R

Ratch Group PCL
SET:RATCH

Watchlist Manager
Ratch Group PCL
SET:RATCH
Watchlist
Price: 29.5 THB Market Closed
Market Cap: ฿64.2B

EV/S

5.4
Current
33%
More Expensive
vs 3-y average of 4

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
5.4
=
Enterprise Value
฿143.2B
/
Revenue
฿27.1B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
5.4
=
Enterprise Value
฿143.2B
/
Revenue
฿27.1B

Valuation Scenarios

Ratch Group PCL is trading above its 3-year average

If EV/S returns to its 3-Year Average (4), the stock would be worth ฿22.11 (25% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-66%
Maximum Upside
No Upside Scenarios
Average Downside
43%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 5.4 ฿29.5
0%
3-Year Average 4 ฿22.11
-25%
5-Year Average 3 ฿16.3
-45%
Industry Average 3.5 ฿19.06
-35%
Country Average 1.8 ฿10.03
-66%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
฿143.2B
/
Jan 2026
฿27.1B
=
5.4
Current
฿143.2B
/
Dec 2026
฿36.2B
=
4
Forward
฿143.2B
/
Dec 2027
฿26.8B
=
5.3
Forward
฿143.2B
/
Dec 2028
฿32.6B
=
4.4
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
TH
Ratch Group PCL
SET:RATCH
64.2B THB 5.4 10.3
US
Vistra Corp
NYSE:VST
52.4B USD 4 69.6
SA
ACWA Power Co
SAU:2082
184.5B SAR 27.7 99.6
IN
Adani Power Ltd
NSE:ADANIPOWER
3.9T INR 7.7 34.1
IN
NTPC Ltd
NSE:NTPC
3.9T INR 3 15.9
CN
CGN Power Co Ltd
SZSE:003816
226.7B CNY 6 23.6
TH
Gulf Energy Development PCL
SET:GULF
877.7B THB 9.2 41
CN
China National Nuclear Power Co Ltd
SSE:601985
180.4B CNY 7.1 21.3
DE
Uniper SE
XETRA:UN0
17.3B EUR 0.2 12.5
US
Talen Energy Corp
NASDAQ:TLN
15.1B USD 8.2 -69.5
CN
SDIC Power Holdings Co Ltd
SSE:600886
107.3B CNY 4.3 16.7

Market Distribution

Higher than 83% of companies in Thailand
Percentile
83rd
Based on 392 companies
83rd percentile
5.4
Low
0 — 1
Typical Range
1 — 3.1
High
3.1 —
Distribution Statistics
Thailand
Min 0
30th Percentile 1
Median 1.8
70th Percentile 3.1
Max 309.3

Ratch Group PCL
Glance View

Market Cap
64.2B 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 41%
Intrinsic Value
Price ฿29.5
R
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett