May 2026
📣 VC round data is live. Check it out!
Largest Public Companies in Thailand
Benchmark revenue and EBITDA valuation multiples for public comps like
Delta Electronics (Thailand), PTT, Gulf Development, Airports Of Thailand and PTTEP.
 | Delta Electronics (Thailand) PCL manufactures and distributes power supplies, electronic equipment, and components such as DC fans, EMI filters, solenoids, etc. The group's reportable segments are: Power electronics, Mobility, Infrastructure, Automation, and Others. The majority of its revenue is generated from the Power electronics segment, which designs, manufactures, and sells power supplies applied to computer, server, office automation equipment, and household electric appliances. The Mobility segment makes EV power systems, the Infrastructure segment builds ICT and energy systems, and the Automation segment offers industrial and building automation. Geographically, the group generates maximum revenue from the United States, followed by Singapore, Germany, Taiwan, and other markets. | $11 | +237% | $135B | $135B | 21.2x | 118.1x | ||
| Ptt PCL is an integrated national petroleum and petrochemical company based out of Thailand. The Group is organized into business groups based on types of products and services. The segments of the Group are Upstream petroleum and Natural gas business group which is further divided into Petroleum exploration and production business and Natural gas business. Downstream petroleum business group is divided into Oil and retail business; International trading business and Petrochemical and Refining business. New business and sustainability group includes emphasis on decarbonization to achieve the Net Zero Emission. | $1 | +21% | $32B | $49B | 0.6x | 4.0x | ||
| Gulf Development PCL is a Thailand-based company mainly involved in the electricity-generating business. The group's principal operations are to generate and sell electricity and steam, store and convert natural gas from liquid to gas, provide satellite services, and operate other businesses in domestic and international markets. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. The group's reportable segments are: Power business (which generates maximum revenue), Consulting business, Infrastructure business, and Satellite and digital business. Geographically, it derives maximum revenue from Thailand. | $2 | +37% | $28B | $39B | 10.6x | 32.4x | ||
| Airports Of Thailand PLC operates airports and provides services related to air transportation. Its airports, located in Thailand, serve both domestic and international flights. The company operates in various business segments such as airport management business, hotel business, ground aviation services, security business, and manages projects on perishable goods. The majority of its revenue is derived from its airport management business under which it generates income mainly from two categories of services: aeronautical and nonaeronautical. Aeronautical revenue is associated with air traffic, including landing and parking charges, and passenger and aircraft service charges. Nonaeronautical revenue is generated from office and state property rents. | $2 | +65% | $24B | $25B | 12.2x | 21.5x | ||
| PTT Exploration & Production PCL is engaged in the exploration and production of petroleum in Thailand and overseas, and related business. Its segments include Exploration and production, which operates in oil and gas exploration and production both domestically and overseas, including overseas gas transportation pipeline in overseas, either as an operator or as a joint venture partner with international oil and gas companies. Its domestic projects are located in the Gulf of Thailand. Overseas projects are located in Southeast Asia, the Middle East, Africa, and other regions. Other businesses and corporate consist of investments in other businesses, such as new businesses for energy transition, related businesses, and corporate. | $4 | +43% | $17B | $19B | 2.1x | 2.9x | ||
| Krung Thai Bank PCL is a commercial bank in Thailand conducting its business through a nationwide branch network and in certain centers of the world. The company operates in the following reportable segments: Retail banking, Corporate banking, and Treasury and investments. Maximum revenue is generated from its Retail banking segment, which develops financial products and services and also provides services for individual customers relating to deposits, loans, payment for goods and services, and others. The Corporate Banking segment provides credit facilities and financial services to corporate clients, and the Treasury and Investments segment controls the bank's financial structure and manages its equity investments, international business, and excess liquidity. | $1 | +55% | $15B | $27B | 5.2x | - | ||
| True Corp PCL is a triple-play telecommunications company. It operates through three business segments: Mobile, Pay TV, Broadband internet and others. The majority of revenue is derived from Mobile segment, the company's mobile services product offering. The majority of the company's customer base in its mobile services division is considered prepaid. Broadband internet and other generated revenue internet services are recognized when rendering the service to subscribers. Pay TV generates revenues from monthly subscription fees recognized in the month in which the service is provided, commencing from the completion of installation. It operates in a single geographical area, which is Thailand. | $0 | +12% | $15B | $27B | 4.4x | 8.1x | ||
| Kasikornbank Public Co Ltd is a commercial bank operating in Thailand. The corporate business customers of the company include public and private companies, government-backed enterprises or agencies, and financial institutions. The corporate business provides a variety of financial products and services, such as loans, working capital, cash management, and value chain solutions. The retail business focuses on individual customers and offers loans and deposits, debit and credit cards, financial planning, and transactional banking services. The treasury and capital markets business includes funding, risk management, foreign currency exchange services, and other related businesses. | $6 | +30% | $15B | $23B | 3.4x | - | ||
