Financials Thiensurat

Equities

SBNEXT

TH5536010009

Industrial Machinery & Equipment

End-of-day quote Thailand S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
0.6 THB +3.45% Intraday chart for Thiensurat +1.69% -52.38%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 994.9 1,099 1,871 1,604 2,120 761.2
Enterprise Value (EV) 1 1,023 1,056 1,979 1,815 2,278 2,490
P/E ratio 8.83 x 10 x 13.1 x 51.6 x 29.5 x -8.8 x
Yield 8.84% 7% 4.82% 1.37% 0.29% -
Capitalization / Revenue 0.62 x 0.66 x 0.96 x 0.95 x 1.53 x 0.45 x
EV / Revenue 0.63 x 0.63 x 1.02 x 1.07 x 1.64 x 1.47 x
EV / EBITDA 5.64 x 5.63 x 9.09 x 22.1 x 18.7 x 118 x
EV / FCF 7.29 x 8.37 x 30.3 x 44.5 x 28.5 x -7.83 x
FCF Yield 13.7% 11.9% 3.3% 2.25% 3.5% -12.8%
Price to Book 0.83 x 0.89 x 1.47 x 1.29 x 1.6 x 0.66 x
Nbr of stocks (in thousands) 604,650 604,650 601,680 604,352 604,054 604,089
Reference price 2 1.645 1.818 3.109 2.655 3.509 1.260
Announcement Date 2/28/19 2/26/20 2/25/21 2/24/22 3/7/23 3/1/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,613 1,677 1,943 1,693 1,387 1,690
EBITDA 1 181.4 187.4 217.8 82.06 121.5 21.1
EBIT 1 131.6 137.9 180.9 52.23 99.34 -40.78
Operating Margin 8.16% 8.23% 9.31% 3.08% 7.16% -2.41%
Earnings before Tax (EBT) 1 127.3 136.5 176.4 45.68 91.64 -106.3
Net income 1 106.8 109.6 143.1 31.01 71.99 -86.48
Net margin 6.62% 6.54% 7.37% 1.83% 5.19% -5.12%
EPS 2 0.1864 0.1813 0.2373 0.0514 0.1191 -0.1431
Free Cash Flow 1 140.4 126 65.35 40.81 79.83 -317.9
FCF margin 8.7% 7.52% 3.36% 2.41% 5.76% -18.81%
FCF Conversion (EBITDA) 77.37% 67.27% 30.01% 49.73% 65.68% -
FCF Conversion (Net income) 131.44% 114.97% 45.66% 131.59% 110.89% -
Dividend per Share 2 0.1455 0.1273 0.1500 0.0364 0.0101 -
Announcement Date 2/28/19 2/26/20 2/25/21 2/24/22 3/7/23 3/1/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 28.1 - 108 211 158 1,729
Net Cash position 1 - 43.8 - - - -
Leverage (Debt/EBITDA) 0.1549 x - 0.4965 x 2.572 x 1.301 x 81.94 x
Free Cash Flow 1 140 126 65.3 40.8 79.8 -318
ROE (net income / shareholders' equity) 9.03% 8.98% 11.5% 2.76% 5.69% -6.72%
ROA (Net income/ Total Assets) 5.67% 6.02% 7.2% 1.92% 3.61% -1.02%
Assets 1 1,884 1,820 1,987 1,617 1,994 8,466
Book Value Per Share 2 1.980 2.040 2.110 2.060 2.190 1.920
Cash Flow per Share 2 0.0800 0.1000 0.1000 0.0900 0.1500 0.0900
Capex 1 8.15 25.3 16.5 102 10.4 15.2
Capex / Sales 0.51% 1.51% 0.85% 6.04% 0.75% 0.9%
Announcement Date 2/28/19 2/26/20 2/25/21 2/24/22 3/7/23 3/1/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

-40% Limited Time Offer: Our subscriptions help you unlock hidden opportunities.
SIGN UP NOW