Financials Amanah Leasing

Equities

AMANAH

TH0665A10Y00

Consumer Lending

End-of-day quote Thailand S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
1.32 THB -2.94% Intraday chart for Amanah Leasing +8.20% -28.16%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,308 3,252 4,066 5,647 3,916 2,176
Enterprise Value (EV) 1 3,133 5,178 6,021 7,370 6,147 4,793
P/E ratio 8 x 13.2 x 14.1 x 18.3 x 12.6 x 11.5 x
Yield 0.55% 3.52% 3.3% 2.94% 5.29% 0.76%
Capitalization / Revenue 2.08 x 4.46 x 5.23 x 7.14 x 4.38 x 2.25 x
EV / Revenue 4.98 x 7.11 x 7.74 x 9.32 x 6.87 x 4.97 x
EV / EBITDA 11.1 x 13.8 x 14.8 x 17.3 x 19 x 36.5 x
EV / FCF 28.1 x 62.5 x -111 x 39.8 x 157 x 37.3 x
FCF Yield 3.56% 1.6% -0.9% 2.51% 0.64% 2.68%
Price to Book 1.16 x 2.37 x 2.63 x 3.28 x 2.1 x 1.18 x
Nbr of stocks (in thousands) 11,72,177 11,76,145 11,79,423 11,84,126 11,84,126 11,84,126
Reference price 2 1.116 2.765 3.448 4.769 3.308 1.838
Announcement Date 20/02/19 25/02/20 24/02/21 15/02/22 22/02/23 19/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net sales - 777.5 791.2 895.2 965.1 -
EBITDA - - - - - -
EBIT - 414.8 436.2 477.6 432.6 -
Operating Margin - 53.35% 55.14% 53.35% 44.82% -
Earnings before Tax (EBT) - 316 353 369.4 225.1 -
Net income 1 247.5 290.7 307.2 309.8 189 156
Net margin - 37.39% 38.82% 34.6% 19.58% -
EPS 0.2100 0.2450 0.2625 0.2625 0.1575 -
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - 0.1138 0.1400 0.1750 - -
Announcement Date 25/02/20 24/02/21 15/02/22 22/02/23 19/02/24 -
1THB in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3 2023 Q3
Net sales 1 - 207.8 207.8
EBITDA - - -
EBIT 1 - 118.4 108.2
Operating Margin - 57% 52.06%
Earnings before Tax (EBT) - - -
Net income 1 80.8 61.43 53.48
Net margin - 29.57% 25.73%
EPS 2 0.0682 0.0516 0.0455
Dividend per Share - - -
Announcement Date 10/08/22 09/11/22 08/11/23
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) - 19.9% 18.8% 17.3% 10.2% -
ROA (Net income/ Total Assets) - 7.96% 8.14% 7.71% 4.23% -
Assets 1 - 3,652 3,773 4,016 4,467 -
Book Value Per Share - 1.310 1.450 1.580 1.560 -
Cash Flow per Share - - - - - -
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 25/02/20 24/02/21 15/02/22 22/02/23 19/02/24 -
1THB in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
1.32 THB
Average target price
2.13 THB
Spread / Average Target
+61.36%
Consensus
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