Bangkok Expressway and Metro PCL
SET:BEM
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EV/OCF
Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.
Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.
Valuation Scenarios
If EV/OCF returns to its 3-Year Average (24.4), the stock would be worth ฿-9.19 (273% downside from current price).
| Scenario | EV/OCF Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | -14.1 | ฿5.3 |
0%
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| 3-Year Average | 24.4 | ฿-9.19 |
-273%
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| 5-Year Average | 28.5 | ฿-10.71 |
-302%
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| Industry Average | 10.2 | ฿-3.83 |
-172%
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| Country Average | 8.5 | ฿-3.21 |
-161%
|
Forward EV/OCF
Today’s price vs future operating cash flow
Peer Comparison
| Market Cap | EV/OCF | P/E | ||||
|---|---|---|---|---|---|---|
| TH |
B
|
Bangkok Expressway and Metro PCL
SET:BEM
|
79.4B THB | -14.1 | 21 | |
| AU |
|
Transurban Group
ASX:TCL
|
42.5B AUD | 37.6 | 88.1 | |
| IT |
A
|
Atlantia SpA
F:AU9
|
18.7B EUR | 8.5 | 2.7 | |
| FR |
|
Getlink SE
PAR:GET
|
10.5B EUR | 16.9 | 32.9 | |
| CN |
|
China Merchants Expressway Network Technology Holdings Co Ltd
SZSE:001965
|
59.5B CNY | 15.7 | 13.4 | |
| CN |
|
Jiangsu Expressway Co Ltd
SSE:600377
|
58B CNY | 12.7 | 12.7 | |
| MX |
|
Aleatica SAB de CV
BMV:ALEATIC
|
142B MXN | 17.6 | 7.3 | |
| MX |
|
Promotora y Operadora de Infraestructura SAB de CV
BMV:PINFRA
|
123.5B MXN | 6.7 | 8.5 | |
| CN |
|
Shandong Hi-speed Co Ltd
SSE:600350
|
48B CNY | 16.1 | 18.2 | |
| BR |
|
Motiva Infraestrutura de Mobilidade SA
BOVESPA:MOTV3
|
34B BRL | 10.7 | 10.4 | |
| CN |
Z
|
Zhejiang Expressway Co Ltd
HKEX:576
|
46B HKD | 11.7 | 7.6 |
Market Distribution
| Min | 0.2 |
| 30th Percentile | 6.1 |
| Median | 8.5 |
| 70th Percentile | 12 |
| Max | 13 428 |
Other Multiples
Bangkok Expressway and Metro PCL
Glance View
Bangkok Expressway and Metro PCL stands as a pillar in Bangkok's bustling urban landscape, orchestrating the movement of millions through its dual expertise in road and rail transit. The company was born from a merger of Bangkok Expressway and the Bangkok Metro, bringing together the operations of expressways and metro lines under one roof. This strategic integration allows it to manage and develop an extensive network of expressways and metro systems, all aimed at alleviating the infamous congestion in one of Southeast Asia’s busiest capitals. By investing in infrastructure and technology, the company endeavors to optimize Bangkok’s transportation efficiency, significantly enhancing commuter experience. Revenue flows into the company through multiple channels, primarily through toll fees from its expressways and fare collection from the metro system. The expressways serve as main arteries for vehicular traffic, providing a swift passage through and around the city for those willing to pay for convenience. Meanwhile, the metro network, which includes both underground and elevated rail lines, caters to a growing number of daily passengers opting for swift, reliable public transport. Additionally, Bangkok Expressway and Metro PCL leverages concessions and advertising opportunities within its transportation networks, diversifying its income streams while supporting its infrastructure development and service expansion projects.