Financials SC Asset Corporation

Equities

SC

TH0747A10Z01

Real Estate Development & Operations

End-of-day quote Thailand S.E. 06:00:00 2024-05-20 pm EDT 5-day change 1st Jan Change
3.24 THB +0.62% Intraday chart for SC Asset Corporation -1.22% -1.22%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,446 11,619 14,078 17,819 14,015 13,858 - -
Enterprise Value (EV) 1 30,751 28,392 32,200 44,192 14,015 46,063 46,991 49,203
P/E ratio 4.66 x 6.13 x 6.84 x 6.97 x 5.66 x 6.14 x 5.35 x 4.82 x
Yield 8.41% 6.47% 5.95% 5.92% - 6.33% 7.41% 8.26%
Capitalization / Revenue 0.54 x 0.61 x 0.72 x 0.83 x 0.57 x 0.61 x 0.57 x 0.52 x
EV / Revenue 1.74 x 1.5 x 1.65 x 2.05 x 0.57 x 2.02 x 1.94 x 1.85 x
EV / EBITDA 11.7 x 10.7 x 11.4 x 13.1 x 3.92 x 14.3 x 13 x 11.9 x
EV / FCF -15.3 x 4.97 x 415 x -7.88 x - 31.8 x 46.1 x 20.9 x
FCF Yield -6.54% 20.1% 0.24% -12.7% - 3.14% 2.17% 4.78%
Price to Book 0.54 x 0.62 x 0.7 x 0.82 x - 0.56 x 0.53 x 0.5 x
Nbr of stocks (in thousands) 4,179,625 4,179,625 4,189,904 4,222,616 4,272,851 4,277,213 - -
Reference price 2 2.260 2.780 3.360 4.220 3.280 3.240 3.240 3.240
Announcement Date 2/19/20 2/17/21 2/17/22 2/16/23 2/27/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,637 18,977 19,475 21,583 24,487 22,824 24,252 26,624
EBITDA 1 2,627 2,647 2,823 3,373 3,577 3,226 3,627 4,121
EBIT 1 2,539 2,536 2,656 3,259 3,430 2,957 3,448 3,945
Operating Margin 14.39% 13.36% 13.64% 15.1% 14.01% 12.96% 14.22% 14.82%
Earnings before Tax (EBT) 1 2,528 2,391 2,603 3,241 3,181 2,703 3,162 3,516
Net income 1 2,026 1,898 2,062 2,556 2,482 2,218 2,573 2,863
Net margin 11.49% 10% 10.59% 11.84% 10.14% 9.72% 10.61% 10.75%
EPS 2 0.4848 0.4538 0.4913 0.6054 0.5799 0.5275 0.6057 0.6725
Free Cash Flow 1 -2,012 5,708 77.52 -5,607 - 1,448 1,020 2,353
FCF margin -11.41% 30.08% 0.4% -25.98% - 6.34% 4.2% 8.84%
FCF Conversion (EBITDA) - 215.6% 2.75% - - 44.88% 28.12% 57.09%
FCF Conversion (Net income) - 300.74% 3.76% - - 65.28% 39.63% 82.19%
Dividend per Share 2 0.1900 0.1800 0.2000 0.2500 - 0.2050 0.2400 0.2675
Announcement Date 2/19/20 2/17/21 2/17/22 2/16/23 2/27/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales 1 - - - - 3,827 5,204 - - 4,922 5,213 5,533 8,818 4,010 -
EBITDA 1 - - - - - - - - 773.7 - 756.3 1,309 356.2 -
EBIT 1 - - - - 520.7 752.7 - - 736.6 694.3 711.2 1,288 315.2 -
Operating Margin - - - - 13.6% 14.46% - - 14.96% 13.32% 12.85% 14.61% 7.86% -
Earnings before Tax (EBT) 1 - - - - 494.4 732.8 - - 677.5 - 650.6 1,118 258.8 -
Net income 1 756.8 - 544.6 580.7 387.7 581.1 652.2 935 534.6 593 503.4 851.3 182.6 374
Net margin - - - - 10.13% 11.17% - - 10.86% 11.38% 9.1% 9.65% 4.55% -
EPS 0.1811 - - - 0.0917 0.1372 - - 0.1252 - 0.1173 0.1989 - -
Dividend per Share - 0.1800 - - - - - - - - - - - -
Announcement Date 8/10/20 2/17/21 11/10/21 2/17/22 5/11/22 8/10/22 11/9/22 2/16/23 5/10/23 8/9/23 11/10/23 2/27/24 5/14/24 -
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 21,305 16,773 18,122 26,372 - 32,205 33,133 35,345
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 8.109 x 6.336 x 6.419 x 7.817 x - 9.982 x 9.136 x 8.576 x
Free Cash Flow 1 -2,012 5,708 77.5 -5,607 - 1,448 1,020 2,353
ROE (net income / shareholders' equity) 11.5% 10.5% 10.6% 12.2% - 9.29% 10.1% 10.5%
ROA (Net income/ Total Assets) 4.42% 4.24% 4.38% 4.77% - 3.35% 4.01% 4.23%
Assets 1 45,878 44,797 47,037 53,577 - 66,209 64,221 67,677
Book Value Per Share 2 4.200 4.470 4.790 5.150 - 5.740 6.070 6.490
Cash Flow per Share 2 - - - - - 0.5600 0.6000 0.6400
Capex 1 251 128 138 176 - 311 523 487
Capex / Sales 1.42% 0.67% 0.71% 0.81% - 1.36% 2.15% 1.83%
Announcement Date 2/19/20 2/17/21 2/17/22 2/16/23 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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
3.24 THB
Average target price
3.921 THB
Spread / Average Target
+21.03%
Consensus
  1. Stock Market
  2. Equities
  3. SC Stock
  4. Financials SC Asset Corporation