Financials Stars Microelectronics (Thailand)

Equities

SMT

TH1015A10Z04

Electronic Equipment & Parts

End-of-day quote Thailand S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
2.76 THB 0.00% Intraday chart for Stars Microelectronics (Thailand) +2.99% -25.41%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Capitalization 1 2,225 5,437 4,234 3,087 2,289 -
Enterprise Value (EV) 1 2,225 6,120 4,469 3,087 2,289 2,289
P/E ratio 27.4 x 27.1 x 14.9 x 13.7 x 8.36 x 7.46 x
Yield - - 0.99% 1.89% 2.9% 3.26%
Capitalization / Revenue - 2.49 x 1.49 x 1.2 x 0.82 x 0.75 x
EV / Revenue - 2.49 x 1.49 x 1.2 x 0.82 x 0.75 x
EV / EBITDA - 13.8 x 7.38 x 6.66 x 4.36 x 3.83 x
EV / FCF - 25.6 x 8.59 x 6.77 x 7.89 x 5.87 x
FCF Yield - 3.9% 11.6% 14.8% 12.7% 17%
Price to Book - 3.45 x 2.26 x 1.55 x - -
Nbr of stocks (in thousands) 836,479 836,491 838,367 834,426 829,384 -
Reference price 2 2.660 6.500 5.050 3.700 2.760 2.760
Announcement Date 2/18/21 2/18/22 2/27/23 2/22/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 - 2,183 2,835 2,580 2,787 3,066
EBITDA 1 - 393.2 573.7 463.8 525 597
EBIT - 143.9 271.4 187.9 - -
Operating Margin - 6.59% 9.57% 7.28% - -
Earnings before Tax (EBT) - 171.2 317.2 240.4 - -
Net income 1 81.39 209.7 303.5 235.3 276 315
Net margin - 9.61% 10.7% 9.12% 9.9% 10.27%
EPS 2 0.0970 0.2400 0.3400 0.2700 0.3300 0.3700
Free Cash Flow 1 - 212 492.8 455.9 290 390
FCF margin - 9.71% 17.38% 17.67% 10.41% 12.72%
FCF Conversion (EBITDA) - 53.91% 85.9% 98.29% 55.24% 65.33%
FCF Conversion (Net income) - 101.09% 162.36% 193.71% 105.07% 123.81%
Dividend per Share 2 - - 0.0500 0.0700 0.0800 0.0900
Announcement Date 2/18/21 2/18/22 2/27/23 2/22/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q3 2023 Q4
Net sales 1 532.4 590.9 683.6 851.8 751.2 703 525.1
EBITDA - - - - 123.8 - -
EBIT 1 67.61 52.15 79.72 122.2 49.52 74.24 -36.32
Operating Margin 12.7% 8.83% 11.66% 14.35% 6.59% 10.56% -6.92%
Earnings before Tax (EBT) 1 56.12 58.97 80.96 115 62.29 84.78 -20.16
Net income 1 56.65 56.84 71.1 102.8 72.81 82.11 -5.821
Net margin 10.64% 9.62% 10.4% 12.07% 9.69% 11.68% -1.11%
EPS - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 11/4/21 5/6/22 8/4/22 11/4/22 2/27/23 11/2/23 2/22/24
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt - 683 236 - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - 1.738 x 0.4107 x - - -
Free Cash Flow 1 - 212 493 456 290 390
ROE (net income / shareholders' equity) - - 17.6% 11.9% 12.7% 13.1%
ROA (Net income/ Total Assets) - - 10.9% 9.22% - -
Assets 1 - - 2,775 2,552 - -
Book Value Per Share - 1.880 2.240 2.390 - -
Cash Flow per Share - - - - - -
Capex 1 - 44.5 27 55.7 100 100
Capex / Sales - 2.04% 0.95% 2.16% 3.59% 3.26%
Announcement Date 2/18/21 2/18/22 2/27/23 2/22/24 - -
1THB in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
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Quarterly revenue - Rate of surprise

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