Financials Quality Construction Products

Equities

Q-CON

TH0760010007

Construction Materials

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
15.5 THB +0.65% Intraday chart for Quality Construction Products +1.31% +2.65%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,880 2,120 1,912 2,220 4,160 6,040
Enterprise Value (EV) 1 1,534 1,471 1,115 1,445 3,070 4,481
P/E ratio 32.8 x 11.8 x 16.8 x 15.5 x 13.5 x 7.91 x
Yield 1.28% 3.4% 9.62% 5.59% 7.21% 6.62%
Capitalization / Revenue 0.98 x 1.03 x 1.11 x 1.36 x 1.81 x 1.9 x
EV / Revenue 0.8 x 0.71 x 0.65 x 0.88 x 1.34 x 1.41 x
EV / EBITDA 5.62 x 3.85 x 3.76 x 4.59 x 5.99 x 4.12 x
EV / FCF 8.11 x 5.41 x 5.6 x 9.11 x 7.86 x 7.13 x
FCF Yield 12.3% 18.5% 17.9% 11% 12.7% 14%
Price to Book 1.02 x 1.06 x 0.94 x 1.11 x 1.91 x 2.28 x
Nbr of stocks (in thousands) 400,000 400,000 400,000 400,000 400,000 400,000
Reference price 2 4.700 5.300 4.780 5.550 10.40 15.10
Announcement Date 2/4/19 2/13/20 2/9/21 2/10/22 2/13/23 2/8/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,923 2,066 1,718 1,635 2,296 3,179
EBITDA 1 272.7 381.8 296.4 314.4 512.8 1,087
EBIT 1 91.93 217.3 141.3 177.5 388.1 961.3
Operating Margin 4.78% 10.52% 8.22% 10.86% 16.91% 30.24%
Earnings before Tax (EBT) 1 73.19 217.1 139.3 174.2 385.5 956.9
Net income 1 57.27 179.7 114 143.7 307.8 765.1
Net margin 2.98% 8.7% 6.63% 8.79% 13.41% 24.07%
EPS 2 0.1432 0.4492 0.2850 0.3591 0.7696 1.910
Free Cash Flow 1 189.1 271.7 199.1 158.6 390.7 628.8
FCF margin 9.84% 13.15% 11.58% 9.7% 17.02% 19.78%
FCF Conversion (EBITDA) 69.36% 71.17% 67.16% 50.43% 76.2% 57.86%
FCF Conversion (Net income) 330.24% 151.23% 174.6% 110.37% 126.93% 82.18%
Dividend per Share 2 0.0600 0.1800 0.4600 0.3100 0.7500 1.000
Announcement Date 2/4/19 2/13/20 2/9/21 2/10/22 2/13/23 2/8/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 346 649 797 775 1,090 1,559
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 189 272 199 159 391 629
ROE (net income / shareholders' equity) 3.14% 9.32% 5.64% 7.12% 14.7% 31.7%
ROA (Net income/ Total Assets) 2.8% 6.25% 3.87% 4.84% 9.9% 20.9%
Assets 1 2,048 2,876 2,946 2,971 3,110 3,656
Book Value Per Share 2 4.630 5.010 5.100 4.990 5.450 6.620
Cash Flow per Share 2 0.8700 0.6200 0.9200 0.6400 1.000 2.260
Capex 1 31.4 19.9 41.7 55.7 50.3 71.1
Capex / Sales 1.63% 0.97% 2.42% 3.41% 2.19% 2.24%
Announcement Date 2/4/19 2/13/20 2/9/21 2/10/22 2/13/23 2/8/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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