EV/EBITDA

5.1
Current
28%
Cheaper
vs 3-y average of 7.1

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
5.1
=
Enterprise Value
฿750.4m
/
EBITDA
฿135.8m

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
5.1
=
Enterprise Value
฿750.4m
/
EBITDA
฿135.8m

Valuation Scenarios

TQR PCL is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (7.1), the stock would be worth ฿6.85 (38% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+76%
Average Upside
52%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 5.1 ฿4.96
0%
3-Year Average 7.1 ฿6.85
+38%
5-Year Average 9 ฿8.73
+76%
Industry Average 6.4 ฿6.24
+26%
Country Average 8.6 ฿8.35
+68%

Forward EV/EBITDA
Today’s price vs future ebitda

Not enough data available to calculate forward EV/EBITDA

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
TH
TQR PCL
SET:TQR
1.1B THB 5.1 11.3
US
Marsh & McLennan Companies Inc
NYSE:MMC
84.8B USD 13.3 20.5
IE
Aon PLC
NYSE:AON
71.2B USD 13.2 19.3
US
Arthur J Gallagher & Co
NYSE:AJG
57.3B USD 15.5 38.4
US
Arthur J. Gallagher & Co.
SWB:GAH
26.2B EUR 9.4 20.5
UK
Willis Towers Watson PLC
NASDAQ:WTW
28.2B USD 11.4 17.6
US
Brown & Brown Inc
NYSE:BRO
22.8B USD 13.8 21.8
US
Ryan Specialty Group Holdings Inc
NYSE:RYAN
10B USD 14.6 157.6
US
Reliance Global Group Inc
NASDAQ:RELI
9.7B USD -1 326.6 -1 385.8
IN
PB Fintech Ltd
NSE:POLICYBZR
740.6B INR 179.8 128.2
US
Hagerty Inc
NYSE:HGTY
3.7B USD 17.2 96.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
T
TQR PCL
SET:TQR
Average EV/EBITDA: 29.3
5.1
N/A N/A
US
Marsh & McLennan Companies Inc
NYSE:MMC
13.3
9%
1.5
IE
Aon PLC
NYSE:AON
13.2
8%
1.6
US
Arthur J Gallagher & Co
NYSE:AJG
15.5
15%
1
US
A
Arthur J. Gallagher & Co.
SWB:GAH
9.4
15%
0.6
UK
W
Willis Towers Watson PLC
NASDAQ:WTW
11.4
10%
1.1
US
Brown & Brown Inc
NYSE:BRO
13.8
11%
1.3
US
Ryan Specialty Group Holdings Inc
NYSE:RYAN
14.6
18%
0.8
US
Reliance Global Group Inc
NASDAQ:RELI
Negative Multiple: -1 326.6 N/A N/A
IN
PB Fintech Ltd
NSE:POLICYBZR
179.8
170%
1.1
US
Hagerty Inc
NYSE:HGTY
17.2
24%
0.7

Market Distribution

Lower than 80% of companies in Thailand
Percentile
20th
Based on 406 companies
20th percentile
5.1
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

TQR PCL
Glance View

Market Cap
1.1B THB
Industry
Insurance

TQR Public Co., Ltd. is engaged in insurance business. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2021-02-17. The firm operates through three segments: Traditional Business, Alternatives Business and Other Business. Its offered services include treaty insurance, facultative reinsurance and total services. The firm provides services to insurers that encompass the risk management of insurance portfolios and the appropriate risk transfer to the reinsurance market. The company offers treaty reinsurance arrangements ranging from proportional reinsurance agreements, quota share and surplus, to non-proportional reinsurance agreements, working excess of loss and catastrophe excess of loss for its clients meeting their needs for capacity and security and bringing them into a relationship with reinsurers. Its facultative reinsurance services are offered for large infrastructure projects. Its total service includes consultancy activities.

TQR Intrinsic Value
5.12 THB
Undervaluation 3%
Intrinsic Value
Price ฿4.96
T
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