Financials Com7

Equities

End-of-day quote Thailand S.E. Other stock markets 2025-12-04			5-day change	1st Jan Change
21.20 ^THB	-1.40%		-3.20%	-19.24%

Nov. 25	KGI Securities Upgrades Com7 to Outperform from Neutral; Price Target is THB24.30	MT
Nov. 12	Com7 posts quarterly profit attributable of 872 million baht	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	37,306	51,126	62,733	69,559	79,074	85,565	93,149	100,040
Change	-	37.05%	22.7%	10.88%	13.68%	8.21%	8.86%	7.4%
EBITDA ¹	2,354	3,872	4,636	4,712	5,328	6,004	6,730	7,310
Change	-	64.47%	19.74%	1.63%	13.09%	12.69%	12.09%	8.61%
EBIT ¹	1,724	3,084	3,840	3,804	4,307	4,986	5,547	5,967
Change	-	78.9%	24.49%	-0.94%	13.25%	15.76%	11.23%	7.58%
Interest Paid ¹	-53.15	-47.89	-103	-232.5	-306.3	-317.5	-319.6	-323.8
Earnings before Tax (EBT) ¹	1,823	3,183	3,832	3,522	3,995	4,769	5,308	5,729
Change	-	74.6%	20.4%	-8.11%	13.43%	19.38%	11.3%	7.94%
Net income ¹	1,491	2,630	3,038	2,857	3,307	3,936	4,385	4,739
Change	-	76.46%	15.49%	-5.94%	15.75%	19.01%	11.41%	8.07%
Announcement Date	2/23/21	2/27/22	2/23/23	2/22/24	2/24/25	-	-	-

¹THB in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3
Net sales ¹	12,444	11,963	-	-	-	14,646	-	14,888	18,778	17,309	15,990	16,321	19,995	19,236	18,394	17,983	23,461	20,895	20,713	19,203
Change	-	-3.86%	-	-	-	-	-	-	26.13%	-7.82%	-7.62%	2.07%	22.51%	-3.8%	-4.37%	-2.23%	30.46%	-10.94%	-0.87%	-7.29%
EBITDA ¹	789.1	894.6	895.9	900.5	1,181	1,196	973.3	1,147	1,548	1,355	1,224	1,052	1,096	-	1,215	-	1,631	1,512	1,485	1,338
Change	-	13.37%	0.14%	0.51%	31.14%	1.29%	-18.63%	17.83%	34.94%	-12.42%	-9.71%	-14.06%	4.26%	-	-	-	-	-7.29%	-1.76%	-9.95%
EBIT ¹	657.2	702.6	701.3	703.9	976.6	993.4	775.7	952.4	1,346	1,146	999.9	807.5	865.5	-	960.7	904.9	1,375	1,270	1,223	1,033
Change	-	6.92%	-0.19%	0.37%	38.74%	1.72%	-21.92%	22.78%	41.35%	-14.85%	-12.77%	-19.24%	7.18%	-	-	-5.81%	51.98%	-7.64%	-3.73%	-15.49%
Charge d'intérêts	-10.05	-9.25	-12.1	-13.68	-12.86	-18.14	-24.11	-25	-35.77	-39.3	-53.38	-69.54	-70.24	-70.63	-75.15	-87.64	-72.84	-75.31	-70.1	-
Earnings before Tax (EBT) ¹	-	-	689	-	-	-	752.3	-	1,176	1,073	871.3	739.6	837.8	966.5	890.9	850.4	1,287	1,172	1,203	1,054
Change	-	-	-	-	-	-	-	-	-	-8.79%	-18.8%	-15.12%	13.28%	15.36%	-7.82%	-4.55%	51.3%	-8.94%	2.69%	-12.39%
Net income ¹	556	565.6	587	570.5	907.2	783.2	620	724.7	909.8	873.7	704.1	611.4	668	821.8	752.3	708.8	1,024	980.7	1,003	872
Change	-	1.73%	3.79%	-2.82%	59.02%	-13.67%	-20.84%	16.88%	25.54%	-3.96%	-19.41%	-13.17%	9.25%	23.02%	-8.46%	-5.78%	44.53%	-4.27%	2.29%	-13.07%
Announcement Date	2/23/21	5/12/21	8/10/21	11/11/21	2/27/22	5/12/22	8/11/22	11/11/22	2/23/23	5/12/23	8/8/23	11/10/23	2/22/24	5/16/24	8/14/24	11/12/24	2/24/25	5/14/25	8/14/25	11/12/25

