B

BGrimm Power PCL
SET:BGRIM

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BGrimm Power PCL
SET:BGRIM
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Price: 12.2 THB Market Closed
Market Cap: ฿31.8B

EV/EBITDA

8.7
Current
9%
Cheaper
vs 3-y median of 9.6

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.7
=
Enterprise Value
฿123.9B
/
EBITDA
฿13.3B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.7
=
Enterprise Value
฿123.9B
/
EBITDA
฿13.3B

Valuation Scenarios

BGrimm Power PCL is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (9.6), the stock would be worth ฿13.38 (10% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-1%
Maximum Upside
+39%
Average Upside
15%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 8.7 ฿12.2
0%
3-Year Average 9.6 ฿13.38
+10%
5-Year Average 12.2 ฿17.02
+39%
Industry Average 9.9 ฿13.83
+13%
Country Average 8.6 ฿12.05
-1%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
฿123.9B
/
Jan 2026
฿13.3B
=
8.7
Current
฿123.9B
/
Dec 2026
฿14.5B
=
8.5
Forward
฿123.9B
/
Dec 2027
฿14.8B
=
8.3
Forward
฿123.9B
/
Dec 2028
฿13.2B
=
9.4
Forward

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

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
TH
BGrimm Power PCL
SET:BGRIM
31.8B THB 8.7 42.1
US
Vistra Corp
NYSE:VST
55.3B USD 14.5 73.5
SA
ACWA Power Co
SAU:2082
184.5B SAR 64.7 99.6
IN
NTPC Ltd
NSE:NTPC
3.8T INR 10.3 15.8
IN
Adani Power Ltd
NSE:ADANIPOWER
3.7T INR 20.5 33.4
CN
CGN Power Co Ltd
SZSE:003816
223.2B CNY 21.7 22.9
TH
Gulf Energy Development PCL
SET:GULF
862.8B THB 45.7 40.3
CN
China National Nuclear Power Co Ltd
SSE:601985
180.2B CNY 19.9 20.7
DE
Uniper SE
XETRA:UN0
16.6B EUR 7.5 11.9
US
Talen Energy Corp
NASDAQ:TLN
16.7B USD 65.8 -77
CN
SDIC Power Holdings Co Ltd
SSE:600886
106.7B CNY 12.8 16.3

Market Distribution

In line with most companies in Thailand
Percentile
51st
Based on 406 companies
51st percentile
8.7
Low
0.2 — 6.6
Typical Range
6.6 — 11.4
High
11.4 —
Distribution Statistics
Thailand
Min 0.2
30th Percentile 6.6
Median 8.6
70th Percentile 11.4
Max 3 584.8

BGrimm Power PCL
Glance View

Market Cap
31.8B THB
Industry
Utilities

BGrimm Power PCL emerged from the shadows of Thailand's industrial landscape as a pivotal player in the Southeast Asian energy sector. With roots tracing back to the 19th century in Bangkok, BGrimm originally embarked on its journey as a trading firm, gradually evolving into a powerhouse in power generation. Today, it operates a diversified portfolio of power plants, with a robust focus on natural gas, renewable energy, and combined heat and power projects. The company’s operations primarily hinge upon producing and supplying electricity to Thailand's stable yet ambitious industrial sector, serving a multitude of clients through long-term contracts. This business model not only ensures consistent revenue streams but also aligns BGrimm with sustainable development goals, as a significant portion of its investments are channeled into renewable energy projects including solar and wind. At the heart of BGrimm's strategy lies a mission to harness its engineering prowess and financial acumen to tap into the evolving energy demands of Thailand and its neighbors. The company generates income by selling electricity to both government-owned and private utilities, leveraging power purchase agreements that often extend for decades, thus guaranteeing financial stability and predictability. Furthermore, their commitment to expanding in international markets, particularly in countries with burgeoning energy needs, poises them for future growth. By steadily expanding their footprint in the region, BGrimm Power PCL not only reinforces its status in the power generation arena but also reflects a vision deeply embedded in regional collaborations and sustainable energy transformation.

BGRIM Intrinsic Value
LOCKED
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