Financials A.J. Plast

Equities

AJ

TH0214010Z07

Non-Paper Containers & Packaging

End-of-day quote Thailand S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
5.9 THB 0.00% Intraday chart for A.J. Plast 0.00% -9.92%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,255 3,295 8,272 7,612 5,588 2,882
Enterprise Value (EV) 1 6,966 6,741 11,262 10,652 11,796 10,555
P/E ratio 181 x 14 x 14.2 x 17.8 x 189 x -7.85 x
Yield 0.37% 3.64% 3.72% 3.76% 2.99% -
Capitalization / Revenue 0.42 x 0.48 x 1.14 x 0.82 x 0.62 x 0.38 x
EV / Revenue 0.9 x 0.98 x 1.55 x 1.14 x 1.3 x 1.38 x
EV / EBITDA 18.5 x 15.7 x 13.2 x 11.2 x 35.3 x -75.9 x
EV / FCF -12.7 x 40.1 x 26 x 28.2 x -4.1 x -8.39 x
FCF Yield -7.88% 2.5% 3.84% 3.54% -24.4% -11.9%
Price to Book 0.95 x 0.92 x 1.77 x 1.6 x 1.24 x 0.69 x
Nbr of stocks (in thousands) 399,439 399,439 440,000 440,000 440,000 440,000
Reference price 2 8.150 8.250 18.80 17.30 12.70 6.550
Announcement Date 2/27/19 2/20/20 2/28/21 2/27/22 3/1/23 2/29/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 7,770 6,870 7,270 9,335 9,062 7,664
EBITDA 1 376.5 428 856 950.2 334.5 -139.1
EBIT 1 -10.62 152.9 564.7 671.4 58.9 -440
Operating Margin -0.14% 2.23% 7.77% 7.19% 0.65% -5.74%
Earnings before Tax (EBT) 1 17.98 236.2 532.3 417.5 23.72 -492
Net income 1 17.98 236.2 532.3 428.6 29.61 -367
Net margin 0.23% 3.44% 7.32% 4.59% 0.33% -4.79%
EPS 2 0.0450 0.5912 1.328 0.9741 0.0673 -0.8341
Free Cash Flow 1 -549.2 168.2 433 377.3 -2,876 -1,258
FCF margin -7.07% 2.45% 5.96% 4.04% -31.74% -16.42%
FCF Conversion (EBITDA) - 39.31% 50.58% 39.71% - -
FCF Conversion (Net income) - 71.24% 81.35% 88.04% - -
Dividend per Share 2 0.0300 0.3000 0.7000 0.6500 0.3800 -
Announcement Date 2/27/19 2/20/20 2/28/21 2/27/22 3/1/23 2/29/24
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q3
Net sales 1 - 2,683 2,580 - 2,236 1,660 1,966
EBITDA 1 - 227.7 221.9 - 38.8 -139.8 10.78
EBIT 1 - 156.9 146.5 - -37.35 -219.4 -74.72
Operating Margin - 5.85% 5.68% - -1.67% -13.22% -3.8%
Earnings before Tax (EBT) 1 - - - - - -201.1 -121.9
Net income 1 -40.69 195.7 142.7 125 -42.93 -195.2 -56.31
Net margin - 7.29% 5.53% - -1.92% -11.76% -2.86%
EPS -0.0930 - - 0.2800 - - -
Dividend per Share - - - - - - -
Announcement Date 11/12/21 2/27/22 5/11/22 8/11/22 11/13/22 3/1/23 11/13/23
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,711 3,446 2,990 3,040 6,208 7,673
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 9.857 x 8.051 x 3.492 x 3.199 x 18.56 x -55.17 x
Free Cash Flow 1 -549 168 433 377 -2,876 -1,258
ROE (net income / shareholders' equity) 0.52% 6.74% 12.9% 8.72% 0.49% -8.62%
ROA (Net income/ Total Assets) -0.08% 1.07% 3.88% 4.22% 0.31% -2%
Assets 1 -23,946 21,983 13,727 10,168 9,487 18,362
Book Value Per Share 2 8.540 9.000 10.70 10.80 10.30 9.450
Cash Flow per Share 2 0.0100 0.0200 0.0300 0.1900 0.4200 0.0700
Capex 1 939 162 496 406 2,723 827
Capex / Sales 12.09% 2.36% 6.82% 4.35% 30.04% 10.79%
Announcement Date 2/27/19 2/20/20 2/28/21 2/27/22 3/1/23 2/29/24
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

Quarterly revenue - Rate of surprise

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