NORTH EAST RUBBERS |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.6 THB | +6.67% |
|
+4.67% | +12.90% |
| Feb. 27 | North East Rubber Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | North East Rubber Public Company Limited Announces Executive Changes | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,312 | 6,879 | 12,324 | 11,733 | 9,165 | 10,348 | - |
| Enterprise Value (EV) 1 | 4,312 | 12,133 | 19,377 | 18,389 | 9,165 | 18,807 | 20,215 |
| P/E ratio | 8 x | 7.95 x | 6.43 x | 6.68 x | 5.93 x | 5.86 x | 5.44 x |
| Yield | 5% | 4.93% | 6.14% | 5.98% | - | 8.04% | 7.32% |
| Capitalization / Revenue | - | 0.42 x | 0.5 x | 0.47 x | 0.37 x | 0.38 x | 0.32 x |
| EV / Revenue | - | 0.74 x | 0.79 x | 0.73 x | 0.37 x | 0.69 x | 0.63 x |
| EV / EBITDA | - | 9.22 x | 7.49 x | 7.75 x | 4 x | 6.42 x | 6.55 x |
| EV / FCF | - | - | -10.3 x | 22.2 x | - | 11.3 x | -697 x |
| FCF Yield | - | - | -9.73% | 4.5% | - | 8.82% | -0.14% |
| Price to Book | - | 1.86 x | 2.26 x | 1.78 x | - | 1.4 x | 1.22 x |
| Nbr of stocks (in thousands) | 1,540,000 | 1,614,679 | 1,760,635 | 1,847,790 | 1,847,790 | 1,847,790 | - |
| Reference price 2 | 2.800 | 4.260 | 7.000 | 6.350 | 4.960 | 5.600 | 5.600 |
| Announcement Date | 2/24/20 | 2/18/21 | 2/21/22 | 2/17/23 | 2/27/24 | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 16,350 | 24,426 | 25,172 | 25,045 | 27,441 | 32,200 |
| EBITDA 1 | - | 1,316 | 2,586 | 2,373 | 2,293 | 2,931 | 3,084 |
| EBIT 1 | - | 1,201 | 2,408 | 2,290 | 2,095 | 2,709 | 2,812 |
| Operating Margin | - | 7.35% | 9.86% | 9.1% | 8.36% | 9.87% | 8.73% |
| Earnings before Tax (EBT) 1 | - | 888.3 | 1,887 | 1,802 | 1,630 | 2,284 | 2,386 |
| Net income 1 | 538.9 | 858.7 | 1,850 | 1,748 | 1,546 | 1,902 | 2,219 |
| Net margin | - | 5.25% | 7.57% | 6.94% | 6.17% | 6.93% | 6.89% |
| EPS 2 | 0.3500 | 0.5360 | 1.088 | 0.9500 | 0.8360 | 0.9560 | 1.030 |
| Free Cash Flow 1 | - | - | -1,885 | 828 | - | 1,659 | -29 |
| FCF margin | - | - | -7.72% | 3.29% | - | 6.05% | -0.09% |
| FCF Conversion (EBITDA) | - | - | - | 34.9% | - | 56.6% | - |
| FCF Conversion (Net income) | - | - | - | 47.37% | - | 87.25% | - |
| Dividend per Share 2 | 0.1400 | 0.2100 | 0.4300 | 0.3800 | - | 0.4500 | 0.4100 |
| Announcement Date | 2/24/20 | 2/18/21 | 2/21/22 | 2/17/23 | 2/27/24 | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 7,154 | 6,020 | 5,629 | 5,274 | 7,222 | 7,086 | 6,254 | - | 6,605 | 6,390 | - |
| EBITDA 1 | - | 590 | 695.8 | 640.6 | 564 | 790.7 | 535.4 | 474.3 | - | 615.7 | 617 | - |
| EBIT 1 | - | 544.9 | 649.5 | 595.9 | 518.5 | 747.5 | 469.5 | 428 | - | 560.3 | 570 | - |
| Operating Margin | - | 7.62% | 10.79% | 10.59% | 9.83% | 10.35% | 6.63% | 6.84% | - | 8.48% | 8.92% | - |
| Earnings before Tax (EBT) 1 | - | 456.6 | 613.2 | 498.9 | 361.3 | 545.4 | 396.3 | 330 | - | 485.1 | 460 | - |
| Net income 1 | 805.3 | 440.3 | 604.6 | 468.9 | 382.2 | 528.9 | 368 | 314.4 | 312.3 | 461.7 | 438 | 368 |
| Net margin | - | 6.15% | 10.04% | 8.33% | 7.25% | 7.32% | 5.19% | 5.03% | - | 6.99% | 6.85% | - |
| EPS 2 | 0.4770 | 0.2450 | 0.3851 | 0.2600 | - | 0.2860 | - | 0.1700 | 0.1690 | - | 0.2000 | 0.1990 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/9/21 | 11/8/21 | 2/21/22 | 5/10/22 | 8/9/22 | 11/8/22 | 2/17/23 | 5/11/23 | 11/6/23 | 2/27/24 | - | - |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 5,254 | 7,052 | 6,655 | - | 8,459 | 9,867 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 3.994 x | 2.727 x | 2.805 x | - | 2.886 x | 3.199 x |
| Free Cash Flow 1 | - | - | -1,885 | 828 | - | 1,659 | -29 |
| ROE (net income / shareholders' equity) | - | 25.6% | 40.5% | 29.1% | - | 24% | 22.4% |
| ROA (Net income/ Total Assets) | - | 9.43% | 15.1% | 11.4% | - | 11.1% | 10.7% |
| Assets 1 | - | 9,111 | 12,236 | 15,273 | - | 17,131 | 20,738 |
| Book Value Per Share 2 | - | 2.290 | 3.090 | 3.570 | - | 4.000 | 4.600 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 241 | 533 | 200 | 334 | - | 300 | 1,000 |
| Capex / Sales | - | 3.26% | 0.82% | 1.33% | - | 1.09% | 3.11% |
| Announcement Date | 2/24/20 | 2/18/21 | 2/21/22 | 2/17/23 | 2/27/24 | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
5.6
THB
Average target price
6.575
THB
Spread / Average Target
+17.41%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.90% | 279M | |
| +19.50% | 29.38B | |
| +12.20% | 27.82B | |
| +34.55% | 6.89B | |
| +27.96% | 4.06B | |
| -15.36% | 3.44B | |
| -9.43% | 3.3B | |
| +41.51% | 3.3B | |
| +24.90% | 3.11B | |
| +26.53% | 2.82B |
- Stock Market
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- NER Stock
- Financials North East Rubbers
