Stock AP AP (THAILAND)
Add to a list
To use this feature you must be a member
Log inSign up

Financials AP (Thailand)

Equities

AP

TH0308010Y08

Real Estate Development & Operations

End-of-day quote Thailand S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
10.5 THB -0.94% Intraday chart for AP (Thailand) 0.00% -7.08%
Apr. 25 AP Public Company Limited Approves the Dividend for the Year 2023, Payable on May 23, 2024 CI
Feb. 20 AP Public Company Limited Proposes Dividend for the Year 2023, Payable on May 23, 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 23,437 22,808 30,043 36,492 35,549 33,032 - -
Enterprise Value (EV) 1 50,474 43,566 48,921 57,612 35,549 57,833 53,773 33,032
P/E ratio 7.6 x 5.41 x 6.63 x 6.2 x 5.89 x 5.38 x 5.14 x 5.12 x
Yield 5.37% 5.52% 5.24% 5.6% - 6.56% 6.76% 6.96%
Capitalization / Revenue 0.98 x 0.76 x 0.94 x 0.95 x 0.93 x 0.82 x 0.78 x 0.78 x
EV / Revenue 2.12 x 1.46 x 1.54 x 1.49 x 0.93 x 1.43 x 1.27 x 0.78 x
EV / EBITDA 17.7 x 12.1 x 10.3 x 9.44 x 5.47 x 8.86 x 7.95 x 4.66 x
EV / FCF -5 x 6.01 x 25.5 x -28.4 x - 9.88 x 16.4 x 8.22 x
FCF Yield -20% 16.6% 3.92% -3.53% - 10.1% 6.1% 12.2%
Price to Book 0.89 x 0.78 x 0.93 x 0.99 x - 0.74 x 0.67 x 0.62 x
Nbr of stocks (in thousands) 3,145,899 3,145,899 3,145,899 3,145,899 3,145,899 3,145,899 - -
Reference price 2 7.450 7.250 9.550 11.60 11.30 10.50 10.50 10.50
Announcement Date 2/25/20 2/23/21 2/22/22 2/21/23 2/20/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 23,802 29,888 31,794 38,539 38,045 40,374 42,205 42,260
EBITDA 1 2,851 3,604 4,760 6,101 6,500 6,531 6,761 7,095
EBIT 1 2,732 3,335 4,668 5,810 6,210 6,327 6,681 6,830
Operating Margin 11.48% 11.16% 14.68% 15.08% 16.32% 15.67% 15.83% 16.16%
Earnings before Tax (EBT) 1 3,645 4,915 5,412 7,106 7,358 7,494 7,765 7,915
Net income 1 3,068 4,227 4,543 5,877 6,054 6,151 6,437 6,423
Net margin 12.89% 14.14% 14.29% 15.25% 15.91% 15.23% 15.25% 15.2%
EPS 2 0.9800 1.340 1.440 1.870 1.920 1.951 2.043 2.052
Free Cash Flow 1 -10,093 7,244 1,918 -2,032 - 5,853 3,280 4,019
FCF margin -42.4% 24.24% 6.03% -5.27% - 14.5% 7.77% 9.51%
FCF Conversion (EBITDA) - 201% 40.29% - - 89.62% 48.52% 56.65%
FCF Conversion (Net income) - 171.39% 42.21% - - 95.16% 50.96% 62.58%
Dividend per Share 2 0.4000 0.4000 0.5000 0.6500 - 0.6884 0.7100 0.7312
Announcement Date 2/25/20 2/23/21 2/22/22 2/21/23 2/20/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales 1 - 13,191 - 17,141 7,152 7,501 10,858 9,862 20,711 8,982 8,846 9,409 9,282 18,691 10,068 9,287 8,428 -
EBITDA 1 - 1,631 - 2,826 932.7 1,002 1,981 - - 1,315 1,237 1,663 1,832 3,495 1,817 1,259 1,428 -
EBIT 1 - 1,499 - 2,688 861.8 931.1 1,911 1,521 - 1,241 1,164 1,592 1,689 3,281 1,744 1,185 1,223 -
Operating Margin - 11.36% - 15.68% 12.05% 12.41% 17.6% 15.43% - 13.81% 13.16% 16.92% 18.19% 17.55% 17.32% 12.76% 14.51% -
Earnings before Tax (EBT) 1 - 1,352 - 3,011 - 1,204 2,130 1,885 - 1,669 1,421 1,787 1,897 3,684 2,034 1,639 1,326 -
Net income 1 - 1,834 - 2,518 1,031 994.1 1,730 1,574 3,304 1,419 1,155 1,478 1,544 3,023 1,696 1,335 1,118 1,335
Net margin - 13.9% - 14.69% 14.42% 13.25% 15.93% 15.96% 15.95% 15.79% 13.06% 15.71% 16.64% 16.17% 16.85% 14.38% 13.27% -
EPS - 0.5830 - - 0.3280 0.3120 0.5500 0.5000 - 0.4510 0.3690 0.4700 0.4910 0.9610 0.5390 0.4200 - -
Dividend per Share 0.4000 - 0.4000 - - - - - - - - - - - - - - -
Announcement Date 2/25/20 8/11/20 2/23/21 8/10/21 11/9/21 2/22/22 5/10/22 8/9/22 8/9/22 11/8/22 2/21/23 5/9/23 8/8/23 8/8/23 11/7/23 2/20/24 - -
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 27,038 20,758 18,877 21,120 - 24,801 20,742 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 9.484 x 5.76 x 3.966 x 3.462 x - 3.798 x 3.068 x -
Free Cash Flow 1 -10,093 7,244 1,918 -2,032 - 5,853 3,280 4,019
ROE (net income / shareholders' equity) 12.1% 15.2% 14.7% 17% - 14.4% 13.6% 12.6%
ROA (Net income/ Total Assets) 5.67% 7.19% 7.63% 9.14% - 7.7% 7.45% 7.07%
Assets 1 54,094 58,759 59,566 64,318 - 79,894 86,422 90,885
Book Value Per Share 2 8.360 9.310 10.30 11.70 - 14.30 15.60 17.00
Cash Flow per Share 2 -3.120 2.330 0.6400 -0.6100 - 1.370 1.860 2.160
Capex 1 283 101 113 128 - 262 336 150
Capex / Sales 1.19% 0.34% 0.36% 0.33% - 0.65% 0.8% 0.35%
Announcement Date 2/25/20 2/23/21 2/22/22 2/21/23 2/20/24 - - -
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 AP (Thailand)

