Financials Areeya Property

Equities

A

TH0770010Z08

Real Estate Development & Operations

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
5 THB 0.00% Intraday chart for Areeya Property +0.40% -1.96%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,517 6,027 4,900 4,900 4,880 4,998
Enterprise Value (EV) 1 15,879 15,279 12,920 13,008 13,564 14,114
P/E ratio 212 x -21.5 x 25.1 x -13.5 x 40.3 x -12.9 x
Yield - - 0.6% - - -
Capitalization / Revenue 1.61 x 2.02 x 0.86 x 1.5 x 1.47 x 1.89 x
EV / Revenue 3.93 x 5.12 x 2.26 x 3.98 x 4.1 x 5.35 x
EV / EBITDA 46 x 291 x 19.8 x 385 x 44 x -238 x
EV / FCF -39.5 x 274 x 7.49 x -16.2 x -262 x 24.5 x
FCF Yield -2.53% 0.37% 13.3% -6.18% -0.38% 4.08%
Price to Book 1.96 x 1.94 x 1.5 x 1.7 x 1.62 x 1.87 x
Nbr of stocks (in thousands) 980,000 980,000 980,000 980,000 980,000 980,000
Reference price 2 6.650 6.150 5.000 5.000 4.980 5.100
Announcement Date 2/27/19 3/2/20 3/1/21 3/1/22 2/27/23 2/22/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,036 2,984 5,716 3,265 3,309 2,639
EBITDA 1 345 52.43 652.7 33.79 308.1 -59.23
EBIT 1 292.8 16.42 630.6 32.75 307.3 -60.92
Operating Margin 7.25% 0.55% 11.03% 1% 9.29% -2.31%
Earnings before Tax (EBT) 1 66.23 -312 274.8 -329.7 154.7 -412.2
Net income 1 30.79 -280.6 194.9 -345.6 134.3 -374.3
Net margin 0.76% -9.4% 3.41% -10.58% 4.06% -14.18%
EPS 2 0.0314 -0.2863 0.1988 -0.3701 0.1235 -0.3954
Free Cash Flow 1 -402 55.77 1,724 -803.7 -51.75 575.4
FCF margin -9.96% 1.87% 30.16% -24.61% -1.56% 21.8%
FCF Conversion (EBITDA) - 106.37% 264.18% - - -
FCF Conversion (Net income) - - 884.8% - - -
Dividend per Share - - 0.0300 - - -
Announcement Date 2/27/19 3/2/20 3/1/21 3/1/22 2/27/23 2/22/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 9,362 9,252 8,020 8,108 8,684 9,116
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 27.13 x 176.5 x 12.29 x 240 x 28.18 x -153.9 x
Free Cash Flow 1 -402 55.8 1,724 -804 -51.8 575
ROE (net income / shareholders' equity) 0.92% -8.33% 5.59% -10.3% 4.23% -12.2%
ROA (Net income/ Total Assets) 1.32% 0.07% 2.77% 0.16% 1.47% -0.28%
Assets 1 2,339 -404,914 7,027 -219,824 9,141 132,538
Book Value Per Share 2 3.400 3.170 3.340 2.950 3.080 2.720
Cash Flow per Share 2 0.0900 0.0700 0.0800 0.5100 0.1400 0.1500
Capex 1 29.7 12.5 1.31 206 1.87 1.83
Capex / Sales 0.74% 0.42% 0.02% 6.31% 0.06% 0.07%
Announcement Date 2/27/19 3/2/20 3/1/21 3/1/22 2/27/23 2/22/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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