¹THB in Million

Estimates

Fiscal Period: December	2021 S1	2022 S1	2025 S1
Net sales ¹	-	-	41,608
Change	-	-	-
EBITDA	1,787	2,169	-
Change	-	21.43%	-
EBIT	1,400	1,769	-
Change	-	26.36%	-
Charge d'intérêts	-21.35	-42.25	-
Earnings before Tax (EBT)	-	-	-
Change	-	-	-
Net income ¹	1,153	1,403	1,984
Change	-	21.74%	41.37%
Announcement Date	8/10/21	8/11/22	8/14/25

¹THB in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,118	2,822	4,315	6,708	7,560	8,568	9,606	8,508
Change	-	152.42%	52.91%	55.46%	12.7%	13.33%	12.11%	-11.43%
Announcement Date	2/23/21	2/27/22	2/23/23	2/22/24	2/24/25	-	-	-

¹THB in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	212.9	297.7	493.3	861.3	450.6	1,124	1,214	1,002
Change	-	39.85%	65.72%	74.61%	-47.68%	149.5%	7.95%	-17.42%
Free Cash Flow (FCF) ¹	2,096	262.1	1,150	48.57	1,702	4,078	3,305	4,182
Change	-	-87.49%	338.87%	-95.78%	3,405%	139.53%	-18.94%	26.54%
Announcement Date	2/23/21	2/27/22	2/23/23	2/22/24	2/24/25	-	-	-

¹THB in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	6.31%	7.57%	7.39%	6.77%	6.74%	7.02%	7.23%	7.31%
EBIT Margin (%)	4.62%	6.03%	6.12%	5.47%	5.45%	5.83%	5.95%	5.96%
EBT Margin (%)	4.89%	6.23%	6.11%	5.06%	5.05%	5.57%	5.7%	5.73%
Net margin (%)	4%	5.14%	4.84%	4.11%	4.18%	4.6%	4.71%	4.74%
FCF margin (%)	5.62%	0.51%	1.83%	0.07%	2.15%	4.77%	3.55%	4.18%
FCF / Net Income (%)	140.57%	9.97%	37.87%	1.7%	51.48%	103.6%	75.37%	88.25%
Profitability
ROA	16.23%	20.9%	17.3%	13.79%	13.33%	14.05%	13.93%	13.78%
ROE	41.26%	57.58%	48.84%	37.59%	39.38%	40.89%	37.51%	34.36%
Financial Health
Leverage (Debt/EBITDA)	0.47x	0.73x	0.93x	1.42x	1.42x	1.43x	1.43x	1.16x
Debt / Free cash flow	0.53x	10.76x	3.75x	138.1x	4.44x	2.1x	2.91x	2.03x
Capital Intensity
CAPEX / Current Assets (%)	0.57%	0.58%	0.79%	1.24%	0.57%	1.31%	1.3%	1%
CAPEX / EBITDA (%)	9.04%	7.69%	10.64%	18.28%	8.46%	18.73%	18.03%	13.71%
CAPEX / FCF (%)	10.16%	113.56%	42.88%	1,773.37%	26.47%	27.57%	36.72%	23.96%
Items per share
Cash flow per share ¹	0.9601	0.2328	0.6849	0.3791	0.9077	1.915	1.944	2.158
Change	-	-75.75%	194.13%	-44.65%	139.44%	111.01%	1.51%	11.01%
Dividend per Share ¹	0.5	0.5	0.75	0.7	-	0.9914	1.118	1.214
Change	-	0%	50%	-6.67%	-	-	12.82%	8.54%
Book Value Per Share ¹	1.605	2.202	3	3.374	3.69	4.4	5.285	6.218
Change	-	37.19%	36.23%	12.47%	9.35%	19.25%	20.11%	17.67%
EPS ¹	0.62	1.095	1.27	1.19	1.39	1.637	1.818	1.978
Change	-	76.61%	15.98%	-6.3%	16.81%	17.79%	11.04%	8.79%
Nbr of stocks (in thousands)	2,400,000	2,400,000	2,384,998	2,384,998	2,354,998	2,384,998	2,384,998	2,384,998
Announcement Date	2/23/21	2/27/22	2/23/23	2/22/24	2/24/25	-	-	-