B

Betagro PCL
SET:BTG

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Betagro PCL
SET:BTG
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Price: 22.8 THB 3.64%
Market Cap: ฿44.1B

EV/IC

0.9
Current
16%
Cheaper
vs 3-y average of 1.1

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.9
=
Enterprise Value
฿53.1B
/
Invested Capital
฿60.2B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.9
=
Enterprise Value
฿53.1B
/
Invested Capital
฿60.2B

Valuation Scenarios

Betagro PCL is trading below its 3-year average

If EV/IC returns to its 3-Year Average (1.1), the stock would be worth ฿27.03 (19% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-14%
Maximum Upside
+27%
Average Upside
13%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 0.9 ฿22.8
0%
3-Year Average 1.1 ฿27.03
+19%
5-Year Average 1.1 ฿27.03
+19%
Industry Average 1.2 ฿28.91
+27%
Country Average 0.8 ฿19.68
-14%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
TH
Betagro PCL
SET:BTG
43.7B THB 0.9 6.5
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 27 042.7 540 752.8
CH
Nestle SA
SIX:NESN
206.9B CHF 2.4 22.5
US
Mondelez International Inc
NASDAQ:MDLZ
75B USD 1.6 32.1
FR
Danone SA
PAR:BN
43.1B EUR 1.5 23.3
ZA
Tiger Brands Ltd
JSE:TBS
48.7B ZAR 2.8 12.8
US
Hershey Co
NYSE:HSY
38.1B USD 3.6 43.3
CN
Muyuan Foods Co Ltd
SZSE:002714
236.5B CNY 2 25.2
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
229.3B CNY 13.2 32.6
ZA
Avi Ltd
JSE:AVI
33B ZAR 3.9 12.8
IN
Nestle India Ltd
NSE:NESTLEIND
2.8T INR 31.7 80.5

Market Distribution

In line with most companies in Thailand
Percentile
59th
Based on 402 companies
59th percentile
0.9
Low
0 — 0.6
Typical Range
0.6 — 1.2
High
1.2 —
Distribution Statistics
Thailand
Min 0
30th Percentile 0.6
Median 0.8
70th Percentile 1.2
Max 119.8

Betagro PCL
Glance View

Market Cap
44.1B THB
Industry
Food Products

Betagro Public Company Limited, a titan in the Thai agribusiness sector, has grown from modest beginnings into a formidable conglomerate with significant influence across Southeast Asia. Founded in 1967, the company started its journey as a small-scale livestock producer. Over the decades, it strategically expanded its operations through vertical integration, allowing it to control everything from feed production to processing and distribution. This holistic approach enables Betagro to ensure quality and efficiency at every step of the supply chain. Its operations encompass a diverse range of products including animal feed, livestock, and pet food, underpinned by a strong commitment to innovation and quality assurance. With an extensive portfolio that spans fresh and processed meat products, Betagro earns revenue by capitalizing on both domestic and international markets. Its comprehensive product range ensures it appeals to a broad customer base, which includes retailers, wholesalers, and individual consumers. By integrating its farming operations with a sophisticated distribution network, Betagro captures value at multiple points—from the cost-effective production of raw ingredients to the premium pricing of branded consumer products. The company’s focus on sustainability and traceability provides a competitive edge, meeting the growing global demand for ethically sourced and high-quality food products. Through these meticulously crafted business strategies, Betagro not only secures its financial stability but also cements its reputation as a leader in the agribusiness industry.

BTG Intrinsic Value
42.98 THB
Undervaluation 47%
Intrinsic Value
Price ฿22.8
B
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