Valuation Thai Beverage Deutsche Boerse AG

Stocks

Market Closed - Deutsche Boerse AG 10:01:23 21/08/2026 +04			5-day change	1st Jan Change
0.3032 ^EUR	0.00%		-1.69%	+2.78%

08-18	Thai Beverage Sets Up China Marketing Subsidiary	MT
08-14	ThaiBev's EBITDA Up 7.2% in Nine Months to June	MT

Data adjusted to current consolidation scope

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	407,676	396,474	386,809	338,955	293,980	300,578	-	-
Change	-	-2.75%	-2.44%	-12.37%	-13.27%	2.24%	-	-
Enterprise Value (EV) ¹	592,999	556,888	550,339	525,552	477,513	466,487	452,877	442,780
Change	-	-6.09%	-1.18%	-4.5%	-9.14%	-2.31%	-2.92%	-2.23%
P/E	16.6x	13.2x	14.1x	12.5x	11.6x	11.3x	10.5x	10x
PBR	2.38x	1.93x	1.92x	2.27x	2.08x	1.98x	1.83x	1.7x
PEG	-	0.6x	-1.54x	-13.63x	-1.79x	2.21x	1.43x	2.03x
Capitalization / Revenue	1.69x	1.46x	1.39x	1x	0.88x	0.89x	0.86x	0.83x
EV / Revenue	2.47x	2.04x	1.97x	1.54x	1.43x	1.38x	1.3x	1.22x
EV / EBITDA	14.3x	12x	12.5x	9.37x	8.82x	8.47x	8.02x	7.6x
EV / EBIT	17.6x	14.4x	15.2x	11.5x	10.9x	10.4x	9.88x	9.24x
EV / FCF	20.7x	13.4x	20.2x	18.1x	14.5x	10.5x	11.8x	10.9x
FCF Yield	4.84%	7.48%	4.96%	5.54%	6.92%	9.52%	8.5%	9.14%
Dividend per Share ²	0.5	0.6	0.6	0.62	0.62	0.618	0.6446	0.667
Rate of return	3.08%	3.8%	3.9%	4.6%	5.3%	5.17%	5.39%	5.58%
EPS ²	0.98	1.2	1.09	1.08	1.01	1.062	1.139	1.196
Distribution rate	51%	50%	55%	57.4%	61.4%	58.2%	56.6%	55.8%
Net sales ¹	240,543	272,359	279,085	340,289	333,286	336,893	349,707	361,692
EBITDA ¹	41,613	46,344	43,971	56,074	54,157	55,092	56,457	58,258
EBIT ¹	33,782	38,583	36,229	45,874	43,811	44,718	45,834	47,896
Net income ¹	24,645	30,106	27,434	27,216	25,361	27,113	28,905	30,420
Net Debt ¹	185,323	160,414	163,530	186,597	183,534	165,910	152,300	142,202
Reference price ²	16.23	15.78	15.40	13.49	11.70	11.96	11.96	11.96
Nbr of stocks (in thousands)	25,118,755	25,120,888	25,124,754	25,127,675	25,130,487	25,131,686	-	-
Announcement Date	26/11/21	25/11/22	22/11/23	21/11/24	25/11/25	-	-	-

¹THB in Million²THB

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
DIAGEO PLC	14.66x	3.63x	10.66x	2.39%	52.12B
PERNOD RICARD	12.45x	2.9x	9.64x	6.82%	20.1B
BROWN-FORMAN CORPORATION	17x	3.8x	13.04x	3.34%	13.15B
THAI BEVERAGE	11.27x	1.38x	8.47x	5.17%	9.2B
RADICO KHAITAN LIMITED	69.22x	8.95x	44.92x	0.22%	6.49B
EMPERADOR INC.	38.24x	4.54x	24.16x	0.68%	3.83B
RÉMY COINTREAU	26.64x	3.21x	14.26x	1.89%	2.81B
ALLIED BLENDERS AND DISTILLERS LIMITED	52.82x	3.93x	28.01x	0.96%	1.74B
Average	30.29x	4.04x	19.14x	2.68%	13.68B
Weighted average by Cap.	19.23x	3.67x	13.45x	3.33%