Financials Thai Coconut Co.,Ltd.

Equities

COCOCO

THB540010006

Food Processing

End-of-day quote Thailand S.E. Other stock markets 06:00:00 2024-05-09 pm EDT			5-day change	1st Jan Change
13.5 ^THB	-0.74%		+2.27%	+70.89%

Apr. 04	Thai Coconut Public Company Limited Approves the Election of Miss Nidaporn Assawateerakiat as Independent Director, the Member of Audit Committee, the Member of Nomination and Compensation Committee, and the Member of Risk Management Committee	CI
Apr. 04	Thai Coconut Public Company Limited Approves Dividend Payment for the Year 2023, Payable on May 2, 2024	CI

Valuation

Fiscal Period: December	2023	2024	2025	2026
Capitalization ¹	11,613	19,845	-	-
Enterprise Value (EV) ¹	11,613	20,896	20,830	19,845
P/E ratio	18 x	24.3 x	18.6 x	18.5 x
Yield	-	2%	2.89%	1.93%
Capitalization / Revenue	2.49 x	3.02 x	2.48 x	2.4 x
EV / Revenue	2.49 x	3.18 x	2.6 x	2.4 x
EV / EBITDA	14.8 x	18.8 x	15 x	14.7 x
EV / FCF	-	79.2 x	34 x	23.8 x
FCF Yield	-	1.26%	2.94%	4.2%
Price to Book	-	5.63 x	5 x	-
Nbr of stocks (in thousands)	1,470,000	1,470,000	-	-
Reference price ²	7.900	13.50	13.50	13.50
Announcement Date	2/21/24	-	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2023	2024	2025	2026
Net sales ¹	4,655	6,572	7,998	8,273
EBITDA ¹	784.9	1,112	1,386	1,347
EBIT ¹	596.9	862.5	1,122	1,104
Operating Margin	12.82%	13.12%	14.03%	13.34%
Earnings before Tax (EBT) ¹	546.1	844.5	1,110	1,123
Net income ¹	540.2	817.5	1,060	1,067
Net margin	11.6%	12.44%	13.26%	12.9%
EPS ²	0.4400	0.5550	0.7250	0.7300
Free Cash Flow ¹	-	264	612	834
FCF margin	-	4.02%	7.65%	10.08%
FCF Conversion (EBITDA)	-	23.75%	44.17%	61.92%
FCF Conversion (Net income)	-	32.29%	57.71%	78.16%
Dividend per Share ²	-	0.2700	0.3900	0.2600
Announcement Date	2/21/24	-	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q3	2023 Q4	2024 Q1
Net sales ¹	-	1,396	1,373
EBITDA ¹	-	240.7	261.9
EBIT ¹	-	192.9	213.5
Operating Margin	-	13.81%	15.55%
Earnings before Tax (EBT) ¹	-	196.6	204.6
Net income ¹	152.8	189.1	203.5
Net margin	-	13.54%	14.82%
EPS ²	-	0.1300	0.1400
Dividend per Share	-	-	-
Announcement Date	11/9/23	2/21/24	5/10/24

¹THB in Million²THB

Estimates

Balance Sheet Analysis

Fiscal Period: December	2023	2024	2025	2026
Net Debt ¹	-	1,051	985	-
Net Cash position ¹	-	-	-	-
Leverage (Debt/EBITDA)	-	0.9457 x	0.7109 x	-
Free Cash Flow ¹	-	264	612	834
ROE (net income / shareholders' equity)	-	22.5%	26%	21.6%
ROA (Net income/ Total Assets)	-	14.7%	16.9%	15.5%
Assets ¹	-	5,561	6,275	6,884
Book Value Per Share ²	-	2.400	2.700	-
Cash Flow per Share	-	-	-	-
Capex ¹	-	250	200	250
Capex / Sales	-	3.8%	2.5%	3.02%
Announcement Date	2/21/24	-	-	-

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 Thai Coconut Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

13.5 THB

Average target price

13.75 THB

Spread / Average Target

+1.85%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Fruit & Vegetable Processing

	1st Jan change	Capi.
THAI COCONUT CO.,LTD.	+70.89%	540M
CHONGQING FULING ZHACAI GROUP CO., LTD.	+4.20%	2.38B
AGRANA BETEILIGUNGS-AG	-4.61%	905M
LONTRUE CO., LTD.	+44.17%	564M
CALAVO GROWERS, INC.	-2.48%	511M
TIANYUN INTERNATIONAL HOLDINGS LIMITED	-3.03%	405M
TUKAS GIDA SANAYI VE TICARET	+15.23%	360M
CHALKIS HEALTH INDUSTRY CO., LTD	-12.11%	333M
GÖKNUR GIDA MADDELERI ENERJI IMALAT ITHALAT IHRACAT TICARET VE SANAYI ANONIM SIRKETI	+32.31%	280M
BONDUELLE	-27.70%	274M

Fruit & Vegetable Processing