Ratch Group PCL
SET:RATCH
EV/EBIT
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBIT returns to its 3-Year Average (37.6), the stock would be worth ฿22.63 (26% downside from current price).
| Scenario | EV/EBIT Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 51.1 | ฿30.75 |
0%
|
| 3-Year Average | 37.6 | ฿22.63 |
-26%
|
| 5-Year Average | 34.8 | ฿20.96 |
-32%
|
| Industry Average | 14.1 | ฿8.51 |
-72%
|
| Country Average | 11.7 | ฿7.02 |
-77%
|
Forward EV/EBIT
Today’s price vs future ebit
| Today's Enterprise Value | EBIT | Forward EV/EBIT | ||
|---|---|---|---|---|
|
฿130.9B
|
/ |
Oct 2025
฿2.6B
|
= |
|
|
฿130.9B
|
/ |
Dec 2025
฿7.3B
|
= |
|
|
฿130.9B
|
/ |
Dec 2026
฿6.8B
|
= |
|
|
฿130.9B
|
/ |
Dec 2027
฿6.8B
|
= |
|
Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.
Peer Comparison
| Market Cap | EV/EBIT | P/E | ||||
|---|---|---|---|---|---|---|
| TH |
R
|
Ratch Group PCL
SET:RATCH
|
66.9B THB | 51.1 | 11.1 | |
| US |
|
Vistra Corp
NYSE:VST
|
51.8B USD | 32.8 | 54 | |
| SA |
|
ACWA Power Co
SAU:2082
|
184.5B SAR | 94.7 | 103.5 | |
| IN |
|
NTPC Ltd
NSE:NTPC
|
3.6T INR | 14.9 | 14.7 | |
| IN |
|
Adani Power Ltd
NSE:ADANIPOWER
|
3T INR | 21.1 | 26.4 | |
| CN |
|
CGN Power Co Ltd
SZSE:003816
|
193.9B CNY | 16.5 | 20.6 | |
| CN |
|
China National Nuclear Power Co Ltd
SSE:601985
|
176.1B CNY | 20.5 | 20.4 | |
| TH |
G
|
Gulf Energy Development PCL
SET:GULF
|
739.5B THB | 48.5 | 34.6 | |
| DE |
|
Uniper SE
XETRA:UN0
|
15.1B EUR | 11.1 | -47.3 | |
| US |
|
Talen Energy Corp
NASDAQ:TLN
|
15.4B USD | 73.4 | 68.7 | |
| CN |
|
SDIC Power Holdings Co Ltd
SSE:600886
|
103.7B CNY | 12.6 | 15.9 |
Market Distribution
| Min | 0.4 |
| 30th Percentile | 8.7 |
| Median | 11.7 |
| 70th Percentile | 15.7 |
| Max | 2 524.8 |
Other Multiples
Ratch Group PCL
Glance View
Ratch Group Public Company Limited, originally established as a subsidiary of the state-owned Electricity Generating Authority of Thailand, has transpired into one of Southeast Asia's prominent independent power producers. This evolution is rooted deeply in its strategic focus on harnessing the growing demand for energy across the region. The company generates revenue primarily by operating, developing, and investing in a diversified portfolio of power plants that include traditional thermal and hydroelectric assets, as well as renewable energy ventures such as wind and solar. Its comprehensive approach combines both conventional and green energy sources, enabling the company to adapt and thrive amidst the global transition towards sustainability. By providing stable and reliable electricity, Ratch Group ensures a steady cash flow with long-term power purchasing agreements, mostly secured with governmental and large industrial clients, thus underpinning its financial stability. In recent years, Ratch Group has strategically expanded its footprint beyond Thailand, making calculated investments into neighboring countries such as Laos, Australia, and Indonesia to capitalize on the broader regional demand for power. This expansion strategy is emblematic of its agility and vision to align with global energy trends, particularly the pivot towards renewable energy solutions. The company’s forward-looking approach is not only cemented in its diversified energy mix but also in its commitment to modernizing and optimizing its existing infrastructure, adopting advanced technological solutions to enhance operational efficiencies and performance. Even as the energy sector faces increasing pressure to adapt to environmental concerns, Ratch Group navigates these challenges by pursuing environmentally responsible projects, thereby maintaining its competitiveness and ensuring that it remains at the forefront of the industry.