Financials Muramoto Electron (Thailand)

Equities

METCO

TH0304010Z06

Electronic Equipment & Parts

End-of-day quote Thailand S.E. 06:00:00 2024-05-16 pm EDT 5-day change 1st Jan Change
200 THB -0.99% Intraday chart for Muramoto Electron (Thailand) -11.11% -17.01%

Valuation

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Capitalization 1 4,159 3,344 3,145 5,622 4,827 4,786
Enterprise Value (EV) 1 1,628 1,068 803.5 3,469 2,414 2,599
P/E ratio 27.2 x -16.9 x 12.6 x 8.76 x 6.85 x 19.7 x
Yield 6.53% 6.25% 6.64% 5.2% 7.79% 4.37%
Capitalization / Revenue 0.31 x 0.3 x 0.27 x 0.33 x 0.26 x 0.27 x
EV / Revenue 0.12 x 0.1 x 0.07 x 0.2 x 0.13 x 0.14 x
EV / EBITDA 2.76 x 6.83 x 1.36 x 3.16 x 1.94 x 3.69 x
EV / FCF 4.96 x 56.8 x 3.43 x 80.7 x 4.23 x 11.1 x
FCF Yield 20.2% 1.76% 29.2% 1.24% 23.6% 9%
Price to Book 0.7 x 0.61 x 0.57 x 0.94 x 0.75 x 0.76 x
Nbr of stocks (in thousands) 20,898 20,898 20,898 20,898 20,898 20,898
Reference price 2 199.0 160.0 150.5 269.0 231.0 229.0
Announcement Date 11/26/18 11/25/19 11/26/20 11/26/21 11/25/22 11/24/23
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net sales 1 13,464 10,980 11,705 17,154 18,705 18,020
EBITDA 1 589.9 156.3 591.2 1,096 1,246 705.3
EBIT 1 188.9 -194.7 222.1 766.9 932.7 389.7
Operating Margin 1.4% -1.77% 1.9% 4.47% 4.99% 2.16%
Earnings before Tax (EBT) 1 187.5 -177.6 280.2 760.3 920.5 394.7
Net income 1 152.6 -198.1 250.2 641.8 704.6 242.7
Net margin 1.13% -1.8% 2.14% 3.74% 3.77% 1.35%
EPS 2 7.304 -9.477 11.97 30.71 33.72 11.61
Free Cash Flow 1 328.1 18.8 234.4 42.96 570.5 234
FCF margin 2.44% 0.17% 2% 0.25% 3.05% 1.3%
FCF Conversion (EBITDA) 55.62% 12.03% 39.65% 3.92% 45.77% 33.18%
FCF Conversion (Net income) 214.95% - 93.7% 6.69% 80.96% 96.43%
Dividend per Share 2 13.00 10.00 10.00 14.00 18.00 10.00
Announcement Date 11/26/18 11/25/19 11/26/20 11/26/21 11/25/22 11/24/23
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,531 2,276 2,342 2,153 2,413 2,186
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 328 18.8 234 43 570 234
ROE (net income / shareholders' equity) 2.55% -3.46% 4.55% 11.2% 11.4% 3.83%
ROA (Net income/ Total Assets) 1.47% -1.6% 1.85% 5.83% 6.33% 2.56%
Assets 1 10,391 12,381 13,541 11,016 11,140 9,486
Book Value Per Share 2 286.0 261.0 265.0 286.0 307.0 300.0
Cash Flow per Share 2 127.0 116.0 121.0 116.0 131.0 121.0
Capex 1 249 179 244 572 280 253
Capex / Sales 1.85% 1.63% 2.09% 3.34% 1.5% 1.4%
Announcement Date 11/26/18 11/25/19 11/26/20 11/26/21 11/25/22 11/24/23
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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