End-of-day quote
Thailand S.E.
06:00:00 2024-05-22 pm EDT
|
5-day change
|
1st Jan Change
|
8.05
THB
|
+1.90%
|
|
+0.62%
|
+1.26%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
166,606
|
126,866
|
129,158
|
149,793
|
121,516
|
122,148
|
-
|
-
|
Enterprise Value (EV)
1 |
231,190
|
193,665
|
198,610
|
217,671
|
187,866
|
186,177
|
186,267
|
193,627
|
P/E ratio
|
30.3
x
|
63.8
x
|
121
x
|
61.3
x
|
34.6
x
|
32
x
|
27.8
x
|
27.1
x
|
Yield
|
1.38%
|
1.2%
|
0.95%
|
0.82%
|
1.51%
|
1.97%
|
2%
|
2.18%
|
Capitalization / Revenue
|
10.3
x
|
9.4
x
|
12
x
|
10.7
x
|
7.42
x
|
6.91
x
|
6.6
x
|
6.19
x
|
EV / Revenue
|
14.4
x
|
14.4
x
|
18.5
x
|
15.5
x
|
11.5
x
|
10.5
x
|
10.1
x
|
9.82
x
|
EV / EBITDA
|
27.2
x
|
34.7
x
|
53.6
x
|
36.2
x
|
24.1
x
|
19.8
x
|
19
x
|
18.9
x
|
EV / FCF
|
-841
x
|
153
x
|
98.1
x
|
50.3
x
|
36.3
x
|
54.8
x
|
1,390
x
|
108
x
|
FCF Yield
|
-0.12%
|
0.65%
|
1.02%
|
1.99%
|
2.75%
|
1.82%
|
0.07%
|
0.92%
|
Price to Book
|
4.31
x
|
3.33
x
|
3.43
x
|
4.02
x
|
3.23
x
|
3.1
x
|
3
x
|
2.76
x
|
Nbr of stocks (in thousands)
|
15,285,000
|
15,285,000
|
15,285,000
|
15,285,000
|
15,285,000
|
15,173,646
|
-
|
-
|
Reference price
2 |
10.90
|
8.300
|
8.450
|
9.800
|
7.950
|
8.050
|
8.050
|
8.050
|
Announcement Date
|
2/26/20
|
2/25/21
|
2/23/22
|
2/22/23
|
2/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
16,107
|
13,489
|
10,727
|
14,029
|
16,374
|
17,673
|
18,500
|
19,723
|
EBITDA
1 |
8,487
|
5,574
|
3,706
|
6,012
|
7,790
|
9,407
|
9,807
|
10,239
|
EBIT
1 |
4,460
|
3,716
|
2,577
|
4,423
|
5,822
|
6,415
|
7,098
|
7,754
|
Operating Margin
|
27.69%
|
27.55%
|
24.03%
|
31.52%
|
35.56%
|
36.3%
|
38.37%
|
39.31%
|
Earnings before Tax (EBT)
1 |
7,207
|
2,437
|
1,145
|
2,834
|
4,216
|
4,681
|
5,238
|
5,547
|
Net income
1 |
5,435
|
2,051
|
1,010
|
2,436
|
3,479
|
3,974
|
4,342
|
4,520
|
Net margin
|
33.74%
|
15.21%
|
9.42%
|
17.36%
|
21.24%
|
22.49%
|
23.47%
|
22.92%
|
EPS
2 |
0.3600
|
0.1300
|
0.0700
|
0.1600
|
0.2300
|
0.2518
|
0.2900
|
0.2967
|
Free Cash Flow
1 |
-274.9
|
1,268
|
2,024
|
4,325
|
5,170
|
3,397
|
134
|
1,787
|
FCF margin
|
-1.71%
|
9.4%
|
18.87%
|
30.83%
|
31.57%
|
19.22%
|
0.72%
|
9.06%
|
FCF Conversion (EBITDA)
|
-
|
22.74%
|
54.62%
|
71.94%
|
66.37%
|
36.11%
|
1.37%
|
17.45%
|
FCF Conversion (Net income)
|
-
|
61.8%
|
200.37%
|
177.53%
|
148.62%
|
85.49%
|
3.09%
|
39.54%
|
Dividend per Share
2 |
0.1500
|
0.1000
|
0.0800
|
0.0800
|
0.1200
|
0.1587
|
0.1612
|
0.1758
|
Announcement Date
|
2/26/20
|
2/25/21
|
2/23/22
|
2/22/23
|
2/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 S1
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
---|
Net sales
|
6,286
|
5,514
|
3,060
|
3,094
