B

Banpu Power PCL
SET:BPP

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Banpu Power PCL
SET:BPP
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Price: 11.5 THB -2.54% Market Closed
Market Cap: ฿35B

EV/EBIT

19.2
Current
86%
More Expensive
vs 3-y median of 10.3

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
19.2
=
Enterprise Value
฿62.6B
/
EBIT
฿3.1B

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
19.2
=
Enterprise Value
฿62.6B
/
EBIT
฿3.1B

Valuation Scenarios

Banpu Power PCL is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (10.3), the stock would be worth ฿6.19 (46% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-46%
Maximum Upside
No Upside Scenarios
Average Downside
29%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 19.2 ฿11.5
0%
3-Year Average 10.3 ฿6.19
-46%
5-Year Average 18.3 ฿10.98
-5%
Industry Average 14.1 ฿8.47
-26%
Country Average 11.7 ฿6.99
-39%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
฿62.6B
/
Jan 2026
฿3.1B
=
19.2
Current
฿62.6B
/
Dec 2026
฿2.7B
=
23.2
Forward
฿62.6B
/
Dec 2027
฿3.3B
=
19.1
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
Banpu Power PCL
SET:BPP
35B THB 19.2 11.6
US
Vistra Corp
NYSE:VST
55.3B USD 34.6 73.5
SA
ACWA Power Co
SAU:2082
184.5B SAR 80.2 99.6
IN
NTPC Ltd
NSE:NTPC
3.8T INR 15.6 15.8
IN
Adani Power Ltd
NSE:ADANIPOWER
3.7T INR 26.5 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 54.6 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 15.2 11.9
US
Talen Energy Corp
NASDAQ:TLN
16.7B USD -787.9 -77
CN
SDIC Power Holdings Co Ltd
SSE:600886
106.7B CNY 12.8 16.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
TH
B
Banpu Power PCL
SET:BPP
Average EV/EBIT: 30
19.2
N/A N/A
US
Vistra Corp
NYSE:VST
34.6
42%
0.8
SA
ACWA Power Co
SAU:2082
80.2
43%
1.9
IN
NTPC Ltd
NSE:NTPC
15.6
8%
2
IN
Adani Power Ltd
NSE:ADANIPOWER
26.5
12%
2.2
CN
CGN Power Co Ltd
SZSE:003816
21.7
16%
1.4
TH
G
Gulf Energy Development PCL
SET:GULF
54.6
11%
5
CN
China National Nuclear Power Co Ltd
SSE:601985
19.9
7%
2.8
DE
Uniper SE
XETRA:UN0
15.2
3%
5.1
US
Talen Energy Corp
NASDAQ:TLN
Negative Multiple: -787.9 N/A N/A
CN
SDIC Power Holdings Co Ltd
SSE:600886
12.8
1%
12.8

Market Distribution

Higher than 77% of companies in Thailand
Percentile
77th
Based on 357 companies
77th percentile
19.2
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

Banpu Power PCL
Glance View

Market Cap
35B THB
Industry
Utilities

In the bustling realm of Southeast Asia's energy sector, Banpu Power Public Company Limited stands as a formidable player. A subsidiary of the diversified energy conglomerate Banpu Public Company Limited, Banpu Power has carved out its niche by integrating both conventional and renewable energy sources. The company operates a robust portfolio of power plants, primarily focused on fossil-fuel-based energy like coal and natural gas. These traditional power generation assets form the backbone of the company's revenue stream, leveraging established energy grids to meet the surging demands of rapidly industrializing economies across Thailand, China, Japan, and beyond. However, Banpu Power's approach is not solely anchored in the past. In recent years, they have embarked on an ambitious journey towards sustainability, embracing the global shift toward renewable energy. Investments have surged into wind and solar ventures, signifying a strategic pivot towards cleaner, greener power solutions. The company is striking a balance between harnessing proven energy sources and innovating for the future, embodying a dual approach that not only satisfies current energy needs but also aligns with regional and international sustainability agendas. By doing so, Banpu Power not only generates revenue from its diverse energy portfolio but also positions itself as a forward-thinking entity catering to the evolving energy market demands.

BPP Intrinsic Value
LOCKED
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