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Carabao Group PCL
SET:CBG

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Carabao Group PCL
SET:CBG
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Price: 36 THB -0.69% Market Closed
Market Cap: ฿36B

EV/FCFF

13.7
Current
30%
Cheaper
vs 3-y average of 19.6

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
13.7
=
Enterprise Value
฿46B
/
Free Cash Flow to Firm
฿2.6B

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
13.7
=
Enterprise Value
฿46B
/
Free Cash Flow to Firm
฿2.6B

Valuation Scenarios

Carabao Group PCL is trading below its 3-year average

If EV/FCFF returns to its 3-Year Average (19.6), the stock would be worth ฿51.42 (43% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-8%
Maximum Upside
+2 320%
Average Upside
632%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 13.7 ฿36
0%
3-Year Average 19.6 ฿51.42
+43%
5-Year Average 37.5 ฿98.16
+173%
Industry Average 332.5 ฿871.12
+2 320%
Country Average 12.6 ฿33.04
-8%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
TH
Carabao Group PCL
SET:CBG
36B THB 13.7 15.5
US
Coca-Cola Co
NYSE:KO
324.5B USD 66.6 24.8
US
PepsiCo Inc
NASDAQ:PEP
210.8B USD 27.4 24.1
MX
Fomento Economico Mexicano SAB de CV
NYSE:FMX
202.2B USD 124.4 180.8
US
Monster Beverage Corp
NASDAQ:MNST
75.2B USD 36.9 39.5
CN
Nongfu Spring Co Ltd
HKEX:9633
527.7B HKD 50.9 28.8
UK
Coca-Cola Europacific Partners PLC
NASDAQ:CCEP
43.2B USD 23.4 19.3
US
Keurig Dr Pepper Inc
NASDAQ:KDP
38.3B USD 38.9 20.9
MX
Coca-Cola Femsa SAB de CV
NYSE:KOF
21.2B USD 59.7 15.4
MX
Arca Continental SAB de CV
BMV:AC
370.2B MXN 18.1 19.3
CH
Coca Cola HBC AG
LSE:CCH
15.1B GBP 23.5 18.5

Market Distribution

In line with most companies in Thailand
Percentile
57th
Based on 323 companies
57th percentile
13.7
Low
0.2 — 8.8
Typical Range
8.8 — 17.3
High
17.3 —
Distribution Statistics
Thailand
Min 0.2
30th Percentile 8.8
Median 12.6
70th Percentile 17.3
Max 6 871.7

Carabao Group PCL
Glance View

Market Cap
36B THB
Industry
Beverages

In the bustling landscape of Thailand's beverage industry, Carabao Group PCL stands as a tenacious contender renowned for its iconic energy drink. Founded in 2001 and carrying the resilient spirit of its namesake, 'Carabao'—the water buffalo—this company blends practicality with innovation. The brainchild of entrepreneur Sathien Setthasit and folk singer Aed Carabao, the brand found its roots deeply entrenched in the lifestyle of the working class, promising vitality and endurance. Originally starting as a local brand, Carabao Group rapidly expanded beyond Thai borders, thanks to strategic marketing campaigns and international partnerships that bolstered its visibility on the global stage. Notably, the company diversified its offerings with various flavor profiles and even ventured into sponsorship deals in sports and music, amplifying its affiliation with stamina and tenacity. Carabao Group makes its financial mark primarily through robust sales of its energy beverages, dominating retail and convenience store shelves both domestically and internationally. With an extensive distribution network, the company's products are manufactured in state-of-the-art facilities designed to maintain high production standards and ensure cost-effectiveness. Beyond manufacturing, Carabao also boasts a substantial stake in logistics and packaging, illustrating strategic vertical integration that reduces operational costs and enhances profitability. Its synergies within and beyond the beverage sector illustrate a keen understanding of market demands and supply chain efficiency, carving its place as a formidable player in the competitive energy drink market. Through a calculated blend of traditional marketing and modern strategic alliances, Carabao Group consistently seeks new horizons to fuel its growth ambitions.

CBG Intrinsic Value
94.15 THB
Undervaluation 62%
Intrinsic Value
Price ฿36
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