Financials The Navakij Insurance

Equities

NKI

TH0199010008

Property & Casualty Insurance

End-of-day quote Thailand S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
26 THB -.--% Intraday chart for The Navakij Insurance +1.96% -2.90%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,040 1,890 1,715 1,601 1,170 1,017
Enterprise Value (EV) 1 1,939 1,766 1,506 1,341 913.3 866.6
P/E ratio 23.6 x 63.8 x 24 x 14.6 x 47.1 x 8.48 x
Yield 2.5% 2.38% 3.06% 3.28% 3.08% 5.45%
Capitalization / Revenue 0.85 x 0.73 x 0.65 x 0.56 x 0.4 x 0.31 x
EV / Revenue 0.81 x 0.69 x 0.57 x 0.47 x 0.31 x 0.27 x
EV / EBITDA 14.5 x 33 x 13.5 x 8.8 x 13.7 x 4.85 x
EV / FCF -346 x -4.35 x 2.88 x 19.8 x 7.86 x 2.36 x
FCF Yield -0.29% -23% 34.7% 5.05% 12.7% 42.4%
Price to Book 0.97 x 0.91 x 0.82 x 0.71 x 0.54 x 0.46 x
Nbr of stocks (in thousands) 38,000 38,000 38,000 38,000 38,000 38,000
Reference price 2 53.68 49.74 45.13 42.14 30.79 26.78
Announcement Date 2/21/19 2/25/20 2/23/21 2/22/22 2/20/23 2/19/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,391 2,572 2,648 2,849 2,936 3,254
EBITDA 1 133.3 53.59 111.5 152.3 66.52 178.7
EBIT 1 104.7 29.6 95.75 138.4 54.01 162.8
Operating Margin 4.38% 1.15% 3.62% 4.86% 1.84% 5%
Earnings before Tax (EBT) 1 104.7 29.6 86.6 132.6 46.17 142.3
Net income 1 86.51 29.65 71.33 109.3 24.84 120
Net margin 3.62% 1.15% 2.69% 3.84% 0.85% 3.69%
EPS 2 2.277 0.7801 1.877 2.878 0.6537 3.159
Free Cash Flow 1 -5.61 -406.4 522.2 67.69 116.2 367.8
FCF margin -0.23% -15.8% 19.72% 2.38% 3.96% 11.3%
FCF Conversion (EBITDA) - - 468.18% 44.44% 174.7% 205.78%
FCF Conversion (Net income) - - 732.11% 61.9% 467.81% 306.4%
Dividend per Share 2 1.342 1.184 1.382 1.382 0.9474 1.460
Announcement Date 2/21/19 2/25/20 2/23/21 2/22/22 2/20/23 2/19/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 101 124 209 260 257 151
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -5.61 -406 522 67.7 116 368
ROE (net income / shareholders' equity) 4.04% 1.42% 3.43% 5.04% 1.12% 5.47%
ROA (Net income/ Total Assets) 1.26% 0.34% 1.02% 1.4% 0.54% 1.63%
Assets 1 6,872 8,760 7,022 7,810 4,622 7,345
Book Value Per Share 2 55.50 54.40 55.10 59.20 57.50 58.00
Cash Flow per Share 2 3.140 3.670 6.940 7.940 7.720 4.950
Capex 1 1.88 3.02 4.58 6.6 150 32.9
Capex / Sales 0.08% 0.12% 0.17% 0.23% 5.11% 1.01%
Announcement Date 2/21/19 2/25/20 2/23/21 2/22/22 2/20/23 2/19/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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