| SCB X PCL is a full-service Thai bank, and its principal shareholder is the Thai Crown Property Bureau, followed by a fund operating under the Thai Ministry of Finance. The bank provides a range of financial services such as customer deposits, home loans, personal credit, car hire purchases, ATM and debit transactions, currency exchanges, overseas remittances, corporate banking, insurance, asset management, and securities trading. The bank's long-term focuses on small and medium-sized enterprises, financial planning, customer service, and digitalization and analytics. Nearly half of its loan portfolio is in retail loans, the majority of which are housing loans. | $4 | +13% | $14B | $27B | 4.9x | - | ||
| CP All PCL is the sole operator of 7-Eleven convenience stores in Thailand. Almost half of the stores are located in Bangkok and its vicinities, with the remaining located in provincial areas. The company also operates other related businesses, such as bill payment collection services, manufacturing and sale of convenience food and bakery products, sale and maintenance of retail equipment, payment for products and services, information technology services, logistics services, marketing services, educational institution, and training and business seminar services, including catalog sales and e-commerce businesses. The company has four reportable segments: convenience stores, wholesale, retail and mall, and others. The majority of its revenue from Convenience stores segment. | $1 | 0% | $13B | $25B | 0.8x | 8.5x | ||
| Bangkok Bank PCL is a Thai commercial bank with some international exposure. The bank's segments are; Domestic banking that include domestic services such as loans, deposits, trade finance, remittances and payments, electronic services, credit cards, debit cards and others; International banking which provides financial services through overseas branches and subsidiaries. The main products and services are loans, deposits, foreign exchange services, export and import etc; Investment banking provides project services, corporate finance services, financial advisory services, securities business services, business strategic management by trading financial instruments; and Others. | $5 | +21% | $10B | $30B | 5.0x | - | ||
| Bangkok Dusit Medical Services PCL operates a network of hospitals throughout Thailand under the Bangkok Hospital, Phyathai Hospital, Samitivej Hospital, Paolo Hospital, BNH Hospital, and Royal International Hospital brands. The company has two business segments namely, hospital operations and other businesses that support hospital business such as medical laboratories, production and distribution of pharmaceutical products/medical equipment/saline, pharmacies, assets management for healthcare business, accounting services, technology and information services, training business and insurance broker. The company's hospital operations generate the vast majority of its revenue. | $1 | -16% | $9B | $9B | 2.5x | 10.5x | ||
| Thai Beverage PLC is a Thailand-based company engaged in producing and distributing alcoholic and non-alcoholic beverages and food. The company's operating segments include Spirits; production and sales of branded spirits products and soda. Beer: production and sales of raw materials, branded beer products, Chang soda and Chang water. Non-alcoholic beverages: production and sales of branded water, ready-to-drink coffee, energy drink, green tea, fruit flavored drinks and dairy products. Food: restaurants and distribution of food and beverages; and Others: publishing and printing. Key revenue is generated from Beer. It operates in Thailand, which generates the majority of revenue, Vietnam, Malaysia, Myanmar, Singapore and others. | $0 | -4% | $9B | $15B | 1.4x | 8.4x | ||
| Bank Of Ayudhya PCL is a full-service universal bank commonly referred to as Krunsgri, operating mostly in Thailand, and with some exposure to other Asian countries. The bank's operations include commercial banking, retail banking, and other financial services, such as wealth management, credit cards, insurance, asset management, securities trading, auto hire purchases, equipment leasing, factoring, microfinance, and installment loans. Its segments include Retail, Commercial and Others. The majority of revenue is derived from the Retail segment. | $1 | +59% | $8B | $18B | 3.5x | - | ||
| TMBThanachart Bank PCL is a Thailand-based company that is principally engaged in banking. The company operates in two reportable segments retail and commercial banking. Retail banking provides customers with services such as deposits, loans, and credit cards. Commercial banking provides lending, deposit, and management services to wholesale, small, and midsize businesses. The company has maximum revenue from Retail Banking. The company's business operations are concentrated in Thailand. | $0 | +18% | $7B | $10B | 4.5x | - | ||
| Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport. | $0 | -- | $6B | $5B | 0.9x | 3.2x | ||
| PTT Oil and Retail Business PCL operates in the oil and gas refining and marketing sector. The company is engaged in the distribution of petroleum products and retailing of non-oil products and services in both domestic and international markets. Its segments include Mobility Business, Lifestyle Business, and Global Business. The firm generates the majority of its revenue from the Mobility segment. | $0 | +4% | $5B | $4B | 0.2x | 5.1x | ||
