Company Valuation: Patkol

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 659.2 1,271 953 505.1 286.4 276
Change - 92.75% -25% -46.99% -43.3% -3.64%
Enterprise Value (EV) 1 1,044 1,985 2,023 1,261 884.1 788.4
Change - 90.16% 1.88% -37.66% -29.88% -10.82%
P/E 39.8x 12.5x -7.31x -3.49x -1.76x -10.2x
PBR 0.46x 0.81x 0.65x 0.38x 0.24x 0.23x
PEG - 0x 0x -0.3x -0.1x 0.1x
Capitalization / Revenue 0.22x 0.4x 0.32x 0.29x 0.15x 0.16x
EV / Revenue 0.34x 0.62x 0.68x 0.73x 0.47x 0.45x
EV / EBITDA 15.4x 13.4x -16.5x -10.6x -7.93x 74x
EV / EBIT -60.1x 27.6x -10.5x -6.96x -5.86x -29.6x
EV / FCF 2.34x - 33.8x 8.25x 146x -13.1x
FCF Yield 42.8% - 2.96% 12.1% 0.68% -7.65%
Dividend per Share 2 - 0.065 - - - -
Rate of return - 2.66% - - - -
EPS 2 0.04 0.1945 -0.2505 -0.2781 -0.312 -0.0522
Distribution rate - 33.4% - - - -
Net sales 1 3,059 3,208 2,979 1,732 1,896 1,739
EBITDA 1 67.86 148.1 -122.6 -119.2 -111.4 10.66
EBIT 1 -17.36 71.81 -192.2 -181 -150.9 -26.59
Net income 1 22.46 96.85 -130.4 -144.8 -162.5 -27.18
Net Debt 1 384.8 714.6 1,070 755.7 597.6 512.4
Reference price 2 1.5900 2.4400 1.8300 0.9700 0.5500 0.5300
Nbr of stocks (in thousands) 414,608 520,756 520,756 520,756 520,756 520,756
Announcement Date 22/02/21 28/02/22 01/03/23 27/02/24 23/02/25 23/02/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
38.28x6.54x24.28x0.7% 131B
28.59x5.31x18.44x2.11% 36.74B
31.87x4.23x15.99x0.11% 31.34B
23.59x3.93x12.45x1.43% 29.62B
118.75x42.67x97.61x0.31% 29.32B
22.43x3.25x14.01x1.04% 27.35B
24.89x3.03x13.06x1.52% 26.6B
25.63x3.23x15.75x1.76% 23.87B
Average 39.25x 9.02x 26.45x 1.12% 42.03B
Weighted average by Cap. 39.10x 8.33x 25.89x 1%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA