Financials Asian Insulators

Equities

AI

TH0790B10Z06

Renewable Fuels

End-of-day quote Thailand S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
4.08 THB +0.49% Intraday chart for Asian Insulators +0.49% -5.12%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,256 2,940 5,544 4,830 4,200 3,010
Enterprise Value (EV) 1 3,568 2,573 4,545 3,785 3,471 2,418
P/E ratio 13.2 x 9.95 x 7.4 x 10.9 x 33 x 25.2 x
Yield 7.89% 11.4% 7.58% 10.1% 7.5% 4.65%
Capitalization / Revenue 1.63 x 0.97 x 0.83 x 0.67 x 0.48 x 0.34 x
EV / Revenue 1.37 x 0.85 x 0.68 x 0.52 x 0.4 x 0.28 x
EV / EBITDA 7.59 x 6.45 x 3.96 x 4.48 x 10.8 x 7.44 x
EV / FCF 78.3 x -20.1 x 6.55 x 7.45 x 11.5 x -11.5 x
FCF Yield 1.28% -4.98% 15.3% 13.4% 8.67% -8.71%
Price to Book 1.73 x 1.21 x 1.95 x 1.81 x 1.81 x 1.36 x
Nbr of stocks (in thousands) 699,999 699,999 699,999 699,999 699,999 699,999
Reference price 2 6.080 4.200 7.920 6.900 6.000 4.300
Announcement Date 2/26/19 2/24/20 2/18/21 2/18/22 2/17/23 2/20/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,608 3,038 6,658 7,250 8,716 8,748
EBITDA 1 470.1 399.1 1,147 845.3 321.1 325.2
EBIT 1 327.5 238.2 965.8 654.2 146.2 156
Operating Margin 12.56% 7.84% 14.51% 9.02% 1.68% 1.78%
Earnings before Tax (EBT) 1 307.4 248.4 989.8 647.7 155.1 161.3
Net income 1 322.7 295.4 749.5 444.1 127.3 119.5
Net margin 12.37% 9.72% 11.26% 6.13% 1.46% 1.37%
EPS 2 0.4610 0.4220 1.071 0.6344 0.1819 0.1708
Free Cash Flow 1 45.58 -128.2 693.8 508 300.9 -210.7
FCF margin 1.75% -4.22% 10.42% 7.01% 3.45% -2.41%
FCF Conversion (EBITDA) 9.7% - 60.47% 60.1% 93.7% -
FCF Conversion (Net income) 14.12% - 92.58% 114.4% 236.29% -
Dividend per Share 2 0.4800 0.4800 0.6000 0.7000 0.4500 0.2000
Announcement Date 2/26/19 2/24/20 2/18/21 2/18/22 2/17/23 2/20/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 688 367 999 1,045 729 592
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 45.6 -128 694 508 301 -211
ROE (net income / shareholders' equity) 9.68% 7.56% 27.8% 16.8% 3.55% 4.42%
ROA (Net income/ Total Assets) 6.22% 4.26% 15.6% 9.61% 2.27% 2.64%
Assets 1 5,188 6,942 4,817 4,619 5,605 4,519
Book Value Per Share 2 3.520 3.460 4.050 3.810 3.310 3.160
Cash Flow per Share 2 0.1800 0.2100 1.120 0.6300 0.4600 0.4000
Capex 1 282 244 60.9 65.2 81.4 423
Capex / Sales 10.8% 8.05% 0.91% 0.9% 0.93% 4.84%
Announcement Date 2/26/19 2/24/20 2/18/21 2/18/22 2/17/23 2/20/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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