Company Valuation: Ratch Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 65,250 92,981 68,512 65,250 64,162 64,706 - -
Change - 42.5% -26.32% -4.76% -1.67% 0.85% - -
Enterprise Value (EV) 1 119,408 157,615 134,919 149,654 164,148 162,001 140,760 139,163
Change - 32% -14.4% 10.92% 9.68% -1.31% -13.11% -1.13%
P/E Ratio 8.4x 13.6x 13.2x 10.6x 10.3x 9.75x 9.3x 9.25x
PBR 0.93x 0.95x 0.7x 0.68x 0.69x 0.65x 0.62x 0.6x
PEG - -0.3x -0.5x 0.6x 7.26x 1.47x 1.92x 16.24x
Capitalization / Revenue 1.75x 1.24x 1.57x 1.97x 2.37x 1.87x 1.97x 1.96x
EV / Revenue 3.2x 2.11x 3.09x 4.52x 6.06x 4.67x 4.29x 4.21x
EV / EBITDA 25.7x 27.7x 19.4x 22.6x 28.4x 16.7x 13.1x 15.6x
EV / EBIT 47.6x 59.3x 46.8x 58x 78.9x 39.5x 25.9x 27.3x
EV / FCF 22.7x 30.7x 17.5x 24.5x 15x 7.44x 6.43x 6.01x
FCF Yield 4.41% 3.25% 5.71% 4.08% 6.65% 13.4% 15.6% 16.6%
Dividend per Share 2 2.5 1.6 1.6 1.6 1.6 1.6 1.623 1.627
Rate of return 5.56% 3.74% 5.08% 5.33% 5.42% 5.38% 5.45% 5.47%
EPS 2 5.36 3.15 2.38 2.82 2.86 3.05 3.198 3.216
Distribution rate 46.6% 50.8% 67.2% 56.7% 55.9% 52.5% 50.8% 50.6%
Net sales 1 37,327 74,725 43,675 33,133 27,082 34,680 32,838 33,027
EBITDA 1 4,653 5,697 6,948 6,609 5,789 9,722 10,780 8,918
EBIT 1 2,508 2,660 2,883 2,581 2,082 4,106 5,445 5,091
Net income 1 7,772 5,782 5,167 6,127 6,220 6,639 6,974 6,976
Net Debt 1 54,158 64,634 66,407 84,404 99,985 97,295 76,054 74,457
Reference price 2 45.00 42.75 31.50 30.00 29.50 29.75 29.75 29.75
Nbr of stocks (in thousands) 1,450,000 2,175,000 2,175,000 2,175,000 2,175,000 2,175,000 - -
Announcement Date 23/02/22 28/02/23 27/02/24 25/02/25 27/02/26 - - -
1THB in Million2THB
Estimates

P/E Ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.67x4.66x16.61x5.42% 1.95B
30.86x7.73x19.52x-.--% 44.65B
16.42x2.9x11.04x2.54% 35.79B
14.71x4.66x8.41x3.69% 16.1B
15.79x5.25x10.84x0.02% 15.28B
7.98x2.96x7.92x5.11% 12.99B
10.98x1.48x8.85x4.93% 8.39B
31.02x4.46x10.33x4.08% 7.68B
17.67x - - 2.52% 4.98B
Average 17.23x 4.26x 11.69x 3.15% 16.42B
Weighted average by Cap. 20.19x 4.89x 13.00x 2.12%

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

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