Company Valuation: nForce Secure

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 3,159 1,479 1,346 1,274 1,284 1,377 -
Change - -53.17% -9.03% -5.34% 0.81% 7.2% -
Enterprise Value (EV) 3,159 1,479 1,346 1,274 1,284 1,377 1,377
Change - -53.17% -9.03% -5.34% 0.81% 7.2% 0%
P/E 45.2x 27.2x 14.7x 11x 10.6x 9.85x 8.76x
PBR 5.68x - - - 1.67x - -
PEG - -1.2x 0.2x 0.4x 2.4x 0.6x 0.7x
Capitalization / Revenue 3.84x 1.66x 1.26x 1.03x 0.99x 0.97x 0.88x
EV / Revenue 0x 0x 0x 0x 0x 0.97x 0.88x
EV / EBITDA 0x 0x 0x - 0x 7.13x 6.37x
EV / EBIT - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 0.18 0.3 0.3 0.9 1 1.09 1.22
Rate of return 0.59% 2.08% 2.29% 7.26% 8% 8.13% 9.1%
EPS 2 0.68 0.53 0.89 1.13 1.18 1.36 1.53
Distribution rate 26.5% 56.6% 33.7% 79.6% 84.7% 80.1% 79.7%
Net sales 1 823.4 893.9 1,066 1,238 1,303 1,425 1,560
EBITDA 1 86.04 82.66 133.3 - 162.7 193 216
EBIT 73.99 - - 133.8 148.3 - -
Net income 1 61.11 55.06 91.77 115.6 121.5 140 157
Net Debt - - - - - - -
Reference price 2 30.75 14.40 13.10 12.40 12.50 13.40 13.40
Nbr of stocks (in thousands) 102,741 102,741 102,741 102,741 102,741 102,741 -
Announcement Date 2/28/22 2/22/23 2/29/24 2/27/25 2/26/26 - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.35x10.19x16.53x0.72% 4,049B
101.09x46.25x74.57x-.--% 408B
17.95x5.41x9.39x1.71% 373B
29.48x5.99x18.6x1.27% 274B
214.72x18.63x54.56x-.--% 270B
1885.35x38.18x124.89x-.--% 235B
25.23x16.21x19.31x-.--% 136B
71.9x6.57x17.2x-.--% 107B
13x3.46x7.23x-.--% 92.36B
Average 265.12x 16.76x 38.03x 0.41% 660B
Weighted average by Cap. 114.30x 13.63x 26.09x 0.66%

Y-o-Y evolution of P/E

Valuation ratios - P/E - nForce Secure

Historical PBR trend

Valuation ratios - PBR - nForce Secure

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - nForce Secure

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - nForce Secure


Year-on-year evolution of the Yield

Valuation ratios - Yield - nForce Secure