Financials Saksiam Leasing

Equities

SAK

THA054010006

Consumer Lending

End-of-day quote Thailand S.E. Other stock markets 06:00:00 2024-05-14 pm EDT			5-day change	1st Jan Change
5 ^THB	0.00%		-0.99%	+20.19%

Apr. 19	Saksiam Leasing Public Company Limited Approves Dividend from 01-Jan-2023 to 31-Dec-2023, Payable on May 17, 2024	CI
Feb. 14	Saksiam Leasing Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	17,711	21,170	12,786	8,719	10,480	-	-
Enterprise Value (EV) ¹	17,711	21,170	12,786	8,719	10,480	10,480	10,480
P/E ratio	24.1 x	34.8 x	17.9 x	11.6 x	12.5 x	10.3 x	9.9 x
Yield	1.28%	1.15%	2.25%	-	3%	2.8%	2.2%
Capitalization / Revenue	11 x	12.1 x	5.94 x	2.88 x	3.86 x	3.37 x	3.01 x
EV / Revenue	11 x	12.1 x	5.94 x	2.88 x	3.86 x	3.37 x	3.01 x
EV / EBITDA	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	2.99 x	4.33 x	2.38 x	-	1.65 x	1.53 x	1.38 x
Nbr of stocks (in thousands)	2,096,000	2,096,000	2,096,000	2,096,000	2,096,000	-	-
Reference price ²	8.450	10.10	6.100	4.160	5.000	5.000	5.000
Announcement Date	2/23/21	2/22/22	2/15/23	2/14/24	-	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,614	1,744	2,154	3,030	2,718	3,113	3,483
EBITDA	-	-	-	-	-	-	-
EBIT ¹	831.7	821.9	1,014	1,712	1,233	1,401	1,587
Operating Margin	51.54%	47.13%	47.1%	56.49%	45.34%	45.02%	45.57%
Earnings before Tax (EBT) ¹	700.3	758.3	888	936.4	1,055	1,211	1,363
Net income ¹	561.9	607.5	712.1	750	843.2	967.9	1,090
Net margin	34.82%	34.84%	33.06%	24.75%	31.02%	31.1%	31.29%
EPS ²	0.3500	0.2900	0.3400	0.3600	0.4000	0.4833	0.5050
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.1080	0.1160	0.1370	-	0.1500	0.1400	0.1100
Announcement Date	2/23/21	2/22/22	2/15/23	2/14/24	-	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 S1	2022 Q3	2024 Q1
Net sales ¹	490.8	489.1	493.8	524.1	1,018	517.5	3,029
EBITDA	-	-	-	-	-	-	-
EBIT ¹	259.2	254.3	-	245	480.2	260.3	1,592
Operating Margin	52.81%	52%	-	46.74%	47.17%	50.29%	52.56%
Earnings before Tax (EBT) ¹	-	232.2	-	-	-	-	1,633
Net income ¹	166.4	185.3	164.9	166.4	-	171.5	1,307
Net margin	33.91%	37.89%	33.39%	31.74%	-	33.13%	43.15%
EPS ²	0.0800	0.0900	0.0800	0.0800	-	0.0800	0.6200
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	11/11/21	2/22/22	5/12/22	8/11/22	8/11/22	11/12/22	-

¹THB in Million²THB

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	15.4%	12.9%	13.9%	-	13.9%	14.7%	15%
ROA (Net income/ Total Assets)	7.05%	6.64%	6.73%	-	6.03%	6.1%	6.1%
Assets ¹	7,968	9,154	10,577	-	13,976	15,868	17,866
Book Value Per Share ²	2.820	2.330	2.560	-	3.030	3.270	3.620
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	2/23/21	2/22/22	2/15/23	2/14/24	-	-	-

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

Ratings for Saksiam Leasing

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5 THB

Average target price

5.927 THB

Spread / Average Target

+18.53%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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