VANACHAI GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.42 THB | +0.59% |
|
-1.72% | -8.06% |
| Feb. 27 | Vanachai Group Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Vanachai Group Public Company Limited Announces Board and Committee Changes | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 7,741 | 5,986 | 5,726 | 13,535 | 9,891 | 6,455 |
| Enterprise Value (EV) 1 | 15,202 | 14,927 | 15,549 | 22,336 | 18,649 | 14,791 |
| P/E ratio | -20.9 x | -4.87 x | -9.18 x | 10.5 x | 13.8 x | 242 x |
| Yield | 4.05% | - | - | 5.13% | 3.51% | 0.54% |
| Capitalization / Revenue | 0.76 x | 0.63 x | 0.69 x | 1.04 x | 0.75 x | 0.46 x |
| EV / Revenue | 1.48 x | 1.58 x | 1.87 x | 1.72 x | 1.42 x | 1.05 x |
| EV / EBITDA | 21.1 x | -238 x | 26.6 x | 8.59 x | 8.78 x | 9.57 x |
| EV / FCF | -8.18 x | -13.7 x | -18.4 x | 38.6 x | 44.4 x | 21.6 x |
| FCF Yield | -12.2% | -7.27% | -5.45% | 2.59% | 2.25% | 4.63% |
| Price to Book | 1.02 x | 0.97 x | 0.92 x | 1.84 x | 1.34 x | 0.89 x |
| Nbr of stocks (in thousands) | 1,567,007 | 1,567,007 | 1,735,237 | 1,735,237 | 1,735,237 | 1,735,237 |
| Reference price 2 | 4.940 | 3.820 | 3.300 | 7.800 | 5.700 | 3.720 |
| Announcement Date | 2/25/19 | 2/25/20 | 3/1/21 | 2/22/22 | 2/22/23 | 2/27/24 |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 10,249 | 9,440 | 8,312 | 12,988 | 13,138 | 14,148 |
| EBITDA 1 | 721 | -62.62 | 584.5 | 2,601 | 2,123 | 1,546 |
| EBIT 1 | -158 | -1,082 | -364.5 | 1,627 | 1,028 | 441.9 |
| Operating Margin | -1.54% | -11.46% | -4.39% | 12.53% | 7.83% | 3.12% |
| Earnings before Tax (EBT) 1 | -352.5 | -1,234 | -594.2 | 1,331 | 836.4 | 113.8 |
| Net income 1 | -371.2 | -1,229 | -590.5 | 1,294 | 716.7 | 26.66 |
| Net margin | -3.62% | -13.02% | -7.1% | 9.96% | 5.46% | 0.19% |
| EPS 2 | -0.2369 | -0.7841 | -0.3596 | 0.7456 | 0.4130 | 0.0154 |
| Free Cash Flow 1 | -1,859 | -1,086 | -847.1 | 578 | 419.7 | 685.2 |
| FCF margin | -18.14% | -11.5% | -10.19% | 4.45% | 3.2% | 4.84% |
| FCF Conversion (EBITDA) | - | - | - | 22.22% | 19.77% | 44.33% |
| FCF Conversion (Net income) | - | - | - | 44.67% | 58.57% | 2,570.36% |
| Dividend per Share 2 | 0.2000 | - | - | 0.4000 | 0.2000 | 0.0200 |
| Announcement Date | 2/25/19 | 2/25/20 | 3/1/21 | 2/22/22 | 2/22/23 | 2/27/24 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 7,461 | 8,941 | 9,823 | 8,801 | 8,758 | 8,336 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 10.35 x | -142.8 x | 16.8 x | 3.384 x | 4.125 x | 5.393 x |
| Free Cash Flow 1 | -1,859 | -1,086 | -847 | 578 | 420 | 685 |
| ROE (net income / shareholders' equity) | -4.39% | -17.7% | -9.5% | 19.1% | 9.98% | 0.61% |
| ROA (Net income/ Total Assets) | -0.61% | -3.96% | -1.27% | 5.23% | 3.2% | 1.43% |
| Assets 1 | 60,969 | 31,015 | 46,560 | 24,741 | 22,403 | 1,868 |
| Book Value Per Share 2 | 4.860 | 3.960 | 3.590 | 4.240 | 4.260 | 4.180 |
| Cash Flow per Share 2 | 0.2800 | 0.2400 | 0.6300 | 0.8500 | 0.7800 | 0.3700 |
| Capex 1 | 2,371 | 1,669 | 1,198 | 816 | 795 | 485 |
| Capex / Sales | 23.13% | 17.68% | 14.42% | 6.28% | 6.05% | 3.43% |
| Announcement Date | 2/25/19 | 2/25/20 | 3/1/21 | 2/22/22 | 2/22/23 | 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. | |
|---|---|---|
| -8.06% | 160M | |
| -9.49% | 6.99B | |
| -.--% | 1.39B | |
| -20.28% | 1.23B | |
| +13.58% | 927M | |
| -24.11% | 512M | |
| -22.46% | 342M | |
| -36.94% | 83.51M | |
| +41.76% | 262M | |
| -34.96% | 261M |
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