Ratings Bangkok Expressway and Metro

Equities

BEM

TH6999010007

End-of-day quote Thailand S.E. Other stock markets 06:00:00 2024-04-18 pm EDT			5-day change	1st Jan Change
8.05 ^THB	-3.01%		-3.59%	+1.26%

Apr. 10	Bangkok Expressway and Metro Public Company Limited Approves Dividend for the Year 2023, Payable on May 3, 2024	CI
Feb. 28	Bangkok Expressway and Metro Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Summary

Overall, the company has poor fundamentals for a medium to long-term investment strategy.
From a short-term investment perspective, the company presents a deteriorated fundamental situation

Strengths

The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
The group's activity appears highly profitable thanks to its outperforming net margins.
Analysts covering this company mostly recommend stock overweighting or purchase.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Analyst opinion has improved significantly over the past four months.
Over the past twelve months, analysts' opinions have been strongly revised upwards.
The divergence of price targets given by the various analysts who make up the consensus is relatively low, suggesting a consensus method of evaluating the company and its prospects.

Weaknesses

The company is in a hindered financial situation with significant debt and rather low EBITDA levels.
The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 32.04 times its estimated earnings per share for the ongoing year.
Based on current prices, the company has particularly high valuation levels.
In relation to the value of its tangible assets, the company's valuation appears relatively high.
The company is highly valued given the cash flows generated by its activity.
The company's earnings releases usually do not meet expectations.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector: Highways & Rail Tracks

	1st Jan change	Capi.	Investor Rating	ESG Refinitiv
BANGKOK EXPRESSWAY AND METRO	+1.26%	3.42B		C+
TRANSURBAN GROUP	-7.00%	25.51B		A-
CHINA MERCHANTS EXPRESSWAY NETWORK & TECHNOLOGY HOLDINGS CO.,LTD.	+22.42%	11.18B		C+
JIANGSU EXPRESSWAY COMPANY LIMITED	+12.54%	7.53B		B-
SALIK COMPANY	+15.76%	7.39B		-
IMPULSORA DEL DESARROLLO Y EL EMPLEO EN AMÉRICA LATINA, S.A.B. DE C.V.	+5.41%	6.51B	-	B
SHANDONG HI-SPEED COMPANY LIMITED	+30.98%	6.03B		B-
ATLAS ARTERIA LIMITED	-7.27%	5.06B		B-
GRUPO CCR S.A.	-10.72%	4.89B		B
PROMOTORA Y OPERADORA DE INFRAESTRUCTURA, S. A. B. DE C. V.	-4.84%	4.22B		D

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Environment

Emissions

Innovation

Use of resources

Governance

CSR Strategy

Management

Shareholders

Controversy

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes