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True Corporation PCL
SET:TRUE

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True Corporation PCL
SET:TRUE
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Price: 14.3 THB -0.69%
Market Cap: ฿494.1B

EV/EBIT

25
Current
9%
Cheaper
vs 3-y median of 27.5

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
25
=
Enterprise Value
฿833.8B
/
EBIT
฿33.1B

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
25
=
Enterprise Value
฿833.8B
/
EBIT
฿33.1B

Valuation Scenarios

True Corporation PCL is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (27.5), the stock would be worth ฿15.74 (10% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-53%
Maximum Upside
+10%
Average Downside
13%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 25 ฿14.3
0%
3-Year Average 27.5 ฿15.74
+10%
5-Year Average 27.5 ฿15.74
+10%
Industry Average 20.3 ฿11.62
-19%
Country Average 11.7 ฿6.68
-53%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
฿833.8B
/
Jan 2026
฿33.1B
=
25
Current
฿833.8B
/
Dec 2026
฿45.1B
=
18.5
Forward
฿833.8B
/
Dec 2027
฿49.6B
=
16.8
Forward
฿833.8B
/
Dec 2028
฿54.6B
=
15.3
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
True Corporation PCL
SET:TRUE
494.1B THB 25 53.8
US
Verizon Communications Inc
NYSE:VZ
191.5B USD 9.6 11.1
US
AT&T Inc
NYSE:T
180.2B USD 11.5 8.2
DE
Deutsche Telekom AG
XETRA:DTE
140.8B EUR 9.6 14.5
JP
Nippon Telegraph and Telephone Corp
TSE:9432
12.6T JPY 10.3 11.7
CN
China Telecom Corp Ltd
SSE:601728
530.7B CNY 11.6 16
SG
Singapore Telecommunications Ltd
SGX:Z74
80.4B SGD 60.2 13
FR
Orange SA
PAR:ORA
47B EUR 17.2 86.6
SA
Saudi Telecom Company SJSC
SAU:7010
189.1B SAR 12.9 12.8
AU
Telstra Group Ltd
F:5KB
37.9B EUR 21 27.9
CH
Swisscom AG
SIX:SCMN
34.2B CHF 24.3 27.2

Market Distribution

Higher than 83% of companies in Thailand
Percentile
83rd
Based on 357 companies
83rd percentile
25
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

True Corporation PCL
Glance View

Market Cap
494.1B THB
Industry
Telecommunication

True Corporation PCL, a prominent player in Thailand's telecommunications and digital landscape, stands as a testament to strategic diversification and innovation in a rapidly evolving industry. Born from a merger of major telecom players, True has built a formidable presence in multiple facets of connectivity and media. The company operates a comprehensive suite of businesses that encompass mobile, broadband, and digital television services. At the heart of its operations lies a vast mobile network, serving millions of subscribers with both pre-paid and post-paid plans that cater to diverse customer needs. This mobile network acts as a critical revenue stream, propelling the company forward in an intensely competitive market. Beyond mobile telecommunications, True Corporation has effectively capitalized on Thailand's growing demand for high-speed internet by expanding its broadband services. Leveraging cutting-edge technology, True’s broadband offerings ensure seamless connectivity for both urban and rural areas, thereby broadening their market reach. Additionally, the company's ventures into digital television and content distribution bolster its revenue through advertising and subscription models. By intertwining these services, True not only maximizes revenue through synergistic approaches but also enhances customer loyalty by offering bundled packages that seamlessly integrate communication, entertainment, and information. This strategy of interconnected services positions True Corporation as a vital contributor to Thailand's digital economy, perpetuating its growth in an ever-changing technological landscape.

TRUE Intrinsic Value
15.52 THB
Undervaluation 8%
Intrinsic Value
Price ฿14.3
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