I

Indorama Ventures PCL
SET:IVL

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Indorama Ventures PCL
SET:IVL
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Price: 23.9 THB -1.65% Market Closed
Market Cap: ฿134.2B

EV/EBITDA

11.7
Current
41%
More Expensive
vs 3-y average of 8.3

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
11.7
=
Enterprise Value
฿319.3B
/
EBITDA
฿29.7B

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
11.7
=
Enterprise Value
฿319.3B
/
EBITDA
฿29.7B

Valuation Scenarios

Indorama Ventures PCL is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (8.3), the stock would be worth ฿16.93 (29% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-38%
Maximum Upside
No Upside Scenarios
Average Downside
31%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 11.7 ฿23.9
0%
3-Year Average 8.3 ฿16.93
-29%
5-Year Average 8.1 ฿16.6
-31%
Industry Average 7.2 ฿14.79
-38%
Country Average 8.6 ฿17.66
-26%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
฿319.3B
/
Jan 2026
฿29.7B
=
11.7
Current
฿319.3B
/
Dec 2026
฿45.7B
=
7
Forward
฿319.3B
/
Dec 2027
฿48.3B
=
6.6
Forward
฿319.3B
/
Dec 2028
฿49B
=
6.5
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
P/E Multiple
Earnings Growth PEG
TH
I
Indorama Ventures PCL
SET:IVL
Average P/E: 80.7
Negative Multiple: -16.2
N/A N/A
SA
Saudi Basic Industries Corporation SJSC
SAU:2010
Negative Multiple: -8.8 N/A N/A
ID
Chandra Asri Pacific PT Tbk
OTC:PTPIF
41.8
N/A N/A
ID
Chandra Asri Petrochemical Tbk PT
IDX:TPIA
29.2
N/A N/A
US
Dow Inc
NYSE:DOW
Negative Multiple: -10.4 N/A N/A
CN
Hengli Petrochemical Co Ltd
SSE:600346
23.7
N/A N/A
TW
Nan Ya Plastics Corp
TWSE:1303
153.9
138%
1.1
UK
LyondellBasell Industries NV
NYSE:LYB
Negative Multiple: -30.6 N/A N/A
KR
LG Chem Ltd
KRX:051910
Negative Multiple: -16.6 N/A N/A
CN
Rongsheng Petrochemical Co Ltd
SZSE:002493
161.7
82%
2
CN
G
Guangzhou Tinci Materials Technology Co Ltd
SZSE:002709
74.1
92%
0.8

Market Distribution

Higher than 71% of companies in Thailand
Percentile
71th
Based on 406 companies
71th percentile
11.7
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

Indorama Ventures PCL
Glance View

Market Cap
134.2B THB
Industry
Chemicals

Indorama Ventures PCL stands as a formidable entity in the global chemical industry, weaving a narrative of strategic growth and diversification that reflects its ambitious trajectory. Originating from its headquarters in Thailand, Indorama Ventures has cemented its reputation through expansive operations in the areas of polyethylene terephthalate (PET), integrated oxide and derivatives (IOD), and fibers. At the core of its business model lies the formidable production and distribution of PET, the material widely used in packaging, from soda bottles to food containers. By leveraging an integrated supply chain, the company transforms raw materials like purified terephthalic acid (PTA) and monoethylene glycol (MEG) into finished PET products, enabling it to capture value at various stages of the production process. Driving its financial engine is a well-orchestrated global footprint that ensures robust revenue streams and risk diversification. With plants strategically located across different continents, Indorama Ventures capitalizes on regional market demands while mitigating geopolitical risks. Moreover, the company's expansion into fibers enhances its portfolio, reaching into automotive, hygiene, and apparel markets. Through such diversified revenue sources, Indorama Ventures not only mitigates industry cyclicality but also taps into global trends, such as increasing demand for recyclable packaging and sustainable fiber solutions. As the company continues to innovate and adapt within its sectors, its agile approach ensures sustainable growth, firmly anchoring its position in the competitive landscape of the chemical industry.

IVL Intrinsic Value
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