THAILAND PRIME PROPERTY FREEHOLD AND LEASEHOLD REAL ESTATE INVESTMENT TRUST Financials Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust
Equities
TPRIME
TH7549010000
Commercial REITs
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.25 THB | 0.00% |
|
-0.79% | -10.71% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 6,898 | 8,705 | 6,898 | 4,818 | 4,736 | 3,832 |
| Enterprise Value (EV) 1 | 8,361 | 10,197 | 8,392 | 6,468 | 6,362 | 5,451 |
| P/E ratio | 10 x | 13 x | 8.13 x | 15.2 x | 15.5 x | 9.94 x |
| Yield | 3.74% | 3.42% | 4.72% | 4.97% | 4.99% | 6.27% |
| Capitalization / Revenue | 7.4 x | 8.88 x | 7.47 x | 5.94 x | 6.15 x | 4.78 x |
| EV / Revenue | 8.97 x | 10.4 x | 9.08 x | 7.97 x | 8.26 x | 6.79 x |
| EV / EBITDA | 15.3 x | 16.3 x | 12.8 x | 12.2 x | 12.9 x | 10.2 x |
| EV / FCF | 22.7 x | 27.7 x | 23.2 x | 20.7 x | 22.3 x | 19.4 x |
| FCF Yield | 4.41% | 3.61% | 4.31% | 4.84% | 4.47% | 5.15% |
| Price to Book | 1.12 x | 1.36 x | 1.01 x | 0.71 x | 0.7 x | 0.56 x |
| Nbr of stocks (in thousands) | 547,500 | 547,500 | 547,500 | 547,500 | 547,500 | 547,500 |
| Reference price 2 | 12.60 | 15.90 | 12.60 | 8.800 | 8.650 | 7.000 |
| Announcement Date | 2/26/19 | 2/26/20 | 2/24/21 | 2/25/22 | 2/27/23 | 2/27/24 |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 932.2 | 980.9 | 924 | 811.3 | 770.1 | 802.5 |
| EBITDA 1 | 547.9 | 627.2 | 655.1 | 531.7 | 492.8 | 532.9 |
| EBIT 1 | 544.3 | 623.6 | 651.5 | 528.1 | 489.3 | 529.3 |
| Operating Margin | 58.39% | 63.58% | 70.51% | 65.1% | 63.54% | 65.96% |
| Earnings before Tax (EBT) 1 | 753.4 | 744.8 | 932.2 | 381.7 | 360.1 | 443.1 |
| Net income 1 | 689.2 | 669.6 | 848.2 | 316.2 | 305.8 | 385.6 |
| Net margin | 73.94% | 68.27% | 91.79% | 38.97% | 39.71% | 48.04% |
| EPS 2 | 1.259 | 1.223 | 1.549 | 0.5775 | 0.5585 | 0.7042 |
| Free Cash Flow 1 | 368.6 | 368.1 | 361.5 | 313 | 284.7 | 280.9 |
| FCF margin | 39.54% | 37.53% | 39.12% | 38.58% | 36.97% | 35.01% |
| FCF Conversion (EBITDA) | 67.27% | 58.69% | 55.18% | 58.87% | 57.76% | 52.72% |
| FCF Conversion (Net income) | 53.47% | 54.97% | 42.62% | 99% | 93.09% | 72.87% |
| Dividend per Share 2 | 0.4708 | 0.5433 | 0.5953 | 0.4372 | 0.4320 | 0.4389 |
| Announcement Date | 2/26/19 | 2/26/20 | 2/24/21 | 2/25/22 | 2/27/23 | 2/27/24 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,463 | 1,492 | 1,494 | 1,650 | 1,626 | 1,619 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.67 x | 2.378 x | 2.28 x | 3.104 x | 3.299 x | 3.038 x |
| Free Cash Flow 1 | 369 | 368 | 361 | 313 | 285 | 281 |
| ROE (net income / shareholders' equity) | 11.5% | 10.6% | 12.8% | 4.64% | 4.52% | 5.68% |
| ROA (Net income/ Total Assets) | 3.98% | 4.41% | 4.41% | 3.47% | 3.22% | 3.48% |
| Assets 1 | 17,300 | 15,198 | 19,215 | 9,103 | 9,508 | 11,094 |
| Book Value Per Share 2 | 11.30 | 11.70 | 12.50 | 12.40 | 12.30 | 12.50 |
| Cash Flow per Share 2 | 1.040 | 1.000 | 1.280 | 1.270 | 1.300 | 1.270 |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 2/26/19 | 2/26/20 | 2/24/21 | 2/25/22 | 2/27/23 | 2/27/24 |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -10.71% | 92.4M | |
| -6.46% | 46.25B | |
| -8.31% | 20.33B | |
| -3.56% | 13.07B | |
| +16.05% | 11.53B | |
| -4.85% | 9.68B | |
| -0.83% | 8.48B | |
| -14.19% | 8.38B | |
| +1.38% | 7.63B | |
| -18.42% | 5.53B |
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- Financials Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust
