ARROW SYNDICATE |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6 THB | 0.00% |
|
-1.64% | -3.23% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,256 | 1,848 | 2,094 | 1,888 | 1,593 | 1,541 |
| Enterprise Value (EV) 1 | 2,256 | 1,848 | 2,094 | 1,888 | 1,593 | 1,541 |
| P/E ratio | 10.9 x | 11 x | 16.3 x | 20.4 x | 15.5 x | 11.3 x |
| Yield | 6.21% | 6.9% | 5.52% | 4.76% | 5.65% | 6.17% |
| Capitalization / Revenue | 1.56 x | 1.43 x | 1.97 x | 1.4 x | 1.19 x | 0.97 x |
| EV / Revenue | 1.56 x | 1.43 x | 1.97 x | 1.4 x | 1.19 x | 0.97 x |
| EV / EBITDA | 8,663,210 x | 6,619,797 x | 9,444,761 x | 10,898,534 x | 9,017,625 x | - |
| EV / FCF | 13.8 x | 20.6 x | 10.2 x | -66.3 x | 5.04 x | 6.99 x |
| FCF Yield | 7.23% | 4.85% | 9.83% | -1.51% | 19.9% | 14.3% |
| Price to Book | 1.87 x | 1.5 x | 1.72 x | 1.52 x | 1.27 x | - |
| Nbr of stocks (in thousands) | 254,910 | 254,910 | 256,897 | 256,897 | 256,897 | 256,897 |
| Reference price 2 | 8.850 | 7.250 | 8.150 | 7.350 | 6.200 | 6.000 |
| Announcement Date | 2/28/20 | 2/23/21 | 2/23/22 | 2/23/23 | 2/22/24 | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,451 | 1,294 | 1,065 | 1,345 | 1,336 | 1,591 |
| EBITDA | 260.4 | 279.2 | 221.7 | 173.3 | 176.6 | - |
| EBIT 1 | 222.5 | 236.4 | 178 | 130.6 | 135.7 | 192.5 |
| Operating Margin | 15.33% | 18.27% | 16.72% | 9.71% | 10.15% | 12.1% |
| Earnings before Tax (EBT) 1 | 214.6 | 212.5 | 170.1 | 115.4 | 126.4 | 170 |
| Net income 1 | 205.5 | 169 | 128.7 | 92.63 | 101.6 | 136 |
| Net margin | 14.16% | 13.06% | 12.09% | 6.88% | 7.6% | 8.55% |
| EPS 2 | 0.8100 | 0.6600 | 0.5000 | 0.3600 | 0.4000 | 0.5300 |
| Free Cash Flow 1 | 163 | 89.72 | 205.8 | -28.47 | 316.2 | 220.5 |
| FCF margin | 11.24% | 6.93% | 19.33% | -2.12% | 23.66% | 13.86% |
| FCF Conversion (EBITDA) | 62.61% | 32.14% | 92.84% | - | 179.03% | - |
| FCF Conversion (Net income) | 79.34% | 53.09% | 159.87% | - | 311.13% | 162.13% |
| Dividend per Share 2 | 0.5500 | 0.5000 | 0.4500 | 0.3500 | 0.3500 | 0.3700 |
| Announcement Date | 2/28/20 | 2/23/21 | 2/23/22 | 2/23/23 | 2/22/24 | - |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 163 | 89.7 | 206 | -28.5 | 316 | 221 |
| ROE (net income / shareholders' equity) | 17.8% | 13.8% | 10.4% | 7.39% | 8.1% | 10.1% |
| ROA (Net income/ Total Assets) | 13.5% | 10.5% | 8% | 5.59% | 6.3% | 7.3% |
| Assets 1 | 1,520 | 1,606 | 1,608 | 1,657 | 1,613 | 1,863 |
| Book Value Per Share | 4.730 | 4.850 | 4.740 | 4.840 | 4.890 | - |
| Cash Flow per Share | - | - | - | - | - | - |
| Capex 1 | - | 103 | 13.9 | 34 | 33.8 | 49.6 |
| Capex / Sales | - | 7.94% | 1.31% | 2.53% | 2.53% | 3.12% |
| Announcement Date | 2/28/20 | 2/23/21 | 2/23/22 | 2/23/23 | 2/22/24 | - |
1THB in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
6
THB
Average target price
8.5
THB
Spread / Average Target
+41.67%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -3.23% | 42.67M | |
| +1.55% | 147B | |
| +26.06% | 139B | |
| +37.13% | 132B | |
| +15.98% | 64.57B | |
| +1.16% | 38.61B | |
| +101.56% | 36.24B | |
| +7.40% | 32.53B | |
| -13.12% | 30.75B | |
| +7.44% | 28.73B |
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