|
3,261
|
6,356
|
3,739
|
3,935
|
4,099
|
3,908
|
-
|
4,182
|
4,186
|
4,249
|
-
|
EBITDA
|
2,414
|
2,226
|
1,324
|
1,204
|
1,281
|
2,532
|
1,797
|
1,683
|
1,988
|
2,108
|
-
|
2,272
|
2,130
|
2,176
|
-
|
EBIT
|
1,324
|
1,649
|
988.7
|
924.6
|
906
|
1,831
|
1,366
|
1,226
|
1,509
|
1,643
|
-
|
1,760
|
1,619
|
1,662
|
-
|
Operating Margin
|
21.07%
|
29.91%
|
32.31%
|
29.88%
|
27.78%
|
28.8%
|
36.54%
|
31.15%
|
36.82%
|
42.05%
|
-
|
42.09%
|
38.67%
|
39.12%
|
-
|
Earnings before Tax (EBT)
|
757.4
|
-
|
495.8
|
419.4
|
706.3
|
1,126
|
1,028
|
680.3
|
936.5
|
1,043
|
-
|
1,158
|
1,079
|
1,062
|
-
|
Net income
1 |
659.9
|
505.8
|
395.9
|
336.2
|
634.1
|
970.2
|
862.8
|
603.2
|
749.1
|
900.7
|
1,650
|
969.9
|
858.9
|
847.2
|
946
|
Net margin
|
10.5%
|
9.17%
|
12.94%
|
10.86%
|
19.44%
|
15.27%
|
23.08%
|
15.33%
|
18.28%
|
23.05%
|
-
|
23.19%
|
20.52%
|
19.94%
|
-
|
EPS
|
0.0400
|
0.0300
|
0.0300
|
0.0200
|
0.0400
|
0.0600
|
0.0600
|
0.0400
|
0.0500
|
0.0600
|
0.1100
|
0.0600
|
0.0600
|
0.0600
|
-
|
Dividend per Share
|
-
|
-
|
0.0800
|
-
|
-
|
-
|
-
|
0.0800
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
8/13/20
|
8/11/21
|
2/23/22
|
5/12/22
|
8/11/22
|
8/11/22
|
11/11/22
|
2/22/23
|
5/11/23
|
8/10/23
|
8/10/23
|
11/13/23
|
2/28/24
|
5/14/24
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
64,584
|
66,800
|
69,451
|
67,878
|
66,350
|
64,030
|
64,119
|
71,479
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
7.61
x
|
11.98
x
|
18.74
x
|
11.29
x
|
8.517
x
|
6.806
x
|
6.538
x
|
6.981
x
|
Free Cash Flow
1 |
-275
|
1,268
|
2,024
|
4,325
|
5,170
|
3,397
|
134
|
1,787
|
ROE (net income / shareholders' equity)
|
14.6%
|
5.35%
|
2.67%
|
6.5%
|
9.29%
|
10.4%
|
10.9%
|
10.7%
|
ROA (Net income/ Total Assets)
|
5.04%
|
2%
|
0.88%
|
2.13%
|
3.07%
|
3.4%
|
3.64%
|
3.54%
|
Assets
1 |
107,834
|
102,555
|
114,352
|
114,606
|
113,311
|
117,047
|
119,173
|
127,680
|
Book Value Per Share
2 |
2.530
|
2.490
|
2.470
|
2.440
|
2.460
|
2.600
|
2.680
|
2.910
|
Cash Flow per Share
2 |
0.5100
|
0.3400
|
0.2000
|
0.3700
|
0.4200
|
0.4900
|
0.4800
|
-
|
Capex
1 |
8,016
|
4,084
|
845
|
1,308
|
1,183
|
2,491
|
6,273
|
18,712
|
Capex / Sales
|
49.77%
|
30.27%
|
7.88%
|
9.32%
|
7.23%
|
14.1%
|
33.9%
|
94.88%
|
Announcement Date
|
2/26/20
|
2/25/21
|
2/23/22
|
2/22/23
|
2/28/24
|
-
|
-
|
-
|
Last Close Price
8.05
THB Average target price
10.48
THB Spread / Average Target +30.25% Consensus |
1st Jan change
|
Capi.
|
---|
| +1.26% | 3.33B | | -7.15% | 26.11B | | +0.22% | 20.21B | | +16.07% | 10.68B | | +18.80% | 7.38B | | +6.43% | 6.74B | | +5.41% | 6.66B | | +25.07% | 5.8B | | -8.13% | 5.16B | | -13.33% | 4.82B |
Highway Operators
|