Valuation : WHA Utilities and Power

Market Cap 29.07B 879M 757M 710M 648M 1.22B 84B 1.23B 8.42B 3.29B 42.4B 3.3B 3.23B 141B P/E 2026 *
21.4x
P/E 2027 * 17.4x
Enterprise Value 45.15B 1.36B 1.18B 1.1B 1.01B 1.9B 130B 1.9B 13.08B 5.1B 65.85B 5.12B 5.01B 218B EV / Sales 2026 *
12.1x
EV / Sales 2027 * 10.9x
Free-Float
24.21%
Yield 2026 *
3.29%
Yield 2027 * 3.19%
08-24 Maybank Research Downgrades WHA Utilities and Power to Hold from Buy; Price Target is THB7.50 MT
08-10 WHA Utilities and Power Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026 CI
05-13 WHA Utilities and Power Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026 CI
04-23 WHA Utilities and Power Public Company Limited Approves Dividend Payment from 2025, Payable on May 18, 2026 CI
04-20 WHA Utilities and Power executes Power Purchase Agreement of solar farm projects RE
04-20 WHA Utilities and Power Public Company Limited Announces Execution of Power Purchase Agreements for Solar Farm Projects CI
02-26 Kasikorn Securities Downgrades WHA Utilities and Power to Neutral from Outperform; Price Target is THB5.05 MT
02-26 Kasikorn Securities Downgrades WHA Utilities & Power to Neutral From Underperform; Price Target is THB5.05 MT
02-25 WHA Utilities and Power posts FY profit attributable of 1.02 bln baht RE
02-25 WHA Utilities and Power Public Company Limited Proposed Annual Cash Dividend for Operating Period from 01 January 2025 to 31 December 2025, Payment Date Shall Be on May 18, 2026 CI
02-25 WHA Utilities and Power Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2025 CI
12-30 Phillip Securities Starts WHA Utilities and Power at Buy with THB5.60 Price Target MT
11-14 Wha Utilities and Power posts qtrly net profit attributable 486.7 million baht RE
1 day-1.94%
1 week-1.94%
Current month-2.56%
1 month-1.94%
3 months+31.03%
6 months+50.50%
Current year+80.95%
1 week 7.15
Extreme 7.15
7.85
1 month 7.15
Extreme 7.15
8.2
Current year 4.08
Extreme 4.08
8.5
1 year 3.72
Extreme 3.72
8.5
3 years 2.76
Extreme 2.76
8.5
5 years 2.76
Extreme 2.76
8.5
10 years 2.76
Extreme 2.76
8.5
Manager TitleAgeSince
Chief Executive Officer 51 01/01/2026
Director of Finance/CFO 47 -
Investor Relations Contact - -
Director TitleAgeSince
Chairman 59 09/02/2018
Director/Board Member 69 25/03/2015
Director/Board Member 54 01/01/2021
Change 5-day change 1-year change 3-year change Capi.($)
-1.94%-1.94%+105.41%+90.95% 902M
+0.86%+2.05%-3.33%-1.40% 27.16B
+0.85%+0.24%+14.96%+36.96% 6.86B
-2.25%-0.97%+80.80%+189.07% 4.05B
+0.73%+0.46%+27.77%-4.34% 2.64B
-0.86%-23.21%-33.33%-2.27% 2.22B
-1.38%-1.05%-4.03%+43.71% 1.95B
-3.00%-0.03% - - 1.81B
-0.57%-3.20%-18.02%+95.29% 1.68B
+2.12%+3.13%+72.21%+87.71% 1.52B
Average -0.59%-2.13%+26.94%+59.52% 5.08B
Weighted average by Cap. +0.23%-1.22%+10.31%+29.08%

Financials

2026 *2027 *
Net sales 3.73B 113M 97.1M 91.04M 83.1M 157M 10.77B 157M 1.08B 421M 5.44B 423M 414M 18.03B 4.24B 128M 110M 104M 94.55M 178M 12.25B 179M 1.23B 479M 6.18B 481M 471M 20.51B
Net income 1.39B 42.16M 36.33M 34.06M 31.09M 58.57M 4.03B 58.76M 404M 158M 2.03B 158M 155M 6.74B 1.7B 51.27M 44.18M 41.42M 37.81M 71.23M 4.9B 71.46M 491M 192M 2.47B 192M 188M 8.2B
Net Debt 16.08B 486M 419M 393M 358M 675M 46.45B 677M 4.66B 1.82B 23.45B 1.82B 1.79B 77.75B 17.31B 523M 451M 423M 386M 727M 50.02B 729M 5.02B 1.96B 25.25B 1.96B 1.92B 83.73B
Logo WHA Utilities and Power
WHA Utilities and Power Public Company Limited is a Thailand-based company, which is engaged in utility business and power business. The Company's utility business includes distributing raw water, producing and distributing industrial water and providing wastewater treatment services to operators in industrial estates and industrial land both domestically and internationally, as well as producing and supplying tap water in overseas markets. Its power business includes investment in power generation business, both domestically and abroad. It offers raw water as an alternative of water consumption for industrial operators. Its industrial water product categories include process water, clarified water, premium clarified water, and demineralized water. It conducts power business itself or by holding equity in other power generating and distribution companies, both domestically and abroad. It operates a solar power business. It has also invested in the natural gas distribution business.
Employees
69
Date Price Change Volume
28/08/26 THB 7.600 -1.94% 7,022,549
27/08/26 THB 7.750 +1.97% 19,364,790
26/08/26 THB 7.600 +4.11% 18,693,032
25/08/26 THB 7.300 -3.31% 28,796,396
24/08/26 THB 7.550 -3.21% 8,466,138
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
7.750THB
Average target price
8.361THB
Spread / Average Target
+7.88%

Quarterly revenue - Rate of surprise

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