R

Ratch Group PCL
SET:RATCH

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Ratch Group PCL
SET:RATCH
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Price: 26.25 THB 0.96% Market Closed
Market Cap: 57.1B THB

Relative Value

The Relative Value of one RATCH stock under the Base Case scenario is 64.54 THB. Compared to the current market price of 26.25 THB, Ratch Group PCL is Undervalued by 59%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

RATCH Relative Value
Base Case
64.54 THB
Undervaluation 59%
Relative Value
Price
R
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
47
vs Industry
46
Median 3Y
1.4
Median 5Y
1.7
Industry
1.7
Forward
1.2
vs History
76
vs Industry
55
Median 3Y
11.9
Median 5Y
11.6
Industry
15
Forward
7.2
vs History
76
vs Industry
42
Median 3Y
8
Median 5Y
8.9
Industry
6.9
vs History
46
vs Industry
42
Median 3Y
6.4
Median 5Y
6.4
Industry
14.1
vs History
92
vs Industry
77
Median 3Y
0.8
Median 5Y
0.8
Industry
1.4
vs History
12
vs Industry
35
Median 3Y
2.4
Median 5Y
2.8
Industry
2.8
Forward
2.7
vs History
73
vs Industry
12
Median 3Y
23.5
Median 5Y
24.5
Industry
7.4
vs History
71
vs Industry
21
Median 3Y
17.2
Median 5Y
19.5
Industry
10.4
Forward
11.7
vs History
33
vs Industry
10
Median 3Y
35.1
Median 5Y
33.7
Industry
14.9
Forward
14.5
vs History
25
vs Industry
26
Median 3Y
15.4
Median 5Y
15.3
Industry
10.9
vs History
46
vs Industry
23
Median 3Y
21.1
Median 5Y
21.1
Industry
17
vs History
80
vs Industry
67
Median 3Y
0.7
Median 5Y
0.8
Industry
0.9

Multiples Across Competitors

RATCH Competitors Multiples
Ratch Group PCL Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
TH
Ratch Group PCL
SET:RATCH
57.1B THB 1.7 9.3 16.8 35.2
DE
Uniper SE
XETRA:UN01
562.9B EUR 2.1 -29.7 -142.5 -87.5
SA
ACWA Power Co
SAU:2082
284.4B SAR 45.2 161.8 134.3 174.5
US
Vistra Corp
NYSE:VST
43B USD 2.5 17.4 8.8 14.4
IN
NTPC Ltd
NSE:NTPC
3.5T INR 1.9 15.7 9.9 14.5
IN
Adani Power Ltd
NSE:ADANIPOWER
2.1T INR 3.8 16.2 11 13.7
CN
CGN Power Co Ltd
SZSE:003816
178.3B CNY 2.1 16.5 13.8 13.8
CN
China National Nuclear Power Co Ltd
SSE:601985
176.2B CNY 2.3 17.3 16.5 16.5
TH
Gulf Energy Development PCL
SET:GULF
533.9B THB 4.4 29.4 30.5 37.2
CN
SDIC Power Holdings Co Ltd
SSE:600886
111.5B CNY 1.9 15.8 13.8 13.8
CN
Huaneng Power International Inc
SSE:600011
100.4B CNY 0.4 13.9 13.2 13.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
R
Ratch Group PCL
SET:RATCH
Average EV/EBITDA: 26.9
16.8
19%
0.9
DE
Uniper SE
XETRA:UN01
Negative Multiple: -142.5 N/A N/A
SA
ACWA Power Co
SAU:2082
134.3
46%
2.9
US
Vistra Corp
NYSE:VST
8.8
1%
8.8
IN
NTPC Ltd
NSE:NTPC
9.9
10%
1
IN
Adani Power Ltd
NSE:ADANIPOWER
11
9%
1.2
CN
CGN Power Co Ltd
SZSE:003816
13.8
29%
0.5
CN
China National Nuclear Power Co Ltd
SSE:601985
16.5
25%
0.7
TH
G
Gulf Energy Development PCL
SET:GULF
30.5
6%
5.1
CN
SDIC Power Holdings Co Ltd
SSE:600886
13.8
29%
0.5
CN
Huaneng Power International Inc
SSE:600011
13.2
39%
0.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
TH
R
Ratch Group PCL
SET:RATCH
Average EV/EBIT: 34.7
35.2
33%
1.1
DE
Uniper SE
XETRA:UN01
Negative Multiple: -87.5 N/A N/A
SA
ACWA Power Co
SAU:2082
174.5
53%
3.3
US
Vistra Corp
NYSE:VST
14.4
3%
4.8
IN
NTPC Ltd
NSE:NTPC
14.5
11%
1.3
IN
Adani Power Ltd
NSE:ADANIPOWER
13.7
10%
1.4
CN
CGN Power Co Ltd
SZSE:003816
13.8
9%
1.5
CN
China National Nuclear Power Co Ltd
SSE:601985
16.5
4%
4.1
TH
G
Gulf Energy Development PCL
SET:GULF
37.2
0%
N/A
CN
SDIC Power Holdings Co Ltd
SSE:600886
13.8
10%
1.4
CN
Huaneng Power International Inc
SSE:600011
13.2
23%
0.6