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Ratch Group PCL
SET:RATCH

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Ratch Group PCL
SET:RATCH
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Price: 29 THB -1.69% Market Closed
Market Cap: ฿63.1B

P/FCFE

11.3
Current
49%
More Expensive
vs 3-y average of 7.6

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
11.3
=
Market Cap
฿61.4B
/
Free Cash Flow to Equity
฿5.6B

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
11.3
=
Market Cap
฿61.4B
/
Free Cash Flow to Equity
฿5.6B

Valuation Scenarios

Ratch Group PCL is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (7.6), the stock would be worth ฿19.45 (33% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-39%
Maximum Upside
+19%
Average Downside
16%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 11.3 ฿29
0%
3-Year Average 7.6 ฿19.45
-33%
5-Year Average 6.9 ฿17.82
-39%
Industry Average 9.8 ฿25.18
-13%
Country Average 13.4 ฿34.5
+19%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
TH
Ratch Group PCL
SET:RATCH
63.1B THB 11.3 10.1
US
Vistra Corp
NYSE:VST
53B USD 36.5 70.5
SA
ACWA Power Co
SAU:2082
184.5B SAR 122.6 99.6
IN
Adani Power Ltd
NSE:ADANIPOWER
4.1T INR 20.8 35.3
IN
NTPC Ltd
NSE:NTPC
3.9T INR 10 16.1
CN
CGN Power Co Ltd
SZSE:003816
235.3B CNY 8.6 24.1
CN
China National Nuclear Power Co Ltd
SSE:601985
187B CNY 13.6 21.7
TH
Gulf Energy Development PCL
SET:GULF
840.4B THB 64.1 39.3
DE
Uniper SE
XETRA:UN0
17.4B EUR -9.3 12.5
CN
SDIC Power Holdings Co Ltd
SSE:600886
108.1B CNY 6.9 16.5
US
Talen Energy Corp
NASDAQ:TLN
15.8B USD 3.8 -72.8

Market Distribution

In line with most companies in Thailand
Percentile
40th
Based on 285 companies
40th percentile
11.3
Low
0.1 — 8.8
Typical Range
8.8 — 20
High
20 —
Distribution Statistics
Thailand
Min 0.1
30th Percentile 8.8
Median 13.4
70th Percentile 20
Max 1 747

Ratch Group PCL
Glance View

Market Cap
63.1B 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
17.44 THB
Overvaluation 40%
Intrinsic Value
Price ฿29
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