Financials Sherwood Corporation (Thailand)

Equities

SWC

TH0801A10Z04

Agricultural Chemicals

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
4.02 THB +2.03% Intraday chart for Sherwood Corporation (Thailand) +1.52% -20.40%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,000 1,086 1,543 2,943 2,924 2,290
Enterprise Value (EV) 1 2,880 1,029 1,478 2,757 2,800 2,151
P/E ratio 16.1 x 8.05 x 32.3 x 26.5 x 215 x 42.1 x
Yield 12.5% 10.6% 7.75% 4.33% 5.81% 0.11%
Capitalization / Revenue 1.84 x 0.65 x 1.19 x 1.61 x 1.72 x 1.34 x
EV / Revenue 1.77 x 0.62 x 1.14 x 1.5 x 1.65 x 1.26 x
EV / EBITDA 11.1 x 4.23 x 10.7 x 11.4 x 32.5 x 15.6 x
EV / FCF 50.4 x 25.8 x 10.8 x 13 x 349 x 15.5 x
FCF Yield 1.98% 3.87% 9.24% 7.72% 0.29% 6.46%
Price to Book 4.74 x 1.57 x 2.37 x 4.24 x 4.22 x 3.59 x
Nbr of stocks (in thousands) 300,000 306,666 318,731 327,044 453,393 453,393
Reference price 2 10.00 3.540 4.840 9.000 6.450 5.050
Announcement Date 2/21/19 2/28/20 2/24/21 2/28/22 2/23/23 2/20/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,627 1,665 1,301 1,832 1,696 1,713
EBITDA 1 258.5 242.9 137.7 241.3 86.29 137.9
EBIT 1 235.5 220 109.1 213.7 56.46 104
Operating Margin 14.48% 13.21% 8.38% 11.66% 3.33% 6.07%
Earnings before Tax (EBT) 1 235.5 216 102.8 212.1 55.02 100
Net income 1 185.7 171.3 67.68 146.2 17.26 55.88
Net margin 11.41% 10.29% 5.2% 7.98% 1.02% 3.26%
EPS 2 0.6200 0.4400 0.1500 0.3400 0.0300 0.1200
Free Cash Flow 1 57.09 39.83 136.6 212.8 8.026 138.9
FCF margin 3.51% 2.39% 10.5% 11.61% 0.47% 8.11%
FCF Conversion (EBITDA) 22.08% 16.4% 99.19% 88.19% 9.3% 100.76%
FCF Conversion (Net income) 30.75% 23.25% 201.86% 145.55% 46.51% 248.61%
Dividend per Share 2 1.250 0.3750 0.3750 0.3900 0.3750 0.005556
Announcement Date 2/21/19 2/28/20 2/24/21 2/28/22 2/23/23 2/20/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 120 57 64.3 187 124 139
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 57.1 39.8 137 213 8.03 139
ROE (net income / shareholders' equity) 25.6% 25.8% 10.3% 22% 3.3% 8.85%
ROA (Net income/ Total Assets) 14.4% 12.3% 5.61% 11.4% 2.83% 5.37%
Assets 1 1,287 1,397 1,207 1,286 609 1,040
Book Value Per Share 2 2.110 2.260 2.040 2.120 1.530 1.410
Cash Flow per Share 2 0.4000 0.7000 0.6900 0.7900 0.6900 0.7200
Capex 1 20.8 29.1 23.6 25.6 37.6 48.1
Capex / Sales 1.28% 1.75% 1.81% 1.4% 2.21% 2.81%
Announcement Date 2/21/19 2/28/20 2/24/21 2/28/22 2/23/23 2/20/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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