Master Style PCL
SET:MASTER
EV/EBITDA
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.
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.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (22.2), the stock would be worth ฿28.36 (189% upside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 7.7 | ฿9.8 |
0%
|
| 3-Year Average | 22.2 | ฿28.36 |
+189%
|
| 5-Year Average | 22.2 | ฿28.36 |
+189%
|
| Industry Average | 9.2 | ฿11.7 |
+19%
|
| Country Average | 8.6 | ฿10.99 |
+12%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
|
฿3.2B
|
/ |
Jan 2026
฿431.2m
|
= |
|
|
฿3.2B
|
/ |
Dec 2026
฿480.1m
|
= |
|
|
฿3.2B
|
/ |
Dec 2027
฿525.5m
|
= |
|
Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| TH |
M
|
Master Style PCL
SET:MASTER
|
3B THB | 7.7 | 14.9 | |
| US |
|
HCA Healthcare Inc
NYSE:HCA
|
121.5B USD | 10.5 | 17.9 | |
| SA |
|
Dr Sulaiman Al-Habib Medical Services Group Co
SAU:4013
|
98B SAR | 31.9 | 40.8 | |
| ZA |
N
|
Netcare Ltd
JSE:NTC
|
22.1B ZAR | 8.9 | 13.1 | |
| US |
|
Tenet Healthcare Corp
NYSE:THC
|
19.5B USD | 6.4 | 13.9 | |
| MY |
I
|
IHH Healthcare Bhd
KLSE:IHH
|
80.4B MYR | 15.7 | 38.3 | |
| BR |
|
Rede D'Or Sao Luiz SA
BOVESPA:RDOR3
|
81.8B BRL | 7.5 | 17.5 | |
| ZA |
L
|
Life Healthcare Group Holdings Ltd
JSE:LHC
|
16B ZAR | 16.4 | 4.1 | |
| CN |
A
|
Aier Eye Hospital Group Co Ltd
SZSE:300015
|
94.7B CNY | 21.1 | 29.4 | |
| US |
|
Ensign Group Inc
NASDAQ:ENSG
|
12.1B USD | 21.8 | 34.8 | |
| IN |
|
Apollo Hospitals Enterprise Ltd
NSE:APOLLOHOSP
|
1.1T INR | 29 | 59.9 |
Market Distribution
| Min | 0.2 |
| 30th Percentile | 6.6 |
| Median | 8.6 |
| 70th Percentile | 11.4 |
| Max | 3 584.8 |
Other Multiples
Master Style PCL
Glance View
Master Style Public Co. Ltd. operates plastic and skin surgery hospitals in the field of beauty treatment. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2023-01-25. The firm provides four products and services, such as surgery, hair transplants, and hair treatment, skin, and product sales and aftercare programs. The hospital provides a full range of surgical services such as rhinoplasty, eyebrow lift, face contouring surgery, breast surgery, liposuction and reshaping surgery, eye surgery, facial restructuring surgery including hair transplants and hair treatment, as well as skincare and laser treatments with the modern medical technology and techniques. Its skincare and laser services are divided into four fields: laser service, face reshaping service, treatment service, and slimming services. Its hair care services include treating hair loss, thin hair, and bald scalp with comprehensive treatment. The company offers the sale of self-care products after surgery, such as a support bra for breast augmentation surgery, and more.
