Financials Precious Shipping

Equities

PSL

TH0363010Z02

Marine Freight & Logistics

End-of-day quote Thailand S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
7.85 THB +1.95% Intraday chart for Precious Shipping -0.63% -9.25%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,851 11,851 25,884 25,105 13,488 12,240 - -
Enterprise Value (EV) 1 11,851 11,851 31,648 30,773 13,488 12,240 12,240 12,240
P/E ratio -50.7 x -9.16 x 5.78 x 5.18 x 18.8 x 10.9 x 7.48 x 8.01 x
Yield - - 10.5% 10.9% - 4.59% 6.69% 6.24%
Capitalization / Revenue 2.83 x 3.16 x 3 x 2.75 x 2.64 x 2.15 x 2 x 1.92 x
EV / Revenue 2.83 x 3.16 x 3 x 2.75 x 2.64 x 2.15 x 2 x 1.92 x
EV / EBITDA 7.37 x 8.6 x 4.36 x 3.84 x 5.18 x 4.06 x 3.66 x 3.61 x
EV / FCF 8.1 x 7.45 x 4.59 x 6.04 x - 7.61 x 6.06 x 10 x
FCF Yield 12.3% 13.4% 21.8% 16.6% - 13.1% 16.5% 9.99%
Price to Book 1.03 x 1.17 x 1.8 x 1.53 x - 0.75 x 0.72 x 0.73 x
Nbr of stocks (in thousands) 1,559,292 1,559,292 1,559,292 1,559,292 1,559,292 1,559,292 - -
Reference price 2 7.600 7.600 16.60 16.10 8.650 7.850 7.850 7.850
Announcement Date 2/11/20 2/19/21 2/14/22 2/10/23 2/12/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,183 3,751 8,615 9,129 5,100 5,687 6,126 6,376
EBITDA 1 1,609 1,379 5,940 6,532 2,603 3,018 3,344 3,390
EBIT 1 425.6 164.6 4,726 5,208 1,173 1,570 1,946 1,975
Operating Margin 10.17% 4.39% 54.86% 57.05% 22.99% 27.61% 31.76% 30.98%
Earnings before Tax (EBT) 1 -225.8 -1,290 4,477 4,866 713.2 1,155 1,654 1,568
Net income 1 -228.5 -1,295 4,475 4,851 709.6 1,121 1,634 1,521
Net margin -5.46% -34.52% 51.94% 53.14% 13.92% 19.71% 26.67% 23.86%
EPS 2 -0.1500 -0.8300 2.870 3.110 0.4600 0.7200 1.050 0.9800
Free Cash Flow 1 1,463 1,591 5,639 4,158 - 1,609 2,021 1,223
FCF margin 34.97% 42.42% 65.46% 45.55% - 28.3% 32.99% 19.18%
FCF Conversion (EBITDA) 90.92% 115.4% 94.94% 63.65% - 53.32% 60.44% 36.08%
FCF Conversion (Net income) - - 126.02% 85.72% - 143.55% 123.71% 80.42%
Dividend per Share 2 - - 1.750 1.750 - 0.3600 0.5250 0.4900
Announcement Date 2/11/20 2/19/21 2/14/22 2/10/23 2/12/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4
Net sales 1 - 2,812 - 2,639 - - - - 1,321 - 1,151 3,640
EBITDA 1 - 2,141 - - - - - 478.1 710.7 - 590 745.5
EBIT 1 - 1,830 - - - - - - 353.6 - 222.5 376.3
Operating Margin - 65.08% - - - - - - 26.76% - 19.32% 10.34%
Earnings before Tax (EBT) 1 - 1,774 - - - - - 78.94 285.3 - 99.04 249.8
Net income 1 1,201 1,772 1,294 1,660 2,954 1,348 549.2 78.69 285.9 364.6 98.44 246.6
Net margin - 63.02% - 62.89% - - - - 21.64% - 8.55% 6.78%
EPS 2 0.7700 1.140 0.8300 1.060 1.890 0.8600 0.3600 - 0.1800 0.2300 0.0600 0.1600
Dividend per Share - - - - - - - - - - - -
Announcement Date 8/6/21 2/14/22 5/6/22 8/5/22 8/5/22 11/4/22 2/10/23 5/7/23 8/4/23 8/4/23 11/3/23 2/12/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - 5,764 5,668 - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - 0.9704 x 0.8678 x - - - -
Free Cash Flow 1 1,463 1,591 5,639 4,158 - 1,609 2,021 1,223
ROE (net income / shareholders' equity) -1.88% -11.9% 36.5% 31.5% - 6.9% 9.7% 9.2%
ROA (Net income/ Total Assets) -0.86% -5.57% 19.9% 20.3% - 6.1% 8.05% 7.9%
Assets 1 26,449 23,229 22,487 23,917 - 18,377 20,298 19,253
Book Value Per Share 2 7.410 6.500 9.210 10.60 - 10.50 11.00 10.70
Cash Flow per Share 2 1.210 - 3.800 4.240 - 1.340 1.800 1.560
Capex 1 427 273 256 2,446 - 1,298 900 1,600
Capex / Sales 10.22% 7.28% 2.97% 26.8% - 22.82% 14.69% 25.09%
Announcement Date 2/11/20 2/19/21 2/14/22 2/10/23 2/12/24 - - -
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
3
Last Close Price
7.85 THB
Average target price
11.4 THB
Spread / Average Target
+45.22%
Consensus
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