Financials WP Energy

Equities

WP

TH6073010Z01

Natural Gas Utilities

End-of-day quote Thailand S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
4.3 THB +0.94% Intraday chart for WP Energy +2.38% +10.82%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,582 2,618 2,175 2,696 2,333 1,981
Enterprise Value (EV) 1 1,693 1,731 1,892 2,474 1,991 1,707
P/E ratio 8.03 x 9.01 x 12.9 x 27.2 x 19.6 x 16 x
Yield - 4.95% 4.67% 2.88% 5.56% 7.22%
Capitalization / Revenue 0.18 x 0.18 x 0.18 x 0.23 x 0.15 x 0.11 x
EV / Revenue 0.11 x 0.12 x 0.16 x 0.21 x 0.13 x 0.1 x
EV / EBITDA 4.04 x 5.27 x 6.14 x 8.91 x 6.03 x 5.82 x
EV / FCF -30.9 x 26.3 x -2.98 x -55.8 x -6.88 x -14 x
FCF Yield -3.24% 3.8% -33.6% -1.79% -14.5% -7.12%
Price to Book 2.6 x 2.05 x 1.71 x 2.05 x 1.73 x 1.51 x
Nbr of stocks (in thousands) 518,500 518,500 508,130 518,500 518,500 510,505
Reference price 2 4.980 5.050 4.280 5.200 4.500 3.880
Announcement Date 2/22/19 2/27/20 2/24/21 2/24/22 2/23/23 2/22/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 14,727 14,154 11,878 11,540 15,323 17,933
EBITDA 1 418.6 328.5 308 277.6 330.3 293.3
EBIT 1 150.1 49.93 39.66 -52.19 -27.73 -62.47
Operating Margin 1.02% 0.35% 0.33% -0.45% -0.18% -0.35%
Earnings before Tax (EBT) 1 388.5 357.8 213.3 118.3 155.5 161.1
Net income 1 321.5 290.5 170.1 98.82 119.2 125.5
Net margin 2.18% 2.05% 1.43% 0.86% 0.78% 0.7%
EPS 2 0.6200 0.5603 0.3321 0.1912 0.2299 0.2427
Free Cash Flow 1 -54.79 65.78 -635.6 -44.37 -289.5 -121.6
FCF margin -0.37% 0.46% -5.35% -0.38% -1.89% -0.68%
FCF Conversion (EBITDA) - 20.02% - - - -
FCF Conversion (Net income) - 22.65% - - - -
Dividend per Share - 0.2500 0.2000 0.1500 0.2500 0.2800
Announcement Date 2/22/19 2/27/20 2/24/21 2/24/22 2/23/23 2/22/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 889 888 283 222 342 273
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -54.8 65.8 -636 -44.4 -289 -122
ROE (net income / shareholders' equity) 38.6% 25.3% 12.9% 6.75% 8.53% 9.12%
ROA (Net income/ Total Assets) 1.66% 0.53% 0.4% -0.51% -0.26% -0.55%
Assets 1 19,406 54,769 42,270 -19,233 -46,251 -22,818
Book Value Per Share 2 1.910 2.460 2.500 2.530 2.600 2.570
Cash Flow per Share 2 1.340 1.280 1.280 1.200 1.540 1.360
Capex 1 246 353 496 334 385 465
Capex / Sales 1.67% 2.49% 4.18% 2.9% 2.51% 2.59%
Announcement Date 2/22/19 2/27/20 2/24/21 2/24/22 2/23/23 2/22/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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