Siam Makro PCL
SET:MAKRO
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its Industry Average (16.4), the stock would be worth ฿-44.65 (224% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | -13.3 | ฿36 |
0%
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| Industry Average | 16.4 | ฿-44.65 |
-224%
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| Country Average | 13.4 | ฿-36.51 |
-201%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| TH |
S
|
Siam Makro PCL
SET:MAKRO
|
380.9B THB | -13.3 | 49.5 | |
| US |
|
Walmart Inc
NASDAQ:WMT
|
1.1T USD | 53.1 | 48 | |
| US |
|
Costco Wholesale Corp
NASDAQ:COST
|
450.1B USD | 50.7 | 52.7 | |
| MX |
|
Wal Mart de Mexico SAB de CV
BMV:WALMEX
|
953.9B MXN | 32 | 19.2 | |
| JP |
|
Aeon Co Ltd
TSE:8267
|
4.2T JPY | 4.9 | 57.5 | |
| AU |
|
Coles Group Ltd
ASX:COL
|
29.7B AUD | 27.9 | 30.3 | |
| FR |
|
Carrefour SA
PAR:CA
|
12B EUR | 20.2 | 37.6 | |
| US |
|
BJ's Wholesale Club Holdings Inc
NYSE:BJ
|
12.2B USD | 44 | 21 | |
| US |
|
PriceSmart Inc
NASDAQ:PSMT
|
4.8B USD | 37.9 | 31.7 | |
| BR |
|
Atacadao SA
BOVESPA:CRFB3
|
17.9B BRL | -6.7 | 9.2 | |
| MX |
|
Organizacion Soriana SAB de CV
BMV:SORIANAB
|
60B MXN | 36.4 | 18.1 |
Market Distribution
| Min | 0.1 |
| 30th Percentile | 8.8 |
| Median | 13.4 |
| 70th Percentile | 20 |
| Max | 1 747 |
Other Multiples
Siam Makro PCL
Glance View
Siam Makro Public Company Limited, often recognized simply as Makro, stands as a pivotal player in Thailand’s wholesale market. Established in 1988, Makro has carved out a formidable niche by focusing on a business model that caters primarily to professional customers such as small and medium-sized enterprises, retailers, hotels, and restaurants. The company operates under a cash-and-carry format, which allows business customers to buy products in bulk at competitive prices. This model is instrumental in reducing operational costs, translating into price benefits that are passed on to customers. The company offers an extensive range of products including groceries, fresh food, household items, and non-food products, thereby providing a one-stop solution for businesses seeking to restock efficiently and economically. Makro’s focus on meeting the needs of its diverse clientele has enabled it to expand its network of stores strategically across Thailand and even venture into other Southeast Asian markets. The company leverages its scale and logistics capabilities to maintain cost-effectiveness and operational efficiency. This logistical prowess, combined with a customer-centric approach, helps in maintaining high inventory turnover, a critical factor for profitability in the wholesale industry. Furthermore, Makro’s engagement with its customers goes beyond transactional interactions, as it frequently provides value-added services such as business seminars and culinary workshops, reinforcing customer loyalty and enhancing brand value. By continuously adapting to the evolving business landscape and maintaining a keen focus on customer needs, Siam Makro ensures its print on the economic tapestry of the regions it serves.