Financials Asset World Corp

Equities

AWC

TH9436010002

Hotels, Motels & Cruise Lines

End-of-day quote Thailand S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
3.48 THB -0.57% Intraday chart for Asset World Corp -3.33% -2.25%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,87,200 1,45,920 1,48,480 2,01,605 1,13,928 1,11,377 - -
Enterprise Value (EV) 1 2,00,838 1,90,848 1,95,897 2,63,182 1,75,445 1,84,976 1,94,344 2,02,434
P/E ratio 178 x -77.3 x 172 x 52.3 x 22.6 x 25.7 x 24.6 x 18.3 x
Yield 0.21% - 0.23% 0.51% - 0.94% 1.14% 1.47%
Capitalization / Revenue 16.2 x 23.8 x 34.5 x 21.2 x 8.14 x 6.55 x 5.37 x 4.3 x
EV / Revenue 17.4 x 31.1 x 45.5 x 27.6 x 12.5 x 10.9 x 9.38 x 7.82 x
EV / EBITDA 40.9 x 164 x 49.7 x 94.4 x 36.4 x 25.8 x 20.8 x 16.2 x
EV / FCF 67.4 x -129 x -65.2 x -46.3 x 111 x -28.4 x -34.9 x -16.1 x
FCF Yield 1.48% -0.77% -1.53% -2.16% 0.9% -3.52% -2.87% -6.19%
Price to Book 2.47 x 2.05 x 1.87 x 2.43 x 1.3 x 1.24 x 1.2 x 1.15 x
Nbr of stocks (in thousands) 3,20,00,000 3,20,00,000 3,20,00,000 3,20,00,771 3,20,02,343 3,20,04,961 - -
Reference price 2 5.850 4.560 4.640 6.300 3.560 3.480 3.480 3.480
Announcement Date 27/02/20 15/02/21 18/02/22 27/02/23 28/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 11,522 6,136 4,307 9,532 13,989 17,009 20,725 25,878
EBITDA 1 4,912 1,165 3,940 2,788 4,817 7,171 9,338 12,512
EBIT 1 3,061 -1,158 2,334 1,150 3,099 5,199 6,380 8,375
Operating Margin 26.57% -18.87% 54.2% 12.07% 22.15% 30.57% 30.78% 32.36%
Earnings before Tax (EBT) 1 1,323 -2,301 1,154 4,847 6,353 4,873 4,889 7,145
Net income 1 1,054 -1,881 861.5 3,854 5,038 4,305 4,483 6,009
Net margin 9.15% -30.66% 20% 40.43% 36.01% 25.31% 21.63% 23.22%
EPS 2 0.0329 -0.0590 0.0270 0.1204 0.1574 0.1356 0.1414 0.1898
Free Cash Flow 1 2,981 -1,474 -3,003 -5,688 1,578 -6,506 -5,573 -12,538
FCF margin 25.88% -24.02% -69.73% -59.67% 11.28% -38.25% -26.89% -48.45%
FCF Conversion (EBITDA) 60.7% - - - 32.76% - - -
FCF Conversion (Net income) 282.81% - - - 31.33% - - -
Dividend per Share 2 0.0125 - 0.0108 0.0320 - 0.0326 0.0397 0.0510
Announcement Date 27/02/20 15/02/21 18/02/22 27/02/23 28/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1,465 1,602 1,985 2,479 3,466 3,553 3,217 3,397 3,822 4,253 - - - - -
EBITDA 1,873 1,454 1,694 730.3 1,276 1,353 925.4 - 1,520 2,917 - - - - -
EBIT - -112.8 70.94 316.8 866.5 942.8 492.4 583.1 1,072 - - - - - -
Operating Margin - -7.04% 3.57% 12.78% 25% 26.54% 15.31% 17.17% 28.05% - - - - - -
Earnings before Tax (EBT) 1,195 804 965.8 1,281 1,796 1,786 1,389 1,408 1,677 2,036 - - - - -
Net income 1 967 645.1 776.5 1,026 1,406 1,422 1,122 1,136 1,358 1,605 632.6 661.3 718.8 - -
Net margin 66% 40.26% 39.11% 41.4% 40.57% 40.03% 34.87% 33.44% 35.53% 37.73% - - - - -
EPS 2 0.0303 0.0202 0.0243 0.0321 0.0434 0.0444 0.0795 0.0355 0.0424 0.0501 0.0198 0.0207 0.0225 - -
Dividend per Share 2 0.0108 - - - 0.0320 - - - - - - - 0.0359 - -
Announcement Date 18/02/22 11/05/22 10/08/22 09/11/22 27/02/23 15/05/23 10/08/23 08/11/23 28/02/24 14/05/24 - - - - -
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 13,638 44,928 47,417 61,577 61,517 73,598 82,966 91,057
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.776 x 38.56 x 12.04 x 22.09 x 12.77 x 10.26 x 8.884 x 7.278 x
Free Cash Flow 1 2,981 -1,474 -3,003 -5,688 1,578 -6,506 -5,573 -12,538
ROE (net income / shareholders' equity) 2.09% -2.32% 1.1% 4.76% 5.89% 3.16% 3.89% 5.83%
ROA (Net income/ Total Assets) 1.04% -1.44% 0.63% 2.61% 3.01% 2.6% 2.6% 2.75%
Assets 1 1,01,115 1,30,460 1,36,159 1,47,674 1,67,287 1,65,569 1,72,435 2,18,519
Book Value Per Share 2 2.360 2.220 2.480 2.590 2.730 2.820 2.900 3.020
Cash Flow per Share 2 0.1700 0.0200 0 0.0900 0.1700 0.1800 0.2100 0.2500
Capex 1 2,380 2,151 3,017 8,676 3,910 15,805 15,138 13,471
Capex / Sales 20.66% 35.06% 70.06% 91.03% 27.95% 92.92% 73.04% 52.06%
Announcement Date 27/02/20 15/02/21 18/02/22 27/02/23 28/02/24 - - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
3.48 THB
Average target price
4.821 THB
Spread / Average Target
+38.54%
Consensus
  1. Stock Market
  2. Equities
  3. AWC Stock
  4. Financials Asset World Corp