Financials Namyong Terminal

Equities

NYT

TH5008010Z08

Marine Port Services

End-of-day quote Thailand S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
4.4 THB +2.80% Intraday chart for Namyong Terminal -7.56% -1.35%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,786 4,067 5,729 4,315 5,530 5,456 - -
Enterprise Value (EV) 1 4,786 4,067 7,063 4,315 5,530 5,456 5,456 5,456
P/E ratio 12.9 x 18.2 x 23.1 x 17.4 x 11.2 x 10.2 x 10 x 9.57 x
Yield 7.77% 6.1% 3.46% 6.32% 4.93% 9.32% 9.55% 9.77%
Capitalization / Revenue 3.37 x 3.4 x 4.24 x 2.98 x 3.17 x 2.98 x 2.88 x 2.83 x
EV / Revenue 3.37 x 3.4 x 4.24 x 2.98 x 3.17 x 2.98 x 2.88 x 2.83 x
EV / EBITDA 7.01 x 4.82 x 6.52 x 5 x 5.2 x 4.89 x 4.77 x 4.7 x
EV / FCF 9,928,034 x 10,929,319 x 10,656,626 x 15,995,158 x - - - -
FCF Yield 0% 0% 0% 0% - - - -
Price to Book 1.26 x 1.25 x 1.76 x 1.31 x 1.57 x 1.54 x 1.53 x 1.51 x
Nbr of stocks (in thousands) 1,240,000 1,240,000 1,240,000 1,240,000 1,240,000 1,240,000 - -
Reference price 2 3.860 3.280 4.620 3.480 4.460 4.400 4.400 4.400
Announcement Date 2/19/20 2/19/21 2/21/22 2/23/23 2/22/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,419 1,195 1,353 1,450 1,746 1,828 1,893 1,928
EBITDA 1 683.1 843.1 879.1 862.7 1,064 1,115 1,144 1,162
EBIT 1 476.2 414.2 410.2 390.8 - 662 693 -
Operating Margin 33.57% 34.67% 30.32% 26.95% - 36.21% 36.61% -
Earnings before Tax (EBT) 1 478.7 296.2 283.4 287.6 498.1 595 636 666
Net income 1 376.5 228.6 242.6 251.1 500.9 536 546 569
Net margin 26.54% 19.13% 17.94% 17.32% 28.69% 29.32% 28.84% 29.51%
EPS 2 0.3000 0.1800 0.2000 0.2000 0.4000 0.4300 0.4400 0.4600
Free Cash Flow 482.1 372.1 537.6 269.8 - - - -
FCF margin 33.98% 31.15% 39.74% 18.61% - - - -
FCF Conversion (EBITDA) 70.57% 44.14% 61.15% 31.27% - - - -
FCF Conversion (Net income) 128.05% 162.81% 221.55% 107.43% - - - -
Dividend per Share 2 0.3000 0.2000 0.1600 0.2200 0.2200 0.4100 0.4200 0.4300
Announcement Date 2/19/20 2/19/21 2/21/22 2/23/23 2/22/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q3 2023 Q4
Net sales 1 305.7 379.1 353 317.2 669.4 - 412.8 - 469.9
EBITDA 191.6 232.6 - - - - - - -
EBIT 1 85.04 106.3 - 76.67 163.1 107.7 124.9 150.7 147.6
Operating Margin 27.82% 28.03% - 24.17% 24.37% - 30.25% - 31.41%
Earnings before Tax (EBT) 1 42.9 66.71 - 45.39 105 - 109.4 129.4 128
Net income 1 38.1 61.07 - 41.94 95.48 - 91.75 123.3 160.6
Net margin 12.46% 16.11% - 13.22% 14.26% - 22.23% - 34.17%
EPS 2 0.0300 0.0500 - 0.0300 0.0800 0.0500 0.0700 0.1000 0.1300
Dividend per Share - - - - - - - - -
Announcement Date 11/11/21 2/21/22 5/8/22 8/8/22 8/8/22 11/10/22 2/23/23 11/9/23 2/22/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - 1,334 - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - 1.517 x - - - - -
Free Cash Flow 482 372 538 270 - - - -
ROE (net income / shareholders' equity) 9.94% 6.81% 7.46% 7.67% 14.9% 15.6% 15.9% 16.6%
ROA (Net income/ Total Assets) 8.58% 4.78% 3.93% 3.74% 7.29% 8.02% 8.67% 9.32%
Assets 1 4,387 4,786 6,174 6,720 6,869 6,683 6,298 6,105
Book Value Per Share 2 3.060 2.620 2.620 2.660 2.840 2.860 2.880 2.910
Cash Flow per Share 0.4600 0.5300 0.6000 0.6000 - - - -
Capex 85.8 284 204 471 - - - -
Capex / Sales 6.05% 23.77% 15.11% 32.46% - - - -
Announcement Date 2/19/20 2/19/21 2/21/22 2/23/23 2/22/24 - - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
4.4 THB
Average target price
5.3 THB
Spread / Average Target
+20.45%
Consensus
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