Company Valuation: Thai Union Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 90,769 78,672 66,827 55,317 49,345 48,960 - -
Change - -13.33% -15.06% -17.22% -10.8% -0.78% - -
Enterprise Value (EV) 1 152,087 126,000 118,365 115,495 116,015 111,346 110,568 108,868
Change - -17.15% -6.06% -2.42% 0.45% -4.02% -0.7% -1.54%
P/E 11.7x 11.5x -4.76x 12x 11x 10.9x 10x 9.26x
PBR 1.53x 0.98x 1.16x 1.14x 1.11x 1.1x 1.04x 0.98x
PEG - -1x 0x -0x 1.49x 15.29x 1.17x 1.14x
Capitalization / Revenue 0.64x 0.51x 0.49x 0.4x 0.37x 0.35x 0.34x 0.33x
EV / Revenue 1.08x 0.81x 0.87x 0.83x 0.87x 0.81x 0.77x 0.73x
EV / EBITDA 12.2x 10.2x 10.7x 9.97x 11.2x 9.33x 8.72x 8.14x
EV / EBIT 18.4x 15.7x 17.1x 16x 18.8x 15.2x 14x 12.7x
EV / FCF 71.8x 237x 18.7x 10.5x 143x 15.2x 20x 19.9x
FCF Yield 1.39% 0.42% 5.34% 9.5% 0.7% 6.57% 5.01% 5.02%
Dividend per Share 2 0.95 0.84 0.54 0.66 0.7 0.7441 0.8033 0.8546
Rate of return 4.87% 4.97% 3.6% 5.08% 5.47% 5.86% 6.33% 6.73%
EPS 2 1.66 1.47 -3.15 1.08 1.16 1.168 1.268 1.371
Distribution rate 57.2% 57.1% -17.1% 61.1% 60.3% 63.7% 63.3% 62.3%
Net sales 1 141,048 155,586 136,153 138,433 132,719 137,963 143,199 148,925
EBITDA 1 12,440 12,374 11,103 11,587 10,380 11,934 12,683 13,375
EBIT 1 8,256 8,050 6,912 7,222 6,170 7,324 7,908 8,560
Net income 1 8,013 7,138 -13,933 4,985 4,609 4,794 5,234 5,680
Net Debt 1 61,318 47,328 51,538 60,178 66,670 62,386 61,608 59,908
Reference price 2 19.50 16.90 15.00 13.00 12.80 12.70 12.70 12.70
Nbr of stocks (in thousands) 4,654,815 4,655,133 4,455,133 4,255,133 3,855,094 3,855,133 - -
Announcement Date 23/02/22 20/02/23 19/02/24 17/02/25 19/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.74x2.82x14.07x3.98% 242B
19.47x2.5x14.93x3.29% 79.86B
16.31x1.69x9.58x3.89% 43.13B
15.47x0.55x9.88x2.49% 40.31B
19.88x3.04x12.35x3.52% 33B
37.24x3.21x18.7x1% 32.69B
26x5.41x17.23x3.22% 29.52B
64.13x9.84x40.83x1.19% 28.05B
-8x1.78x8.89x7.07% 26.92B
Average 23.47x 3.43x 16.27x 3.29% 61.7B
Weighted average by Cap. 21.83x 3.00x 14.98x 3.53%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Thai Union Group

Historical PBR trend

Valuation ratios - PBR - Thai Union Group

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Thai Union Group

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Thai Union Group


Year-on-year evolution of the Yield

Valuation ratios - Yield - Thai Union Group
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