Financials Jenkongklai

Equities

JPARK

THB622010007

Highways & Rail Tracks

End-of-day quote Thailand S.E. Other stock markets 06:00:00 2024-05-12 pm EDT			5-day change	1st Jan Change
6.5 ^THB	+0.78%		+4.00%	0.00%

Apr. 10	Jenkongklai Public Company Limited Approves Dividend for the Year 2023, Payable on May 7, 2024	CI
Apr. 07	55,000,000 Ordinary Shares of Jenkongklai Public Company Limited are subject to a Lock-Up Agreement Ending on 7-APR-2024.	CI

Valuation

Fiscal Period: December	2023	2024	2025	2026
Capitalization ¹	2,600	2,600	-	-
Enterprise Value (EV) ¹	2,600	2,600	2,600	2,600
P/E ratio	31 x	26.5 x	19.7 x	15.1 x
Yield	-	0.92%	1.54%	2%
Capitalization / Revenue	4.54 x	3.69 x	3.04 x	2.77 x
EV / Revenue	4.54 x	3.69 x	3.04 x	2.77 x
EV / EBITDA	14.3 x	12.4 x	7.07 x	6.72 x
EV / FCF	18.5 x	-10.3 x	-26.6 x	16.3 x
FCF Yield	5.41%	-9.72%	-3.76%	6.12%
Price to Book	3.27 x	3.87 x	3.4 x	2.94 x
Nbr of stocks (in thousands)	400,000	400,000	-	-
Reference price ²	6.500	6.500	6.500	6.500
Announcement Date	2/22/24	-	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	-	573.1	704.2	854	939
EBITDA ¹	-	182	209	368	387
EBIT ¹	-	81.27	131	183	232
Operating Margin	-	14.18%	18.6%	21.43%	24.71%
Earnings before Tax (EBT) ¹	-	79.22	129	169	218
Net income ¹	55.07	62.6	98.5	133	173
Net margin	-	10.92%	13.99%	15.57%	18.42%
EPS ²	55.07	0.2100	0.2450	0.3300	0.4300
Free Cash Flow ¹	-	140.7	-252.7	-97.75	159.2
FCF margin	-	24.56%	-35.88%	-11.45%	16.96%
FCF Conversion (EBITDA)	-	77.32%	-	-	41.14%
FCF Conversion (Net income)	-	224.81%	-	-	92.04%
Dividend per Share ²	-	-	0.0600	0.1000	0.1300
Announcement Date	4/26/23	2/22/24	-	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q2	2023 Q3	2023 Q4
Net sales ¹	-	169.9	149.6
EBITDA ¹	-	53.86	44.84
EBIT ¹	-	29.34	17.66
Operating Margin	-	17.27%	11.81%
Earnings before Tax (EBT) ¹	-	28.81	18.09
Net income ¹	17.28	22.2	12.58
Net margin	-	13.07%	8.41%
EPS ²	0.0600	0.0800	0.0200
Dividend per Share	-	-	-
Announcement Date	10/2/23	11/9/23	2/22/24

¹THB in Million²THB

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-
Net Cash position	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-	141	-253	-97.8	159
ROE (net income / shareholders' equity)	-	16.6%	16.1%	18.6%	20.9%
ROA (Net income/ Total Assets)	-	11%	10.7%	11.1%	12.5%
Assets ¹	-	571.3	920.6	1,198	1,384
Book Value Per Share ²	-	1.990	1.680	1.910	2.210
Cash Flow per Share ²	-	0.7100	0.4700	0.8000	0.8200
Capex	-	-	-	-	-
Capex / Sales	-	-	-	-	-
Announcement Date	4/26/23	2/22/24	-	-	-

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

Ratings for Jenkongklai

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.5 THB

Average target price

6.4 THB

Spread / Average Target

-1.54%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Parking Lot Operators

	1st Jan change	Capi.
JENKONGKLAI	0.00%	70.15M
PARKIN COMPANY	0.00%	2.23B
SHOUCHENG HOLDINGS LIMITED	-7.01%	1.38B
SP PLUS CORPORATION	+4.39%	1.06B
NIPPON PARKING DEVELOPMENT CO.,LTD.	+5.21%	409M
ALLPARK EMPREENDIMENTOS, PARTICIPAÇÕES E SERVIÇOS S.A.	-27.41%	159M
PARACA INC.	0.00%	122M
SMART PARKING LIMITED	+25.71%	103M

Parking Lot Operators