Financials Wave Entertainment

Equities

WAVE

TH0397A10Z04

Miscellaneous Educational Service Providers

End-of-day quote Thailand S.E. 06:00:00 2024-05-27 pm EDT 5-day change 1st Jan Change
0.14 THB 0.00% Intraday chart for Wave Entertainment 0.00% -17.65%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 973.3 678.5 479 855.9 1,123 1,566
Enterprise Value (EV) 1 1,771 1,335 1,181 1,184 607.9 1,587
P/E ratio -5.04 x -10.6 x -1.61 x -1.24 x -4.65 x -91.5 x
Yield - - - - - -
Capitalization / Revenue 0.4 x 0.62 x 0.68 x 2.99 x 3.92 x 3.49 x
EV / Revenue 0.72 x 1.23 x 1.68 x 4.14 x 2.12 x 3.54 x
EV / EBITDA 20.2 x 26.6 x -16.5 x -52 x -3.54 x -110 x
EV / FCF -23 x -1.52 x 2.12 x 3.86 x -2.17 x -1.61 x
FCF Yield -4.34% -65.9% 47.1% 25.9% -46% -62.3%
Price to Book 1.16 x 0.81 x 0.58 x 6.57 x 1.29 x 1.64 x
Nbr of stocks (in thousands) 467,950 467,950 785,262 785,262 8,637,874 9,212,502
Reference price 2 2.080 1.450 0.6100 1.090 0.1300 0.1700
Announcement Date 2/28/19 2/28/20 2/25/21 2/28/22 3/1/23 2/29/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,455 1,087 701.2 286 286.1 448.3
EBITDA 1 87.7 50.14 -71.4 -22.79 -171.7 -14.39
EBIT 1 -108.2 -110.2 -122.7 -59.89 -187.9 -31.56
Operating Margin -4.41% -10.13% -17.49% -20.94% -65.68% -7.04%
Earnings before Tax (EBT) 1 -92.95 -64.13 -252.3 -655.5 -191 -20.32
Net income 1 -188.5 -64.11 -201.1 -692.8 -65.81 -15.9
Net margin -7.68% -5.9% -28.68% -242.19% -23% -3.55%
EPS 2 -0.4127 -0.1370 -0.3791 -0.8826 -0.0279 -0.001858
Free Cash Flow 1 -76.85 -879.7 556.1 307 -279.7 -987.8
FCF margin -3.13% -80.89% 79.31% 107.31% -97.77% -220.33%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 2/28/19 2/28/20 2/25/21 2/28/22 3/1/23 2/29/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 798 656 702 328 - 20.5
Net Cash position 1 - - - - 515 -
Leverage (Debt/EBITDA) 9.098 x 13.09 x -9.834 x -14.41 x - -1.426 x
Free Cash Flow 1 -76.8 -880 556 307 -280 -988
ROE (net income / shareholders' equity) -7.3% -5.69% -19.3% -145% -38.3% -2.3%
ROA (Net income/ Total Assets) -2.09% -2.07% -2.89% -2.67% -11.3% -1.39%
Assets 1 9,027 3,097 6,950 25,970 584.8 1,143
Book Value Per Share 2 1.790 1.790 1.040 0.1700 0.1000 0.1000
Cash Flow per Share 2 0.3800 0.1500 0.0200 0.0100 0.0300 0
Capex 1 259 156 44.7 3.87 33.4 6.52
Capex / Sales 10.57% 14.33% 6.37% 1.35% 11.68% 1.45%
Announcement Date 2/28/19 2/28/20 2/25/21 2/28/22 3/1/23 2/29/24
1THB in Million2THB
Estimates
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