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Thai Tap Water Valuation Multiples
Discover revenue and EBITDA valuation multiples for Thai Tap Water and similar public comparables like Inversiones Aguas Metropolitanas, Alkhorayef Water & Power, Banpu Power, Sociedad Transmisora Metropolitana and more.
Thai Tap Water Overview
About Thai Tap Water
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.
Founded
2000
HQ

Employees
321
Website
Sectors
Financials (LTM)
EV
$1B
Thai Tap Water Financials
Thai Tap Water reported last 12-month revenue of $167M and EBITDA of $138M.
In the same LTM period, Thai Tap Water generated $125M in gross profit, $138M in EBITDA, and $102M in net income.
Revenue (LTM)
Thai Tap Water P&L
In the most recent fiscal year, Thai Tap Water reported revenue of $168M and EBITDA of $147M.
Thai Tap Water expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $167M | XXX | $168M | XXX | XXX | XXX |
| Gross Profit | $125M | XXX | $113M | XXX | XXX | XXX |
| Gross Margin | 75% | XXX | 67% | XXX | XXX | XXX |
| EBITDA | $138M | XXX | $147M | XXX | XXX | XXX |
| EBITDA Margin | 83% | XXX | 87% | XXX | XXX | XXX |
| EBIT Margin | 76% | XXX | 78% | XXX | XXX | XXX |
| Net Profit | $102M | XXX | $105M | XXX | XXX | XXX |
| Net Margin | 61% | XXX | 63% | XXX | XXX | XXX |
| Net Debt | — | — | $184M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Thai Tap Water Stock Performance
Thai Tap Water has current market cap of $1B, and enterprise value of $1B.
Market Cap Evolution
Thai Tap Water's stock price is $0.29.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $1B | 0.0% | XXX | XXX | XXX | $0.03 |
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Start Free TrialThai Tap Water Valuation Multiples
Thai Tap Water trades at 7.4x EV/Revenue multiple, and 9.0x EV/EBITDA.
EV / Revenue (LTM)
Thai Tap Water Financial Valuation Multiples
As of April 20, 2026, Thai Tap Water has market cap of $1B and EV of $1B.
Equity research analysts estimate Thai Tap Water's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Thai Tap Water has a P/E ratio of 11.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 7.4x | XXX | 7.4x | XXX | XXX | XXX |
| EV/EBITDA | 9.0x | XXX | 8.5x | XXX | XXX | XXX |
| EV/EBIT | 9.9x | XXX | 9.5x | XXX | XXX | XXX |
| EV/Gross Profit | 10.0x | XXX | 11.0x | XXX | XXX | XXX |
| P/E | 11.2x | XXX | 10.9x | XXX | XXX | XXX |
| EV/FCF | 49.0x | XXX | 13.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Thai Tap Water Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Thai Tap Water Margins & Growth Rates
Thai Tap Water's revenue in the last 12 month declined by (1%).
Thai Tap Water's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.0M for the same period.
Thai Tap Water's rule of 40 is 82% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Thai Tap Water's rule of X is 84% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Thai Tap Water Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (1%) | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 83% | XXX | 87% | XXX | XXX | XXX |
| EBITDA Growth | (3%) | XXX | (9%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 82% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 84% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 5% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Thai Tap Water Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Thai Tap Water | XXX | XXX | XXX | XXX | XXX | XXX |
| Inversiones Aguas Metropolitanas | XXX | XXX | XXX | XXX | XXX | XXX |
| Alkhorayef Water & Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Banpu Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Sociedad Transmisora Metropolitana | XXX | XXX | XXX | XXX | XXX | XXX |
| Pluz EnergÃa | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Thai Tap Water M&A Activity
Thai Tap Water acquired XXX companies to date.
Last acquisition by Thai Tap Water was on XXXXXXXX, XXXXX. Thai Tap Water acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Thai Tap Water
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialThai Tap Water Investment Activity
Thai Tap Water invested in XXX companies to date.
Thai Tap Water made its latest investment on XXXXXXXX, XXXXX. Thai Tap Water invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Thai Tap Water
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Thai Tap Water
| When was Thai Tap Water founded? | Thai Tap Water was founded in 2000. |
| Where is Thai Tap Water headquartered? | Thai Tap Water is headquartered in Thailand. |
| How many employees does Thai Tap Water have? | As of today, Thai Tap Water has over 321 employees. |
| Is Thai Tap Water publicly listed? | Yes, Thai Tap Water is a public company listed on Stock Exchange of Thailand. |
| What is the stock symbol of Thai Tap Water? | Thai Tap Water trades under TTW ticker. |
| When did Thai Tap Water go public? | Thai Tap Water went public in 2008. |
| Who are competitors of Thai Tap Water? | Thai Tap Water main competitors are Inversiones Aguas Metropolitanas, Alkhorayef Water & Power, Banpu Power, Sociedad Transmisora Metropolitana. |
| What is the current market cap of Thai Tap Water? | Thai Tap Water's current market cap is $1B. |
| What is the current revenue of Thai Tap Water? | Thai Tap Water's last 12 months revenue is $167M. |
| What is the current revenue growth of Thai Tap Water? | Thai Tap Water revenue growth (NTM/LTM) is (1%). |
| What is the current EV/Revenue multiple of Thai Tap Water? | Current revenue multiple of Thai Tap Water is 7.4x. |
| Is Thai Tap Water profitable? | Yes, Thai Tap Water is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Thai Tap Water? | Thai Tap Water's last 12 months EBITDA is $138M. |
| What is Thai Tap Water's EBITDA margin? | Thai Tap Water's last 12 months EBITDA margin is 83%. |
| What is the current EV/EBITDA multiple of Thai Tap Water? | Current EBITDA multiple of Thai Tap Water is 9.0x. |
| What is the current FCF of Thai Tap Water? | Thai Tap Water's last 12 months FCF is $25M. |
| What is Thai Tap Water's FCF margin? | Thai Tap Water's last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Thai Tap Water? | Current FCF multiple of Thai Tap Water is 49.0x. |
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