Financials CH. Karnchang

Equities

CK

TH0530010Z06

Construction & Engineering

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
21.9 THB -0.45% Intraday chart for CH. Karnchang +0.92% +5.29%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,184 27,521 37,966 40,287 35,233 37,096 - -
Enterprise Value (EV) 1 60,028 62,211 74,548 79,517 35,233 84,643 83,647 37,096
P/E ratio 18.1 x 44.9 x 41.6 x 36.3 x 23.4 x 19.6 x 17.2 x 15.6 x
Yield 2.63% 1.2% 1.09% 1.03% - 1.99% 2.27% 2.6%
Capitalization / Revenue 1.38 x 1.62 x 3.05 x 2.23 x 0.97 x 0.95 x 0.87 x 0.79 x
EV / Revenue 2.58 x 3.66 x 5.98 x 4.39 x 0.97 x 2.16 x 1.96 x 0.79 x
EV / EBITDA 32.2 x 34.6 x 45.1 x 178 x 11.3 x 25.6 x 24 x 13.6 x
EV / FCF 50.7 x -8.71 x -29.4 x - - -136 x -212 x 2,558 x
FCF Yield 1.97% -11.5% -3.4% - - -0.74% -0.47% 0.04%
Price to Book 1.17 x 1.08 x 1.51 x 1.71 x - 1.38 x 1.32 x 1.3 x
Nbr of stocks (in thousands) 1,693,897 1,657,897 1,657,897 1,657,897 1,693,897 1,693,897 - -
Reference price 2 19.00 16.60 22.90 24.30 20.80 21.90 21.90 21.90
Announcement Date 2/28/20 3/1/21 2/28/22 2/27/23 2/29/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 23,283 17,005 12,459 18,097 36,485 39,110 42,783 46,892
EBITDA 1 1,865 1,800 1,652 447.1 3,105 3,306 3,492 2,722
EBIT 1 1,339 1,074 -690.9 -190.8 1,988 1,134 1,102 1,463
Operating Margin 5.75% 6.32% -5.55% -1.05% 5.45% 2.9% 2.58% 3.12%
Earnings before Tax (EBT) 1 1,919 655.3 971.4 1,142 1,678 2,035 2,332 2,564
Net income 1 1,778 612.2 905.7 1,105 1,501 1,874 2,148 2,372
Net margin 7.64% 3.6% 7.27% 6.1% 4.11% 4.79% 5.02% 5.06%
EPS 2 1.050 0.3700 0.5500 0.6700 0.8900 1.115 1.272 1.404
Free Cash Flow 1 1,184 -7,147 -2,536 - - -623.7 -394.5 14.5
FCF margin 5.09% -42.03% -20.35% - - -1.59% -0.92% 0.03%
FCF Conversion (EBITDA) 63.48% - - - - - - 0.53%
FCF Conversion (Net income) 66.6% - - - - - - 0.61%
Dividend per Share 2 0.5000 0.2000 0.2500 0.2500 - 0.4367 0.4967 0.5700
Announcement Date 2/28/20 3/1/21 2/28/22 2/27/23 2/29/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales - 6,259 2,515 3,622 7,039 3,474 10,514 3,663 3,920 9,425 9,220 8,925 8,915 - -
EBITDA 438.6 - 865.9 231.9 624.8 373.2 914.2 730.1 46.01 - - 870.3 487.3 - -
EBIT - -335.3 -193.2 -179.7 365.4 -251.9 -130.3 -174.1 -75.21 - 209.1 - - - -
Operating Margin - -5.36% -7.68% -4.96% 5.19% -7.25% -1.24% -4.75% -1.92% - 2.27% - - - -
Earnings before Tax (EBT) -28.92 536.4 287.3 147.7 118.9 305 423.8 605.4 112.3 - - 681 626.7 - -
Net income 1 -49.84 525.9 275.2 104.6 121.4 299.6 421 571.4 112.3 217.5 486.2 641 156.3 240 490
Net margin - 8.4% 10.94% 2.89% 1.72% 8.62% 4% 15.6% 2.86% 2.31% 5.27% 7.18% 1.75% - -
EPS -0.0300 0.3200 0.1700 0.0700 0.0700 0.1800 0.2500 0.3450 0.0710 0.1300 0.2900 0.3780 0.0910 - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 8/14/20 8/16/21 11/15/21 2/28/22 5/17/22 8/15/22 8/15/22 11/14/22 2/27/23 5/15/23 8/15/23 11/14/23 2/29/24 - -
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 27,844 34,690 36,582 39,230 - 47,546 46,550 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 14.93 x 19.27 x 22.15 x 87.74 x - 14.38 x 13.33 x -
Free Cash Flow 1 1,184 -7,147 -2,536 - - -624 -395 14.5
ROE (net income / shareholders' equity) 6.73% 2.3% 3.52% 4.45% - 7.26% 7.87% 8.18%
ROA (Net income/ Total Assets) 2.14% 0.74% 1.09% 1.31% - 2.91% 3.08% 4.04%
Assets 1 83,035 82,679 83,097 84,289 - 64,519 69,811 58,703
Book Value Per Share 2 16.20 15.40 15.20 14.20 - 15.80 16.60 16.80
Cash Flow per Share 2 2.020 -3.910 -1.130 -1.830 - 1.160 0.6100 2.060
Capex 1 2,244 588 657 387 - 2,683 2,079 2,444
Capex / Sales 9.64% 3.45% 5.27% 2.14% - 6.86% 4.86% 5.21%
Announcement Date 2/28/20 3/1/21 2/28/22 2/27/23 2/29/24 - - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
21.9 THB
Average target price
26.39 THB
Spread / Average Target
+20.49%
Consensus
  1. Stock Market
  2. Equities
  3. CK Stock
  4. Financials CH. Karnchang