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	Feb '26 Feb 26, 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	1,360	1,300	1,657	4,066	5,472	5,852
Market Cap Growth	16.99%	-21.56%	-59.25%	-25.69%	-6.49%	5.48%
Enterprise Value	1,319	1,258	1,484	3,612	5,355	5,126
Last Close Price	1.79	1.71	2.12	5.16	6.85	7.19
PE Ratio	16.29	13.06	25.01	65.81	36.61	26.96
Forward PE	-	20.93	20.93	20.93	20.93	20.40
PS Ratio	0.80	0.67	1.03	2.07	2.89	2.72
PB Ratio	0.79	0.74	0.98	2.45	3.27	3.59
P/TBV Ratio	0.79	0.74	0.98	2.45	3.27	3.59
P/FCF Ratio	-	142.07	-	7.42	-	-
P/OCF Ratio	-	134.47	-	7.16	-	-
EV/Sales Ratio	0.77	0.65	0.93	1.84	2.83	2.38
EV/EBITDA Ratio	11.27	8.62	16.16	43.08	27.75	18.94
EV/EBIT Ratio	12.45	9.31	17.92	47.37	28.60	19.28
EV/FCF Ratio	-15.51	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	-1.67	-1.67	-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	6.14%	7.66%	4.00%	1.52%	2.73%	3.71%
FCF Yield	-6.25%	0.70%	-1.28%	13.49%	-13.12%	-9.77%
Dividend Yield	2.23%	-	1.88%	0.78%	1.31%	1.95%
Payout Ratio	36.34%	30.51%	45.86%	110.71%	71.19%	21.01%
Buyback Yield / Dilution	-	-0.70%	-	-	-	-43.26%
Total Shareholder Return	2.23%	-0.70%	1.88%	0.78%	1.31%	-41.32%

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