Valuation Forth Corporation

Stocks

End-of-day quote Thailand S.E. Other stock markets 27/07/2026			5-day change	1st Jan Change
16.70 ^THB	-1.76%		+5.70%	+190.43%

07-23	Yuanta Securities Starts Forth Corporation at Buy with THB21.30 Price Target	MT
05-18	Forth Corporation posts total revenue for Q1 2,602 million baht	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Market Cap ¹	19,830	30,166	21,514	9,915	5,378	15,621	-
Change	-	52.12%	-28.68%	-53.91%	-45.75%	190.43%	-
Enterprise Value (EV) ¹	22,409	30,166	21,514	9,915	5,378	19,179	19,095
Change	-	34.61%	-28.68%	-53.91%	-45.75%	256.59%	-0.44%
P/E	27.5x	38.9x	37.7x	44.2x	6.53x	16.5x	14.2x
PBR	12x	-	-	-	-	4.39x	3.63x
PEG	-	4.99x	-1.4x	-0.7x	0x	1.1x	0.8x
Capitalization / Revenue	2.33x	3.2x	2.27x	1.13x	0.47x	1.29x	1.22x
EV / Revenue	2.63x	3.2x	2.27x	1.13x	0.47x	1.58x	1.5x
EV / EBITDA	16.8x	19.4x	14.4x	8.54x	2.63x	7.46x	6.77x
EV / EBIT	27.2x	29.6x	25.6x	23.5x	3.97x	10.7x	9.51x
EV / FCF	-	-41.3x	36.3x	-70.7x	5.31x	44.3x	51.7x
FCF Yield	-	-2.42%	2.75%	-1.42%	18.8%	2.26%	1.93%
Dividend per Share ²	0.45	0.52	0.47	-	0.21	0.3	0.35
Rate of return	2.12%	1.61%	2.04%	-	3.65%	1.8%	2.1%
EPS ²	0.77	0.83	0.61	0.24	0.88	1.01	1.18
Distribution rate	58.4%	62.7%	77%	-	23.9%	29.7%	29.7%
Net sales ¹	8,513	9,431	9,492	8,767	11,350	12,134	12,761
EBITDA ¹	1,337	1,553	1,493	1,162	2,044	2,572	2,822
EBIT ¹	825.1	1,019	840.8	422.6	1,354	1,792	2,007
Net income ¹	722.8	774.9	572.6	221.3	823.7	949	1,107
Net Debt ¹	2,579	-	-	-	-	3,558	3,474
Reference price ²	21.20	32.25	23.00	10.60	5.75	16.70	16.70
Nbr of stocks (in thousands)	935,375	935,375	935,375	935,375	935,375	935,375	-
Announcement Date	28/02/22	27/02/23	28/02/24	02/03/25	02/03/26	-	-

¹THB in Million²THB

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
FORTH CORPORATION	16.53x	1.58x	7.46x	1.8%	465M
KEYENCE CORPORATION	34.94x	11.98x	22.35x	0.81%	110B
SHENGYI TECHNOLOGY CO.,LTD.	49.25x	7.38x	34.65x	1.6%	45.19B
FLEX LTD.	28.71x	1.34x	15.37x	-.--%	42.53B
TDK CORPORATION	24.81x	2.01x	9.68x	1.34%	34.93B
KYOCERA CORPORATION	35.52x	2.29x	16.42x	1.46%	30.33B
TELEDYNE TECHNOLOGIES INCORPORATED	31.2x	4.77x	18.99x	-.--%	30.21B
HEXAGON AB	9.52x	5.48x	11.26x	2.03%	23.29B
HALMA PLC	31.22x	4.78x	19.08x	0.74%	17.95B
LINGYI ITECH (GUANGDONG) COMPANY	29.25x	1.58x	13.84x	0.43%	14.02B
Average	29.09x	4.32x	16.91x	1.02%	34.88B
Weighted average by Cap.	32.60x	6.39x	19.75x	0.92%