I

IMPACT Growth Real Estate Investment Trust
SET:IMPACT

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IMPACT Growth Real Estate Investment Trust
SET:IMPACT
Watchlist
Price: 10.8 THB Market Closed
Market Cap: ฿16B

EV/EBITDA

15.6
Current
11%
Cheaper
vs 3-y median of 17.5

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
15.6
=
Enterprise Value
฿20.3B
/
EBITDA
฿1.3B

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
15.6
=
Enterprise Value
฿20.3B
/
EBITDA
฿1.3B

Valuation Scenarios

IMPACT Growth Real Estate Investment Trust is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (17.5), the stock would be worth ฿12.14 (12% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-45%
Maximum Upside
+35%
Average Downside
6%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 15.6 ฿10.8
0%
3-Year Average 17.5 ฿12.14
+12%
5-Year Average 21 ฿14.57
+35%
Industry Average 11.3 ฿7.82
-28%
Country Average 8.6 ฿5.96
-45%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
฿20.3B
/
Jan 2026
฿1.3B
=
15.6
Current
฿20.3B
/
Mar 2026
฿1.2B
=
17.1
Forward
฿20.3B
/
Mar 2027
฿1.2B
=
16.5
Forward
฿20.3B
/
Mar 2028
฿1.3B
=
15.8
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
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
I
IMPACT Growth Real Estate Investment Trust
SET:IMPACT
Average EV/EBITDA: 698.9
15.6
4%
3.9
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
N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
25%
N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available
107%
N/A
US
Coupang Inc
F:788
30.8
55%
0.6
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -3 633.3 N/A N/A
US
C
Circle Internet Group Inc
NYSE:CRCL
Not Available N/A N/A
ZA
V
Vukile Property Fund Ltd
JSE:VKE
16.8
12%
1.4
P/E Multiple
Earnings Growth PEG
TH
I
IMPACT Growth Real Estate Investment Trust
SET:IMPACT
Average P/E: 844
13.2
2%
6.6
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
10.2
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
169.4
105%
1.6
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -2 771.9 N/A N/A
US
C
Circle Internet Group Inc
NYSE:CRCL
Not Available N/A N/A
ZA
V
Vukile Property Fund Ltd
JSE:VKE
6.4
-5%
N/A

Market Distribution

Higher than 79% of companies in Thailand
Percentile
79th
Based on 406 companies
79th percentile
15.6
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

IMPACT Growth Real Estate Investment Trust
Glance View

Market Cap
16B THB
Industry
N/A

IMPACT Growth Real Estate Investment Trust operates as a real estate investment trust, which invests freehold assets of IMPACT Muang Thong Thani projects including IMPACT Arena, IMPACT Challenger, IMPACT Forum and IMPACT Exhibition Center. The company is headquartered in Pak Kret, Nonthaburi. The company went IPO on 2014-10-01. The Trust's objectives include Issue securities as trust unit of real estate investment trust (REIT) and offer for sale of trust units to the public; and Register trust unit in the Stock Exchange of Thailand (SET). The trust has invested the fund received from trust unit sold in its main asset, RMI Co., Ltd. (REIT manager) and IMPACT Exhibition Management Co., Ltd. The trust invested in assets is the ownership of the land, building, and facility systems in which the trust can procure the commercial benefits by making an agreement of lease and/or lease area to area users and/or tenants. The management company initially invests in the freehold rights in IMPACT Arena, IMPACT Exhibition Center, IMPACT Forum and IMPACT Challenger. RMI Company Limited serves as the REIT manager.

IMPACT Intrinsic Value
10.54 THB
Overvaluation 2%
Intrinsic Value
Price
I
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