Financials Siam Global House

Equities

GLOBAL

TH0991010008

Home Improvement Products & Services Retailers

End-of-day quote Thailand S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
16.2 THB +1.25% Intraday chart for Siam Global House +1.25% -2.05%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 68,065 74,827 92,033 107,559 86,031 83,230 - -
Enterprise Value (EV) 1 82,762 89,078 106,657 119,477 86,031 93,504 94,010 93,638
P/E ratio 32.5 x 38.6 x 27.5 x 30.8 x 32.2 x 27.2 x 24.3 x 21.6 x
Yield 1.27% 1.09% 1.27% - - 1.57% 1.77% 2.02%
Capitalization / Revenue 2.42 x 2.79 x 2.75 x 3.05 x 2.66 x 2.4 x 2.2 x 2.06 x
EV / Revenue 2.95 x 3.32 x 3.18 x 3.39 x 2.66 x 2.69 x 2.49 x 2.31 x
EV / EBITDA 21.9 x 23.3 x 19.4 x 21.2 x 18.4 x 17.4 x 15.8 x 14.3 x
EV / FCF -62 x 33.8 x 79.2 x 35.2 x - 43.6 x 53.1 x 37.7 x
FCF Yield -1.61% 2.96% 1.26% 2.84% - 2.3% 1.88% 2.65%
Price to Book 4.28 x 4.41 x 4.7 x 4.94 x - 3.26 x 3.08 x 2.88 x
Nbr of stocks (in thousands) 5,201,907 5,201,903 5,201,889 5,201,881 5,201,875 5,201,875 - -
Reference price 2 13.08 14.38 17.69 20.68 16.54 16.00 16.00 16.00
Announcement Date 2/26/20 2/11/21 2/14/22 2/13/23 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 28,081 26,803 33,498 35,270 32,301 34,701 37,772 40,485
EBITDA 1 3,776 3,816 5,506 5,649 4,673 5,377 5,942 6,533
EBIT 1 2,846 2,653 4,242 4,403 3,450 3,889 4,407 5,029
Operating Margin 10.13% 9.9% 12.66% 12.48% 10.68% 11.21% 11.67% 12.42%
Earnings before Tax (EBT) 1 2,607 2,430 4,142 4,330 3,298 3,653 4,126 4,596
Net income 1 2,093 1,956 3,344 3,487 2,671 3,000 3,380 3,776
Net margin 7.45% 7.3% 9.98% 9.89% 8.27% 8.65% 8.95% 9.33%
EPS 2 0.4025 0.3723 0.6428 0.6703 0.5136 0.5890 0.6588 0.7416
Free Cash Flow 1 -1,335 2,637 1,347 3,395 - 2,147 1,772 2,482
FCF margin -4.75% 9.84% 4.02% 9.63% - 6.19% 4.69% 6.13%
FCF Conversion (EBITDA) - 69.1% 24.46% 60.1% - 39.93% 29.82% 37.99%
FCF Conversion (Net income) - 134.82% 40.29% 97.37% - 71.56% 52.42% 65.73%
Dividend per Share 2 0.1658 0.1566 0.2254 - - 0.2506 0.2824 0.3230
Announcement Date 2/26/20 2/11/21 2/14/22 2/13/23 2/12/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales - 17,896 8,246 9,667 9,220 18,853 8,170 7,699 8,990 8,503 17,437 7,340 7,523 8,767 -
EBITDA - 3,065 1,253 1,756 1,435 3,019 1,278 980.7 1,416 1,240 2,692 986.1 1,052 1,263 -
EBIT - 2,467 934.9 1,444 1,322 2,766 961.5 675.2 1,129 916.1 2,045 672.3 732.8 938.3 -
Operating Margin - 13.78% 11.34% 14.94% 14.34% 14.67% 11.77% 8.77% 12.56% 10.77% 11.73% 9.16% 9.74% 10.7% -
Earnings before Tax (EBT) - 2,403 923 1,439 1,284 2,723 957.8 649.6 1,060 872.2 - 644.5 685.9 902.5 -
Net income 1 1,032 1,938 746.4 1,157 1,028 2,185 774.5 527.3 882.6 703.4 1,586 525.1 560.3 725.3 705
Net margin - 10.83% 9.05% 11.96% 11.16% 11.59% 9.48% 6.85% 9.82% 8.27% 9.1% 7.15% 7.45% 8.27% -
EPS - 0.3750 0.1433 0.2308 0.1977 0.4201 0.1489 0.1014 0.1767 0.1352 0.3049 0.1010 0.1077 0.1450 -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/26/20 7/30/21 2/14/22 5/3/22 8/1/22 8/1/22 10/27/22 2/13/23 5/1/23 7/27/23 7/27/23 10/31/23 2/12/24 4/29/24 -
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 14,697 14,251 14,624 11,918 - 10,274 10,780 10,408
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.892 x 3.734 x 2.656 x 2.11 x - 1.911 x 1.814 x 1.593 x
Free Cash Flow 1 -1,335 2,637 1,347 3,395 - 2,147 1,772 2,482
ROE (net income / shareholders' equity) 13.7% 11.9% 18.3% 16.9% - 12.6% 13.1% 13.8%
ROA (Net income/ Total Assets) 6.25% 5.43% 8.88% 8.89% - 7.45% 7.87% 8.34%
Assets 1 33,501 36,003 37,649 39,211 - 40,272 42,961 45,266
Book Value Per Share 2 3.060 3.260 3.760 4.190 - 4.910 5.190 5.560
Cash Flow per Share 2 0.2900 0.8800 0.6200 0.9300 - 0.8400 0.9300 1.000
Capex 1 2,865 2,193 1,857 1,440 - 2,335 2,501 2,226
Capex / Sales 10.2% 8.18% 5.54% 4.08% - 6.73% 6.62% 5.5%
Announcement Date 2/26/20 2/11/21 2/14/22 2/13/23 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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
14
Last Close Price
16 THB
Average target price
16.99 THB
Spread / Average Target
+6.17%
Consensus
  1. Stock Market
  2. Equities
  3. GLOBAL Stock
  4. Financials Siam Global House