| Bumrungrad Hospital PCL operates a private hospital business in Bangkok. It is a healthcare provider in Thailand providing complete healthcare services for both outpatients and inpatients. The company is the owner and operator of multiple healthcare-related entities. The company has only one main reportable operating segment, which is the hospital and health care center business, and the geographical area of its operations is Thailand. | $6 | +27% | $4B | $4B | 4.9x | 12.4x | ||
| Central Retail Corp PCL is a multi-format and multi-category retailing platform in Thailand. It is a pioneer in omnichannel retailing in Thailand, complementing its retail store network and merchandise offerings with positions among store-based retailers in online traffic. The company operates under a diverse slate of retail banners divided into three segments: Hardline, Food Products, and Fashion. The majority is generated from Food Products. Geographically, the majority of revenue is from Thailand. | $1 | +12% | $4B | $7B | 0.9x | 6.7x | ||
| Thai Life Insurance PCL is a life insurance company. It provides integrated products covering personal accident insurance and group insurance. Its segment includes agent channel; and partnership and other channels which includes commercial banks, government banks, leasing & hire purchase, consumer finance, direct marketing, group employee benefits, digital, and associate. The company generates maximum revenue from the agent channel segment. | $0 | +1% | $4B | $3B | 2.0x | 7.3x | ||
| Minor International PCL operates hotels, restaurant operations, distribution, and manufacturing businesses. The company's operating segments of the company are Hotel, Mixed-use and others, and Restaurants. Majority of its revenue comes from European hotels. The Group mainly operates in Thailand and also has operations in other countries such as countries in Europe, Singapore, The People's Republic of China, The Republic of Maldives, The United Arab Emirates, Sri Lanka, Australia, the Federative Republic of Brazil, and countries in Africa, etc. | $1 | -10% | $4B | $9B | 1.8x | 6.8x | ||
| Global Power Synergy PCL is a utility company with ownership stakes in the Southeast Asian energy production industry. The company's principal businesses are the production and distribution of electricity, steam, and water for industrial use to government and industrial customers. It controls a portfolio of power plants, including solar and cogeneration facilities, through its subsidiary, associate, and joint venture companies. The company segments its operations into Independent Power Producer (IPP), Small Power Producer (SPP), and Others, and it earns maximum revenue from the Small Power Producer (SPP) segment. | $1 | +24% | $4B | $6B | 2.4x | 9.8x | ||
| Thai Oil PCL operates an integrated business in oil refining and petrochemicals business. The company is engaged in oil refinery and distribution, petrochemicals, lube base oil and other businesses in domestic and overseas. It operates in the following reportable segments: Oil refinery, Lube base oil refinery, Aromatics and LAB, Solvent, Power generation, Ethanol, Olefins, and Others. The majority of the company's revenue is derived from the Oil refinery segment. Geographically, it generates the maximum revenue from Thailand, followed by Indonesia and other countries. | $1 | +54% | $3B | $4B | 0.3x | 5.1x | ||
| SCG Packaging PCL is an integrated packaging solutions provider. Its business is divided into three segments; Integrated Packaging Business, Fibrous Business, and Recycling Business. Maximum revenue for the company is derived from its Integrated Packaging Business segment, which comprises fiber, paper, consumer, and performance packaging products such as containerboard, sack kraft, plasterboard liner, coated duplex board, flexible packaging products, and others. Geographically, the company generates maximum revenue from its business in Thailand and the rest from Vietnam, Indonesia, China, and other regions. | $1 | +42% | $3B | $5B | 1.2x | 8.7x | ||
| Cal-Comp Electronics (Thailand) PCL is a Thailand-based company engaged in the manufacture of electronic products, such as computer and computer peripherals, telecommunication equipment, and automation equipment. The company has three reporting segments: Computer peripherals offer ink-jet printers, laser printers, multifunction printers, dot-matrix printers, external hard drives, and printed circuit board assemblies, Telecommunications products include set-top boxes and Bluetooth headsets, and Service income segment. Computer peripherals generate the majority of the company’s revenue. The company serves markets in Thailand, Brazil, China, and the Philippines and the majority of its sales come from its customer base in Thailand. | $0 | +59% | $3B | $3B | 0.7x | 19.4x | ||
| Home Product Center PCL is a Thailand-based company engaged in the sale of home improvement products under the HomePro brand which serves as a One Stop Shopping Home Center. It provides construction, extension, and renovation services in addition to the improvement of buildings, houses, and residences. The company operates in Thailand and Malaysia through its HomePro stores and subsidiaries. Maximum revenue is generated from contracts with customers and specifically through the hard-line product category. The hard-line merchandise category includes tools, paint, home improvement, bathroom and sanitary ware, kitchen, home appliances, and electrical equipment. Geographically, it generates the majority of its revenue from Thailand, followed by Malaysia. | $0 | -22% | $2B | $3B | 1.4x | 8.1x | ||
| Bangkok Expressway and Metro PCL and its subsidiaries are engaged in the construction and management of expressways and the operation of metro lines in Thailand. In conjunction with the operation of the Metro Blue Line, the company also handles the advertising and telecommunications maintenance in the trains and stations. Its segments include the Expressway business segment; Rail business segment; Commercial development business segment; and Other segments. The maximum revenue is derived from the Expressway business segment. | $0 | -3% | $2B | $6B | 11.1x | 19.0x | ||
