Financials Siamese Asset

Equities

SA

THA083010001

Real Estate Development & Operations

End-of-day quote Thailand S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
7.15 THB -0.69% Intraday chart for Siamese Asset +1.42% +0.70%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 6,169 14,702 9,841 8,468
Enterprise Value (EV) 1 11,937 21,711 18,692 20,242
P/E ratio 9.87 x 95.5 x 69.2 x 54.6 x
Yield 3.51% 0.4% 0.6% 0.7%
Capitalization / Revenue 1.8 x 6.72 x 4.84 x 5.98 x
EV / Revenue 3.49 x 9.92 x 9.2 x 14.3 x
EV / EBITDA 15.1 x 75.9 x 114 x 406 x
EV / FCF 21.2 x -17.9 x -8.3 x -8.01 x
FCF Yield 4.71% -5.6% -12% -12.5%
Price to Book 1.69 x 4 x 2.36 x 1.61 x
Nbr of stocks (in thousands) 1,185,650 1,185,646 1,185,646 1,192,701
Reference price 2 5.203 12.40 8.300 7.100
Announcement Date 2/24/21 2/28/22 2/24/23 2/28/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,035 3,470 3,418 2,188 2,032 1,415
EBITDA 1 191.3 846.1 792.2 286.1 163.7 49.84
EBIT 1 173.6 787 722.6 203.9 67 -42.8
Operating Margin 8.53% 22.68% 21.14% 9.32% 3.3% -3.02%
Earnings before Tax (EBT) 1 219.4 783.7 818.9 207.7 290.2 285.9
Net income 1 181.8 502.6 542.6 146.8 155.9 193.1
Net margin 8.94% 14.49% 15.87% 6.71% 7.67% 13.64%
EPS 2 0.1853 0.4923 0.5270 0.1299 0.1200 0.1300
Free Cash Flow 1 -3,087 523.2 562.1 -1,216 -2,252 -2,528
FCF margin -151.7% 15.08% 16.44% -55.56% -110.82% -178.65%
FCF Conversion (EBITDA) - 61.84% 70.95% - - -
FCF Conversion (Net income) - 104.09% 103.58% - - -
Dividend per Share - - 0.1828 0.0490 0.0500 0.0500
Announcement Date 5/28/19 12/24/20 2/24/21 2/28/22 2/24/23 2/28/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 6,718 6,423 5,768 7,009 8,851 11,774
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 35.12 x 7.592 x 7.281 x 24.5 x 54.07 x 236.2 x
Free Cash Flow 1 -3,087 523 562 -1,216 -2,252 -2,528
ROE (net income / shareholders' equity) 10.9% 28.8% 19.9% 3.43% 5% 4.42%
ROA (Net income/ Total Assets) 1.06% 3.86% 3.48% 0.94% 0.27% -0.14%
Assets 1 17,213 13,017 15,600 15,646 57,502 -138,491
Book Value Per Share 2 1.740 2.270 3.080 3.100 3.520 4.410
Cash Flow per Share 2 0.2600 0.3600 0.2800 0.3600 0.5300 0.4300
Capex 1 821 162 268 337 303 462
Capex / Sales 40.37% 4.68% 7.83% 15.41% 14.89% 32.64%
Announcement Date 5/28/19 12/24/20 2/24/21 2/28/22 2/24/23 2/28/24
1THB in Million2THB
Estimates
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