Company Valuation: Eastern Power Group

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,271 5,315 3,935 2,480 1,567 1,119
Change - 24.45% -25.96% -36.97% -36.84% -28.57%
Enterprise Value (EV) 1 6,447 6,655 8,276 6,748 6,286 6,063
Change - 3.22% 24.36% -18.46% -6.84% -3.55%
P/E 3.72x 5.28x -14.5x -5.33x -1.9x -0.74x
PBR 1.08x 1.24x 1.03x 0.69x 0.5x 0.49x
PEG - -0.4x 0x -0.1x -0x -0x
Capitalization / Revenue 3.6x 7.36x 4.4x 3x 1.67x 1.29x
EV / Revenue 5.43x 9.22x 9.25x 8.15x 6.69x 6.99x
EV / EBITDA 19.2x -859x 93.5x 125x 32.2x 26x
EV / EBIT 76.1x -72.3x 796x -608x 202x 74.3x
EV / FCF -8.38x -1.49x -4.7x 7.79x -20.9x -99.1x
FCF Yield -11.9% -66.9% -21.3% 12.8% -4.78% -1.01%
Dividend per Share 2 0.25 0.25 - - - -
Rate of return 5.46% 4.39% - - - -
EPS 2 1.232 1.08 -0.2917 -0.499 -0.8846 -1.622
Distribution rate 20.3% 23.1% - - - -
Net sales 1 1,187 722.1 894.4 827.5 940.3 867.5
EBITDA 1 335.3 -7.744 88.54 54.04 194.9 232.8
EBIT 1 84.76 -92.06 10.4 -11.1 31.11 81.6
Net income 1 1,135 1,008 -272 -465.4 -824.9 -1,513
Net Debt 1 2,176 1,340 4,341 4,267 4,720 4,944
Reference price 2 4.580 5.700 4.220 2.660 1.680 1.200
Nbr of stocks (in thousands) 932,507 932,507 932,507 932,507 932,507 932,507
Announcement Date 01/03/21 28/02/22 28/02/23 29/02/24 27/02/25 27/02/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 29.58M
17.71x0.74x7.81x1.27% 8.19B
13.36x0.79x7.04x1.38% 8.02B
15.6x - - - 1.9B
9.87x - - - 1.1B
Average 14.13x 0.77x 7.42x 1.32% 3.85B
Weighted average by Cap. 15.24x 0.76x 7.43x 1.32%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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  4. Valuation Eastern Power Group