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ThaiBev Valuation Multiples
Discover revenue and EBITDA valuation multiples for ThaiBev and similar public comparables like Molson Coors, Molson Coors Canada, Campari Group, Anhui Gujing Distillery and more.
ThaiBev Overview
About ThaiBev
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.
Founded
2003
HQ
Employees
58.3K
Website
Sectors
Financials (LTM)
EV
$14B
ThaiBev Financials
ThaiBev reported last 12-month revenue of $11B and EBITDA of $2B.
In the same LTM period, ThaiBev generated $4B in gross profit, $2B in EBITDA, and $835M in net income.
Revenue (LTM)
ThaiBev P&L
In the most recent fiscal year, ThaiBev reported revenue of $10B and EBITDA of $2B.
ThaiBev expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $11B | XXX | $10B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 34% | XXX | 31% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $835M | XXX | $805M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $6B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ThaiBev Stock Performance
ThaiBev has current market cap of $8B, and enterprise value of $14B.
Market Cap Evolution
ThaiBev's stock price is $0.33.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $14B | $8B | 0.3% | XXX | XXX | XXX | $0.03 |
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Start Free TrialThaiBev Valuation Multiples
ThaiBev trades at 1.4x EV/Revenue multiple, and 8.7x EV/EBITDA.
EV / Revenue (LTM)
ThaiBev Financial Valuation Multiples
As of April 20, 2026, ThaiBev has market cap of $8B and EV of $14B.
Equity research analysts estimate ThaiBev's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ThaiBev has a P/E ratio of 10.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 8.7x | XXX | 8.1x | XXX | XXX | XXX |
| EV/EBIT | 11.0x | XXX | 11.2x | XXX | XXX | XXX |
| EV/Gross Profit | 4.0x | XXX | 4.4x | XXX | XXX | XXX |
| P/E | 10.0x | XXX | 10.3x | XXX | XXX | XXX |
| EV/FCF | 14.8x | XXX | 14.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ThaiBev 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.
ThaiBev Margins & Growth Rates
ThaiBev's revenue in the last 12 month grew by 3%.
ThaiBev's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
ThaiBev's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
ThaiBev's rule of X is 23% (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).
ThaiBev Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | (7%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 23% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 8% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 19% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ThaiBev Public Comps
See public comps and valuation multiples for other Alcohol comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| ThaiBev | XXX | XXX | XXX | XXX | XXX | XXX |
| Molson Coors | XXX | XXX | XXX | XXX | XXX | XXX |
| Molson Coors Canada | XXX | XXX | XXX | XXX | XXX | XXX |
| Campari Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Anhui Gujing Distillery | XXX | XXX | XXX | XXX | XXX | XXX |
| United Spirits | 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.
ThaiBev M&A Activity
ThaiBev acquired XXX companies to date.
Last acquisition by ThaiBev was on XXXXXXXX, XXXXX. ThaiBev acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ThaiBev
| 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 TrialThaiBev Investment Activity
ThaiBev invested in XXX companies to date.
ThaiBev made its latest investment on XXXXXXXX, XXXXX. ThaiBev invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ThaiBev
| 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 ThaiBev
| When was ThaiBev founded? | ThaiBev was founded in 2003. |
| Where is ThaiBev headquartered? | ThaiBev is headquartered in Thailand. |
| How many employees does ThaiBev have? | As of today, ThaiBev has over 58K employees. |
| Who is the CEO of ThaiBev? | ThaiBev's CEO is Thapana Sirivadhanabhakdi. |
| Is ThaiBev publicly listed? | Yes, ThaiBev is a public company listed on Singapore Exchange. |
| What is the stock symbol of ThaiBev? | ThaiBev trades under Y92 ticker. |
| When did ThaiBev go public? | ThaiBev went public in 2006. |
| Who are competitors of ThaiBev? | ThaiBev main competitors are Molson Coors, Molson Coors Canada, Campari Group, Anhui Gujing Distillery. |
| What is the current market cap of ThaiBev? | ThaiBev's current market cap is $8B. |
| What is the current revenue of ThaiBev? | ThaiBev's last 12 months revenue is $11B. |
| What is the current revenue growth of ThaiBev? | ThaiBev revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of ThaiBev? | Current revenue multiple of ThaiBev is 1.4x. |
| Is ThaiBev profitable? | Yes, ThaiBev is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of ThaiBev? | ThaiBev's last 12 months EBITDA is $2B. |
| What is ThaiBev's EBITDA margin? | ThaiBev's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of ThaiBev? | Current EBITDA multiple of ThaiBev is 8.7x. |
| What is the current FCF of ThaiBev? | ThaiBev's last 12 months FCF is $967M. |
| What is ThaiBev's FCF margin? | ThaiBev's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of ThaiBev? | Current FCF multiple of ThaiBev is 14.8x. |
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