Financials Pylon

Equities

PYLON

TH0885010Z04

Construction & Engineering

End-of-day quote Thailand S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
2.34 THB +0.86% Intraday chart for Pylon +1.74% -7.14%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 3,539 2,955 3,824 3,344 1,890 1,755 -
Enterprise Value (EV) 1 3,262 2,955 3,441 3,038 1,890 1,387 1,361
P/E ratio - - - - - - -
Yield - - - - - - -
Capitalization / Revenue 2.28 x 2.09 x 4.87 x 2.92 x 1.27 x 1.09 x 1 x
EV / Revenue 2.1 x 2.09 x 4.39 x 2.65 x 1.27 x 0.86 x 0.78 x
EV / EBITDA 8.25 x 9.62 x 25.7 x 13.6 x 8.95 x 5.13 x 4.59 x
EV / FCF 19.7 x 11.4 x 15.5 x -97.8 x - 14.1 x 11.8 x
FCF Yield 5.08% 8.75% 6.45% -1.02% - 7.1% 8.48%
Price to Book - - - - - - -
Nbr of stocks (in thousands) 749,873 749,873 749,873 749,873 749,873 749,873 -
Reference price 2 4.720 3.940 5.100 4.460 2.520 2.340 2.340
Announcement Date 2/26/20 2/24/21 2/23/22 2/21/23 2/27/24 - -
1THB in Million2
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,554 1,416 784.5 1,145 1,483 1,616 1,751
EBITDA 1 395.2 307.2 133.8 222.8 211 270.5 296.5
EBIT 1 309.2 208.9 37.17 128.5 123.7 174 200
Operating Margin 19.9% 14.75% 4.74% 11.22% 8.34% 10.76% 11.42%
Earnings before Tax (EBT) 1 328.3 215.3 43.82 146.7 130.5 172 197
Net income 1 277.6 182.5 39.76 119.8 106.3 139 159.5
Net margin 17.86% 12.89% 5.07% 10.46% 7.17% 8.6% 9.11%
EPS - - - - - - -
Free Cash Flow 1 165.6 258.6 222.1 -31.07 - 98.46 115.4
FCF margin 10.65% 18.26% 28.31% -2.71% - 6.09% 6.59%
FCF Conversion (EBITDA) 41.9% 84.16% 165.95% - - 36.4% 38.9%
FCF Conversion (Net income) 59.64% 141.64% 558.69% - - 70.84% 72.32%
Dividend per Share - - - - - - -
Announcement Date 2/26/20 2/24/21 2/23/22 2/21/23 2/27/24 - -
1THB in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2023 Q1 2023 Q2
Net sales 1 - - 284.4 596.5 308.1
EBITDA - - - - -
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) - - - - -
Net income 0.3372 17.18 21.39 60.89 -
Net margin - - 7.52% 10.21% -
EPS - - - - -
Dividend per Share - - - - -
Announcement Date 11/10/21 2/23/22 5/12/22 5/11/23 8/11/23
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - -
Net Cash position 1 278 - 383 306 - 368 394
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 166 259 222 -31.1 - 98.5 115
ROE (net income / shareholders' equity) 28.7% 17.3% 3.93% 11.8% - 12.7% 13.7%
ROA (Net income/ Total Assets) 18.9% 12.1% 3.14% 9.62% - 7.2% 7.5%
Assets 1 1,467 1,505 1,267 1,246 - 1,931 2,127
Book Value Per Share - - - - - - -
Cash Flow per Share - - - - - - -
Capex 1 186 19.9 42.9 19.7 - 108 108
Capex / Sales 11.96% 1.4% 5.47% 1.72% - 6.65% 6.17%
Announcement Date 2/26/20 2/24/21 2/23/22 2/21/23 2/27/24 - -
1THB in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Quarterly revenue - Rate of surprise