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Kerry Express (Thailand) PCL
SET:KEX

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Kerry Express (Thailand) PCL
SET:KEX
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Price: 0.52 THB 4%
Market Cap: ฿1.8B

EV/S

0.5
Current
48%
Cheaper
vs 3-y average of 0.9

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.5
=
Enterprise Value
฿3B
/
Revenue
฿6.7B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.5
=
Enterprise Value
฿3B
/
Revenue
฿6.7B

Valuation Scenarios

Kerry Express (Thailand) PCL is trading below its 3-year average

If EV/S returns to its 3-Year Average (0.9), the stock would be worth ฿1 (92% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+305%
Average Upside
162%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 0.5 ฿0.52
0%
3-Year Average 0.9 ฿1
+92%
5-Year Average 1.1 ฿1.28
+146%
Industry Average 0.9 ฿1.07
+106%
Country Average 1.8 ฿2.11
+305%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
฿3B
/
Jul 2025
฿6.7B
=
0.5
Current
฿3B
/
Dec 2025
฿8.3B
=
0.4
Forward
฿3B
/
Dec 2026
฿7.5B
=
0.4
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

Lower than 87% of companies in Thailand
Percentile
13th
Based on 392 companies
13th percentile
0.5
Low
0 — 1
Typical Range
1 — 3.1
High
3.1 —
Distribution Statistics
Thailand
Min 0
30th Percentile 1
Median 1.8
70th Percentile 3.1
Max 309.3

Kerry Express (Thailand) PCL
Glance View

Kerry Express (Thailand) Public Co., Ltd. is engaged in logistics services. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2020-12-24. The firm offers a range of domestic parcel delivery service in Thailand. The firm's services include business-to-business, business-to-person, person-to-person, cash on delivery services, EasyShip, Extra Care Service, Kerry Express and Kerry SameDay. Its EasyShip is a parcel management platform that helps, summarize, organize and track parcels. Its Extra Care Service offers coverage for the liability limit in case for loss and damage of the parcel cover. Its Kerry Express drops off channel gives both e-commerce sellers and buyers the flexibility to choose when and where to send out the parcels. Its Kerry SameDay is a same day express delivery service where the parcel is delivered to desired destination in a single day.

KEX Intrinsic Value
1.52 THB
Undervaluation 66%
Intrinsic Value
Price ฿0.52
K
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