| Krungthai Card PCL engaged in credit cards, personal loans and other related businesses. The Company provides services such as Credit Cards, Personal Loans, KTC Brother Boom Money, MAAI by KTC, Shop business and many. The company operations relate to a single business segment which is the financial services business and are carried out in a single geographic area which is Thailand. | $1 | -23% | $2B | $4B | 4.7x | - | ||
| Ratch Group PCL is a Thailand-based holding company. The Company's principal businesses are investing in companies whose objectives are to generate and sell electricity and develop power energy projects and infrastructure projects. The Group has four operating segments Domestic Electricity Generating, Renewable Energy, International Power Projects, and Related Business & Infrastructure. The majority of revenue is from the domestic Electricity Generating segment. Geographically, the majority of income is from Thailand. Its investment is mainly focused on fossil fuel power generation projects, renewable projects, and businesses adjacent to electricity generation and energy both in Thailand & internationally. | $1 | +20% | $2B | $5B | 5.5x | 10.2x | ||
| Thai President Foods PCL is a Thailand-based manufacturer and distributor of instant noodles, semi-instant foods, and biscuit products. Some of its brands include Mama, Ruski, Bissin, Thai Chef, and Bamee. It operates in six segments: Instant noodles and semi-instant foods, Biscuits, Bakery, Packaging, Fruit Juice, and Others, of which a majority of the revenue is derived from the Instant noodles segment. Geographically, the company generates the majority of its revenue from the domestic market. | $6 | -5% | $2B | $1B | 1.5x | 6.0x | ||
| Electricity Generating PCL is engaged in the generation of electricity for sales to the government sector and industrial users. As a holding company, the majority of the company's revenue comes from its numerous subsidiaries and joint ventures located throughout Thailand and other regions. The company has two segments report which are comprised of electricity generation and other businesses. The majority of revenue is derived from the electricity generation segment. Geographically, key revenue for the company is derived from Thailand and the rest from the Philippines and Australia. | $4 | +9% | $2B | $4B | 3.8x | 9.3x | ||
| Com7 PCL is engaged in the retailing of IT products such as computers, laptops, desktops, mobile phones, Tablets, and accessories. The company focuses on retail rather than wholesale IT products, by increasing the number of channels to more retail stores and through its expansion of company stores to shopping malls. Its business includes BaNANA; Studio 7; iCare; BKK; BaNANA Store; and True. It operates in two segments: Retail and Other, out of which the Retail segment derives the majority of revenue. | $1 | +30% | $2B | $2B | 0.8x | 10.4x | ||
| Banpu PCL is engaged in three core groups of businesses which are energy resources, energy generation and energy technology. The Group has operations in Thailand and overseas which are mainly in the Indonesia, People’s Republic of China, Australia, Mongolia, Socialist Republic of Vietnam, Japan, and the United States. The Group is organized into the following business segments: - Energy Resources: operates in coal sales and production both domestically and overseas. The Group also operates in gas production in the United States. - Energy Generation: operates in electricity generation which consists of thermal and renewable energy both domestic and overseas. - Energy Technology: operations comprise solar rooftops, electric vehicles, energy storage, and energy management systems. | $0 | +22% | $2B | $7B | 1.3x | 7.0x | ||
| Bangchak Corp PCL is a Thailand-based energy company that engages in petroleum refining. The company operates in six reporting segments: Refinery and oil trading, Marketing, Electricity, Bio-based product, Natural resource. Majority of revenue is from Refinery and oil trading. The company Thailand, Singapore, Norway, Laos, Korea, and Others, with maximum of revenue from Thailand. | $1 | -9% | $1B | $5B | 0.3x | 4.0x | ||
| i-Tail Corp PCL is a manufacturer and distributor of pet food and other pet care-related businesses. The Company is controlled by Thai Union Group Public Company Limited, its parent company, which owns 78.82% of the Company’s shares. The Group has two reportable segments: Pet food, and Others. The majority of the revenue is generated from the Pet food segment. | $0 | +33% | $1B | $1B | 1.9x | 9.5x | ||
| Osotspa PCL is engaged in the manufacturing and distribution of consumer products, comprising energy drinks and personal care products. In addition, the Group also engaged in providing manufacturing services, distribution of goods and providing marketing services. The company operates in three reportable segments Beverage, Personal care and Others. The majority of its revenue comes from the Beverage segment. Some of its Energy Drink brands include M-150, Calpis Lacto, Slimma, Peptine and others. Geographically, it generates majority of its revenue from Thailand. | $0 | -4% | $1B | $1B | 1.5x | 6.9x | ||
| Central Plaza Hotel PCL is a resorts and casino company that is engaged in hotel operations. The company has two primary business segments: Hotel and Related Service Operation and Food and Ice-Cream Operations. The Hotel and Related Service Operation segment manages a variety of hotels and resorts. The Food and Ice-Cream Operations segment manages fast food and quick-service restaurants. The business is a franchisee of fast food restaurant chains. The company earns the vast majority of its revenue in Thailand and also has its presence in Japan and Republic of Maldives. | $1 | +55% | $1B | $2B | 2.9x | 10.1x | ||
