Company Valuation: Cal-Comp Electronics (Thailand)

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 21,736 1,05,545 47,234 95,618 - -
Change - 385.58% -55.25% 102.43% - -
Enterprise Value (EV) 1 21,736 1,18,219 60,552 1,07,927 1,06,982 1,04,379
Change - 443.88% -48.78% 78.24% -0.88% -2.43%
P/E 12.2x 40.4x 22.6x 32.1x 27.6x 23.7x
PBR - - 1.91x 3.66x 3.59x 3.39x
PEG - 0.9x -1.1x 0.8x 1.7x 1.4x
Capitalization / Revenue - 0.71x 0.39x 0.68x 0.61x 0.54x
EV / Revenue - 0.8x 0.5x 0.77x 0.69x 0.59x
EV / EBITDA - 20.1x 12.4x 17.8x 15.5x 13.7x
EV / EBIT - 35x 21.7x 28.5x 23.9x 20.8x
EV / FCF - 14.3x 126x 21.5x 25.1x 28.8x
FCF Yield - 6.98% 0.79% 4.66% 3.98% 3.48%
Dividend per Share 2 - 0.2 0.23 0.215 0.242 0.2467
Rate of return - 1.98% 5.09% 2.35% 2.64% 2.7%
EPS 2 0.17 0.25 0.2 0.285 0.332 0.3867
Distribution rate - 80% 115% 75.4% 72.9% 63.8%
Net sales 1 - 1,47,733 1,20,220 1,40,644 1,55,825 1,75,537
EBITDA 1 - 5,873 4,871 6,058 6,883 7,599
EBIT 1 - 3,373 2,788 3,792 4,469 5,024
Net income 1 1,116 2,603 2,044 2,962 3,615 4,249
Net Debt 1 - 12,674 13,318 12,310 11,365 8,762
Reference price 2 2.080 10.100 4.520 9.150 9.150 9.150
Nbr of stocks (in thousands) 1,04,50,003 1,04,50,003 1,04,50,003 1,04,50,003 - -
Announcement Date 27/02/24 27/02/25 26/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.4x0.75x17.47x2.4% 282Cr
22.44x1.89x14.93x0.46% 35TCr
26.79x10.87x19.26x0.32% 21TCr
21.61x2.03x10.4x0.93% 8.1TCr
19.97x0.52x9.32x1.6% 5.81TCr
32.63x5.74x19.55x1.29% 4.2TCr
36.48x22.31x27.63x1.22% 3.81TCr
12.81x0.57x6.89x3.74% 2.89TCr
17.75x0.34x10.05x0.68% 2.26TCr
12.34x0.64x9.62x5.45% 2.23TCr
Average 23.42x 4.57x 14.51x 1.81% 8.54TCr
Weighted average by Cap. 23.70x 4.99x 15.44x 0.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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