Financials Sala @ Sathorn Property Fund

Equities

SSPF

TH1004010001

Real Estate Development & Operations

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
5.05 THB +1.00% Intraday chart for Sala @ Sathorn Property Fund -1.94% -27.34%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 1,687 1,628 1,520 1,286 1,252 1,136
Enterprise Value (EV) 1 1,687 1,628 1,520 1,162 1,185 1,062
P/E ratio 18 x 17.2 x 16.2 x 24.9 x 37.7 x 46.4 x
Yield 4.52% 4.75% 5.18% 5.01% 2.05% 1.72%
Capitalization / Revenue 12.1 x 11.4 x 11.5 x 11.3 x 20.8 x 19.4 x
EV / Revenue 12.1 x 11.4 x 11.5 x 11.3 x 20.8 x 19.4 x
EV / EBITDA - - - - - -
EV / FCF 17.1 x 32.2 x 125 x 23.2 x 78.3 x 58.7 x
FCF Yield 5.85% 3.11% 0.8% 4.3% 1.28% 1.7%
Price to Book 0.89 x 0.85 x 0.79 x 0.68 x 0.67 x 0.61 x
Nbr of stocks (in thousands) 167,000 167,000 167,000 167,000 167,000 167,000
Reference price 2 10.10 9.750 9.100 7.700 7.500 6.800
Announcement Date 8/27/18 8/20/19 8/24/20 8/30/21 8/18/22 8/18/23
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 139.4 142.5 132.3 113.7 60.13 58.63
EBITDA - - - - - -
EBIT 1 83.74 84.91 86.54 70.73 28.27 21.5
Operating Margin 60.06% 59.59% 65.42% 62.18% 47.01% 36.67%
Earnings before Tax (EBT) 1 93.74 94.91 93.59 51.69 33.27 24.5
Net income 1 93.74 94.91 93.57 51.68 33.26 24.47
Net margin 67.23% 66.61% 70.73% 45.44% 55.32% 41.74%
EPS 2 0.5613 0.5683 0.5603 0.3095 0.1992 0.1465
Free Cash Flow 1 98.71 50.56 12.18 55.32 15.99 19.36
FCF margin 70.79% 35.49% 9.21% 48.63% 26.6% 33.02%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) 105.3% 53.27% 13.02% 107.03% 48.08% 79.11%
Dividend per Share 2 0.4563 0.4627 0.4715 0.3854 0.1540 0.1169
Announcement Date 8/27/18 8/20/19 8/24/20 8/30/21 8/18/22 8/18/23
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt - - - - - -
Net Cash position - - - 124 67.9 73.6
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 98.7 50.6 12.2 55.3 16 19.4
ROE (net income / shareholders' equity) 4.99% 5% 4.89% 2.71% 1.77% 1.31%
ROA (Net income/ Total Assets) 2.73% 2.74% 2.77% 2.27% 0.93% 0.71%
Assets 1 3,437 3,469 3,380 2,273 3,586 3,428
Book Value Per Share 2 11.30 11.40 11.50 11.30 11.20 11.20
Cash Flow per Share - - - 0.1400 0.4100 0.4400
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 8/27/18 8/20/19 8/24/20 8/30/21 8/18/22 8/18/23
1THB in Million2THB
Estimates
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