Company Valuation: Sabina

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,880 8,097 8,948 7,054 5,699 5,352 - -
Change - 17.68% 10.52% -21.17% -19.21% -6.1% - -
Enterprise Value (EV) 1 7,215 8,351 9,295 7,256 5,597 5,106 5,222 5,352
Change - 15.74% 11.31% -21.94% -22.86% -8.79% 2.27% 2.49%
P/E 23.3x 19.4x 19.4x 15.1x 13.9x 12.7x 11.9x 11.2x
PBR 3.74x 4.34x 4.79x 3.84x 3.11x 2.91x 2.89x -
PEG - 0.5x 1.8x 20.08x -1.2x 4.28x 1.93x 1.81x
Capitalization / Revenue 2.61x 2.56x 2.61x 1.98x 1.71x 1.58x 1.52x 1.51x
EV / Revenue 2.74x 2.64x 2.71x 2.03x 1.68x 1.5x 1.49x 1.51x
EV / EBITDA 17.5x 14.9x 13.9x 10.8x 9.72x 8.63x 8.37x 8.04x
EV / EBIT 19.3x 16.1x 15.9x 12.3x 11.2x 9.53x 9.42x -
EV / FCF 14.5x 12.9x 25.9x 12.5x 6.78x 18.5x 13.4x -
FCF Yield 6.88% 7.76% 3.87% 7.99% 14.7% 5.41% 7.45% -
Dividend per Share 2 0.85 1.2 1.33 1.34 1.18 1.215 1.29 1.36
Rate of return 4.29% 5.15% 5.17% 6.6% 7.2% 7.89% 8.38% 8.83%
EPS 2 0.85 1.2 1.33 1.34 1.18 1.215 1.29 1.37
Distribution rate 100% 100% 100% 100% 100% 100% 100% 99.3%
Net sales 1 2,631 3,168 3,431 3,566 3,326 3,396 3,512 3,555
EBITDA 1 413.5 559.3 667.4 669.4 576 591.7 624 666
EBIT 1 373 520.1 586.4 591.7 499.4 536 554.5 -
Net income 1 294.2 417.2 462.5 464.4 410.8 423.3 444.7 475
Net Debt 1 335 254.1 346.9 201.8 -101.7 -246 -130 -
Reference price 2 19.80 23.30 25.75 20.30 16.40 15.40 15.40 15.40
Nbr of stocks (in thousands) 347,500 347,500 347,500 347,500 347,500 347,500 - -
Announcement Date 21/02/22 20/02/23 22/02/24 25/02/25 19/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.8x - - 7.87% 440M
9.02x - - 4.75% 394M
12.67x1.5x8.63x7.89% 161M
Average 11.83x 1.50x 8.63x 6.84% 331.67M
Weighted average by Cap. 11.72x 1.50x 8.63x 6.64%

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