Financials Asefa

Equities

ASEFA

TH6650010007

Electrical Components & Equipment

End-of-day quote Thailand S.E. 03:30:00 04/07/2024 am IST 5-day change 1st Jan Change
3.54 THB +1.14% Intraday chart for Asefa -0.56% -6.84%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,629 1,848 1,878 2,248 1,899 2,014
Enterprise Value (EV) 1 2,792 1,759 1,833 2,332 2,173 2,622
P/E ratio 9.22 x 12.9 x 8.64 x 16.3 x 18.4 x 12.1 x
Yield 6.9% 5.95% 8.14% 5.34% 5.17% 5%
Capitalization / Revenue 0.87 x 0.72 x 0.7 x 0.86 x 0.61 x 0.59 x
EV / Revenue 0.92 x 0.69 x 0.68 x 0.9 x 0.7 x 0.76 x
EV / EBITDA 7.21 x 8.42 x 6.56 x 11.1 x 12.9 x 10.3 x
EV / FCF -17.2 x 4.33 x 75.3 x 18.5 x -13.6 x -16.1 x
FCF Yield -5.8% 23.1% 1.33% 5.39% -7.37% -6.23%
Price to Book 1.63 x 1.17 x 1.13 x 1.37 x 1.18 x 1.25 x
Nbr of stocks (in thousands) 5,50,000 5,50,000 5,46,066 5,45,648 5,45,648 5,29,948
Reference price 2 4.780 3.360 3.440 4.120 3.480 3.800
Announcement Date 22/02/19 20/02/20 18/02/21 17/02/22 16/02/23 15/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,021 2,551 2,689 2,599 3,091 3,433
EBITDA 1 387.3 209 279.5 209.7 168.9 253.6
EBIT 1 336.7 161 233 169.6 133.3 216.7
Operating Margin 11.15% 6.31% 8.67% 6.53% 4.31% 6.31%
Earnings before Tax (EBT) 1 349.1 170.5 256.3 168.8 129.4 207.1
Net income 1 285.1 143.6 218.5 138.3 103.3 168.4
Net margin 9.44% 5.63% 8.13% 5.32% 3.34% 4.9%
EPS 2 0.5183 0.2611 0.3981 0.2535 0.1894 0.3136
Free Cash Flow 1 -161.9 406.7 24.34 125.8 -160.2 -163.2
FCF margin -5.36% 15.94% 0.91% 4.84% -5.18% -4.75%
FCF Conversion (EBITDA) - 194.62% 8.71% 59.99% - -
FCF Conversion (Net income) - 283.18% 11.14% 90.93% - -
Dividend per Share 2 0.3300 0.2000 0.2800 0.2200 0.1800 0.1900
Announcement Date 22/02/19 20/02/20 18/02/21 17/02/22 16/02/23 15/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 163 - - 84.2 274 608
Net Cash position 1 - 88.6 45.4 - - -
Leverage (Debt/EBITDA) 0.4212 x - - 0.4016 x 1.625 x 2.398 x
Free Cash Flow 1 -162 407 24.3 126 -160 -163
ROE (net income / shareholders' equity) 18.1% 8.79% 13.6% 8.41% 6.57% 10.6%
ROA (Net income/ Total Assets) 8.61% 4.29% 6.31% 4.29% 3.09% 4.33%
Assets 1 3,312 3,347 3,463 3,228 3,344 3,888
Book Value Per Share 2 2.930 2.860 3.050 3.000 2.950 3.040
Cash Flow per Share 2 0.1600 0.1900 0.2900 0.1400 0.2900 0.4700
Capex 1 35.5 50.3 14.3 18.3 36.2 181
Capex / Sales 1.18% 1.97% 0.53% 0.7% 1.17% 5.27%
Announcement Date 22/02/19 20/02/20 18/02/21 17/02/22 16/02/23 15/02/24
1THB in Million2THB
Estimates