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Ananda Development PCL
SET:ANAN

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Ananda Development PCL
SET:ANAN
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Price: 0.37 THB Market Closed
Market Cap: ฿1.5B

EV/EBITDA

5.8
Current
132%
Cheaper
vs 3-y median of -18.5

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
5.8
=
Enterprise Value
฿4.3B
/
EBITDA
฿714.4m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
5.8
=
Enterprise Value
฿4.3B
/
EBITDA
฿714.4m

Valuation Scenarios

Ananda Development PCL is trading below its industry average

If EV/EBITDA returns to its Industry Average (11.3), the stock would be worth ฿0.71 (93% upside from current price).

Statistics
Positive Scenarios
2/2
Maximum Downside
No Downside Scenarios
Maximum Upside
+93%
Average Upside
70%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 5.8 ฿0.37
0%
Industry Average 11.3 ฿0.71
+93%
Country Average 8.6 ฿0.54
+47%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
฿4.3B
/
Jan 2026
฿714.4m
=
5.8
Current
฿4.3B
/
Dec 2026
฿-66.3m
=
-64.3
Forward
฿4.3B
/
Dec 2027
฿122.4m
=
34.8
Forward

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

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
TH
Ananda Development PCL
SET:ANAN
1.5B THB 5.8 -6.8
US
GE Vernova LLC
NYSE:GEV
224.7B USD 0 0
UK
Eight Capital Partners PLC
F:ECS
158.4B EUR 0 0
US
China Industrial Group Inc
OTC:CIND
121B USD 3 417.4 4 020.7
NL
Nepi Rockcastle NV
JSE:NRP
98.1B ZAR 14.3 10.5
CH
Galderma Group AG
SIX:GALD
34.1B CHF 0 0
US
CoreWeave Inc
NASDAQ:CRWV
41.3B USD 0 0
US
Coupang Inc
F:788
32.2B EUR 32.7 178.4
US
Circle Internet Group Inc
NYSE:CRCL
32.2B USD 0 0
US
Symbotic Inc
NASDAQ:SYM
30.8B USD -3 817.6 -2 904.1
US
Reddit Inc
NYSE:RDDT
27.7B USD 54.8 52.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
A
Ananda Development PCL
SET:ANAN
Average EV/EBITDA: 705
5.8
N/A N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
72%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
3 417.4
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
14.3
N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
25%
N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
US
Coupang Inc
F:788
32.7
55%
0.6
US
C
Circle Internet Group Inc
NYSE:CRCL
Not Available N/A N/A
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -3 817.6 N/A N/A
US
R
Reddit Inc
NYSE:RDDT
54.8
76%
0.7
P/E Multiple
Earnings Growth PEG
TH
A
Ananda Development PCL
SET:ANAN
Average P/E: 1 065.4
Negative Multiple: -6.8
N/A N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
19%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
4 020.7
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
10.5
N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
44%
N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
US
Coupang Inc
F:788
178.4
105%
1.7
US
C
Circle Internet Group Inc
NYSE:CRCL
Not Available N/A N/A
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -2 904.1 N/A N/A
US
R
Reddit Inc
NYSE:RDDT
52.1
41%
1.3

Market Distribution

Lower than 75% of companies in Thailand
Percentile
25th
Based on 406 companies
25th percentile
5.8
Low
0.2 — 6.6
Typical Range
6.6 — 11.4
High
11.4 —
Distribution Statistics
Thailand
Min 0.2
30th Percentile 6.6
Median 8.6
70th Percentile 11.4
Max 3 584.8

Ananda Development PCL
Glance View

Market Cap
1.5B THB
Industry
N/A

Ananda Development Public Co. Ltd. engages in the development and construction of residential condominium and landed housing projects in Bangkok. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2012-12-07. The firm is principally engaged in development and sale of real estate, provision of house construction service and management of real estate development projects. Its real estate development projects include condominium projects, housing projects and townhouses in Bangkok and its vicinity. Its segments include Real estate development segment, which develops all types of real estate projects; Management of real estate development project segment, which provides management service for real estate projects, and Other segments, which include services relating to real estate brokerage, among other things. The company has developed condominium projects under Ashton, Ideo Q, Venio, Ideo Mobi, Ideo, Elio, and Unio brands. The company has developed housing and townhouses projects under Artale, Airi, Atoll, Arden, Urbanio, and Unio Town brands.

ANAN Intrinsic Value
2.58 THB
Undervaluation 86%
Intrinsic Value
Price
A
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