Trading Rating
Investor Rating
ESG Refinitiv
D
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
10.5 THB
Average target price
13.59 THB
Spread / Average Target
+29.44%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Residential Real Estate Development

1st Jan change Capi.
AP (THAILAND) Stock AP (Thailand)
-7.08% 892M
VONOVIA SE Stock Vonovia SE
-8.72% 22.5B
AKELIUS RESIDENTIAL PROPERTY AB Stock Akelius Residential Property AB
+9.54% 10.79B
CHINA VANKE CO., LTD. Stock China Vanke Co., Ltd.
-34.32% 10.32B
DEUTSCHE WOHNEN SE Stock Deutsche Wohnen SE
-28.57% 7.2B
VINHOMES Stock Vinhomes
-5.56% 7.01B
VINGROUP Stock Vingroup
-0.34% 6.53B
LEG IMMOBILIEN SE Stock LEG Immobilien SE
-2.55% 6.09B
OPEN HOUSE GROUP CO., LTD. Stock Open House Group Co., Ltd.
+12.96% 3.57B
IIDA GROUP HOLDINGS CO., LTD. Stock Iida Group Holdings Co., Ltd.
-5.92% 3.54B
Residential Real Estate Development
  1. Stock Market
  2. Equities
  3. AP Stock
  4. Financials AP (Thailand)