J.R.W. Utility PCL Ratios and Metrics

Market cap in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 24, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	1,315	1,300	1,657	4,066	5,472	5,852
Market Cap Growth	15.33%	-21.56%	-59.25%	-25.69%	-6.49%	5.48%
Enterprise Value	1,071	1,258	1,484	3,612	5,355	5,126
Last Close Price	1.73	1.66	2.06	5.00	6.64	6.96
PE Ratio	13.21	13.06	25.01	65.81	36.61	26.96
Forward PE	-	20.93	20.93	20.93	20.93	20.40
PS Ratio	0.68	0.67	1.03	2.07	2.89	2.72
PB Ratio	0.74	0.74	0.98	2.45	3.27	3.59
P/TBV Ratio	0.74	0.74	0.98	2.45	3.27	3.59
P/FCF Ratio	143.73	142.07	-	7.42	-	-
P/OCF Ratio	136.05	134.47	-	7.16	-	-
EV/Sales Ratio	0.55	0.65	0.93	1.84	2.83	2.38
EV/EBITDA Ratio	7.34	8.78	16.16	43.08	27.75	18.94
EV/EBIT Ratio	7.92	9.31	17.92	47.37	28.60	19.28
EV/FCF Ratio	117.06	137.51	-	6.59	-	-
Debt / Equity Ratio	0.12	0.12	0.07	0.09	0.21	0.00
Debt / EBITDA Ratio	1.49	1.49	1.16	1.69	1.81	0.01
Debt / FCF Ratio	23.71	23.71	-	0.27	-	-
Net Debt / Equity Ratio	-0.14	-0.14	-0.16	-0.18	0.06	-0.44
Net Debt / EBITDA Ratio	-1.70	-1.70	-2.95	-3.61	0.53	-2.63
Net Debt / FCF Ratio	-26.67	-26.67	12.75	-0.55	-0.14	1.25
Asset Turnover	0.49	0.49	0.40	0.51	0.54	0.78
Inventory Turnover	5.77	5.77	5.63	17.80	16.14	15.92
Quick Ratio	1.61	1.61	1.40	1.46	1.61	1.77
Current Ratio	1.77	1.77	1.62	1.56	1.72	1.92
Return on Equity (ROE)	5.75%	5.75%	3.94%	3.71%	9.06%	14.06%
Return on Assets (ROA)	2.13%	2.13%	1.28%	1.23%	3.35%	6.02%
Return on Invested Capital (ROIC)	6.49%	7.03%	4.72%	3.95%	11.14%	42.77%
Return on Capital Employed (ROCE)	6.90%	6.90%	4.50%	4.20%	10.60%	15.50%
Earnings Yield	7.57%	7.66%	4.00%	1.52%	2.73%	3.71%
FCF Yield	0.70%	0.70%	-1.28%	13.49%	-13.12%	-9.77%
Dividend Yield	3.18%	3.32%	1.95%	0.80%	1.36%	2.01%
Payout Ratio	30.51%	30.51%	45.86%	110.71%	71.19%	21.01%
Buyback Yield / Dilution	-	-	-	-	-	-43.26%
Total Shareholder Return	3.16%	3.32%	1.95%	0.80%	1.36%	-41.25%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.