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Ratch Group PCL
SET:RATCH

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Ratch Group PCL
SET:RATCH
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Price: 30.5 THB -1.61% Market Closed
Market Cap: ฿66.3B

EV/OCF

16.5
Current
7%
More Expensive
vs 3-y median of 15.4

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
16.5
=
Enterprise Value
฿130.9B
/
Operating Cash Flow
฿7.9B

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
16.5
=
Enterprise Value
฿130.9B
/
Operating Cash Flow
฿7.9B

Valuation Scenarios

Ratch Group PCL is trading above its 3-year average

If EV/OCF returns to its 3-Year Average (15.4), the stock would be worth ฿28.48 (7% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-48%
Maximum Upside
No Upside Scenarios
Average Downside
22%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 16.5 ฿30.5
0%
3-Year Average 15.4 ฿28.48
-7%
5-Year Average 15.1 ฿27.97
-8%
Industry Average 12.6 ฿23.26
-24%
Country Average 8.5 ฿15.8
-48%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
TH
Ratch Group PCL
SET:RATCH
66.3B THB 16.5 11
SA
ACWA Power Co
SAU:2082
184.5B SAR 58.2 103.5
US
Vistra Corp
NYSE:VST
50.7B USD 17.1 53
IN
NTPC Ltd
NSE:NTPC
3.5T INR 7.2 14.6
IN
Adani Power Ltd
NSE:ADANIPOWER
3T INR 13.4 26.1
CN
CGN Power Co Ltd
SZSE:003816
198B CNY 11.2 21
CN
China National Nuclear Power Co Ltd
SSE:601985
177.9B CNY 15.5 20.7
TH
Gulf Energy Development PCL
SET:GULF
743.3B THB 49.5 34.8
DE
Uniper SE
XETRA:UN0
14.7B EUR -4.9 -45.7
CN
SDIC Power Holdings Co Ltd
SSE:600886
104.3B CNY 8.3 16
US
Talen Energy Corp
NASDAQ:TLN
15.8B USD 41.7 69.2

Market Distribution

Higher than 80% of companies in Thailand
Percentile
80th
Based on 353 companies
80th percentile
16.5
Low
0.2 — 6.1
Typical Range
6.1 — 12
High
12 —
Distribution Statistics
Thailand
Min 0.2
30th Percentile 6.1
Median 8.5
70th Percentile 12
Max 13 428

Ratch Group PCL
Glance View

Market Cap
66.3B THB
Industry
Utilities

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.

RATCH Intrinsic Value
21.71 THB
Overvaluation 29%
Intrinsic Value
Price
R