Company Valuation: Thai Eastern Group

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027
Market Cap 1 5,119 3,024 3,866 3,240 3,521 -
Change - -40.93% 27.86% -16.2% 8.67% -
Enterprise Value (EV) 7,762 6,091 8,517 6,339 3,521 3,521
Change - -21.53% 39.83% -25.58% -44.46% 0%
P/E 6.08x - 6.88x 6.12x 6.04x 5.02x
PBR 1.58x 0.95x 1.06x 0.83x - -
PEG -0.1x - - -1.06x 0.6x 0.2x
Capitalization / Revenue 0.33x 0.25x 0.23x 0.16x 0.16x 0.16x
EV / Revenue 0x 0x 0x 0x 0.16x 0.16x
EV / EBITDA 0x 0x 0x 0x 2.89x 3.52x
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.26 0.1 0.21 0.22 0.22 0.26
Rate of return 5.49% 3.57% 5.87% 7.33% 6.75% 7.98%
EPS 2 0.78 - 0.52 0.49 0.54 0.65
Distribution rate 33.3% - 40.4% 44.9% 40.7% 40%
Net sales 1 15,403 12,143 16,844 19,980 21,754 22,465
EBITDA 1 1,124 668.2 1,142 1,632 1,219 1,000
EBIT 804.1 337.4 784.2 561.6 - -
Net income 1 684 214.9 556.3 533.4 583 707
Net Debt 2,643 3,067 4,651 3,099 - -
Reference price 2 4.740 2.800 3.580 3.000 3.260 3.260
Nbr of stocks (in thousands) 1,080,000 1,080,000 1,080,000 1,080,000 1,080,000 -
Announcement Date 27/02/23 28/02/24 28/02/25 28/02/26 - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.15x - - 6.63% 105M
13.11x1x5.29x3.5% 30.36B
13.6x0.99x5.56x4.04% 26.1B
8.23x1.12x5.33x3.42% 7B
10.04x1.02x5.85x2.95% 6.37B
8.8x - - 3.46% 5.8B
18.38x - - 3.05% 5.07B
7.93x0.97x4.7x3.63% 3.79B
9.29x0.64x5.16x4.36% 3.4B
35.74x1.9x10.71x1.87% 2.51B
Average 13.13x 1.09x 6.08x 3.69% 9.05B
Weighted average by Cap. 12.94x 1.02x 5.56x 3.58%

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

  1. Stock Market
  2. Stocks
  3. TEGH Stock
  4. Valuation Thai Eastern Group