C

CH Karnchang PCL
SET:CK

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CH Karnchang PCL
SET:CK
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Price: 16.6 THB 1.84%
Market Cap: ฿28.1B

EV/EBITDA

12.5
Current
67%
Cheaper
vs 3-y median of 37.4

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
12.5
=
Enterprise Value
฿52.2B
/
EBITDA
฿4.4B

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
12.5
=
Enterprise Value
฿52.2B
/
EBITDA
฿4.4B

Valuation Scenarios

CH Karnchang PCL is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (37.4), the stock would be worth ฿49.7 (199% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-31%
Maximum Upside
+288%
Average Upside
107%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 12.5 ฿16.6
0%
3-Year Average 37.4 ฿49.7
+199%
5-Year Average 48.5 ฿64.43
+288%
Industry Average 9.1 ฿12.09
-27%
Country Average 8.6 ฿11.45
-31%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
฿52.2B
/
Jan 2026
฿4.4B
=
12.5
Current
฿52.2B
/
Dec 2026
฿3B
=
17.4
Forward
฿52.2B
/
Dec 2027
฿2.8B
=
18.4
Forward
฿52.2B
/
Dec 2028
฿3B
=
17.5
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
CH Karnchang PCL
SET:CK
27.9B THB 12.5 8.4
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 10.9 19.9
FR
Vinci SA
PAR:DG
75.4B EUR 6.7 15.2
US
Quanta Services Inc
NYSE:PWR
87.6B USD 37.6 85.3
IN
Larsen & Toubro Ltd
NSE:LT
5.4T INR 20.1 33.4
US
Comfort Systems USA Inc
NYSE:FIX
56B USD 37.8 54.8
IN
Larsen and Toubro Ltd
F:LTO
47.6B EUR 18.9 31.3
NL
Ferrovial SE
AEX:FER
43.9B EUR 34.1 48.6
ES
Ferrovial SA
MAD:FER
43.8B EUR 34 48.5
DE
Hochtief AG
XETRA:HOT
34B EUR 12.6 37.7
ES
ACS Actividades de Construccion y Servicios SA
MAD:ACS
31.3B EUR 17.4 32.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
C
CH Karnchang PCL
SET:CK
Average EV/EBITDA: 22.1
12.5
-12%
N/A
JP
Sumitomo Densetsu Co Ltd
TSE:1949
10.9
N/A N/A
FR
Vinci SA
PAR:DG
6.7
5%
1.3
US
Quanta Services Inc
NYSE:PWR
37.6
22%
1.7
IN
Larsen & Toubro Ltd
NSE:LT
20.1
18%
1.1
US
Comfort Systems USA Inc
NYSE:FIX
37.8
16%
2.4
IN
Larsen and Toubro Ltd
F:LTO
18.9
18%
1.1
NL
Ferrovial SE
AEX:FER
34.1
10%
3.4
ES
Ferrovial SA
MAD:FER
34
10%
3.4
DE
H
Hochtief AG
XETRA:HOT
12.6
4%
3.2
ES
ACS Actividades de Construccion y Servicios SA
MAD:ACS
17.4
19%
0.9

Market Distribution

Higher than 73% of companies in Thailand
Percentile
73nd
Based on 406 companies
73nd percentile
12.5
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

CH Karnchang PCL
Glance View

Market Cap
28.1B THB
Industry
Construction

CH.Karnchang Public Co. Ltd. engages in the provision of general construction services. The company is headquartered in Bangkok, Bangkok Metropolis. Karnchang Public Company Limited is a Thailand-based company, which is engaged in construction and provision of related services and investment in infrastructure. The firm is operating the primary business of construction by accepting engagements from government agencies, state enterprises and private entities, in the form of contractor or sub-contractor, and in collaboration with foreign contractor companies in the form of joint ventures for construction project. The Company’s construction business includes mass rapid transit systems, airports, roads and expressways, energy, water supply and harbor, and building. The firm invests in regional infrastructure project development business, such as transportation system, mass rapid transit system, water infrastructure system, and energy system. Its subsidiaries include CH. Karnchang Real Estate Co., Ltd., CH. Karnchang-Tokyu Construction Co., Ltd., and CH. Karnchang (Lao) Co., Ltd.

CK Intrinsic Value
25.82 THB
Undervaluation 36%
Intrinsic Value
Price ฿16.6
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