Financials JMT Network Services

Equities

JMT

TH3925010Z05

Corporate Financial Services

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
21.4 THB 0.00% Intraday chart for JMT Network Services +5.42% -16.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,760 35,139 93,661 100,682 37,223 31,238 - -
Enterprise Value (EV) 1 17,760 35,139 93,661 104,434 37,223 31,238 31,238 31,238
P/E ratio 26.6 x 33.8 x 54.4 x 57 x 18.5 x 13.6 x 11.5 x 10.1 x
Yield 2.83% 2.33% 1.2% 1.57% - 4.89% 5.76% 6.43%
Capitalization / Revenue 7.03 x 11 x 28.3 x 24.1 x 7.32 x 5.62 x 4.94 x 4.45 x
EV / Revenue 7.03 x 11 x 28.3 x 24.1 x 7.32 x 5.62 x 4.94 x 4.45 x
EV / EBITDA 15.9 x 21.3 x - 42.4 x 12.5 x 9.21 x 7.83 x 7.02 x
EV / FCF - - - 43 x - 22.2 x 20.1 x 17.2 x
FCF Yield - - - 2.32% - 4.51% 4.99% 5.82%
Price to Book - 6.28 x 4.92 x 4.37 x - 1.15 x 1.11 x 1.06 x
Nbr of stocks (in thousands) 887,991 976,091 1,367,310 1,459,158 1,459,740 1,459,740 - -
Reference price 2 20.00 36.00 68.50 69.00 25.50 21.40 21.40 21.40
Announcement Date 2/26/20 2/25/21 2/24/22 2/13/23 2/12/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,525 3,191 3,305 4,185 5,086 5,556 6,321 7,019
EBITDA 1 1,120 1,650 - 2,373 2,986 3,391 3,991 4,448
EBIT 1 - 1,524 1,676 2,220 2,828 2,488 3,000 3,404
Operating Margin - 47.75% 50.72% 53.04% 55.6% 44.78% 47.46% 48.49%
Earnings before Tax (EBT) 1 838.9 1,210 1,620 1,890 2,437 2,662 3,165 3,627
Net income 1 681.4 1,047 1,400 1,746 2,011 2,324 2,721 3,098
Net margin 26.99% 32.81% 42.37% 41.71% 39.53% 41.83% 43.05% 44.14%
EPS 2 0.7522 1.065 1.260 1.210 1.380 1.579 1.861 2.118
Free Cash Flow 1 - - - 2,339 - 1,409 1,558 1,817
FCF margin - - - 55.88% - 25.36% 24.65% 25.89%
FCF Conversion (EBITDA) - - - 98.54% - 41.55% 39.04% 40.85%
FCF Conversion (Net income) - - - 133.98% - 60.62% 57.25% 58.64%
Dividend per Share 2 0.5666 0.8402 0.8200 1.080 - 1.047 1.233 1.376
Announcement Date 2/26/20 2/25/21 2/24/22 2/13/23 2/12/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales 1,625 809.9 - - 1,087 2,166 989.6 - - - - - - -
EBITDA - - - - - - - - - - - - - -
EBIT 835.9 447.4 - - 450.5 984.7 594.8 - - - - 762.1 - -
Operating Margin 51.43% 55.24% - - 41.43% 45.46% 60.11% - - - - - - -
Earnings before Tax (EBT) 682 - - - - - - 549.7 - - - - - -
Net income 1 571.6 351.7 477.1 - 433.3 800.3 455.5 489.8 453.1 551 466.3 540.3 509 563
Net margin 35.17% 43.42% - - 39.85% 36.94% 46.03% - - - - - - -
EPS - - - 0.2600 - - - 0.3400 - - - 0.3700 - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 8/10/21 11/12/21 2/24/22 5/13/22 8/11/22 8/11/22 11/10/22 2/13/23 5/12/23 8/10/23 11/10/23 2/12/24 - -
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - 3,752 - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - 1.581 x - - - -
Free Cash Flow 1 - - - 2,339 - 1,409 1,558 1,817
ROE (net income / shareholders' equity) 20.1% 23% 11.3% 8.3% - 8.48% 9.6% 10.5%
ROA (Net income/ Total Assets) - 8.58% 6.62% 5.64% - 5.02% 5.33% 5.48%
Assets 1 - 12,203 21,153 30,949 - 46,339 51,103 56,524
Book Value Per Share 2 - 5.730 13.90 15.80 - 18.60 19.30 20.10
Cash Flow per Share 2 - - - 1.670 - 1.000 1.100 1.300
Capex 1 - - - 81.3 - 100 100 100
Capex / Sales - - - 1.94% - 1.8% 1.58% 1.42%
Announcement Date 2/26/20 2/25/21 2/24/22 2/13/23 2/12/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
D
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
21.4 THB
Average target price
29.67 THB
Spread / Average Target
+38.65%
Consensus
  1. Stock Market
  2. Equities
  3. JMT Stock
  4. Financials JMT Network Services