Financials Applied DB

Equities

ADB

TH8295010004

Commodity Chemicals

End-of-day quote Thailand S.E. 03:30:00 17/05/2024 am IST 5-day change 1st Jan Change
0.76 THB -3.80% Intraday chart for Applied DB -5.00% -27.62%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 474 390 594 1,426 900.2 762.3
Enterprise Value (EV) 1 842.1 718.5 857.1 1,767 1,448 1,213
P/E ratio 36.4 x 136 x 8.53 x 18.8 x -130 x -16.3 x
Yield 1.27% 1.55% 6.12% 2.83% - -
Capitalization / Revenue 0.33 x 0.29 x 0.43 x 0.84 x 0.42 x 0.47 x
EV / Revenue 0.59 x 0.53 x 0.62 x 1.05 x 0.67 x 0.74 x
EV / EBITDA 14 x 12.7 x 6.2 x 12.5 x 23.5 x 53.7 x
EV / FCF -7.87 x 37.7 x 15.9 x -29.6 x -8.64 x 7.35 x
FCF Yield -12.7% 2.65% 6.27% -3.38% -11.6% 13.6%
Price to Book 0.81 x 0.67 x 0.92 x 2.09 x 1.4 x 1.27 x
Nbr of stocks (in thousands) 7,26,000 7,26,000 7,26,000 7,26,000 7,26,000 7,26,000
Reference price 2 0.6529 0.5372 0.8182 1.964 1.240 1.050
Announcement Date 26/02/19 26/02/20 22/02/21 22/02/22 21/02/23 22/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,430 1,368 1,377 1,690 2,167 1,637
EBITDA 1 60.17 56.67 138.1 141.4 61.54 22.58
EBIT 1 23.41 11.96 92.65 92.51 10.73 -29.12
Operating Margin 1.64% 0.87% 6.73% 5.47% 0.5% -1.78%
Earnings before Tax (EBT) 1 16.97 3.522 85.75 95.35 -5.964 -44.97
Net income 1 13.03 3.263 69.66 75.68 -6.934 -46.71
Net margin 0.91% 0.24% 5.06% 4.48% -0.32% -2.85%
EPS 2 0.0179 0.003950 0.0960 0.1042 -0.009551 -0.0643
Free Cash Flow 1 -107 19.04 53.74 -59.76 -167.6 165
FCF margin -7.48% 1.39% 3.9% -3.54% -7.74% 10.08%
FCF Conversion (EBITDA) - 33.61% 38.9% - - 730.73%
FCF Conversion (Net income) - 583.62% 77.14% - - -
Dividend per Share 2 0.008300 0.008300 0.0501 0.0556 - -
Announcement Date 26/02/19 26/02/20 22/02/21 22/02/22 21/02/23 22/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 368 329 263 342 548 451
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.117 x 5.797 x 1.905 x 2.418 x 8.896 x 19.96 x
Free Cash Flow 1 -107 19 53.7 -59.8 -168 165
ROE (net income / shareholders' equity) 2.23% 0.56% 11.4% 11.4% -1.04% -7.51%
ROA (Net income/ Total Assets) 1.19% 0.6% 4.64% 4.29% 0.44% -1.2%
Assets 1 1,095 547.2 1,502 1,766 -1,593 3,897
Book Value Per Share 2 0.8100 0.8000 0.8900 0.9400 0.8900 0.8300
Cash Flow per Share 2 0.0500 0.0700 0.0400 0.0900 0.1400 0.0600
Capex 1 130 63.4 33.4 34 39.5 17.4
Capex / Sales 9.08% 4.63% 2.43% 2.01% 1.82% 1.07%
Announcement Date 26/02/19 26/02/20 22/02/21 22/02/22 21/02/23 22/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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