Financials Eason & Co

Equities

EASON

TH0861010Z05

Commodity Chemicals

End-of-day quote Thailand S.E. 06:00:00 2024-05-20 pm EDT 5-day change 1st Jan Change
1.37 THB +14.17% Intraday chart for Eason & Co +15.13% +5.38%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,224 867.2 753.8 906.8 731.1 736.8
Enterprise Value (EV) 1 1,130 723.4 683.9 719.3 496.6 300.3
P/E ratio 20.5 x -34.6 x -4.67 x -13.7 x 11.4 x 6.01 x
Yield 3.24% - - - 7.75% 3.85%
Capitalization / Revenue 2.28 x 1.73 x 1.54 x 1.7 x 1.04 x 0.98 x
EV / Revenue 2.1 x 1.44 x 1.4 x 1.35 x 0.71 x 0.4 x
EV / EBITDA 13 x 11.2 x 7.27 x 6.15 x 5.13 x 3.1 x
EV / FCF 36 x 11.8 x -172 x 17.3 x 5.93 x 3.58 x
FCF Yield 2.78% 8.44% -0.58% 5.77% 16.9% 27.9%
Price to Book 1.03 x 0.78 x 0.8 x 0.92 x 0.72 x 0.68 x
Nbr of stocks (in thousands) 566,765 566,765 566,765 566,765 566,765 566,765
Reference price 2 2.160 1.530 1.330 1.600 1.290 1.300
Announcement Date 2/28/19 3/2/20 3/1/21 3/1/22 2/27/23 2/28/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 538.1 501.2 489.9 534.2 703 753
EBITDA 1 86.92 64.48 94.11 117 96.8 96.77
EBIT 1 52.41 32.09 66.1 91.23 70.14 70.66
Operating Margin 9.74% 6.4% 13.49% 17.08% 9.98% 9.38%
Earnings before Tax (EBT) 1 76.82 -11.56 -202.1 -57.93 92.42 141.3
Net income 1 59.77 -25.1 -161.4 -66.22 64.34 122.6
Net margin 11.11% -5.01% -32.94% -12.4% 9.15% 16.28%
EPS 2 0.1055 -0.0443 -0.2847 -0.1168 0.1135 0.2163
Free Cash Flow 1 31.42 61.07 -3.971 41.53 83.77 83.89
FCF margin 5.84% 12.18% -0.81% 7.77% 11.92% 11.14%
FCF Conversion (EBITDA) 36.15% 94.71% - 35.48% 86.54% 86.69%
FCF Conversion (Net income) 52.57% - - - 130.2% 68.44%
Dividend per Share 2 0.0700 - - - 0.1000 0.0500
Announcement Date 2/28/19 3/2/20 3/1/21 3/1/22 2/27/23 2/28/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 94.7 144 69.8 188 235 436
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 31.4 61.1 -3.97 41.5 83.8 83.9
ROE (net income / shareholders' equity) 4.84% -2.2% -15.4% -6.06% 6.88% 12%
ROA (Net income/ Total Assets) 2.32% 1.51% 3.33% 4.57% 3.54% 3.37%
Assets 1 2,572 -1,661 -4,839 -1,448 1,817 3,633
Book Value Per Share 2 2.110 1.970 1.650 1.740 1.790 1.930
Cash Flow per Share 2 0.2700 0.2400 0.3500 0.4300 0.4300 0.7900
Capex 1 12.8 25.6 16 19.1 20.8 27.8
Capex / Sales 2.39% 5.11% 3.27% 3.58% 2.96% 3.69%
Announcement Date 2/28/19 3/2/20 3/1/21 3/1/22 2/27/23 2/28/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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