Company Valuation: PTT

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,085,394 949,720 1,021,127 906,875 914,016 1,189,622 - -
Change - -12.5% 7.52% -11.19% 0.79% 30.15% - -
Enterprise Value (EV) 1 1,609,372 1,803,259 1,651,392 1,479,267 1,497,004 1,750,191 1,669,145 1,593,457
Change - 12.05% -8.42% -10.42% 1.2% 16.91% -4.63% -4.53%
P/E 10x 10.4x 9.12x 10.1x 10.2x 9.74x 11x 9.73x
PBR 1.08x 0.9x 0.91x 0.79x 0.8x 1.01x 0.96x 0.83x
PEG - -0.7x 0.4x -0.5x - 0.3x -0.9x 0.7x
Capitalization / Revenue 0.48x 0.28x 0.32x 0.29x 0.34x 0.41x 0.42x 0.41x
EV / Revenue 0.71x 0.54x 0.53x 0.48x 0.56x 0.6x 0.59x 0.55x
EV / EBITDA 3.76x 3.67x 3.87x 3.73x 4.5x 3.77x 3.91x 3.62x
EV / EBIT 6.48x 6.25x 7.21x 6.5x 9.92x 6.28x 6.78x 6.31x
EV / FCF 8.82x 68.1x 7.56x 6.95x 11x 10.8x 10.1x 8.01x
FCF Yield 11.3% 1.47% 13.2% 14.4% 9.06% 9.29% 9.94% 12.5%
Dividend per Share 2 2 2 2 2.1 2.3 2.298 2.174 2.244
Rate of return 5.26% 6.02% 5.59% 6.61% 7.19% 5.47% 5.18% 5.34%
EPS 2 3.79 3.2 3.92 3.15 3.15 4.314 3.81 4.316
Distribution rate 52.8% 62.5% 51% 66.7% 73% 53.3% 57.1% 52%
Net sales 1 2,258,818 3,367,203 3,144,551 3,090,453 2,662,145 2,920,070 2,834,152 2,907,600
EBITDA 1 427,956 491,288 426,895 396,234 332,849 464,093 426,716 440,673
EBIT 1 248,298 288,745 229,168 227,498 150,903 278,871 246,015 252,655
Net income 1 108,363 91,175 112,024 90,072 90,166 123,028 108,950 114,619
Net Debt 1 523,978 853,539 630,265 572,392 582,988 560,568 479,523 403,835
Reference price 2 38.00 33.25 35.75 31.75 32.00 42.00 42.00 42.00
Nbr of stocks (in thousands) 28,562,996 28,562,996 28,562,996 28,562,996 28,562,996 28,324,336 - -
Announcement Date 17/02/22 16/02/23 15/02/24 20/02/25 19/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.84x0.62x3.83x5.42% 35.22B
13.56x3.47x6.79x5.27% 1,681B
13.11x1.93x6.21x3.12% 448B
8.41x0.74x4.72x6.19% 348B
8.47x0.95x4.17x2.98% 298B
7.65x1.04x4.15x4.39% 206B
6.12x1.85x2.97x7.46% 153B
8.1x0.9x2.11x3.33% 112B
8.56x0.88x4.35x4.87% 85.91B
9.16x1.69x5.54x7.38% 47.88B
Average 9.30x 1.41x 4.48x 5.04% 341.41B
Weighted average by Cap. 11.44x 2.35x 5.68x 4.88%

Y-o-Y evolution of P/E

Valuation ratios - P/E - PTT

Historical PBR trend

Valuation ratios - PBR - PTT

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - PTT

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - PTT


Year-on-year evolution of the Yield

Valuation ratios - Yield - PTT