Financials Bangsaphan Barmill

Equities

BSBM

TH0824010001

Iron & Steel

End-of-day quote Thailand S.E. 03:30:00 13/05/2024 am IST 5-day change 1st Jan Change
0.73 THB -2.67% Intraday chart for Bangsaphan Barmill -5.19% +2.82%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,065 1,031 1,155 1,749 1,076 796
Enterprise Value (EV) 1 786.6 970.1 629.8 1,076 482.5 151.8
P/E ratio 32.2 x 21.2 x 13.8 x 24.3 x 960 x -16.9 x
Yield 3.19% 4.4% 7.77% 3.21% - -
Capitalization / Revenue 0.48 x 0.5 x 0.75 x 1.26 x 1 x 1.32 x
EV / Revenue 0.35 x 0.47 x 0.41 x 0.78 x 0.45 x 0.25 x
EV / EBITDA 10.6 x 9.9 x 4.63 x 9.25 x 20 x -3.47 x
EV / FCF -55.1 x -6.59 x 1.23 x 4.52 x -9.61 x 2.1 x
FCF Yield -1.82% -15.2% 81.1% 22.1% -10.4% 47.7%
Price to Book 0.56 x 0.55 x 0.6 x 0.93 x 0.58 x 0.44 x
Nbr of stocks (in thousands) 11,32,500 11,32,500 11,21,175 11,21,175 11,21,175 11,21,175
Reference price 2 0.9400 0.9100 1.030 1.560 0.9600 0.7100
Announcement Date 25/02/19 24/02/20 23/02/21 21/02/22 20/02/23 19/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,229 2,068 1,542 1,383 1,081 602.8
EBITDA 1 73.91 97.98 136.2 116.3 24.07 -43.73
EBIT 1 41.76 61.48 104.8 89.89 1.525 -62.94
Operating Margin 1.87% 2.97% 6.8% 6.5% 0.14% -10.44%
Earnings before Tax (EBT) 1 41.45 60.89 105.2 90.31 1.98 -60.01
Net income 1 33.11 48.55 84.02 72.12 1.261 -48.16
Net margin 1.49% 2.35% 5.45% 5.21% 0.12% -7.99%
EPS 2 0.0292 0.0429 0.0748 0.0643 0.001000 -0.0420
Free Cash Flow 1 -14.28 -147.3 511 238.1 -50.21 72.44
FCF margin -0.64% -7.12% 33.15% 17.21% -4.64% 12.02%
FCF Conversion (EBITDA) - - 375.25% 204.71% - -
FCF Conversion (Net income) - - 608.17% 330.19% - -
Dividend per Share 2 0.0300 0.0400 0.0800 0.0500 - -
Announcement Date 25/02/19 24/02/20 23/02/21 21/02/22 20/02/23 19/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 278 60.5 525 673 594 644
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -14.3 -147 511 238 -50.2 72.4
ROE (net income / shareholders' equity) 1.72% 2.55% 4.42% 3.79% 0.07% -2.61%
ROA (Net income/ Total Assets) 1.31% 1.96% 3.35% 2.86% 0.05% -2.05%
Assets 1 2,520 2,472 2,510 2,521 2,558 2,350
Book Value Per Share 2 1.690 1.670 1.710 1.680 1.660 1.620
Cash Flow per Share 2 0.2500 0.0500 0.4700 0.6000 0.5300 0.5800
Capex 1 6.04 1.68 0.13 0.06 3.24 0.52
Capex / Sales 0.27% 0.08% 0.01% 0% 0.3% 0.09%
Announcement Date 25/02/19 24/02/20 23/02/21 21/02/22 20/02/23 19/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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