PRIMA MARINE |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.65 THB | 0.00% |
|
+0.66% | +42.99% |
| Apr. 26 | Prima Marine Public Company Limited Approves Dividend for the Year 2023, Payable on 24 May 2024 | CI |
| Mar. 13 | Prima Marine Public Company Limited announces an Increase in Equity Buyback. | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 17,750 | 20,000 | 15,125 | 17,875 | 13,375 | 18,059 | - | - |
| Enterprise Value (EV) 1 | 21,863 | 22,093 | 17,959 | 18,683 | 15,103 | 16,915 | 15,378 | 18,059 |
| P/E ratio | 17.3 x | 13.1 x | 10.8 x | 8.03 x | 6.29 x | 9.41 x | 8.73 x | 8.32 x |
| Yield | 2.82% | 3.13% | 4.3% | 3.78% | 6.54% | 4.62% | 4.92% | 5.36% |
| Capitalization / Revenue | 3.32 x | 3.38 x | 2.57 x | 2.32 x | 1.65 x | 2.1 x | 2.01 x | 1.87 x |
| EV / Revenue | 4.09 x | 3.73 x | 3.05 x | 2.42 x | 1.87 x | 1.97 x | 1.71 x | 1.87 x |
| EV / EBITDA | 10.7 x | 8.16 x | 7.92 x | 5.81 x | 4.25 x | 4.36 x | 3.84 x | 4.27 x |
| EV / FCF | -17.2 x | 7.51 x | 16.4 x | 8.92 x | 10.9 x | 6.34 x | 6.2 x | 6.67 x |
| FCF Yield | -5.8% | 13.3% | 6.08% | 11.2% | 9.21% | 15.8% | 16.1% | 15% |
| Price to Book | 2.44 x | 2.55 x | 1.72 x | 1.72 x | 1.15 x | 1.48 x | 1.36 x | 1.34 x |
| Nbr of stocks (in thousands) | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,360,617 | - | - |
| Reference price 2 | 7.100 | 8.000 | 6.050 | 7.150 | 5.350 | 7.650 | 7.650 | 7.650 |
| Announcement Date | 2/25/20 | 2/25/21 | 2/25/22 | 2/24/23 | 2/23/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,347 | 5,926 | 5,880 | 7,715 | 8,087 | 8,599 | 9,007 | 9,661 |
| EBITDA 1 | 2,050 | 2,708 | 2,268 | 3,214 | 3,550 | 3,879 | 4,004 | 4,227 |
| EBIT 1 | 1,352 | 1,973 | 1,315 | 1,998 | 2,250 | 2,577 | 2,690 | 2,851 |
| Operating Margin | 25.29% | 33.29% | 22.37% | 25.9% | 27.82% | 29.97% | 29.86% | 29.51% |
| Earnings before Tax (EBT) 1 | 1,247 | 1,893 | 1,660 | 3,152 | 3,288 | 2,274 | 2,422 | 2,623 |
| Net income 1 | 1,023 | 1,533 | 1,403 | 2,215 | 2,125 | 1,987 | 2,136 | 2,302 |
| Net margin | 19.14% | 25.87% | 23.86% | 28.71% | 26.28% | 23.1% | 23.72% | 23.83% |
| EPS 2 | 0.4100 | 0.6100 | 0.5600 | 0.8900 | 0.8500 | 0.8133 | 0.8767 | 0.9200 |
| Free Cash Flow 1 | -1,268 | 2,943 | 1,092 | 2,095 | 1,391 | 2,666 | 2,481 | 2,709 |
| FCF margin | -23.72% | 49.67% | 18.58% | 27.15% | 17.2% | 31% | 27.55% | 28.05% |
| FCF Conversion (EBITDA) | - | 108.7% | 48.16% | 65.17% | 39.19% | 68.73% | 61.97% | 64.1% |
| FCF Conversion (Net income) | - | 191.99% | 77.86% | 94.57% | 65.45% | 134.19% | 116.17% | 117.7% |
| Dividend per Share 2 | 0.2000 | 0.2500 | 0.2600 | 0.2700 | 0.3500 | 0.3533 | 0.3767 | 0.4100 |
| Announcement Date | 2/25/20 | 2/25/21 | 2/25/22 | 2/24/23 | 2/23/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,474 | - | - | 2,150 | 2,388 | 2,101 | 2,097 | - | 1,836 | 2,054 |
| EBITDA 1 | 559.8 | - | - | 911 | 1,139 | 990.6 | 948.7 | - | - | 857.6 |
| EBIT 1 | 325 | - | - | 582.1 | 756.9 | 676.8 | - | - | - | 520.1 |
| Operating Margin | 22.05% | - | - | 27.08% | 31.7% | 32.22% | - | - | - | 25.32% |
| Earnings before Tax (EBT) 1 | - | - | - | - | 1,459 | 677.8 | 545.9 | - | - | 1,715 |
| Net income 1 | 273.8 | 198.5 | 472.3 | 1,057 | 686 | 577.1 | 471.4 | 1,049 | 328.5 | 748.4 |
| Net margin | 18.57% | - | - | 49.15% | 28.73% | 27.47% | 22.48% | - | 17.9% | 36.44% |
| EPS 2 | 0.1100 | 0.0800 | 0.1900 | 0.4200 | 0.2800 | 0.2300 | 0.1900 | 0.4200 | 0.1300 | 0.3000 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 5/13/22 | 8/10/22 | 8/10/22 | 11/11/22 | 2/24/23 | 5/12/23 | 8/11/23 | 8/11/23 | 11/14/23 | 2/23/24 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,113 | 2,093 | 2,834 | 808 | 1,728 | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 1,144 | 2,681 | - |
| Leverage (Debt/EBITDA) | 2.006 x | 0.7731 x | 1.249 x | 0.2513 x | 0.4869 x | - | - | - |
| Free Cash Flow 1 | -1,268 | 2,943 | 1,092 | 2,095 | 1,391 | 2,666 | 2,481 | 2,709 |
| ROE (net income / shareholders' equity) | 15.2% | 20.8% | 16.9% | 23.1% | 19.3% | 16% | 15.9% | 16.6% |
| ROA (Net income/ Total Assets) | 8.57% | 11.6% | 8.09% | 11.7% | - | 11.2% | 11.5% | 11.7% |
| Assets 1 | 11,939 | 13,266 | 17,349 | 18,962 | - | 17,738 | 18,574 | 19,675 |
| Book Value Per Share 2 | 2.910 | 3.140 | 3.510 | 4.160 | 4.650 | 5.160 | 5.620 | 5.710 |
| Cash Flow per Share 2 | - | 1.210 | - | 1.300 | - | 1.430 | 1.520 | 1.570 |
| Capex 1 | 3,356 | 387 | 897 | 1,154 | 1,867 | 707 | 1,193 | 1,432 |
| Capex / Sales | 62.77% | 6.53% | 15.25% | 14.96% | 23.09% | 8.22% | 13.24% | 14.82% |
| Announcement Date | 2/25/20 | 2/25/21 | 2/25/22 | 2/24/23 | 2/23/24 | - | - | - |
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
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
7.65
THB
Average target price
8.675
THB
Spread / Average Target
+13.40%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +42.99% | 488M | |
| +2.64% | 76.02B | |
| +10.28% | 63.11B | |
| +12.72% | 47.84B | |
| +15.44% | 47.31B | |
| +14.24% | 42.4B | |
| +5.90% | 41.46B | |
| -4.75% | 37.36B | |
| +34.52% | 26.01B | |
| -1.57% | 23.72B |
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