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Asset World Corp PCL
SET:AWC

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Asset World Corp PCL
SET:AWC
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Price: 2.22 THB Market Closed
Market Cap: ฿71.1B

EV/EBIT

31.3
Current
27%
Cheaper
vs 3-y average of 42.8

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.

EV/EBIT
31.3
=
Enterprise Value
฿133.6B
/
EBIT
฿4.2B

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.

EV/EBIT
31.3
=
Enterprise Value
฿133.6B
/
EBIT
฿4.2B

Valuation Scenarios

Asset World Corp PCL is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (42.8), the stock would be worth ฿3.04 (37% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-63%
Maximum Upside
+37%
Average Downside
18%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 31.3 ฿2.22
0%
3-Year Average 42.8 ฿3.04
+37%
5-Year Average 34.4 ฿2.44
+10%
Industry Average 13.3 ฿0.94
-58%
Country Average 11.7 ฿0.83
-63%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
฿133.6B
/
Jan 2026
฿4.2B
=
31.3
Current
฿133.6B
/
Dec 2026
฿5B
=
26.7
Forward
฿133.6B
/
Dec 2027
฿5.8B
=
23.2
Forward
฿133.6B
/
Dec 2028
฿6.8B
=
19.6
Forward

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

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
TH
Asset World Corp PCL
SET:AWC
71.1B THB 31.3 11.1
CN
H World Group Ltd
BMV:HTHTN
2.7T MXN 152.2 206.7
US
Booking Holdings Inc
NASDAQ:BKNG
153.1B USD 16.1 28.3
US
Marriott International Inc
NASDAQ:MAR
100.7B USD 27.6 38.7
US
Airbnb Inc
NASDAQ:ABNB
87.7B USD 29.5 35
US
Hilton Worldwide Holdings Inc
NYSE:HLT
79B USD 33.6 54.2
US
Royal Caribbean Cruises Ltd
NYSE:RCL
76.3B USD 19.1 17.9
US
Carnival Corp
NYSE:CCL
40.2B USD 13.8 13
UK
Carnival PLC
LSE:CCL
27.9B GBP 13.1 13.4
US
Viking Holdings Ltd
NYSE:VIK
38.4B USD 0 0
CN
Trip.com Group Ltd
HKEX:9961
279.5B HKD 11.1 7.3

Market Distribution

Higher than 89% of companies in Thailand
Percentile
89th
Based on 357 companies
89th percentile
31.3
Low
0.4 — 8.7
Typical Range
8.7 — 15.7
High
15.7 —
Distribution Statistics
Thailand
Min 0.4
30th Percentile 8.7
Median 11.7
70th Percentile 15.7
Max 2 524.8

Asset World Corp PCL
Glance View

Asset World Corp PCL, a prominent player in the Thai real estate market, artfully orchestrates a diverse portfolio spanning hospitality, retail, and commercial segments. Established under the vast empire of TCC Group, the company has emerged as a key driver in transforming Thailand's urban landscapes. With an array of luxury and lifestyle hotels, shopping destinations, and office spaces, Asset World Corp has strategically positioned itself to tap into the nation's burgeoning tourism sector and the rising demand for premium lifestyle experiences. By cultivating iconic properties in prime locations, it capitalizes on steady income streams from its hospitality ventures, while the retail and office properties complement this with consistent lease revenue, offering a well-rounded business model. The company's growth journey is deeply intertwined with an emphasis on sustainable development and innovation. Asset World Corp advances its business by developing properties that not only align with consumer trends but also embrace the principles of environmental stewardship and cutting-edge design. This forward-thinking approach ensures a competitive edge and resonates well with a broad spectrum of stakeholders, from investors to tenants. The firm’s real estate strategy is underpinned by a robust investment in infrastructure and design excellence, ensuring that each property not only meets but exceeds market expectations. As Thailand continues to allure international business and tourism, Asset World Corp positions itself as a pivotal contributor to the country’s economic landscape, driving growth through creative and strategic real estate development.

AWC Intrinsic Value
2.15 THB
Overvaluation 3%
Intrinsic Value
Price ฿2.22
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