Financials nForce Secure

Equities

SECURE

THA344010006

Software

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
13.9 THB +6.92% Intraday chart for nForce Secure +3.73% +6.11%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 3,159 1,479 1,346 1,428 -
Enterprise Value (EV) 1 3,159 1,479 1,346 1,428 1,428
P/E ratio 45.2 x 27.2 x 14.7 x 13.4 x 11.2 x
Yield 0.59% 2.08% - 3.88% 4.89%
Capitalization / Revenue 3.84 x 1.66 x 1.26 x 1.18 x 1.04 x
EV / Revenue 3.84 x 1.66 x 1.26 x 1.18 x 1.04 x
EV / EBITDA 36.7 x 17.9 x - 9.33 x 7.98 x
EV / FCF -452 x - - 20.4 x 13.9 x
FCF Yield -0.22% - - 4.9% 7.21%
Price to Book 5.68 x - - 1.96 x 1.78 x
Nbr of stocks (in thousands) 102,741 102,741 102,741 102,741 -
Reference price 2 30.75 14.40 13.10 13.90 13.90
Announcement Date 2/28/22 2/22/23 2/29/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 - 823.4 893.9 1,066 1,211 1,378
EBITDA 1 - 86.04 82.66 - 153 179
EBIT 1 - 73.99 - - 137 162
Operating Margin - 8.99% - - 11.31% 11.76%
Earnings before Tax (EBT) 1 - 73.46 - - 137 161
Net income 1 23.55 61.11 55.06 91.77 107 128
Net margin - 7.42% 6.16% 8.61% 8.84% 9.29%
EPS 2 0.3300 0.6800 0.5300 0.8900 1.040 1.240
Free Cash Flow 1 - -6.983 - - 70 103
FCF margin - -0.85% - - 5.78% 7.47%
FCF Conversion (EBITDA) - - - - 45.75% 57.54%
FCF Conversion (Net income) - - - - 65.42% 80.47%
Dividend per Share 2 - 0.1800 0.3000 - 0.5400 0.6800
Announcement Date 6/30/21 2/28/22 2/22/23 2/29/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2 2024 Q1
Net sales 1 - 261.2 330
EBITDA - - -
EBIT 1 - 26.65 42
Operating Margin - 10.2% 12.73%
Earnings before Tax (EBT) 1 - 29.31 43
Net income 1 27.22 23.72 35
Net margin - 9.08% 10.61%
EPS 2 0.2600 0.2300 0.3400
Dividend per Share - - -
Announcement Date 5/11/23 8/11/23 -
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - -6.98 - - 70 103
ROE (net income / shareholders' equity) - 17.8% 9.29% - 15.2% 16.6%
ROA (Net income/ Total Assets) - 11.7% - - 11.4% 12.5%
Assets 1 - 520.5 - - 938.6 1,024
Book Value Per Share 2 - 5.410 - - 7.100 7.800
Cash Flow per Share - - - - - -
Capex 1 - 3.63 - - 14 15
Capex / Sales - 0.44% - - 1.16% 1.09%
Announcement Date 6/30/21 2/28/22 2/22/23 2/29/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
13.9 THB
Average target price
20.8 THB
Spread / Average Target
+49.64%
Consensus
  1. Stock Market
  2. Equities
  3. SECURE Stock
  4. Financials nForce Secure