Financials Univanich Palm Oil

Equities

UVAN

TH0748010Z04

Food Processing

End-of-day quote Thailand S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
8.65 THB +1.17% Intraday chart for Univanich Palm Oil +3.59% +5.49%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,076 5,029 5,452 5,781 7,285 7,708
Enterprise Value (EV) 1 4,491 4,567 4,986 5,255 5,934 6,596
P/E ratio 16.7 x 23.2 x 16.6 x 6.89 x 5.1 x 8.24 x
Yield 7.41% 6.36% 4.66% 11.4% 12.9% 9.15%
Capitalization / Revenue 0.89 x 1.12 x 0.92 x 0.49 x 0.39 x 0.54 x
EV / Revenue 0.79 x 1.01 x 0.84 x 0.45 x 0.32 x 0.47 x
EV / EBITDA 8.06 x 9.62 x 8.01 x 4.08 x 2.78 x 4.46 x
EV / FCF 17.7 x 33.8 x 34 x 21.4 x 4.9 x 12.5 x
FCF Yield 5.64% 2.96% 2.94% 4.67% 20.4% 8%
Price to Book 1.53 x 1.6 x 1.7 x 1.6 x 1.66 x 1.76 x
Nbr of stocks (in thousands) 940,000 940,000 940,000 940,000 940,000 940,000
Reference price 2 5.400 5.350 5.800 6.150 7.750 8.200
Announcement Date 2/22/19 2/28/20 2/24/21 2/25/22 2/24/23 2/23/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,718 4,506 5,908 11,789 18,587 14,174
EBITDA 1 557 475 622.5 1,288 2,136 1,478
EBIT 1 360.9 271.9 400.8 1,055 1,904 1,251
Operating Margin 6.31% 6.03% 6.78% 8.95% 10.24% 8.83%
Earnings before Tax (EBT) 1 386.6 287.7 422.9 1,103 1,821 1,211
Net income 1 303.8 216.9 329.1 839.3 1,430 936
Net margin 5.31% 4.81% 5.57% 7.12% 7.69% 6.6%
EPS 2 0.3232 0.2307 0.3501 0.8928 1.521 0.9957
Free Cash Flow 1 253.3 135.3 146.8 245.7 1,210 527.7
FCF margin 4.43% 3% 2.49% 2.08% 6.51% 3.72%
FCF Conversion (EBITDA) 45.48% 28.48% 23.59% 19.07% 56.65% 35.69%
FCF Conversion (Net income) 83.39% 62.38% 44.61% 29.27% 84.63% 56.38%
Dividend per Share 2 0.4000 0.3400 0.2700 0.7000 1.000 0.7500
Announcement Date 2/22/19 2/28/20 2/24/21 2/25/22 2/24/23 2/23/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 585 462 466 526 1,351 1,112
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 253 135 147 246 1,210 528
ROE (net income / shareholders' equity) 9.15% 6.79% 10.4% 25% 35.7% 21.5%
ROA (Net income/ Total Assets) 5.69% 4.57% 6.65% 15.8% 24.5% 15%
Assets 1 5,338 4,750 4,946 5,298 5,833 6,238
Book Value Per Share 2 3.520 3.350 3.420 3.840 4.660 4.660
Cash Flow per Share 2 0.6100 0.5800 0.6900 0.7200 1.480 1.270
Capex 1 364 348 206 120 181 475
Capex / Sales 6.37% 7.71% 3.49% 1.02% 0.97% 3.35%
Announcement Date 2/22/19 2/28/20 2/24/21 2/25/22 2/24/23 2/23/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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