Company Valuation: KCE Electronics

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 103,980 54,961 65,015 28,961 21,514 52,603 - -
Change - -47.14% 18.29% -55.45% -25.71% 144.51% - -
Enterprise Value (EV) 1 105,683 57,642 65,475 28,511 20,981 52,195 52,093 52,603
Change - -45.46% 13.59% -56.45% -26.41% 148.77% -0.2% 0.98%
P/E 42.9x 23.7x 37.9x 17.6x 26x 47.2x 36.6x 31.1x
PBR 7.75x 4.1x 4.75x 2.11x 1.64x 4.02x 3.97x 3.8x
PEG - -5.4x -1.5x -4.25x -0.5x 1.4x 1.3x 1.8x
Capitalization / Revenue 6.96x 2.98x 3.98x 1.95x 1.65x 3.78x 3.53x 3.34x
EV / Revenue 7.07x 3.12x 4.01x 1.92x 1.6x 3.75x 3.5x 3.34x
EV / EBITDA 28.3x 17.3x 24x 11.3x 11.5x 22.1x 18.5x 17.4x
EV / EBIT 39x 26x 40.2x 19.6x 28.9x 47x 32.9x 29x
EV / FCF 10,304x 56.8x 17.4x 11.4x 13.2x 27.3x 39.3x 23.9x
FCF Yield 0.01% 1.76% 5.76% 8.8% 7.56% 3.66% 2.54% 4.19%
Dividend per Share 2 1 1.6 1.2 1.3 1.2 1.109 1.228 1.33
Rate of return 1.14% 3.44% 2.18% 5.31% 6.59% 2.49% 2.76% 2.99%
EPS 2 2.05 1.96 1.45 1.39 0.7 0.9436 1.216 1.429
Distribution rate 48.8% 81.6% 82.8% 93.5% 171% 118% 101% 93.1%
Net sales 1 14,938 18,456 16,344 14,833 13,075 13,901 14,884 15,726
EBITDA 1 3,733 3,328 2,724 2,522 1,824 2,362 2,813 3,025
EBIT 1 2,709 2,214 1,629 1,455 725 1,111 1,581 1,815
Net income 1 2,426 2,317 1,720 1,648 832.7 1,111 1,440 1,683
Net Debt 1 1,703 2,680 460.4 -449.9 -533 -407.5 -510 -
Reference price 2 88.00 46.50 55.00 24.50 18.20 44.50 44.50 44.50
Nbr of stocks (in thousands) 1,181,590 1,181,966 1,182,089 1,182,089 1,182,089 1,182,089 - -
Announcement Date 2/8/22 2/7/23 2/13/24 2/24/25 2/10/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
47.16x3.75x22.1x2.49% 1.57B
21.86x12.3x18.22x0.37% 5,005B
22.18x10.86x14.74x1.14% 1,890B
43.56x17.83x26.25x0.67% 1,866B
11.43x6.89x8.33x0.06% 937B
4.53x2.71x3.25x0.25% 798B
89.89x15.6x57.7x-.--% 790B
-39.42x7.63x21.29x-.--% 459B
188.85x41.44x83.93x-.--% 255B
31.65x11.48x21.3x2.13% 246B
Average 42.17x 13.05x 27.71x 0.71% 1,225B
Weighted average by Cap. 29.06x 12.51x 21.27x 0.49%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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