Company Valuation: G Capital

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 507 654 451.8 232.4 162.4 162.6
Change - 28.99% -30.91% -48.57% -30.11% 0.1%
Enterprise Value (EV) 1 2,131 1,907 1,311 900.6 652.4 633.2
Change - -10.52% -31.24% -31.31% -27.55% -2.95%
P/E 130x -11.2x -4.1x 14.4x -11.4x -2.39x
PBR 0.98x 1.43x 1.08x 0.48x 0.32x 0.38x
PEG - 0x -0.1x -0x 0x -0x
Capitalization / Revenue 3.56x 10.5x -21.3x 1.98x 1.85x 4.5x
EV / Revenue 15x 30.7x -61.9x 7.66x 7.43x 17.5x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.05 0.1 - - - -
Rate of return 2.96% 4.59% - - - -
EPS 2 0.013 -0.1952 -0.2948 0.0383 -0.0272 -0.1255
Distribution rate 385% -51.2% - - - -
Net sales 1 142.3 62.06 -21.19 117.5 87.86 36.15
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 3.901 -58.57 -100.6 14.82 -12.77 -67.66
Net Debt 1 1,624 1,253 859.2 668.2 490 470.6
Reference price 2 1.6900 2.1800 1.2100 0.5500 0.3100 0.3000
Nbr of stocks (in thousands) 300,000 300,000 373,407 422,495 523,897 541,897
Announcement Date 01/03/21 28/02/22 23/02/23 23/02/24 27/02/25 25/02/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.46x7.24x8.38x1.1% 22.53B
11.47x4.17x22.85x3.93% 12.01B
5.37x - - 5.68% 10.99B
10.79x - - 4.57% 10.25B
4.55x - - 6.91% 8.15B
8.42x3.14x27.85x3.97% 7.76B
14.96x13.63x33.13x1.53% 6.25B
Average 9.14x 7.05x 23.05x 3.96% 11.14B
Weighted average by Cap. 8.90x 6.65x 18.26x 3.57%

Y-o-Y evolution of P/E

Valuation ratios - P/E - G Capital

Historical PBR trend

Valuation ratios - PBR - G Capital

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - G Capital

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - G Capital