Company Valuation: Forth Smart Service

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2024 2025 2026 2027
Market Cap 1 9,716 6,063 4,895 5,573 -
Change - - -19.25% 13.85% -
Enterprise Value (EV) 9,716 6,063 5,335 5,573 5,573
Change - - -12.01% 4.47% 0%
P/E 32.3x 14.1x 8.33x 8.41x 8.04x
PBR - - 2.81x - -
PEG - - 0.2x 0.7x 1.77x
Capitalization / Revenue - - 1.95x 2.15x 2.05x
EV / Revenue - - 0x 2.15x 2.05x
EV / EBITDA - - 0x 5.48x 5.17x
EV / EBIT - - - - -
EV / FCF - - - - -
FCF Yield - - - - -
Dividend per Share 2 - - 0.38 0.39 0.41
Rate of return - - 5.85% 5.27% 5.54%
EPS 2 0.4 0.57 0.78 0.88 0.92
Distribution rate - - 48.7% 44.3% 44.6%
Net sales 1 - - 2,507 2,595 2,721
EBITDA 1 - - 932.7 1,017 1,077
EBIT - - 566.3 - -
Net income 1 301.9 430.4 586.8 660 694
Net Debt - - 439.4 - -
Reference price 2 12.900 8.050 6.500 7.400 7.400
Nbr of stocks (in thousands) 753,141 753,141 753,141 753,141 -
Announcement Date 24/02/23 28/02/25 26/02/26 - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.64x14.61x20.76x0.75% 659B
11.99x1.58x8.1x0.93% 51.73B
46.5x1.79x10.06x-.--% 48.18B
10.5x2.73x6.58x-.--% 27.76B
20.43x6.22x11.94x-.--% 26.76B
-24.15x3.42x7.29x1.13% 23.92B
169.3x10.47x160.56x-.--% 10.58B
19.42x6.37x19.66x-.--% 10.14B
15.27x2.61x6.17x5.04% 7.5B
Average 33.10x 5.53x 27.90x 0.87% 96.14B
Weighted average by Cap. 27.84x 11.91x 19.87x 0.7%

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