Financials Thai Packaging & Printing

Equities

TPP

TH0205010000

Paper Packaging

End-of-day quote Thailand S.E. 06:00:00 2024-05-19 pm EDT 5-day change 1st Jan Change
13.6 THB +0.74% Intraday chart for Thai Packaging & Printing -5.56% -5.56%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 633.8 648.8 435 697.5 765 540
Enterprise Value (EV) 1 491.9 445.7 238.8 373.1 446.6 209.1
P/E ratio 113 x 17.9 x -113 x 23.9 x 25.6 x 45 x
Yield 1.3% 3.47% 3.45% 10.8% 2.45% 1.53%
Capitalization / Revenue 2.03 x 1.91 x 1.77 x 2.7 x 2.81 x 2.49 x
EV / Revenue 1.58 x 1.31 x 0.97 x 1.44 x 1.64 x 0.96 x
EV / EBITDA 14.1 x 6.6 x 9.86 x 8.23 x 8.98 x 7.29 x
EV / FCF -49.1 x 5.82 x 6.83 x 13.5 x 11.9 x 4.91 x
FCF Yield -2.04% 17.2% 14.7% 7.42% 8.37% 20.4%
Price to Book 0.73 x 0.72 x 0.49 x 0.76 x 0.85 x 0.59 x
Nbr of stocks (in thousands) 37,500 37,500 37,500 37,500 37,500 37,500
Reference price 2 16.90 17.30 11.60 18.60 20.40 14.40
Announcement Date 2/28/19 3/2/20 3/1/21 2/25/22 2/28/23 2/29/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 312.1 339 245.4 258.7 272.1 217.2
EBITDA 1 34.88 67.5 24.22 45.32 49.73 28.69
EBIT 1 19.51 53.35 11.77 33.61 39.54 19.38
Operating Margin 6.25% 15.74% 4.8% 12.99% 14.53% 8.93%
Earnings before Tax (EBT) 1 8.665 45.73 -3.847 34.1 38.09 15.5
Net income 1 5.612 36.15 -3.848 29.14 29.86 11.99
Net margin 1.8% 10.66% -1.57% 11.26% 10.98% 5.52%
EPS 2 0.1496 0.9639 -0.1026 0.7772 0.7964 0.3196
Free Cash Flow 1 -10.02 76.59 34.98 27.67 37.37 42.6
FCF margin -3.21% 22.59% 14.25% 10.7% 13.74% 19.62%
FCF Conversion (EBITDA) - 113.48% 144.4% 61.06% 75.16% 148.48%
FCF Conversion (Net income) - 211.91% - 94.95% 125.15% 355.42%
Dividend per Share 2 0.2200 0.6000 0.4000 2.000 0.5000 0.2200
Announcement Date 2/28/19 3/2/20 3/1/21 2/25/22 2/28/23 2/29/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 142 203 196 324 318 331
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -10 76.6 35 27.7 37.4 42.6
ROE (net income / shareholders' equity) 0.67% 4.08% -0.44% 3.25% 3.3% 1.32%
ROA (Net income/ Total Assets) 1.25% 3.25% 0.71% 2.01% 2.33% 1.16%
Assets 1 448 1,113 -538.7 1,452 1,281 1,037
Book Value Per Share 2 23.30 24.00 23.50 24.40 24.00 24.60
Cash Flow per Share 2 0.7000 2.350 1.190 4.200 1.740 1.220
Capex 1 7.83 4.68 4.04 3.52 4.98 5.95
Capex / Sales 2.51% 1.38% 1.65% 1.36% 1.83% 2.74%
Announcement Date 2/28/19 3/2/20 3/1/21 2/25/22 2/28/23 2/29/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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