| Siam City Cement PCL is a Thailand-based company that produces cement-based building materials, wood replacement products, and lightweight concrete blocks through its subsidiaries. The company is composed of five segments: Cement, Concrete & Aggregate, Waste management and Industrial services, Light Building Materials, and Energy. It generates the majority of its revenue from the Cement segment. It sells various cement types, namely Portland, Hydraulic, Mixed, and Masonry, that serve various building, bricklaying, and plastering purposes. | $5 | -- | $1B | $2B | 1.0x | 4.7x | ||
| Siam Global House PCL is a company engaged in distributing home construction, home improvement, and do-it-yourself products. The firm operates in various provinces in northeastern, central, eastern, and northern Thailand. Siam sells home construction and decorative products out of warehouse stores under the name of Global House. Its products include construction materials, steel products, wood products, roofing, gardening, plumbing, lighting, flooring, electronics, decorating, tools, kitchenware, and hardware. | $0 | +34% | $1B | $2B | 1.5x | 12.5x | ||
| Carabao Group PCL manufactures and distributes energy drinks, water, and coffee under different brand names through its subsidiaries. It operates in three reportable segments: Manufacture and distribution of drinks under Group's trademark, Distribution of OEM products under Group's trademark, and Distribution of other products. A majority of the company's revenue is generated from the Manufacture and distribution of drinks under Group's trademark segment, which manufactures and sells carbonated and non-carbonated energy drinks, coffee, sports drinks, and vitamin-C drinks through Carabao and Woody C plus brands. Geographically, the company generates maximum revenue from the domestic market, and the rest from overseas markets like the United Kingdom, and other regions. | $1 | -32% | $1B | $1B | 1.8x | 9.1x | ||
| Betagro PCL is an integrated agro-industrial and food company. The company's segment includes Agro Business, Consumer Food Business, and Pet Business. The company generates maximum revenue from the Consumer Food Business segment. Geographically, the majority of revenue is from Thailand. | $1 | -- | $1B | $2B | 0.4x | 4.0x | ||
| TTW PCL is a Thailand-based company chiefly engaged in the production and sale of treated water to its customers, the Provincial Waterworks Authority (PWA). The company supplies water to certain southern regions of Thailand that include Nakhon Pathom and Samut Sakhon. The subsidiaries of TTW PLC provide production, sale, operation, and maintenance services. The majority of the group's revenue is derived from sales of treated water to public sector agencies, while the rest is derived from private sector agencies and other sources. Geographically, the group operates only in Thailand. | $0 | +6% | $1B | $1B | 7.2x | 8.4x | ||
| Banpu Power PCL is engaged in investments in power businesses in Thailand and overseas. The business activities of the group include the generation and sale of electricity and other related business. The company's business segments include Energy Generation and Energy Technology. The Energy Generation segment operates in electricity generation which consists of thermal and renewable energy both domestic and overseas. The Energy Technology segment operations comprise solar rooftops, electric vehicles, energy storage, and energy management systems. Geographically, the company has its presence in the United States which is the key revenue driver, China, and other regions. | $0 | +71% | $1B | $1B | 1.7x | 5.9x | ||
| B.Grimm Power PCL along with its subsidiary engaged in the generating and distribution of electricity for the government sectors and Industrial Users, both in Thailand and overseas. The group operates through two reportable segments report which comprise electricity generation and other businesses. The electricity generation segment, which accounts for the majority of the revenue, generates and distributes electricity to the government sectors and industrial users both in Thailand and overseas. The other segment is engaged in holding companies, maintenance, and operating services for power plants. The majority of the company's revenue comes from Thailand, followed by Vietnam. | $0 | +42% | $1B | $4B | 2.4x | 9.7x | ||
| Gunkul Engineering PCL is involved in the manufacturing and distribution of equipments for electrical systems, construction and investing in the generating and selling electricity business. The company operates in four segments which are; Manufacturing and selling of equipments for electrical system, Generating and selling electricity, Construction service, Maintenance service, rental service and others. Generating & selling electricity derives key revenue for the company. Geographically, the majority of company's revenue comes from Thailand and rest from Japan, Vietnam and other markets. | $0 | +171% | $1B | $1B | 5.6x | 12.6x | ||
| Hana Microelectronics PCL operates its business in Thailand and is principally engaged in the manufacturing and trading of electronic components. The company has two reportable segments the Printed Circuit Board Assembly segment, which produces and sells Printed Circuit Board Assembly, and the Integrated Circuit segment, which produces and sells Integrated Circuit. | $1 | +98% | $1B | ($262B) | (395.8x) | (3769.6x) | ||
| Bangkok Airways PCL is principally engaged in the provision of air transportation and airport services. It operates in three segments; The airline segment sells tickets and provides services to passengers, the airport segment provides location services for passengers and airlines, and the supporting airline business segment, which provides ground handling, cargo, and catering services for airlines and customers. The majority of revenue is from the Airline segment. It mainly operates in Thailand. | $0 | +11% | $994M | $1B | 1.8x | 6.1x | ||
