Financials BlueVenture Group

Equities

BVG

THB222010001

Multiline Insurance & Brokers

End-of-day quote Thailand S.E. 06:00:00 2024-05-20 pm EDT 5-day change 1st Jan Change
3.94 THB -1.50% Intraday chart for BlueVenture Group -6.64% -11.26%

Valuation

Fiscal Period: December 2023 2024 2025 2026
Capitalization 1 1,998 1,773 - -
Enterprise Value (EV) 1 1,998 1,773 1,773 1,773
P/E ratio 27.8 x 24.6 x 23.2 x 20.7 x
Yield - 1.27% 1.27% 1.27%
Capitalization / Revenue 3.83 x 3.08 x 2.8 x 2.54 x
EV / Revenue 3.83 x 3.08 x 2.8 x 2.54 x
EV / EBITDA 19.4 x 16.1 x 14.8 x 13.2 x
EV / FCF - 24.2 x 21.3 x 22.6 x
FCF Yield - 4.14% 4.69% 4.43%
Price to Book - 2.28 x 2.18 x 2.05 x
Nbr of stocks (in thousands) 450,000 450,000 - -
Reference price 2 4.440 3.940 3.940 3.940
Announcement Date 2/27/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2022 2023 2024 2025 2026
Net sales 1 - 522 576 633 697
EBITDA 1 - 103.2 110 120 134
EBIT 1 - 78.67 84 93 105
Operating Margin - 15.07% 14.58% 14.69% 15.06%
Earnings before Tax (EBT) 1 - 87.12 88 93 105
Net income 1 54.04 69.13 71 75 84
Net margin - 13.24% 12.33% 11.85% 12.05%
EPS 2 0.1500 0.1600 0.1600 0.1700 0.1900
Free Cash Flow 1 - - 73.32 83.12 78.51
FCF margin - - 12.73% 13.13% 11.26%
FCF Conversion (EBITDA) - - 66.65% 69.27% 58.59%
FCF Conversion (Net income) - - 103.27% 110.83% 93.46%
Dividend per Share 2 - - 0.0500 0.0500 0.0500
Announcement Date 2/28/23 2/27/24 - - -
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2022 2023 2024 2025 2026
Net Debt - - - - -
Net Cash position - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow 1 - - 73.3 83.1 78.5
ROE (net income / shareholders' equity) - - 9.3% 9.4% 10%
ROA (Net income/ Total Assets) - - 7.4% 7.5% 8%
Assets 1 - - 959.5 1,000 1,050
Book Value Per Share 2 - - 1.730 1.810 1.920
Cash Flow per Share 2 - - 0.2100 0.2300 0.2500
Capex 1 - - 35 30 20
Capex / Sales - - 6.08% 4.74% 2.87%
Announcement Date 2/28/23 2/27/24 - - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
3.94 THB
Average target price
4.2 THB
Spread / Average Target
+6.60%
Consensus

Annual profits - Rate of surprise

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