Financials Internet Thailand

Equities

INET

TH0662010006

IT Services & Consulting

End-of-day quote Thailand S.E. Other stock markets 06:00:00 2024-05-30 pm EDT			5-day change	1st Jan Change
4.64 ^THB	-0.43%		-10.77%	+8.92%

May. 14	Internet Thailand Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 25	Internet Thailand Public Company Limited Announces Dividend for 2023, Payable on May 23, 2024	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	2,310	2,575	2,134	2,324	-
Enterprise Value (EV) ¹	2,310	2,575	2,134	6,699	6,641
P/E ratio	14 x	12.9 x	9.09 x	9.67 x	8.75 x
Yield	-	-	-	2.59%	2.8%
Capitalization / Revenue	-	1.26 x	1.02 x	0.99 x	0.9 x
EV / Revenue	-	1.26 x	1.02 x	2.86 x	2.58 x
EV / EBITDA	-	2.55 x	2.03 x	4.46 x	3.85 x
EV / FCF	-	-	-	6.94 x	-
FCF Yield	-	-	-	14.4%	-
Price to Book	-	-	-	0.83 x	0.77 x
Nbr of stocks (in thousands)	500,042	500,042	500,967	500,967	-
Reference price ²	4.620	5.150	4.260	4.640	4.640
Announcement Date	2/24/22	2/24/23	2/28/24	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	-	2,044	2,090	2,343	2,579
EBITDA ¹	-	1,012	1,053	1,502	1,726
EBIT ¹	-	737.2	771	1,017	1,148
Operating Margin	-	36.06%	36.9%	43.41%	44.51%
Earnings before Tax (EBT) ¹	-	144.9	176.5	182	224
Net income ¹	162.9	201.3	234.6	239	264
Net margin	-	9.84%	11.23%	10.2%	10.24%
EPS ²	0.3300	0.4000	0.4688	0.4800	0.5300
Free Cash Flow ¹	-	-	-	965	-
FCF margin	-	-	-	41.19%	-
FCF Conversion (EBITDA)	-	-	-	64.25%	-
FCF Conversion (Net income)	-	-	-	403.77%	-
Dividend per Share ²	-	-	-	0.1200	0.1300
Announcement Date	2/24/22	2/24/23	2/28/24	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q2	2023 Q3	2023 Q4
Net sales ¹	490.9	509.3	-	566.9
EBITDA	-	-	-	-
EBIT ¹	153.1	170.4	-	248.2
Operating Margin	31.2%	33.45%	-	43.78%
Earnings before Tax (EBT) ¹	22.37	25.28	-	85.68
Net income ¹	30.16	44.56	58.35	101.5
Net margin	6.14%	8.75%	-	17.9%
EPS ²	-	-	0.1164	0.2035
Dividend per Share	-	-	-	-
Announcement Date	5/29/23	8/15/23	11/13/23	2/28/24

¹THB in Million²THB

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	4,375	4,317
Net Cash position ¹	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	2.913 x	2.501 x
Free Cash Flow ¹	-	-	-	965	-
ROE (net income / shareholders' equity)	-	-	-	8.8%	9.1%
ROA (Net income/ Total Assets)	-	-	-	1.9%	2.2%
Assets ¹	-	-	-	12,579	12,000
Book Value Per Share ²	-	-	-	5.590	6.000
Cash Flow per Share	-	-	-	-	-
Capex ¹	-	-	-	1,000	-
Capex / Sales	-	-	-	42.68%	-
Announcement Date	2/24/22	2/24/23	2/28/24	-	-

¹THB in Million²THB

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Internet Thailand

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4.64 THB

Average target price

5 THB

Spread / Average Target

+7.76%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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SNOWFLAKE INC.	-31.57%	45.59B
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Other IT Services & Consulting