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 65,310 - -
Change - -47.14% 18.29% -55.45% -25.71% 203.57% - -
Enterprise Value (EV) 1 105,683 57,642 65,475 28,511 20,981 64,988 64,744 65,122
Change - -45.46% 13.59% -56.45% -26.41% 209.75% -0.38% 0.58%
P/E 42.9x 23.7x 37.9x 17.6x 26x 46.5x 32.7x 30.8x
PBR 7.75x 4.1x 4.75x 2.11x 1.64x 4.93x 4.74x 4.54x
PEG - -5.4x -1.5x -4.25x -0.5x 0.7x 0.8x 5.09x
Capitalization / Revenue 6.96x 2.98x 3.98x 1.95x 1.65x 4.43x 3.9x 3.72x
EV / Revenue 7.07x 3.12x 4.01x 1.92x 1.6x 4.4x 3.86x 3.71x
EV / EBITDA 28.3x 17.3x 24x 11.3x 11.5x 23.9x 18.6x 18x
EV / EBIT 39x 26x 40.2x 19.6x 28.9x 42.6x 29.4x 28.3x
EV / FCF 10,304x 56.8x 17.4x 11.4x 13.2x 38.5x 38.9x 23.5x
FCF Yield 0.01% 1.76% 5.76% 8.8% 7.56% 2.6% 2.57% 4.25%
Dividend per Share 2 1 1.6 1.2 1.3 1.2 1.18 1.395 1.421
Rate of return 1.14% 3.44% 2.18% 5.31% 6.59% 2.14% 2.52% 2.57%
EPS 2 2.05 1.96 1.45 1.39 0.7 1.189 1.691 1.793
Distribution rate 48.8% 81.6% 82.8% 93.5% 171% 99.2% 82.5% 79.2%
Net sales 1 14,938 18,456 16,344 14,833 13,075 14,759 16,764 17,549
EBITDA 1 3,733 3,328 2,724 2,522 1,824 2,714 3,488 3,610
EBIT 1 2,709 2,214 1,629 1,455 725 1,526 2,203 2,300
Net income 1 2,426 2,317 1,720 1,648 832.7 1,400 2,001 2,119
Net Debt 1 1,703 2,680 460.4 -449.9 -533 -322 -566.5 -188.5
Reference price 2 88.00 46.50 55.00 24.50 18.20 55.25 55.25 55.25
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.($)
46.46x4.4x23.95x2.14% 2B
22.56x12.61x18.56x0.36% 5,160B
22.35x10.96x14.86x1.13% 1,951B
39.61x16.24x23.9x0.73% 1,697B
12.85x7.79x9.42x0.06% 1,054B
4.8x2.98x3.59x0.22% 883B
83.66x15.15x56.95x-.--% 782B
-37.92x7.66x21.3x-.--% 460B
192.21x41.92x85.46x-.--% 258B
30.57x11.1x20.56x2.21% 237B
Average 41.72x 13.08x 27.85x 0.68% 1,248B
Weighted average by Cap. 28.03x 12.31x 20.80x 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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