Financials Bualuang Office Leasehold Real Estate Investment Trust

Equities

B-WORK

TH8427010005

Commercial REITs

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
4.2 THB -0.94% Intraday chart for Bualuang Office Leasehold Real Estate Investment Trust 0.00% -6.67%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,946 4,462 4,131 3,909 3,651 1,660
Enterprise Value (EV) 1 4,731 5,296 4,843 4,576 4,192 2,181
P/E ratio 18.6 x 16.4 x 9.52 x 10.6 x 8.76 x -11.2 x
Yield 4.93% 6.25% 6.88% 7.38% 7.16% 17.1%
Capitalization / Revenue 7.15 x 7.7 x 7.18 x 6.74 x 6.03 x 2.69 x
EV / Revenue 8.57 x 9.14 x 8.41 x 7.89 x 6.93 x 3.53 x
EV / EBITDA - - - - - -
EV / FCF - 53,802,290 x 14,450,878 x 23,933,628 x 19,051,057 x 19,634,996 x
FCF Yield - 0% 0% 0% 0% 0%
Price to Book 1.07 x 1.21 x 1.07 x 1 x 0.9 x 0.45 x
Nbr of stocks (in thousands) 368,800 368,800 368,800 368,800 368,800 368,800
Reference price 2 10.70 12.10 11.20 10.60 9.900 4.500
Announcement Date 2/25/19 2/27/20 2/24/21 2/25/22 2/24/23 2/23/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 552.2 579.5 575.6 579.8 605.3 618
EBITDA - - - - - -
EBIT 1 336.6 354.2 353.1 363.3 371.8 381.8
Operating Margin 60.96% 61.12% 61.34% 62.65% 61.43% 61.78%
Earnings before Tax (EBT) 1 212.4 271.4 434 367.8 416.8 -148.5
Net income 1 212.4 271.4 434 367.8 416.8 -148.5
Net margin 38.46% 46.83% 75.4% 63.44% 68.86% -24.03%
EPS 2 0.5758 0.7358 1.177 0.9974 1.130 -0.4026
Free Cash Flow - 98.44 335.1 191.2 220 111.1
FCF margin - 16.99% 58.22% 32.98% 36.35% 17.97%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - 36.27% 77.22% 51.98% 52.79% -
Dividend per Share 2 0.5273 0.7558 0.7709 0.7825 0.7084 0.7696
Announcement Date 2/25/19 2/27/20 2/24/21 2/25/22 2/24/23 2/23/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 785 834 712 667 541 521
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - 98.4 335 191 220 111
ROE (net income / shareholders' equity) - 7.33% 11.5% 9.46% 10.4% -3.83%
ROA (Net income/ Total Assets) - 4.55% 4.47% 4.51% 4.54% 4.83%
Assets 1 - 5,969 9,699 8,148 9,190 -3,074
Book Value Per Share 2 10.00 10.00 10.40 10.70 11.10 9.940
Cash Flow per Share 2 0.3700 0.2300 0.5600 0.4700 0.3300 0.3100
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 2/25/19 2/27/20 2/24/21 2/25/22 2/24/23 2/23/24
1THB in Million2THB
Estimates
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