EBIT 1 53.78 - 55.79 - 93.22 83 99
Net income 1 33.12 29.17 28.98 45.53 58.5 49 63
Net Debt - - - - - - -
Reference price 2 2.1600 1.4000 1.0300 0.9500 0.8600 0.7700 0.7700
Nbr of stocks (in thousands) 682,310 682,310 682,310 682,310 682,310 682,310 -
Announcement Date 22/02/22 21/02/23 23/02/24 18/02/25 20/02/26 - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.69x - - 3.9% 15.65M
9.96x4.81x14.55x4.14% 25.13B
13.72x2.63x9.74x2.65% 23.59B
7.07x3.81x7.97x0.89% 21.81B
-51.77x0.42x37.72x-.--% 16.45B
10.3x1.61x5.1x5.37% 8.75B
12.5x1.54x7.9x3.39% 8.28B
12.62x1.94x12.56x2.32% 6.51B
9.85x1.94x10.86x2.04% 5.67B
16.4x4.14x11.56x3.07% 5.3B
Average 5.13x 2.54x 13.11x 2.78% 12.15B
Weighted average by Cap. 2.43x 2.84x 14.03x 2.5%

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