Financials Nex Point

Equities

NEX

TH0825010Y01

Heavy Machinery & Vehicles

End-of-day quote Thailand S.E. 06:00:00 2024-05-15 pm EDT 5-day change 1st Jan Change
5.3 THB +29.90% Intraday chart for Nex Point -39.08% -47.00%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,033 32,652 30,642 20,218 10,582 - -
Enterprise Value (EV) 1 7,033 32,652 30,232 19,556 10,582 10,582 10,582
P/E ratio -27.8 x -305 x 166 x 27 x 15.1 x 6.97 x 6.13 x
Yield - - - - 3.77% 6.6% 9.43%
Capitalization / Revenue - 49 x 4.67 x 2.17 x 0.87 x 0.63 x 0.6 x
EV / Revenue - 49 x 4.67 x 2.17 x 0.87 x 0.63 x 0.6 x
EV / EBITDA - -859 x 139 x 36 x 26.7 x 12.2 x 9.82 x
EV / FCF - 108 x -70.5 x 2,184 x 29.1 x 10.3 x 7.93 x
FCF Yield - 0.93% -1.42% 0.05% 3.44% 9.72% 12.6%
Price to Book - 11.4 x 11.3 x 4.89 x 2.04 x 1.66 x 1.47 x
Nbr of stocks (in thousands) 1,674,453 1,674,453 1,674,453 2,021,827 1,996,550 - -
Reference price 2 4.200 19.50 18.30 10.00 5.300 5.300 5.300
Announcement Date 2/24/21 2/25/22 2/24/23 2/23/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 666.5 6,564 9,299 12,211 16,694 17,750
EBITDA 1 - -38.02 220.5 562.1 397 867 1,078
EBIT 1 - -123.5 120.7 465.7 283 736.5 932
Operating Margin - -18.53% 1.84% 5.01% 2.32% 4.41% 5.25%
Earnings before Tax (EBT) 1 - -124.2 158.6 552.8 389 845 1,049
Net income 1 -213.6 -106.9 208.4 725.3 703 1,490 1,711
Net margin - -16.04% 3.17% 7.8% 5.76% 8.93% 9.64%
EPS 2 -0.1510 -0.0640 0.1100 0.3700 0.3500 0.7600 0.8650
Free Cash Flow 1 - 303.4 -434.9 9.259 364 1,028 1,334
FCF margin - 45.52% -6.63% 0.1% 2.98% 6.16% 7.52%
FCF Conversion (EBITDA) - - - 1.65% 91.69% 118.63% 123.81%
FCF Conversion (Net income) - - - 1.28% 51.78% 69% 77.97%
Dividend per Share 2 - - - - 0.2000 0.3500 0.5000
Announcement Date 2/24/21 2/25/22 2/24/23 2/23/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 160.3 - - - - - - 2,085 -
EBITDA -3.919 - - - - - - - -
EBIT -27.03 - - - - - - - -
Operating Margin -16.86% - - - - - - - -
Earnings before Tax (EBT) -48.56 - - - - - - 140.6 -
Net income 1 -16.49 -59.42 7.947 322.6 152.1 352.5 66.15 154.5 49.3
Net margin -10.29% - - - - - - 7.41% -
EPS -0.0100 -0.0400 - - - - - - -
Dividend per Share - - - - - - - - -
Announcement Date 2/25/22 8/15/22 11/11/22 2/24/23 5/12/23 8/11/23 11/10/23 2/23/24 5/10/24
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - 410 662 - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 303 -435 9.26 364 1,029 1,334
ROE (net income / shareholders' equity) - -3.67% 7.03% 19% 15.7% 26.3% 25.3%
ROA (Net income/ Total Assets) - -2.84% 3.5% 7.63% 5.9% 9.65% 9.4%
Assets 1 - 3,765 5,952 9,510 11,915 15,446 18,202
Book Value Per Share 2 - 1.710 1.630 2.050 2.600 3.200 3.600
Cash Flow per Share 2 - 0.1800 -0.2000 0.0800 0.4000 1.000 1.100
Capex 1 - 32.8 57.7 149 158 158 158
Capex / Sales - 4.92% 0.88% 1.6% 1.29% 0.94% 0.89%
Announcement Date 2/24/21 2/25/22 2/24/23 2/23/24 - - -
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
BUY
Number of Analysts
1
Last Close Price
5.3 THB
Average target price
15 THB
Spread / Average Target
+183.02%
Consensus

Annual profits - Rate of surprise

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