THAI AGRO ENERGY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.96 THB | +1.05% |
|
+3.23% | -4.00% |
| Apr. 25 | Thai Agro Energy Public Company Limited Approves Omission of Dividend Payment for the Year 2023 | CI |
| Apr. 25 | Thai Agro Energy Public Company Limited Announces Board Changes | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,040 | 3,280 | 2,360 | 2,280 | 1,590 | 1,000 |
| Enterprise Value (EV) 1 | 3,812 | 5,261 | 3,742 | 3,848 | 3,462 | 2,287 |
| P/E ratio | 6.93 x | 6.39 x | 33.6 x | -39 x | -18.5 x | 33 x |
| Yield | 12.3% | 10.7% | 3.39% | - | - | - |
| Capitalization / Revenue | 0.76 x | 1.29 x | 0.98 x | 1.03 x | 0.79 x | 0.37 x |
| EV / Revenue | 1.41 x | 2.07 x | 1.55 x | 1.74 x | 1.73 x | 0.85 x |
| EV / EBITDA | 7.28 x | 7.59 x | 13.2 x | 30.6 x | 34.1 x | 8.11 x |
| EV / FCF | -5.41 x | -53.6 x | 4.7 x | -30.4 x | -13.2 x | 3.95 x |
| FCF Yield | -18.5% | -1.86% | 21.3% | -3.29% | -7.58% | 25.3% |
| Price to Book | 1.15 x | 1.69 x | 1.31 x | 1.34 x | 0.98 x | 0.6 x |
| Nbr of stocks (in thousands) | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Reference price 2 | 2.040 | 3.280 | 2.360 | 2.280 | 1.590 | 1.000 |
| Announcement Date | 2/20/19 | 2/19/20 | 2/16/21 | 2/17/22 | 2/14/23 | 2/20/24 |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,698 | 2,537 | 2,409 | 2,208 | 2,006 | 2,679 |
| EBITDA 1 | 523.5 | 692.8 | 283.8 | 125.6 | 101.4 | 282.1 |
| EBIT 1 | 364.8 | 526.5 | 116.3 | -36.64 | -60.69 | 106.1 |
| Operating Margin | 13.52% | 20.75% | 4.83% | -1.66% | -3.03% | 3.96% |
| Earnings before Tax (EBT) 1 | 321.8 | 529.7 | 76.24 | -73.38 | -105.8 | 38.01 |
| Net income 1 | 294.3 | 513.6 | 70.17 | -58.42 | -85.88 | 30.28 |
| Net margin | 10.91% | 20.24% | 2.91% | -2.65% | -4.28% | 1.13% |
| EPS 2 | 0.2943 | 0.5136 | 0.0702 | -0.0584 | -0.0859 | 0.0303 |
| Free Cash Flow 1 | -704.9 | -98.1 | 795.9 | -126.7 | -262.6 | 579.7 |
| FCF margin | -26.13% | -3.87% | 33.04% | -5.74% | -13.09% | 21.64% |
| FCF Conversion (EBITDA) | - | - | 280.42% | - | - | 205.46% |
| FCF Conversion (Net income) | - | - | 1,134.16% | - | - | 1,914.5% |
| Dividend per Share 2 | 0.2500 | 0.3500 | 0.0800 | - | - | - |
| Announcement Date | 2/20/19 | 2/19/20 | 2/16/21 | 2/17/22 | 2/14/23 | 2/20/24 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,772 | 1,981 | 1,382 | 1,568 | 1,872 | 1,287 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.385 x | 2.859 x | 4.868 x | 12.49 x | 18.46 x | 4.563 x |
| Free Cash Flow 1 | -705 | -98.1 | 796 | -127 | -263 | 580 |
| ROE (net income / shareholders' equity) | 17.3% | 27.7% | 3.76% | -3.33% | -5.17% | 1.85% |
| ROA (Net income/ Total Assets) | 6.91% | 8.32% | 1.94% | -0.68% | -1.08% | 1.98% |
| Assets 1 | 4,261 | 6,172 | 3,619 | 8,617 | 7,933 | 1,531 |
| Book Value Per Share 2 | 1.770 | 1.940 | 1.800 | 1.710 | 1.620 | 1.650 |
| Cash Flow per Share 2 | 0.0300 | 0.0300 | 0.0300 | 0.0400 | 0.0200 | 0.0500 |
| Capex 1 | 491 | 268 | 160 | 86.5 | 79.4 | 94.1 |
| Capex / Sales | 18.2% | 10.55% | 6.65% | 3.92% | 3.96% | 3.51% |
| Announcement Date | 2/20/19 | 2/19/20 | 2/16/21 | 2/17/22 | 2/14/23 | 2/20/24 |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -4.00% | 25.92M | |
| -15.15% | 1.38B | |
| 0.00% | 1.09B | |
| +20.59% | 998M | |
| +2.83% | 292M | |
| -2.56% | 153M | |
| -27.07% | 149M | |
| -2.86% | 104M | |
| +1.47% | 82.01M |
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