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Thai Beverage PCL
SGX:Y92

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Thai Beverage PCL
SGX:Y92
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Price: 0.425 SGD 3.66% Market Closed
Market Cap: S$10.7B

P/OCF

5.7
Current
37%
Cheaper
vs 3-y average of 9

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
5.7
=
Market Cap
S$11.4B
/
Operating Cash Flow
฿46B

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
5.7
=
Market Cap
S$11.4B
/
Operating Cash Flow
฿46B

Valuation Scenarios

Thai Beverage PCL is trading below its 3-year average

If P/OCF returns to its 3-Year Average (9), the stock would be worth S$0.67 (58% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+59%
Average Upside
35%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 5.7 S$0.43
0%
3-Year Average 9 S$0.67
+58%
5-Year Average 9 S$0.68
+59%
Industry Average 6.1 S$0.46
+8%
Country Average 6.6 S$0.49
+16%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
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Market Distribution

In line with most companies in Thailand
Percentile
42st
Based on 352 companies
42st percentile
5.7
Low
0.4 — 4.3
Typical Range
4.3 — 9.7
High
9.7 —
Distribution Statistics
Thailand
Min 0.4
30th Percentile 4.3
Median 6.6
70th Percentile 9.7
Max 13 115.6

Thai Beverage PCL
Glance View

In the bustling world of the Southeast Asian beverage industry, Thai Beverage Public Company Limited (Thai Bev) stands as a towering figure. Established in 2003, but with roots tracing back to a century-old brewing heritage, the company swiftly cultivated a dynamic portfolio that includes beers, spirits, non-alcoholic beverages, and food. The key to Thai Bev's success lies in its strategic combination of tradition and innovation. Leveraging deep-rooted consumer loyalty to brands such as Chang Beer and SangSom Rum, Thai Bev has sustained a dominant market presence, all while dynamically expanding its offerings. Positioned as one of the largest beverage companies in the region, it maintains a deft balance in its core operations, achieving steady revenue streams through diversified yet synergistic product lines. Thai Bev's financial prowess is a product of its robust operational strategy, which harmonizes local expertise with a broadening international footprint. The company deftly maneuvers through the complexities of both local markets and global ambitions, focusing on producing high-quality products that cater to evolving consumer preferences. Its investments in state-of-the-art facilities and aggressive marketing campaigns have further solidified its market position. With cost-effective production processes and an extensive distribution network spanning local and regional markets, Thai Bev efficiently channels the lion's share of its revenue through domestic sales. This strategy, combined with selective acquisitions and partnerships, has bolstered its competitive edge both at home and abroad, steadily increasing shareholder value and cementing its status as a beverage behemoth.

Y92 Intrinsic Value
1.427 SGD
Undervaluation 70%
Intrinsic Value
Price S$0.425
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