Financials Thanapiriya

Equities

TNP

TH6881010008

Food Retail & Distribution

End-of-day quote Thailand S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
3.4 THB +1.19% Intraday chart for Thanapiriya +1.80% +15.65%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 1,760 2,704 4,240 3,200 2,352 2,720
Enterprise Value (EV) 1 1,760 2,704 4,240 3,200 2,352 2,720
P/E ratio 19.8 x 20.2 x 22.1 x 21.5 x 15.2 x 15.5 x
Yield 2.27% 2.07% 1.89% 2% - 2.65%
Capitalization / Revenue 0.9 x 1.23 x 1.62 x 1.32 x 0.9 x 0.94 x
EV / Revenue 0.9 x 1.23 x 1.62 x 1.32 x 0.9 x 0.94 x
EV / EBITDA 12,334,419 x 12,992,032 x 14,823,055 x 13,489,650 x 9,491,616 x -
EV / FCF 29.3 x 36.4 x 36.1 x -844 x - 9.58 x
FCF Yield 3.41% 2.75% 2.77% -0.12% - 10.4%
Price to Book 2.5 x 3.42 x 4.66 x 3.23 x - -
Nbr of stocks (in thousands) 800,000 800,000 800,000 800,000 800,000 800,000
Reference price 2 2.200 3.380 5.300 4.000 2.940 3.400
Announcement Date 2/18/20 2/22/21 2/23/22 2/20/23 2/19/24 -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net sales 1 1,952 2,196 2,623 2,433 2,613 2,887
EBITDA 142.7 208.1 286 237.2 247.8 -
EBIT 106 164.5 238.7 186.5 194.9 -
Operating Margin 5.43% 7.49% 9.1% 7.66% 7.46% -
Earnings before Tax (EBT) 106 162.4 236.6 184.2 192.7 -
Net income 1 88.6 133.9 192.1 149 155.5 175
Net margin 4.54% 6.1% 7.32% 6.12% 5.95% 6.06%
EPS 2 0.1110 0.1670 0.2400 0.1860 0.1940 0.2200
Free Cash Flow 1 59.99 74.33 117.5 -3.791 - 284
FCF margin 3.07% 3.38% 4.48% -0.16% - 9.84%
FCF Conversion (EBITDA) 42.04% 35.71% 41.06% - - -
FCF Conversion (Net income) 67.71% 55.53% 61.14% - - 162.29%
Dividend per Share 2 0.0500 0.0700 0.1000 0.0800 - 0.0900
Announcement Date 2/18/20 2/22/21 2/23/22 2/20/23 2/19/24 -
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 60 74.3 117 -3.79 - 284
ROE (net income / shareholders' equity) 13.1% 17.9% 22.6% 15.7% - -
ROA (Net income/ Total Assets) 10.4% 14.1% 17.3% 12.2% - -
Assets 1 849.1 950.8 1,111 1,219 - -
Book Value Per Share 0.8800 0.9900 1.140 1.240 - -
Cash Flow per Share - - 0.2900 - - -
Capex 1 66.4 105 114 116 - 45
Capex / Sales 3.4% 4.77% 4.33% 4.77% - 1.56%
Announcement Date 2/18/20 2/22/21 2/23/22 2/20/23 2/19/24 -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
3.4 THB
Average target price
4.9 THB
Spread / Average Target
+44.12%
Consensus

Annual profits - Rate of surprise

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