| Mega Lifesciences PCL manufactures and sells through independent distributors of health food supplements, branded prescription pharmaceutical products, over-the-counter products, herbal products, vitamins, and fast-moving consumer goods as well as provides distribution services relating to such products. The company's product portfolio consists of health food supplements, branded prescription pharmaceutical products, over-the-counter products, herbal products, vitamins, and fast-moving consumer goods. Its segments include Brands in which goods are manufactured and sold under brands owned by the group; Distribution in which the group provides logistical and marketing services for goods trading purposes and sale of goods manufactured by third parties; and OEM. | $1 | +40% | $965M | $842M | 1.8x | 8.4x | ||
| CH. Karnchang PCL is engaged in the provision of construction services. Its construction services include public transport system, airport, road, expressway, bridge, energy, water and port system and building. The Group is principally engaged in construction and provision of related services and investment in infrastructure, and the two geographic areas in which these activities are carried on are Thailand and the Lao People’s Democratic Republic. | $1 | +20% | $930M | $2B | 1.3x | 9.3x | ||
| Jasmine Technology Solution PCL is a Thailand-based company, principally engaged in the design and installation of telecommunication systems, telecom services, Bitcoin Mining, and others. The company leases optic cable networks and provides satellite telecommunications, internet, and satellite-based mobile communication services. It also designs, supplies and installs computer networks including peripheral equipment. The operating segments of the organization are the Telecommunication services segment, Bitcoin mining segment and the Design and installation of telecommunication systems. It also provides Infrastructure-as-a-service and Software-as-a-service. | $1 | -1% | $854M | $874M | 11.8x | 47.2x | ||
| Plan B Media PCL is principally engaged in providing advertising media production, advertising space, and airtime rental services. The group has two principal reportable segments, which are the Out-of-home media segment comprising advertising media production, advertising space and airtime rental services, and Engagement marketing segment comprising sports marketing and artist management. The majority of its revenue is derived from the Out-of-home media segment. | $0 | -25% | $591M | $621M | 2.0x | 4.4x | ||
| CK Power PCL principally engaged in investment in companies, whose principal business operation is the generation of electricity for sales, and provision of consulting services and other services relating to electricity generating projects both locally and overseas. The company's business segments are: generation of electricity from hydroelectric power, generation of electricity from solar power, and generation of electricity from thermal power, and other segments. The majority of revenue is from generation of electricity from thermal power. | $0 | -18% | $575M | $1B | 3.8x | 5.6x | ||
| Chularat Hospital PCL operates hospitals and clinics in Thailand. The company operates through several branches of clinics and hospitals. The Group operates a private hospital business which is one business segment. It has only one geographical segment as the business operates only in Thailand. | $0 | -8% | $487M | $445M | 1.7x | 8.0x | ||
| Sikarin PCL is a Thailand-based company operating in the healthcare sector. It operates private hospitals located in eastern Bangkok, Samutprakarn Province and Hat Yai District, Songkhla Province namely Sikarin Hospital, Sikarin Samut Prakan Hospital, and Sikarin Hat Yai Hospital. Its services include general surgery services, obstetrics, aesthetic center, dental center, orthopedic center, checkup center, emergency and trauma center, and children center, among others. | $0 | +13% | $468M | $435M | 2.3x | 8.9x | ||
| Asia Aviation PCL is a holding company for Thai AirAsia Company Ltd that is engaged in investing in a low-fare airline business company. The company has two operating segments; Schedule flight operations provide passenger air transportation services to routine destinations for scheduled flights. It sells tickets through its distribution channels such as websites, sale counters, travel agents. and Chartered flight operations provide passenger air transportation services to non-routine destinations. Flights are operated when there is hiring from customers such as tourist agency companies. | $0 | -8% | $430M | $2B | 1.1x | 5.3x | ||
| Thaicom PCL is engaged in transponder services for domestic & international communications, sale of the user terminal, broadband content services, sale of direct television equipment, internet data center services, internet services, satellite uplink-downlink services, broadcasting television service, telecommunication, printing, publishing of business telephone directories, banner advertising, telephone network services, mobile contents, and engineering & development services on communication technology & electronics. It operates in three segments: Satellite services, Internet services & media, and Telephone networks. The company has operations in Thailand, Singapore, Australia, India and others. | $0 | +34% | $387M | $399M | 5.1x | 13.6x | ||
| Sky ICT PCL is mainly engaged in the business of information and communication technology (ICT) and system integration (SI), covering the service provision of consultation, design, installation, maintenance, procurement, and distribution of products and equipment related to the information and communication technology and system integration. The company's reportable segments include System integration and Sales and service business. | $0 | +1% | $315M | $455M | 1.4x | 7.8x | ||
| Ditto (Thailand) PCL is a leader in complete document management services. The services of the company include Rental, distribution, and rendering services of photocopiers, printers, and technology products; Distribution and rendering service of document management solutions; and Rendering technology engineering services for projects. The company mainly operates in Thailand. | $0 | +35% | $292M | $277M | 2.7x | 11.6x | ||
