Financials Saha-Union

Equities

SUC

TH0010010005

Consumer Goods Conglomerates

End-of-day quote Thailand S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
29.25 THB 0.00% Intraday chart for Saha-Union -1.68% -9.30%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 13,266 12,542 9,739 9,451 8,505 9,378
Enterprise Value (EV) 1 9,969 9,300 6,180 4,907 3,145 3,032
P/E ratio 8.95 x 11.3 x 11.5 x 15.7 x 7.83 x 7.86 x
Yield 4.37% 3.47% 4.48% 4.62% 5.13% 4.65%
Capitalization / Revenue 1.14 x 1.17 x 1.04 x 1.06 x 0.87 x 1.03 x
EV / Revenue 0.85 x 0.87 x 0.66 x 0.55 x 0.32 x 0.33 x
EV / EBITDA 4.73 x 5.55 x 4.24 x 4.27 x 2.18 x 1.88 x
EV / FCF 10.6 x 10.3 x 5.83 x 7.41 x 2.51 x 2.7 x
FCF Yield 9.45% 9.73% 17.2% 13.5% 39.8% 37.1%
Price to Book 0.65 x 0.62 x 0.46 x 0.43 x 0.38 x 0.41 x
Nbr of stocks (in thousands) 289,977 289,977 290,730 290,786 290,786 290,786
Reference price 2 45.75 43.25 33.50 32.50 29.25 32.25
Announcement Date 2/28/19 2/28/20 3/1/21 2/28/22 2/28/23 2/29/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 11,677 10,745 9,368 8,932 9,831 9,122
EBITDA 1 2,107 1,675 1,459 1,150 1,444 1,609
EBIT 1 1,247 854.3 665.5 370.2 767.3 986.9
Operating Margin 10.68% 7.95% 7.1% 4.14% 7.8% 10.82%
Earnings before Tax (EBT) 1 1,848 1,337 992.5 797.9 1,417 1,487
Net income 1 1,482 1,112 845.1 601.2 1,087 1,193
Net margin 12.69% 10.35% 9.02% 6.73% 11.05% 13.07%
EPS 2 5.110 3.833 2.906 2.068 3.737 4.101
Free Cash Flow 1 942.4 905.1 1,060 662.3 1,251 1,125
FCF margin 8.07% 8.42% 11.32% 7.41% 12.73% 12.33%
FCF Conversion (EBITDA) 44.72% 54.04% 72.67% 57.6% 86.68% 69.91%
FCF Conversion (Net income) 63.6% 81.39% 125.49% 110.15% 115.16% 94.29%
Dividend per Share 2 2.000 1.500 1.500 1.500 1.500 1.500
Announcement Date 2/28/19 2/28/20 3/1/21 2/28/22 2/28/23 2/29/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3,297 3,241 3,559 4,543 5,361 6,346
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 942 905 1,060 662 1,251 1,125
ROE (net income / shareholders' equity) 7.48% 5.29% 3.86% 3.01% 5.26% 5.48%
ROA (Net income/ Total Assets) 3.03% 2.09% 1.63% 0.89% 1.82% 2.32%
Assets 1 48,883 53,210 51,732 67,823 59,748 51,330
Book Value Per Share 2 70.60 69.80 72.50 76.00 76.90 78.60
Cash Flow per Share 2 11.20 9.290 9.890 10.60 11.40 14.10
Capex 1 679 637 396 347 288 244
Capex / Sales 5.81% 5.93% 4.23% 3.89% 2.93% 2.68%
Announcement Date 2/28/19 2/28/20 3/1/21 2/28/22 2/28/23 2/29/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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