Company Valuation: Thai Nam Plastic

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 239.6 786 695.3 494.2 293.1 289.7
Change - 228% -11.55% -28.92% -40.69% -1.16%
Enterprise Value (EV) 1 441.7 1,048 1,066 818.3 630.6 652.1
Change - 137.39% 1.66% -23.22% -22.94% 3.41%
P/E 103x 9.1x -112x 16.5x -2.16x -1.89x
PBR 0.54x 1.51x 1.38x 0.91x 0.52x 0.74x
PEG - 0x 1x -0x 0x -0.1x
Capitalization / Revenue 0.33x 0.74x 0.49x 0.31x 0.21x 0.22x
EV / Revenue 0.6x 0.99x 0.75x 0.51x 0.46x 0.48x
EV / EBITDA 7.2x 7.31x 14.4x 5.92x -9.05x -41.8x
EV / EBIT 26.7x 10.7x 37x 8.69x -5.52x -10.9x
EV / FCF 6.75x -17.4x -10.7x 20.5x 12.4x -194x
FCF Yield 14.8% -5.76% -9.38% 4.88% 8.08% -0.52%
Dividend per Share 2 0.0117 0.0469 0.02 0.018 - -
Rate of return 1.66% 2.03% 0.98% 1.24% - -
EPS 2 0.006804 0.2534 -0.0183 0.088 -0.3987 -0.4495
Distribution rate 172% 18.5% -109% 20.5% - -
Net sales 1 736.2 1,061 1,419 1,602 1,364 1,346
EBITDA 1 61.38 143.3 73.99 138.3 -69.66 -15.62
EBIT 1 16.52 98.3 28.84 94.21 -114.3 -59.88
Net income 1 2.319 86.35 -6.229 29.98 -135.9 -153.2
Net Debt 1 202 262.4 370.6 324.2 337.5 362.4
Reference price 2 0.7031 2.3062 2.0400 1.4500 0.8600 0.8500
Nbr of stocks (in thousands) 340,818 340,818 340,814 340,814 340,814 340,814
Announcement Date 3/1/21 3/1/22 3/1/23 2/29/24 3/2/25 3/3/26
1THB in Million2THB
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 9.04M
32.11x7.11x18.29x1.25% 237B
30.25x4.66x15.08x1.97% 133B
31.03x3.72x19.25x0.93% 82.64B
90.5x6.67x15.53x2.37% 67.88B
15.47x5.57x24.73x4.78% 57.93B
77.24x1.34x9.23x5.76% 38.41B
11.19x1.11x6x2.75% 34.05B
16.61x1.91x11.09x2.38% 27.03B
47.12x5.8x31.89x1.22% 25.98B
Average 39.06x 4.21x 16.79x 2.6% 70.38B
Weighted average by Cap. 37.30x 5.22x 17.20x 2.11%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Thai Nam Plastic

Historical PBR trend

Valuation ratios - PBR - Thai Nam Plastic

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Thai Nam Plastic

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Thai Nam Plastic

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