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The Erawan Group Public Company Limited (ERW.BK)

THB3.00 -0.02 (-0.66%)
TH SET Consumer Cyclical Travel Lodging
Address Ploenchit Center 10110
Bangkok, BM, TH
CEO Youssef Khomri
IPO 1988-08-26
ISIN TH0120010Y07

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Description

Established in 1982 and based in Bangkok, Thailand, The Erawan Group Public Company Limited is actively engaged in both the hospitality sector and real estate management. The company manages an extensive collection of hotels and resorts throughout Thailand, including prominent properties such as the Grand Hyatt Erawan Bangkok, JW Marriott Bangkok, The Naka Island, Renaissance Koh Samui Resort and Spa, and Courtyard by Marriott Bangkok. Its portfolio further extends to numerous establishments under various brands, including Holiday Inn Pattaya, Mercure Bangkok Siam, multiple ibis and ibis Styles hotels (e.g., ibis Hotel, ibis Bangkok Siam, ibis Styles Krabi Ao Nang), Novotel Bangkok Sukhumvit 4, Mercure Bangkok Sukhumvit 24, and HOP INN. As of December 31, 2021, this impressive network comprised 73 hotels, totaling 9,807 guest rooms. Beyond its lodging operations, The Erawan Group also holds ownership of the Erawan Bangkok retail complex and oversees the management of the adjacent luxury retail destination, Ploenchit Center. Additionally, the company's activities encompass property development, the leasing of commercial spaces, and providing management services for office buildings.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
THB3.00 -0.02 (-0.66%)
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Volume Profile
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Liquidity & share structure
Average Volume
30M
Beta
0.25
Float Shares
2.11B
Free Float %
43.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.52% -5.80% -2.99% -18.75% +13.04% +6.56% +26.21% -38.10% -10.34% -13.33% +140.74%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3.00
Ratings Trend (MoM) 94% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 13 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.90
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Travel Lodging: +6.0%
    +0.4% Q1'26: +0.0% (vs Q1'25)
  • EPS growth Travel Lodging: +9.2%
    -37.0% Q1'26: +0.0% (vs Q1'25)
  • FCF margin FCF growth · Travel Lodging: +22.6%
    +8.9% Q1'26: +19.1% (vs Q1'25)
  • EBIT margin Travel Lodging: +18.3%
    +19.5% Q1'26: +24.7% (vs Q1'25)
  • ROIC Travel Lodging: +5.5%
    +5.6% Q1'26: +7.8% (vs Q1'25)
  • Share dilution Travel Lodging: +0.0%
    +3.5% Q1'26: -0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Travel Lodging: 1.63×
    7.10× Q1'26: 5.92× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.13) × ERP
WACC = 41% × Ke + 59% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 3.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
15 Rev. Ana.
13 EPS Ana.
Dec 2027
15 Rev. Ana.
15 EPS Ana.
Dec 2028
8 Rev. Ana.
7 EPS Ana.
Revenue
5.25B
est: 5.35B (-1.8%)
5.62B
est: 5.79B (-2.9%)
6.00B
est: 6.08B (-1.4%)
6.26B
est: 6.40B (-2.2%)
6.38B
est: 6.46B (-1.3%)
2.31B
est: 2.26B (+1.8%)
1.49B
est: 1.49B (-0.2%)
4.63B
est: 4.54B (+1.9%)
6.99B
est: 7.58B (-7.9%)
7.87B
est: 7.85B (+0.2%)
7.91B
est: 7.88B (+0.3%)
8.30B
7.91B – 8.61B
+5.3% YoY
8.81B
8.41B – 9.07B
+6.2% YoY
9.30B
9.23B – 9.37B
+5.5% YoY
EBITDA
1.43B
est: 376.95M (+280.3%)
1.54B
est: 407.86M (+276.6%)
1.84B
est: 428.38M (+330.4%)
1.90B
est: 450.86M (+320.8%)
1.81B
est: 455.39M (+298.4%)
-251.20M
est: 159.55M (-257.4%)
-662.47M
est: 104.91M (-731.5%)
1.09B
est: 320.11M (+239.6%)
2.23B
est: 1.20B (+86.3%)
2.78B
est: 1.24B (+124.5%)
2.59B
est: 1.24B (+108.3%)
1.31B
1.25B – 1.36B
+5.3% YoY
1.39B
1.33B – 1.43B
+6.2% YoY
1.47B
1.46B – 1.48B
+5.5% YoY
EBIT
715.93M
est: -1.16B (+161.7%)
876.93M
est: -1.26B (+169.8%)
1.08B