| SISB PCL is principally engaged in the operation of international schools. Its operations are carried on only in Thailand. It is a provider of the Singapore curriculum for Mathematics and Science, with a focus on English, based on the Programme for International Student Assessment (PISA). It has five campuses in Thailand, which adopt the Singapore curriculum and Cambridge IGCSE A and AS Levels, as well as the International Baccalaureate. It teaches students to be trilingual: English, Thai, and Chinese, in addition to a holistic education to develop students to their fullest potential. | $0 | -34% | $286M | $250M | 3.1x | 6.6x | ||
| Jasmine International PCL invests in telecommunications companies. The company operates through three reportable segments The Broadband and Internet TV segment, The Digital Asset and Technology Solution segment, and Other segments. The majority of revenue is derived from the Digital Asset and Technology Solution segment. The Group operates in Thailand only. | $0 | -31% | $280M | $278M | 2.2x | 19.6x | ||
| Medeze Group PCL is engaged in the business of providing stem cell storage, analyzing, isolation, cultivation and preservation services for medical use. It is organised into four reportable segments: Stem cell sample collection service segment; White blood cell potential testing service segment; Other services segment and Sales of products segment. Geographically, the company operates in Thailand, Vietnam, Cambodia, Philippines, and Other countries, of which maximum revenue is derived from Thailand. | $0 | -8% | $203M | $152M | 6.1x | 17.2x | ||
| The ONE Enterprise PCL is engaged in the media business comprising digital TV, and radio, production of content, production of advertising media, rent of advertising space, subleasing television station, artist management, studio rental service, and sales of goods and investment in other business. Its operations are carried on only in Thailand. | $0 | +33% | $203M | $123M | 0.5x | 2.0x | ||
| Roctec Global PCL is principally engaged in the provision of system integration and advertising services. Its reportable segments are System installation service and Advertising. The majority of its revenue is generated from the System installation service segment, which covers consulting, system design, system implementation, and import of information and communication technology-related hardware and software. Its ICT solutions include data network infrastructure solutions, cybersecurity solutions, and technology solutions. The Advertising segment is engaged in providing services related to outdoor advertising and other advertising media. | $0 | +7% | $172M | $110M | 1.2x | 4.4x | ||
| Major Cineplex Group PLC is a diversified media company predominantly engaged in the operation of cinemas. The company's reportable segments include the Cinema business, Advertising business, Bowling and Karaoke business, Rental and Services business, and Movie content business. The cinema business segment, which generates maximum revenue, owns and manages several chains of movie theaters and brands. The advertising and media business offers on-screen advertising and media solutions. The bowling and karaoke services offer their namesake services in branded outlets. The rental and services business leases real estate space, and the movie content segment funds, produces, and distributes feature film content, as well as content on the home video market. | $0 | -26% | $142M | $269M | 1.1x | 3.9x | ||
| Business Online PCL is a service provider and developer of local and world-wide financial information systems. It also has an online and offline business information service provider as well as consulting service and database management. The company solution includes Corpus X, Xignal, Matchlink, Dun and Bradstreet, and Debtline. | $0 | -5% | $124M | $114M | 4.9x | 10.6x | ||
| Humanica PCL is engaged in providing human resource outsourcing and payroll services, sales and providing implementation services of human resource systems, sales of and providing implementation services of computer software for enterprise resource planning, sales of advance access control devices, and provide life and non-life insurance brokerage. The company's business segment includes Human resource management system services; and Accounting and financing services. The company generates maximum revenue from the Human resource management system services segment. | $0 | -44% | $118M | $103M | 2.1x | 5.6x | ||
| BEC World PCL is engaged in providing, producing TV programmes and selling air time, artist management including management services to subsidiaries. It operates in two main business areas: 1) Content business group - television platform, digital platform, international licensing distribution, and services for sourcing and producing entertainment and documentary programs; and 2) Support business group. The company and its subsidiaries operate in one industrial segment, that is the business of entertainment and recreation, which operates in the geographical area, Thailand. | $0 | -51% | $117M | $10M | 0.1x | 0.2x | ||
| Meb Corp PCL is engaged in the distribution and servicing of e-books, as well as providing consultation on the development of e-book systems. The company also distributes electronic reader devices, conducts computer system inspections, offers consulting and advice on IT-related issues, and provides knowledge on information technology security. The company operates in a single segment: electronic literature services, and is managed and operates in Thailand. | $0 | -37% | $112M | $62M | 0.9x | 3.7x | ||
