SRI TRANG AGRO-INDUSTRY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.4 THB | +2.96% |
|
+3.57% | +8.07% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 15,360 | 40,704 | 47,616 | 32,410 | 24,730 | 26,726 | - | - |
| Enterprise Value (EV) 1 | 41,915 | 40,704 | 65,838 | 48,746 | 24,730 | 58,561 | 53,078 | 26,726 |
| P/E ratio | -100 x | 4.27 x | 3 x | 6.76 x | -57.5 x | 23.8 x | 10.8 x | - |
| Yield | 3.5% | 8.49% | 13.4% | 9.48% | 6.21% | 5.32% | 6.36% | 4.6% |
| Capitalization / Revenue | 0.25 x | 0.54 x | 0.4 x | 0.29 x | 0.29 x | 0.27 x | 0.25 x | 0.22 x |
| EV / Revenue | 0.7 x | 0.54 x | 0.56 x | 0.44 x | 0.29 x | 0.6 x | 0.5 x | 0.22 x |
| EV / EBITDA | 15.1 x | 1.99 x | 2.04 x | 5.57 x | 6.65 x | 9.7 x | 7.6 x | 3.74 x |
| EV / FCF | - | - | 27.3 x | 9.41 x | - | -28.5 x | 8.69 x | - |
| FCF Yield | - | - | 3.66% | 10.6% | - | -3.51% | 11.5% | - |
| Price to Book | 0.64 x | 1.07 x | 1.02 x | 0.69 x | - | 0.53 x | 0.46 x | - |
| Nbr of stocks (in thousands) | 1,536,000 | 1,536,000 | 1,536,000 | 1,536,000 | 1,536,000 | 1,536,000 | - | - |
| Reference price 2 | 10.00 | 26.50 | 31.00 | 21.10 | 16.10 | 17.40 | 17.40 | 17.40 |
| Announcement Date | 2/28/20 | 2/16/21 | 2/17/22 | 2/17/23 | 2/16/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 60,286 | 75,479 | 118,275 | 110,657 | 84,245 | 97,852 | 106,318 | 119,708 |
| EBITDA 1 | 2,770 | 20,505 | 32,199 | 8,744 | 3,717 | 6,040 | 6,988 | 7,139 |
| EBIT 1 | 283.8 | 17,704 | 29,193 | 5,558 | 99.78 | 1,912 | 3,430 | - |
| Operating Margin | 0.47% | 23.46% | 24.68% | 5.02% | 0.12% | 1.95% | 3.23% | - |
| Earnings before Tax (EBT) 1 | -67.65 | 17,064 | 28,718 | 6,167 | -527 | 1,335 | 2,514 | - |
| Net income 1 | -148.5 | 9,531 | 15,847 | 4,795 | -434.4 | 1,647 | 2,555 | 2,139 |
| Net margin | -0.25% | 12.63% | 13.4% | 4.33% | -0.52% | 1.68% | 2.4% | 1.79% |
| EPS 2 | -0.1000 | 6.210 | 10.32 | 3.120 | -0.2800 | 0.7300 | 1.610 | - |
| Free Cash Flow 1 | - | - | 2,410 | 5,182 | - | -2,054 | 6,106 | - |
| FCF margin | - | - | 2.04% | 4.68% | - | -2.1% | 5.74% | - |
| FCF Conversion (EBITDA) | - | - | 7.48% | 59.27% | - | - | 87.38% | - |
| FCF Conversion (Net income) | - | - | 15.21% | 108.08% | - | - | 238.98% | - |
| Dividend per Share 2 | 0.3500 | 2.250 | 4.150 | 2.000 | 1.000 | 0.9250 | 1.107 | 0.8000 |
| Announcement Date | 2/28/20 | 2/16/21 | 2/17/22 | 2/17/23 | 2/16/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 28,406 | 28,000 | 27,973 | 29,359 | 25,325 | - | 21,227 | - | 21,709 | 23,678 | 25,678 | 23,678 |
| EBITDA | 3,512 | 3,148 | 2,714 | 2,640 | 1,506 | - | 1,269 | - | 629.7 | 1,003 | - | - |
| EBIT | 2,740 | - | 1,940 | 1,828 | 658.3 | - | 371.5 | - | -302.8 | 83.6 | - | - |
| Operating Margin | 9.65% | - | 6.94% | 6.22% | 2.6% | - | 1.75% | - | -1.39% | 0.35% | - | - |
| Earnings before Tax (EBT) | 2,609 | 2,204 | 1,670 | 1,301 | 992.3 | - | 101.8 | - | -564.3 | -292.7 | - | - |
| Net income 1 | 1,614 | 1,509 | 1,142 | 1,156 | 987.8 | 287.9 | 110 | -410.2 | -422 | -329.7 | 298 | 477 |
| Net margin | 5.68% | 5.39% | 4.08% | 3.94% | 3.9% | - | 0.52% | - | -1.94% | -1.39% | 1.16% | 2.01% |
| EPS | - | - | - | 0.7500 | - | 0.1900 | 0.0700 | -0.2700 | -0.2700 | -0.2100 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/17/22 | 5/9/22 | 8/10/22 | 11/8/22 | 2/17/23 | 5/9/23 | 8/10/23 | 11/8/23 | 2/16/24 | 5/9/24 | - | - |
1THB in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 26,555 | - | 18,222 | 16,336 | - | 31,835 | 26,352 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 9.586 x | - | 0.5659 x | 1.868 x | - | 5.271 x | 3.771 x | - |
| Free Cash Flow 1 | - | - | 2,410 | 5,182 | - | -2,054 | 6,106 | - |
| ROE (net income / shareholders' equity) | -0.61% | 30.7% | 37.4% | 9.78% | - | 3% | 4.14% | 4.1% |
| ROA (Net income/ Total Assets) | -0.25% | 12.6% | 15.3% | 4.14% | - | 1% | 2.13% | - |
| Assets 1 | 58,364 | 75,723 | 103,822 | 115,804 | - | 164,700 | 120,235 | - |
| Book Value Per Share 2 | 15.70 | 24.80 | 30.40 | 30.40 | - | 32.80 | 37.50 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 4,004 | 2,495 | 11,755 | 10,490 | - | 4,065 | 4,695 | - |
| Capex / Sales | 6.64% | 3.31% | 9.94% | 9.48% | - | 4.15% | 4.42% | - |
| Announcement Date | 2/28/20 | 2/16/21 | 2/17/22 | 2/17/23 | 2/16/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
17.4
THB
Average target price
18.97
THB
Spread / Average Target
+9.00%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.07% | 706M | |
| +16.58% | 30.49B | |
| +41.70% | 7.36B | |
| +22.30% | 4.18B | |
| -8.69% | 3.7B | |
| -0.10% | 3.64B | |
| +53.30% | 3.49B | |
| +20.40% | 3.19B | |
| +20.78% | 2.84B | |
| +11.14% | 2.47B |
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