est: -1.32B (+181.6%)
1.11B
est: -1.39B (+180.2%)
1.06B
est: -1.40B (+175.5%)
-1.26B
est: -491.16M (-157.2%)
-1.60B
est: -322.97M (-395.5%)
215.18M
est: -985.47M (+121.8%)
1.33B
est: -517.98M (+356.3%)
1.79B
est: -536.35M (+433.0%)
1.54B
est: -538.25M (+386.5%)
-566.56M
-588.00M – -540.03M
-5.3% YoY
-601.81M
-619.38M – -574.58M
-6.2% YoY
-635.07M
-639.65M – -630.49M
-5.5% YoY
Net Income
197.87M
est: 260.38M (-24.0%)
366.89M
est: 399.90M (-8.3%)
505.57M
est: 601.08M (-15.9%)
536.31M
est: 663.43M (-19.2%)
445.57M
est: 550.25M (-19.0%)
-1.78B
est: -1.92B (+7.2%)
-2.16B
est: -2.36B (+8.5%)
-213.06M
est: -414.84M (+48.6%)
742.66M
est: 1.22B (-39.1%)
1.28B
est: 1.06B (+20.7%)
838.09M
est: 838.09M (+0.0%)
916.33M
763.83M – 969.13M
+9.3% YoY
985.05M
870.90M – 1.06B
+7.5% YoY
1.04B
950.17M – 1.15B
+5.5% YoY
SGA
1.37B
est: 2.00B (-31.2%)
1.48B
est: 2.16B (-31.4%)
1.57B
est: 2.27B (-30.8%)
1.44B
est: 2.39B (-39.8%)
1.65B
est: 2.41B (-31.6%)
1.00B
est: 845.19M (+18.9%)
914.73M
est: 555.76M (+64.6%)
1.38B
est: 1.70B (-18.8%)
1.84B
est: 2.56B (-28.3%)
2.00B
est: 2.65B (-24.7%)
2.05B
est: 2.66B (-23.0%)
2.80B
2.67B – 2.91B
+5.3% YoY
2.98B
2.84B – 3.06B
+6.2% YoY
3.14B
3.12B – 3.16B
+5.5% YoY
EPS
0.05
est: 0.06 (-8.5%)
0.09
est: 0.08 (+11.3%)
0.13
est: 0.13 (+2.1%)
0.14
est: 0.14 (-0.4%)
0.11
est: 0.12 (-5.6%)
-0.45
est: -0.41 (-10.8%)
-0.59
est: -0.50 (-18.2%)
-0.05
est: -0.09 (+46.2%)
0.16
est: 0.25 (-36.4%)
0.28
est: 0.22 (+27.9%)
0.17
est: 0.17 (-0.1%)
0.19
0.16 – 0.20
+9.3% YoY
0.20
0.18 – 0.22
+7.7% YoY
0.21
0.19 – 0.24
+5.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 B 3/5 1/5 4/5 4/5 1/5 3/5 3/5
2026-05-14 B 3/5 1/5 4/5 4/5 1/5 3/5 3/5
2026-05-13 B 3/5 1/5 4/5 4/5 1/5 3/5 4/5
2026-05-12 B 3/5 1/5 4/5 4/5 1/5 3/5 4/5
2026-05-11 B 3/5 1/5 4/5 4/5 1/5 3/5 4/5
2026-05-08 B 3/5 1/5 4/5 4/5 1/5 3/5 4/5
2026-05-07 B 3/5 1/5 4/5 4/5 1/5 3/5 4/5
2026-05-06 B 3/5 1/5 4/5 4/5 1/5 3/5 4/5
2026-05-05 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-04-30 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-29 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-28 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-27 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-24 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-23 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-22 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-21 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-20 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-17 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-16 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.38B
OE per share TTM
0.28
Owner's Yield
10.69%
Maintenance CapEx ratio
47.56%
Maint CapEx / Avg PPE
378.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.02% 154.1K 0.65%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
766.9K
Shares Outstanding
4.89B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Apichan Mapaisansin Executive Vice President of Project Development & Management in Philippines Division male
Apinya Ngamapichon Chief Financial Officer & EVice President of Financial & Accounting Division female
Arisna Rochanapruk Senior Vice President of Sustainability Development, Corporate Communications & Risk Management Division
Jetiya Kitiyodom Assistant Executive Vice President of Accounting Department female
Naroot Chankitisakoon Senior Vice President of Digital Transformation Division male
Navarat Tamsuwan EVP of Property Dev., Property Ren., Oper. Maintenance & Cost Center male
Renan Vigoureux Senior Vice President of Hotel Business Strategy male
Sangjun Oranrittinun Assistant Executive Vice President of Corporate Human Resources Division female
Sebastian Frederic Salmon Senior Vice President of Franchised Hotel Operation Division male
Youssef Khomri President & Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits