Financials N.C. Housing

Equities

NCH

TH0769010Z00

Real Estate Development & Operations

End-of-day quote Thailand S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
0.97 THB -.--% Intraday chart for N.C. Housing -.--% -3.96%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,083 1,034 1,034 2,117 1,918 1,258
Enterprise Value (EV) 1 2,349 2,154 1,594 2,815 3,010 2,972
P/E ratio 11.3 x 47.5 x 8.97 x 8.4 x 5.49 x 7.76 x
Yield 3.45% - 4.82% 4.71% 7.14% 4.95%
Capitalization / Revenue 0.61 x 0.82 x 0.58 x 0.83 x 0.72 x 0.53 x
EV / Revenue 1.32 x 1.72 x 0.89 x 1.11 x 1.14 x 1.26 x
EV / EBITDA 12.1 x 24.1 x 8.44 x 7.77 x 6.23 x 11.3 x
EV / FCF 4.33 x 13.2 x 2.66 x -5.59 x -13.7 x -5.17 x
FCF Yield 23.1% 7.58% 37.5% -17.9% -7.29% -19.3%
Price to Book 0.42 x 0.4 x 0.38 x 0.73 x 0.61 x 0.4 x
Nbr of stocks (in thousands) 1,245,284 1,245,284 1,245,284 1,245,284 1,245,284 1,245,284
Reference price 2 0.8700 0.8300 0.8300 1.700 1.540 1.010
Announcement Date 2/27/19 2/28/20 2/24/21 2/23/22 2/24/23 2/23/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,782 1,253 1,793 2,540 2,648 2,366
EBITDA 1 194.2 89.34 188.8 362.4 483.5 263.8
EBIT 1 171.6 69.06 169.8 338.3 456.1 232.3
Operating Margin 9.63% 5.51% 9.47% 13.32% 17.23% 9.82%
Earnings before Tax (EBT) 1 114.1 28.03 141.4 322.8 441.7 196.2
Net income 1 96.3 21.77 115.3 251.9 349.4 162.1
Net margin 5.4% 1.74% 6.43% 9.92% 13.19% 6.85%
EPS 2 0.0773 0.0175 0.0926 0.2023 0.2806 0.1302
Free Cash Flow 1 542.7 163.2 598.1 -503.2 -219.4 -574.5
FCF margin 30.45% 13.02% 33.35% -19.81% -8.29% -24.28%
FCF Conversion (EBITDA) 279.49% 182.65% 316.8% - - -
FCF Conversion (Net income) 563.56% 749.46% 518.82% - - -
Dividend per Share 2 0.0300 - 0.0400 0.0800 0.1100 0.0500
Announcement Date 2/27/19 2/28/20 2/24/21 2/23/22 2/24/23 2/23/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,265 1,120 560 698 1,093 1,714
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.515 x 12.54 x 2.967 x 1.925 x 2.26 x 6.497 x
Free Cash Flow 1 543 163 598 -503 -219 -575
ROE (net income / shareholders' equity) 3.8% 0.82% 4.21% 8.64% 11.3% 4.86%
ROA (Net income/ Total Assets) 2.38% 1.03% 2.66% 5.15% 6.04% 2.71%
Assets 1 4,047 2,107 4,334 4,889 5,785 5,974
Book Value Per Share 2 2.080 2.060 2.160 2.320 2.520 2.540
Cash Flow per Share 2 0.0200 0.0200 0.0500 0.0800 0.0800 0.0700
Capex 1 4.38 11.7 19.5 19.3 55.8 47.2
Capex / Sales 0.25% 0.93% 1.09% 0.76% 2.11% 1.99%
Announcement Date 2/27/19 2/28/20 2/24/21 2/23/22 2/24/23 2/23/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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