Financials Crown Seal

Equities

CSC

TH0026010007

Non-Paper Containers & Packaging

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
42.75 THB -1.72% Intraday chart for Crown Seal +1.79% -4.47%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,106 2,717 2,730 2,522 2,509 2,327
Enterprise Value (EV) 1 1,101 1,590 1,468 1,455 1,712 1,126
P/E ratio 6.48 x 7.9 x 10.7 x 13.2 x 10.4 x 13.3 x
Yield 3.7% 7.46% 4.67% 3.71% 4.56% 4.09%
Capitalization / Revenue 0.74 x 0.86 x 0.98 x 0.87 x 0.68 x 0.65 x
EV / Revenue 0.39 x 0.5 x 0.53 x 0.5 x 0.46 x 0.31 x
EV / EBITDA 2.48 x 3.13 x 3.07 x 3.54 x 3.71 x 2.58 x
EV / FCF 41.9 x -32.7 x 5.43 x -10.3 x -8.92 x 2.1 x
FCF Yield 2.39% -3.06% 18.4% -9.66% -11.2% 47.6%
Price to Book 0.64 x 0.76 x 0.75 x 0.68 x 0.65 x 0.59 x
Nbr of stocks (in thousands) 52,001 52,001 52,001 52,001 52,001 52,001
Reference price 2 40.50 52.25 52.50 48.50 48.25 44.75
Announcement Date 2/22/19 2/26/20 2/18/21 2/28/22 2/24/23 2/29/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,852 3,148 2,792 2,896 3,706 3,596
EBITDA 1 444.2 508.4 477.7 410.5 461 436.1
EBIT 1 276.2 340 299.3 216.3 248 216.2
Operating Margin 9.69% 10.8% 10.72% 7.47% 6.69% 6.01%
Earnings before Tax (EBT) 1 412.4 421.1 315.6 233.1 298.1 231.2
Net income 1 330.2 349 258.4 193.7 246 177.4
Net margin 11.58% 11.08% 9.25% 6.69% 6.64% 4.93%
EPS 2 6.250 6.610 4.890 3.670 4.660 3.360
Free Cash Flow 1 26.26 -48.63 270.1 -140.6 -191.9 536.6
FCF margin 0.92% -1.54% 9.67% -4.85% -5.18% 14.92%
FCF Conversion (EBITDA) 5.91% - 56.54% - - 123.05%
FCF Conversion (Net income) 7.95% - 104.5% - - 302.48%
Dividend per Share 2 1.500 3.900 2.450 1.800 2.200 1.830
Announcement Date 2/22/19 2/26/20 2/18/21 2/28/22 2/24/23 2/29/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,005 1,127 1,262 1,067 797 1,201
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 26.3 -48.6 270 -141 -192 537
ROE (net income / shareholders' equity) 10.2% 9.95% 7.05% 5.2% 6.39% 4.48%
ROA (Net income/ Total Assets) 4.4% 4.98% 4.21% 3% 3.36% 2.84%
Assets 1 7,501 7,002 6,135 6,466 7,322 6,251
Book Value Per Share 2 63.80 68.90 69.90 71.20 74.80 75.30
Cash Flow per Share 2 5.660 2.790 4.390 2.590 3.600 4.780
Capex 1 239 320 250 263 150 154
Capex / Sales 8.38% 10.16% 8.96% 9.08% 4.05% 4.28%
Announcement Date 2/22/19 2/26/20 2/18/21 2/28/22 2/24/23 2/29/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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