EASTERN STAR REAL ESTATE Financials Eastern Star Real Estate
Equities
ESTAR
TH0381A10Z02
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.25 THB | 0.00% |
|
0.00% | -3.85% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,612 | 1,808 | 2,160 | 2,561 | 1,708 | 1,306 |
| Enterprise Value (EV) 1 | 3,053 | 3,938 | 3,084 | 3,625 | 2,394 | 2,321 |
| P/E ratio | 22.6 x | 34.3 x | 11.5 x | 118 x | 33.4 x | 43.3 x |
| Yield | 3.85% | - | 2.33% | - | - | - |
| Capitalization / Revenue | 1.52 x | 1.29 x | 0.81 x | 1.93 x | 0.94 x | 0.99 x |
| EV / Revenue | 1.78 x | 2.81 x | 1.15 x | 2.73 x | 1.32 x | 1.76 x |
| EV / EBITDA | 17 x | 44.5 x | 7.43 x | 44.2 x | 19.8 x | 34 x |
| EV / FCF | 7.37 x | -2.36 x | 2.19 x | 60.2 x | 6.46 x | -6.25 x |
| FCF Yield | 13.6% | -42.3% | 45.6% | 1.66% | 15.5% | -16% |
| Price to Book | 0.56 x | 0.39 x | 0.45 x | 0.54 x | 0.35 x | 0.27 x |
| Nbr of stocks (in thousands) | 5,022,246 | 5,022,246 | 5,022,246 | 5,022,246 | 5,022,246 | 5,022,246 |
| Reference price 2 | 0.5200 | 0.3600 | 0.4300 | 0.5100 | 0.3400 | 0.2600 |
| Announcement Date | 2/28/19 | 2/28/20 | 2/24/21 | 2/24/22 | 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 | 1,719 | 1,400 | 2,680 | 1,326 | 1,820 | 1,316 |
| EBITDA 1 | 179.3 | 88.56 | 414.9 | 81.96 | 121.2 | 68.33 |
| EBIT 1 | 147.1 | 48.22 | 361.3 | 29.33 | 81.28 | 24.38 |
| Operating Margin | 8.56% | 3.44% | 13.48% | 2.21% | 4.46% | 1.85% |
| Earnings before Tax (EBT) 1 | 144.7 | 72.22 | 263.3 | 28.15 | 75.3 | 37.41 |
| Net income 1 | 115.4 | 52.65 | 188.5 | 21.64 | 51.15 | 29.93 |
| Net margin | 6.71% | 3.76% | 7.03% | 1.63% | 2.81% | 2.27% |
| EPS 2 | 0.0230 | 0.0105 | 0.0375 | 0.004308 | 0.0102 | 0.006000 |
| Free Cash Flow 1 | 414.5 | -1,667 | 1,405 | 60.24 | 370.5 | -371.3 |
| FCF margin | 24.11% | -119.04% | 52.43% | 4.54% | 20.35% | -28.21% |
| FCF Conversion (EBITDA) | 231.13% | - | 338.66% | 73.5% | 305.61% | - |
| FCF Conversion (Net income) | 359.06% | - | 745.32% | 278.38% | 724.37% | - |
| Dividend per Share 2 | 0.0200 | - | 0.0100 | - | - | - |
| Announcement Date | 2/28/19 | 2/28/20 | 2/24/21 | 2/24/22 | 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 | 442 | 2,130 | 924 | 1,064 | 687 | 1,015 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.463 x | 24.05 x | 2.228 x | 12.98 x | 5.666 x | 14.86 x |
| Free Cash Flow 1 | 415 | -1,667 | 1,405 | 60.2 | 370 | -371 |
| ROE (net income / shareholders' equity) | 2.33% | 1.08% | 3.97% | 0.38% | 1.04% | 0.66% |
| ROA (Net income/ Total Assets) | 1.53% | 0.43% | 3.01% | 0.26% | 0.77% | 0.23% |
| Assets 1 | 7,564 | 12,109 | 6,255 | 8,240 | 6,627 | 13,040 |
| Book Value Per Share 2 | 0.9300 | 0.9200 | 0.9600 | 0.9500 | 0.9600 | 0.9700 |
| Cash Flow per Share 2 | 0.0400 | 0.0200 | 0.0700 | 0.0600 | 0.0600 | 0.0600 |
| Capex 1 | 58.3 | 83.4 | 58.6 | 17.8 | 31 | 32.8 |
| Capex / Sales | 3.39% | 5.96% | 2.19% | 1.34% | 1.7% | 2.49% |
| Announcement Date | 2/28/19 | 2/28/20 | 2/24/21 | 2/24/22 | 2/24/23 | 2/29/24 |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -3.85% | 34.14M | |
| +12.14% | 29.29B | |
| +29.48% | 28.36B | |
| -7.64% | 25.5B | |
| +15.47% | 24.47B | |
| +44.75% | 23.83B | |
| +11.05% | 21.57B | |
| +2.90% | 19.32B | |
| +28.56% | 16.73B | |
| -3.64% | 15.96B |
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