Financials Gunkul Engineering

Equities

GUNKUL

TH1041010Z03

Electric Utilities

End-of-day quote Thailand S.E. 06:00:00 2024-05-08 pm EDT 5-day change 1st Jan Change
2.62 THB -0.76% Intraday chart for Gunkul Engineering +0.77% -6.43%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,175 22,134 49,742 46,633 24,680 22,623 - -
Enterprise Value (EV) 1 46,854 44,348 73,324 59,576 24,680 22,623 22,623 22,623
P/E ratio 12.4 x 6.46 x 22.4 x 15.4 x 16.5 x 14.2 x 13.8 x -
Yield 4.56% 7.22% 3.21% 2.29% - 4.2% 4.2% 3.82%
Capitalization / Revenue 3.69 x 2.56 x 5.34 x 6.21 x 3.25 x 3.11 x 2.96 x 2.57 x
EV / Revenue 3.69 x 2.56 x 5.34 x 6.21 x 3.25 x 3.11 x 2.96 x 2.57 x
EV / EBITDA 6.07 x 6.49 x 11.9 x 15.2 x 10.7 x 7.85 x 7.58 x 8.3 x
EV / FCF 9.25 x -7.67 x 25.6 x 41.2 x - 11.1 x 6.69 x -30.9 x
FCF Yield 10.8% -13% 3.9% 2.43% - 9.03% 14.9% -3.24%
Price to Book 2.44 x 1.79 x 3.79 x 3.31 x - 1.54 x 1.46 x -
Nbr of stocks (in thousands) 8,783,487 8,783,487 8,882,531 8,882,531 8,814,231 8,634,804 - -
Reference price 2 2.980 2.520 5.600 5.250 2.800 2.620 2.620 2.620
Announcement Date 2/25/20 2/24/21 2/23/22 2/27/23 2/28/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,099 8,649 9,318 7,506 7,605 7,280 7,652 8,807
EBITDA 1 4,311 3,412 4,184 3,065 2,302 2,883 2,983 2,726
EBIT 1 3,173 2,059 2,642 1,752 1,291 1,218 1,250 1,511
Operating Margin 44.7% 23.8% 28.35% 23.35% 16.97% 16.73% 16.34% 17.16%
Earnings before Tax (EBT) 1 2,263 3,545 2,439 3,315 1,654 639 627.5 917
Net income 1 2,147 3,412 2,229 3,011 1,474 1,562 1,736 1,525
Net margin 30.25% 39.45% 23.92% 40.11% 19.39% 21.46% 22.69% 17.32%
EPS 2 0.2400 0.3900 0.2500 0.3400 0.1700 0.1850 0.1900 -
Free Cash Flow 1 2,830 -2,885 1,940 1,131 - 2,044 3,382 -732
FCF margin 39.87% -33.36% 20.82% 15.07% - 28.08% 44.2% -8.31%
FCF Conversion (EBITDA) 65.66% - 46.37% 36.9% - 70.9% 113.38% -
FCF Conversion (Net income) 131.81% - 87.04% 37.57% - 130.86% 194.82% -
Dividend per Share 2 0.1360 0.1820 0.1800 0.1200 - 0.1100 0.1100 0.1000
Announcement Date 2/25/20 2/24/21 2/23/22 2/27/23 2/28/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales 3,306 2,480 1,995 2,017 1,924 1,570 1,877 1,682 - - - -
EBITDA 2,014 1,110 836.2 1,116 697.7 407.7 615.1 844.5 - - - -
EBIT 1,257 718.3 450.5 725.7 411.2 157.4 372.7 590.5 - - - -
Operating Margin 38.02% 28.96% 22.58% 35.98% 21.37% 10.03% 19.86% 35.11% - - - -
Earnings before Tax (EBT) 1,181 703.6 576.9 836.5 1,689 213.2 488.8 - - - - -
Net income 1 1,132 589.2 503.4 778.3 1,539 189.4 455.8 451.7 461.9 105 361 327
Net margin 34.25% 23.76% 25.24% 38.58% 80.02% 12.06% 24.29% 26.86% - - - -
EPS 0.1300 - - - - 0.0220 - - - - - -
Dividend per Share - - - - - - - - - - - -
Announcement Date 8/11/21 11/10/21 5/11/22 8/10/22 11/10/22 2/27/23 5/10/23 8/9/23 11/8/23 2/28/24 - -
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 20,680 22,214 23,582 12,943 - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 4.797 x 6.51 x 5.636 x 4.223 x - - - -
Free Cash Flow 1 2,830 -2,885 1,940 1,131 - 2,044 3,382 -732
ROE (net income / shareholders' equity) 21.9% 29.6% 17.5% 22.1% - 10.1% 10.2% 9.4%
ROA (Net income/ Total Assets) 5.75% 8.02% 5.04% 8.05% - 4.5% 5.1% 4.2%
Assets 1 37,333 42,537 44,259 37,408 - 34,711 34,039 36,310
Book Value Per Share 2 1.220 1.410 1.480 1.580 - 1.700 1.800 -
Cash Flow per Share 2 0.4100 0.0700 0.5600 0.2300 - 0.3000 0.3000 0.3000
Capex 1 743 3,497 3,069 906 - 500 500 3,341
Capex / Sales 10.47% 40.43% 32.93% 12.07% - 6.87% 6.53% 37.94%
Announcement Date 2/25/20 2/24/21 2/23/22 2/27/23 2/28/24 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
2.62 THB
Average target price
4.1 THB
Spread / Average Target
+56.49%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
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  3. GUNKUL Stock
  4. Financials Gunkul Engineering
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