Company Valuation: TPBI

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,105 1,918 2,059 1,301 1,643 1,217
Change - -8.91% 7.39% -36.84% 26.28% -25.89%
Enterprise Value (EV) 1 3,517 3,613 3,056 1,913 2,038 1,238
Change - 2.74% -15.42% -37.4% 6.54% -39.26%
P/E 11.7x 49.4x 9.32x 6.38x 6.57x 6.73x
PBR 0.87x 0.81x 0.8x 0.48x 0.58x 0.42x
PEG - -0.6x 0x -0.82x 0.3x -0.2x
Capitalization / Revenue 0.39x 0.34x 0.3x 0.25x 0.29x 0.25x
EV / Revenue 0.65x 0.64x 0.45x 0.36x 0.36x 0.25x
EV / EBITDA 6.29x 9.18x 5.25x 3.63x 3.26x 2.63x
EV / EBIT 13.6x 36.1x 9.89x 6.61x 5.04x 4.72x
EV / FCF 47.1x -23.9x 4.58x 4.31x 6.57x 2.94x
FCF Yield 2.12% -4.19% 21.8% 23.2% 15.2% 34%
Dividend per Share 2 0.25 - 0.2 0.25 0.3 0.23
Rate of return 4.95% - 4.05% 8.01% 7.61% 7.88%
EPS 2 0.4301 0.0932 0.5302 0.4888 0.5993 0.4339
Distribution rate 58.1% - 37.7% 51.2% 50.1% 53%
Net sales 1 5,411 5,685 6,841 5,264 5,681 4,907
EBITDA 1 559.2 393.5 581.9 527.7 624.5 470.2
EBIT 1 258.7 99.97 309 289.5 404.7 262.3
Net income 1 179.3 38.85 221.1 203.8 249.8 180.9
Net Debt 1 1,412 1,696 996.9 612.5 395.8 20.67
Reference price 2 5.050 4.600 4.940 3.120 3.940 2.920
Nbr of stocks (in thousands) 416,880 416,880 416,880 416,880 416,880 416,880
Announcement Date 22/02/21 28/02/22 27/02/23 20/02/24 24/02/25 21/02/26
1THB in Million2THB
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 44.18M
15.82x1.45x8.85x5.49% 21.89B
20.36x3.18x8.97x3.01% 19.98B
19.05x1.56x10.72x1.2% 17.59B
19.17x1.82x11.18x2.18% 13.81B
16.26x1.27x8.43x1.17% 12.73B
19.19x2.26x10.71x1.47% 12B
26.92x1.06x7.89x2.94% 8.39B
25.94x2.39x11.58x1.42% 8.72B
Average 20.34x 1.87x 9.79x 2.36% 12.8B
Weighted average by Cap. 19.48x 1.92x 9.72x 2.62%

Y-o-Y evolution of P/E

Valuation ratios - P/E - TPBI

Historical PBR trend

Valuation ratios - PBR - TPBI

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - TPBI

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - TPBI