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Ratch Group PCL
SET:RATCH

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Ratch Group PCL
SET:RATCH
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Price: 29.25 THB 0.86% Market Closed
Market Cap: ฿63.6B

EV/FCFF

13.3
Current
34%
Cheaper
vs 3-y average of 20.1

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
13.3
=
Enterprise Value
฿143.2B
/
Free Cash Flow to Firm
฿10.9B

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
13.3
=
Enterprise Value
฿143.2B
/
Free Cash Flow to Firm
฿10.9B

Valuation Scenarios

Ratch Group PCL is trading below its 3-year average

If EV/FCFF returns to its 3-Year Average (20.1), the stock would be worth ฿44.01 (50% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-5%
Maximum Upside
+50%
Average Upside
28%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 13.3 ฿29.25
0%
3-Year Average 20.1 ฿44.01
+50%
5-Year Average 20.1 ฿44.01
+50%
Industry Average 15.8 ฿34.54
+18%
Country Average 12.6 ฿27.66
-5%

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
Ratch Group PCL
SET:RATCH
63.6B THB 13.3 10.2
US
Vistra Corp
NYSE:VST
55.6B USD 574.6 73.9
SA
ACWA Power Co
SAU:2082
184.5B SAR 1 808.5 99.6
IN
Adani Power Ltd
NSE:ADANIPOWER
4.1T INR 84.2 35.7
IN
NTPC Ltd
NSE:NTPC
3.9T INR 17.4 16.2
CN
CGN Power Co Ltd
SZSE:003816
235.3B CNY -112 24.1
CN
China National Nuclear Power Co Ltd
SSE:601985
187B CNY -10.6 21.7
TH
Gulf Energy Development PCL
SET:GULF
836.6B THB -126.2 39.1
DE
Uniper SE
XETRA:UN0
17B EUR -7.8 12.2
CN
SDIC Power Holdings Co Ltd
SSE:600886
108.1B CNY 38.6 16.5
US
Talen Energy Corp
NASDAQ:TLN
16.6B USD 37.6 -76.8

Market Distribution

In line with most companies in Thailand
Percentile
56th
Based on 323 companies
56th percentile
13.3
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

Ratch Group PCL
Glance View

Market Cap
63.6B THB
Industry
Utilities

Ratch Group Public Company Limited, originally established as a subsidiary of the state-owned Electricity Generating Authority of Thailand, has transpired into one of Southeast Asia's prominent independent power producers. This evolution is rooted deeply in its strategic focus on harnessing the growing demand for energy across the region. The company generates revenue primarily by operating, developing, and investing in a diversified portfolio of power plants that include traditional thermal and hydroelectric assets, as well as renewable energy ventures such as wind and solar. Its comprehensive approach combines both conventional and green energy sources, enabling the company to adapt and thrive amidst the global transition towards sustainability. By providing stable and reliable electricity, Ratch Group ensures a steady cash flow with long-term power purchasing agreements, mostly secured with governmental and large industrial clients, thus underpinning its financial stability. In recent years, Ratch Group has strategically expanded its footprint beyond Thailand, making calculated investments into neighboring countries such as Laos, Australia, and Indonesia to capitalize on the broader regional demand for power. This expansion strategy is emblematic of its agility and vision to align with global energy trends, particularly the pivot towards renewable energy solutions. The company’s forward-looking approach is not only cemented in its diversified energy mix but also in its commitment to modernizing and optimizing its existing infrastructure, adopting advanced technological solutions to enhance operational efficiencies and performance. Even as the energy sector faces increasing pressure to adapt to environmental concerns, Ratch Group navigates these challenges by pursuing environmentally responsible projects, thereby maintaining its competitiveness and ensuring that it remains at the forefront of the industry.

RATCH Intrinsic Value
17.44 THB
Overvaluation 40%
Intrinsic Value
Price ฿29.25
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