| Bluebik Group PCL is principally engaged in service provider for software design and development, management strategies consulting, strategic project management office (PMO), big data implementation and data analytic. The company's segments include Management Consulting, Digital Excellence and Delivery, Strategic Project Management Office and Big Data and Advanced Analytics. The majority of the company's revenue is derived from the Digital Excellence and Delivery segment. Geographically, it generates the maximum revenue from Thailand. | $1 | -18% | $106M | $86M | 1.7x | 7.0x | ||
| GMM Grammy PCL is engaged in various entertainment businesses, including the music business, satellite television business, Digital TV business, movies business, home shopping business, and co-investment in other businesses. The company has three principal reportable segments i.e. 1) Music segment comprising music business and showbiz 2) Media segment comprising digital TV business GMM25 3) Others segment comprising merchandise and other services business. | $0 | -38% | $78M | $96M | 0.5x | 5.6x | ||
| Mono Next PCL is an entertainment and media company. The business is classified into two segments: Media business; and Content and entertainment business. The Media business, consisting of TV, online and subscribed streaming video and Content and entertainment business, consisting of movie business, entertainment business, commerce and content arrangement business. Company has majority of revenue from Media Business. | $0 | -59% | $78M | $119M | 2.7x | 10.9x | ||
| Pro Inside PCL services in system integrating of information system for software and hardware, security system, and CCTV system. The service provided are consulting, developing, installing, distributing, and maintenance service, for both private and government sectors. Company includes two services: System Integration and Sales and Services. Maximum of revenue is from System Integrated Services. The company operates and gains its revenue from Thailand. | $0 | -6% | $64M | $99M | 1.0x | 7.2x | ||
| Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment. | $0 | -46% | $58M | $46M | 2.0x | 3.9x | ||
| Workpoint Entertainment PCL is a broadcast television company. The activities of the Group are digital television broadcasting and the production of television programs, animation and computer graphics, movies, concerts and plays, event marketing and sale of goods and services related to the businesses. The company has five segments which are Business of television programs, Business of movies, Business of concerts and plays, Business of event marketing and Business of sale of goods and rendering of other services. It derives majority of revenue from Business of television programs segment. | $0 | -19% | $48M | ($14M) | (0.2x) | (1.8x) | ||
| Miss Grand International PCL is principally engaged in the wholesale and retail of beauty products, cosmetics products, skincare products, personal products, beauty accessories, food dietary supplements, and food products under the Company's branding name. The company also organizes beauty pageants and entertainment events, concerts, and an artist management agency. The company has five segments: Beauty pageants organise, Entertainment business, Consumer products, Consumption products, and others. The company earns the majority of its revenue from the Beauty pageants organise segment. | $0 | -51% | $32M | $36M | 0.8x | 5.8x | ||
| Grand Prix International PCL is engaged in providing space for motor shows, exhibitions, and automotive-related products and marketing promotion services, Advertising media in printing, television, and website, Production and distribution of books, Printing services, and Others. The business operation of the company is divided into segments, namely Activities Services, Media & Publishing, Printing Services, and the Other segment. The company derives a majority of its revenue from the Activities Services segment. | Events+1 | $0 | +7% | $32M | $20M | 0.8x | 4.7x | |
| Genesis Fertility Center PCL operates a Medical service clinic for infertility patients. Its business activities are providing treatment and counseling services to infertile people and providing investment services in other businesses consulting and management services. The company provides with expertise and experience in IVF, ICSI or IVF, and IUI, including egg freezing services, AMH testing services, and chromosome analysis by NGS technique services with a team of doctors, scientists, nurses, and all personnel. | $0 | -38% | $18M | $14M | 1.3x | 5.6x | ||
| Thai Auto Tools and Die PCL is engaged in designing and manufacturing tools for the automotive industry (Tooling) including Stamping Dies, Checking Fixtures, and Assembly Jigs, and manufacture Automotive press parts. | $0 | +5% | $12M | $25M | 0.3x | 3.5x | ||
| RS PCL is an entertainment service provider in Thailand. It operates through the following business divisions: Multi-platform Commerce, Media business, Music license distribution, Showbiz business, Digital assets and other services. The Media business accounts for the maximum of the revenues. The firm also organizes concerts and events. Geographically, it operates only in Thailand. | $0 | -50% | $9M | $133M | 2.3x | (84.1x) | ||
| Linkers Industries Ltd is a company that acts as both a manufacturer and supplier of wire and cable harnesses (an assembly of wires/cables bound together with straps, cable ties, and electrical tape to transmit signals or electrical power), with its manufacturing operations based in Malaysia. Its customers are mainly manufacturers and original equipment manufacturers (OEMs) in the home appliances, industrial products, and automotive industries that are mainly based in the Asia Pacific Region. The company works closely with customers in each stage of a product’s life cycle, including design, prototyping, and production. Geographically, it generates maximum revenue from Thailand, followed by Malaysia, Switzerland, the United States of America, and other regions. | $2 | +174% | $3M | $2M | 0.3x | (2.1x) | ||
| Median | $0 | +7% | $1B | $2B | 1.8x | 7.2x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.