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 48,761 - -
Change - -47.14% 18.29% -55.45% -25.71% 126.65% - -
Enterprise Value (EV) 1 105,683 57,642 65,475 28,511 20,981 48,354 48,251 48,761
Change - -45.46% 13.59% -56.45% -26.41% 130.46% -0.21% 1.06%
P/E 42.9x 23.7x 37.9x 17.6x 26x 44.2x 34.2x 29.4x
PBR 7.75x 4.1x 4.75x 2.11x 1.64x 3.72x 3.68x 3.52x
PEG - -5.4x -1.5x -4.25x -0.5x 1.3x 1.2x 1.8x
Capitalization / Revenue 6.96x 2.98x 3.98x 1.95x 1.65x 3.51x 3.27x 3.1x
EV / Revenue 7.07x 3.12x 4.01x 1.92x 1.6x 3.48x 3.24x 3.1x
EV / EBITDA 28.3x 17.3x 24x 11.3x 11.5x 20.5x 17.2x 16.3x
EV / EBIT 39x 26x 40.2x 19.6x 28.9x 43.8x 30.8x 27.3x
EV / FCF 10,304x 56.8x 17.4x 11.4x 13.2x 25.3x 36.4x 22.1x
FCF Yield 0.01% 1.76% 5.76% 8.8% 7.56% 3.95% 2.74% 4.52%
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% 2.69% 2.98% 3.22%
EPS 2 2.05 1.96 1.45 1.39 0.7 0.9336 1.207 1.404
Distribution rate 48.8% 81.6% 82.8% 93.5% 171% 119% 102% 94.7%
Net sales 1 14,938 18,456 16,344 14,833 13,075 13,887 14,890 15,727
EBITDA 1 3,733 3,328 2,724 2,522 1,824 2,354 2,801 2,999
EBIT 1 2,709 2,214 1,629 1,455 725 1,105 1,567 1,784
Net income 1 2,426 2,317 1,720 1,648 832.7 1,105 1,431 1,663
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 41.25 41.25 41.25
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.($)
44.19x3.48x20.54x2.69% 1.45B
21.46x12.08x17.91x0.37% 4,912B
21.42x10.42x14.13x1.16% 1,833B
40.94x16.87x24.83x0.7% 1,764B
11.67x7.06x8.54x0.06% 959B
5.69x3.28x3.94x0.31% 903B
91.78x16.02x59.98x-.--% 808B
-249.09x8.44x25.13x-.--% 478B
220.75x47.07x99.71x-.--% 285B
36.78x12.63x24.29x2.03% 258B
Average 24.56x 13.74x 29.90x 0.73% 1,220B
Weighted average by Cap. 21.39x 12.42x 21.69x 0.5%

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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