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INET Leasehold Real Estate Investment
SET:INETREIT

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INET Leasehold Real Estate Investment
SET:INETREIT
Watchlist
Price: 12.2 THB
Market Cap: ฿9B

EV/EBIT

16.2
Current
49%
More Expensive
vs 3-y average of 10.8

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
16.2
=
Enterprise Value
฿10.5B
/
EBIT
฿643.6m

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
16.2
=
Enterprise Value
฿10.5B
/
EBIT
฿643.6m

Valuation Scenarios

INET Leasehold Real Estate Investment is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (10.8), the stock would be worth ฿8.17 (33% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-33%
Maximum Upside
No Upside Scenarios
Average Downside
26%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 16.2 ฿12.2
0%
3-Year Average 10.8 ฿8.17
-33%
5-Year Average 10.8 ฿8.17
-33%
Industry Average 14.3 ฿10.8
-11%
Country Average 11.7 ฿8.81
-28%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
฿10.5B
/
Jan 2026
฿643.6m
=
16.2
Current
฿10.5B
/
Dec 2026
฿858.5m
=
12.2
Forward
฿10.5B
/
Dec 2027
฿867.3m
=
12.1
Forward
฿10.5B
/
Dec 2028
฿870.4m
=
12
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
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
TH
I
INET Leasehold Real Estate Investment
SET:INETREIT
Average EV/EBIT: 740.4
16.2
11%
1.5
US
G
GE Vernova LLC
NYSE:GEV
Not Available
93%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
3 537.2
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
14.4
N/A N/A
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
Negative Multiple: -18 057 N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
37%
N/A
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -762.9 N/A N/A
US
Coupang Inc
F:788
70.7
75%
0.9
US
R
Reddit Inc
NYSE:RDDT
63.6
59%
1.1
P/E Multiple
Earnings Growth PEG
TH
I
INET Leasehold Real Estate Investment
SET:INETREIT
Average P/E: 7 141.9
16.6
14%
1.2
US
G
GE Vernova LLC
NYSE:GEV
Not Available
19%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
4 020.7
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
10.6
1%
10.6
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
38 562.1
N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
47%
N/A
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -3 571.1 N/A N/A
US
Coupang Inc
F:788
183.4
96%
1.9
US
R
Reddit Inc
NYSE:RDDT
57.8
41%
1.4

Market Distribution

Higher than 71% of companies in Thailand
Percentile
71st
Based on 357 companies
71st percentile
16.2
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

INET Leasehold Real Estate Investment
Glance View

Market Cap
9B THB
Industry
N/A

INET Leasehold Real Estate Investment Trust is a trust, which engages in real estate business. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2021-08-09. The Trust’s objectives are to mobilize funds raised from general investors and from loan from financial institution for initial investment in INET Data Center 3 Phase I (INET-IDC3 Phase I) in the form of ownership of buildings and equipment related to the operations of the data center. INET-IDC3 Phase I is located in Kaeng Khoi, Saraburi on leased land with a long-term lease. The Trust is managed by INET REIT Management Co., Ltd. (the trust manager) and Kasikorn Asset Management Company Limited is the trustee.

INETREIT Intrinsic Value
11.92 THB
Overvaluation 2%
Intrinsic Value
Price ฿12.2
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