Financials Pan Asia Footwear

Equities

PAF

TH0112A10Z08

Footwear

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1.35 THB 0.00% Intraday chart for Pan Asia Footwear 0.00% +19.47%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 413 332.6 289.7 1,234 729.5 606.1
Enterprise Value (EV) 1 473.4 358.7 356.4 1,299 672.8 666.6
P/E ratio 7.7 x 8.81 x 3.26 x -642 x 34.7 x -234 x
Yield - 1.65% 2.78% 0.65% 0.75% 0.9%
Capitalization / Revenue 0.5 x 0.42 x 0.46 x 1.76 x 0.51 x 0.21 x
EV / Revenue 0.58 x 0.46 x 0.56 x 1.85 x 0.47 x 0.23 x
EV / EBITDA 5.2 x 114 x 37.1 x -126 x -22.3 x 20.9 x
EV / FCF 5.91 x -8.22 x - -8,447 x 8.8 x -7 x
FCF Yield 16.9% -12.2% - -0.01% 11.4% -14.3%
Price to Book 0.93 x 0.69 x 0.49 x 2.1 x 1.22 x 1 x
Nbr of stocks (in thousands) 536,401 536,401 536,401 536,401 536,401 536,401
Reference price 2 0.7700 0.6200 0.5400 2.300 1.360 1.130
Announcement Date 2/28/19 2/26/20 3/2/21 2/28/22 2/28/23 2/27/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 820 784.5 635.5 702.4 1,433 2,904
EBITDA 1 90.98 3.137 9.6 -10.27 -30.22 31.96
EBIT 1 68.05 -17.18 -8.016 -27.11 -48.79 7.719
Operating Margin 8.3% -2.19% -1.26% -3.86% -3.4% 0.27%
Earnings before Tax (EBT) 1 61.59 48.34 91.71 -0.6142 25.17 -0.4512
Net income 1 53.06 37.75 89.57 -1.936 21.19 -2.606
Net margin 6.47% 4.81% 14.09% -0.28% 1.48% -0.09%
EPS 2 0.1000 0.0704 0.1659 -0.003585 0.0392 -0.004826
Free Cash Flow 1 80.11 -43.66 - -0.1537 76.47 -95.21
FCF margin 9.77% -5.57% - -0.02% 5.34% -3.28%
FCF Conversion (EBITDA) 88.05% - - - - -
FCF Conversion (Net income) 150.98% - - - 360.84% -
Dividend per Share - 0.0102 0.0150 0.0150 0.0102 0.0102
Announcement Date 2/28/19 2/26/20 3/2/21 2/28/22 2/28/23 2/27/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 60.4 26.2 66.7 65 - 60.4
Net Cash position 1 - - - - 56.7 -
Leverage (Debt/EBITDA) 0.6634 x 8.341 x 6.949 x -6.325 x - 1.891 x
Free Cash Flow 1 80.1 -43.7 - -0.15 76.5 -95.2
ROE (net income / shareholders' equity) 13.2% 9.25% 15.5% -0.31% 3.9% -0.34%
ROA (Net income/ Total Assets) 5.8% -1.45% -0.63% -1.98% -3.04% 0.43%
Assets 1 915 -2,607 -14,233 97.91 -696.7 -602.9
Book Value Per Share 2 0.8300 0.9000 1.100 1.090 1.120 1.130
Cash Flow per Share 2 0.1100 0.0800 0.0800 0.0500 0.3300 0.1300
Capex 1 10.5 12.8 - 17.5 28.3 21.5
Capex / Sales 1.28% 1.63% - 2.49% 1.97% 0.74%
Announcement Date 2/28/19 2/26/20 3/2/21 2/28/22 2/28/23 2/27/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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