S

S Hotels and Resorts PCL
SET:SHR

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S Hotels and Resorts PCL
SET:SHR
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Price: 1.68 THB -1.75% Market Closed
Market Cap: ฿6B

EV/EBIT

-27.8
Current
304%
Cheaper
vs 3-y median of 13.6

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
-27.8
=
Enterprise Value
฿17B
/
EBIT
฿-631.8m

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
-27.8
=
Enterprise Value
฿17B
/
EBIT
฿-631.8m

Valuation Scenarios

S Hotels and Resorts PCL is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (13.6), the stock would be worth ฿-0.82 (149% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-149%
Maximum Upside
No Upside Scenarios
Average Downside
146%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple -27.8 ฿1.68
0%
3-Year Average 13.6 ฿-0.82
-149%
5-Year Average 13 ฿-0.79
-147%
Industry Average 13.3 ฿-0.8
-148%
Country Average 11.7 ฿-0.71
-142%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
฿17B
/
Jan 2026
฿-631.8m
=
-27.8
Current
฿17B
/
Dec 2026
฿1.5B
=
11.6
Forward
฿17B
/
Dec 2027
฿1.6B
=
10.9
Forward
฿17B
/
Dec 2028
฿1.7B
=
10
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
Market Cap EV/EBIT P/E
TH
S Hotels and Resorts PCL
SET:SHR
6B THB -27.8 -3.8
CN
H World Group Ltd
BMV:HTHTN
2.7T MXN 152.2 206.7
US
Booking Holdings Inc
NASDAQ:BKNG
147.2B USD 16 28.2
US
Marriott International Inc
NASDAQ:MAR
96.4B USD 27.4 38.4
US
Airbnb Inc
NASDAQ:ABNB
84.2B USD 29 34.5
US
Hilton Worldwide Holdings Inc
NYSE:HLT
76.1B USD 33.4 53.9
US
Royal Caribbean Cruises Ltd
NYSE:RCL
71.9B USD 19.4 18.3
US
Carnival Corp
NYSE:CCL
37.8B USD 13.9 13.2
UK
Carnival PLC
LSE:CCL
28.6B GBP 13.3 13.7
CN
Trip.com Group Ltd
HKEX:9961
281.2B HKD 11.3 7.4
US
Viking Holdings Ltd
NYSE:VIK
35.8B USD 0 0
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
TH
S
S Hotels and Resorts PCL
SET:SHR
Average EV/EBIT: 35.1
Negative Multiple: -27.8
N/A N/A
CN
H
H World Group Ltd
BMV:HTHTN
152.2
N/A N/A
US
Booking Holdings Inc
NASDAQ:BKNG
16
11%
1.5
US
Marriott International Inc
NASDAQ:MAR
27.4
12%
2.3
US
Airbnb Inc
NASDAQ:ABNB
29
20%
1.5
US
Hilton Worldwide Holdings Inc
NYSE:HLT
33.4
17%
2
US
Royal Caribbean Cruises Ltd
NYSE:RCL
19.4
13%
1.5
US
Carnival Corp
NYSE:CCL
13.9
6%
2.3
UK
Carnival PLC
LSE:CCL
13.3
8%
1.7
CN
Trip.com Group Ltd
HKEX:9961
11.3
19%
0.6
US
V
Viking Holdings Ltd
NYSE:VIK
Not Available
17%
N/A

Market Distribution

Lower than 100% of companies in Thailand
Percentile
0th
Based on 357 companies
0th percentile
-27.8
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

S Hotels and Resorts PCL
Glance View

S Hotels & Resorts Public Co., Ltd. is a holding company, which engages in the management of hotels, resorts, and investments in international locations. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2019-11-12. The Company’s segments include Hospitality business - Own Operate (Thailand, Republic of Maldives), Hospitality business - Outrigger (Republic of Mauritius, Republic of Fiji), Hospitality business - Crossroad (Republic of Maldives), Hospitality business - UK and Others. The company operates approximately 38 hotels and resorts, including the Self-Managed Hotels, Outrigger Hotels, Project CROSSROADS Phase I Hotels, United Kingdom Portfolio Hotels and Joint Ventures Hotels with the total of approximately 4,522 rooms. Its brands include Mercure, Holiday Inn, Santiburi Koh Samui, SAii, Curio Collection by Hilton, Hard Rock, Outrigger and SO/. Its hotels and resorts include Santiburi Koh Samui, SAii Phi Phi Island Village, SAii Laguna Phuket, SAii Koh Samui Choengmon, Kanotta Maldives Resort, Outrigger Fiji Beach Resort, Castaway Island, and others.

SHR Intrinsic Value
3.83 THB
Undervaluation 56%
Intrinsic Value
Price ฿1.68
S
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