POLYPLEX (THAILAND) |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.5 THB | +0.53% |
|
-0.52% | -5.94% |
| Feb. 13 | Polyplex Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023 | CI |
| 2023 | Polyplex Public Company Limited Approves Board Changes | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 13,860 | 14,040 | 8,370 | 20,700 | 22,230 | 15,840 |
| Enterprise Value (EV) 1 | 15,613 | 15,781 | 9,726 | 21,120 | 23,713 | 16,502 |
| P/E ratio | 11.8 x | 6.04 x | 4.64 x | 6.97 x | 6.26 x | 7.56 x |
| Yield | 3.57% | 4.1% | 6.99% | 4.35% | 5.3% | 4.77% |
| Capitalization / Revenue | 1.09 x | 0.95 x | 0.59 x | 1.36 x | 1.03 x | 0.6 x |
| EV / Revenue | 1.23 x | 1.07 x | 0.69 x | 1.39 x | 1.1 x | 0.63 x |
| EV / EBITDA | 6.65 x | 5.66 x | 3.25 x | 5.04 x | 4.99 x | 4.81 x |
| EV / FCF | 29.2 x | 165 x | 50.7 x | 8.1 x | -19.1 x | 13.5 x |
| FCF Yield | 3.42% | 0.61% | 1.97% | 12.3% | -5.24% | 7.39% |
| Price to Book | 1.32 x | 1.21 x | 0.65 x | 1.35 x | 1.25 x | 0.83 x |
| Nbr of stocks (in thousands) | 900,000 | 900,000 | 900,000 | 900,000 | 900,000 | 900,000 |
| Reference price 2 | 15.40 | 15.60 | 9.300 | 23.00 | 24.70 | 17.60 |
| Announcement Date | 5/28/18 | 5/15/19 | 5/22/20 | 5/24/21 | 5/23/22 | 5/23/23 |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 12,727 | 14,814 | 14,125 | 15,171 | 21,558 | 26,357 |
| EBITDA 1 | 2,347 | 2,790 | 2,989 | 4,189 | 4,748 | 3,434 |
| EBIT 1 | 1,594 | 2,036 | 2,128 | 3,260 | 3,763 | 2,346 |
| Operating Margin | 12.53% | 13.74% | 15.06% | 21.49% | 17.45% | 8.9% |
| Earnings before Tax (EBT) 1 | 1,208 | 2,374 | 2,060 | 3,243 | 4,075 | 2,427 |
| Net income 1 | 1,170 | 2,324 | 1,803 | 2,970 | 3,550 | 2,096 |
| Net margin | 9.19% | 15.69% | 12.77% | 19.58% | 16.47% | 7.95% |
| EPS 2 | 1.300 | 2.583 | 2.003 | 3.300 | 3.944 | 2.329 |
| Free Cash Flow 1 | 534.3 | 95.78 | 191.7 | 2,606 | -1,242 | 1,220 |
| FCF margin | 4.2% | 0.65% | 1.36% | 17.18% | -5.76% | 4.63% |
| FCF Conversion (EBITDA) | 22.77% | 3.43% | 6.41% | 62.22% | - | 35.53% |
| FCF Conversion (Net income) | 45.67% | 4.12% | 10.63% | 87.76% | - | 58.21% |
| Dividend per Share 2 | 0.5500 | 0.6400 | 0.6500 | 1.000 | 1.310 | 0.8400 |
| Announcement Date | 5/28/18 | 5/15/19 | 5/22/20 | 5/24/21 | 5/23/22 | 5/23/23 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,753 | 1,741 | 1,356 | 420 | 1,483 | 662 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.7468 x | 0.6241 x | 0.4535 x | 0.1002 x | 0.3124 x | 0.1929 x |
| Free Cash Flow 1 | 534 | 95.8 | 192 | 2,606 | -1,242 | 1,220 |
| ROE (net income / shareholders' equity) | 11.7% | 21.1% | 14.7% | 21% | 21.4% | 11.6% |
| ROA (Net income/ Total Assets) | 6.75% | 8.21% | 7.98% | 10.9% | 10.3% | 5.72% |
| Assets 1 | 17,338 | 28,306 | 22,604 | 27,348 | 34,410 | 36,655 |
| Book Value Per Share 2 | 11.70 | 12.90 | 14.30 | 17.00 | 19.80 | 21.20 |
| Cash Flow per Share 2 | 1.480 | 0.9500 | 1.340 | 1.910 | 2.450 | 2.610 |
| Capex 1 | 550 | 1,443 | 1,855 | 250 | 1,716 | 1,152 |
| Capex / Sales | 4.32% | 9.74% | 13.13% | 1.65% | 7.96% | 4.37% |
| Announcement Date | 5/28/18 | 5/15/19 | 5/22/20 | 5/24/21 | 5/23/22 | 5/23/23 |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -5.94% | 236M | |
| +7.04% | 41.28B | |
| -19.04% | 22.66B | |
| -13.64% | 13.54B | |
| -8.51% | 10.37B | |
| -9.70% | 9.82B | |
| +20.81% | 8.43B | |
| +10.09% | 6.89B | |
| -28.34% | 5.46B | |
| -25.52% | 3.6B |
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- Financials Polyplex (Thailand)
