Financials Chaoprayamahanakorn

Equities

CMC

TH8825010003

Real Estate Development & Operations

End-of-day quote Thailand S.E. 03:30:00 29/04/2024 am IST 5-day change 1st Jan Change
1.15 THB 0.00% Intraday chart for Chaoprayamahanakorn -4.17% -4.17%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,530 820 810 1,553 1,450 1,323
Enterprise Value (EV) 1 3,693 2,923 3,319 3,878 4,269 5,654
P/E ratio 5.59 x 34 x 13.6 x 35.1 x -18.3 x -6.88 x
Yield 7.19% 3.05% 0.39% 2.65% 0.3% 0.3%
Capitalization / Revenue 0.79 x 0.59 x 0.7 x 1.31 x 1.16 x 1.05 x
EV / Revenue 1.9 x 2.11 x 2.85 x 3.27 x 3.42 x 4.48 x
EV / EBITDA 8.98 x 35.7 x 37.6 x 28.5 x 50.4 x 837 x
EV / FCF 3.9 x 39.6 x 28.4 x 4.46 x -15.1 x -4.55 x
FCF Yield 25.6% 2.53% 3.52% 22.4% -6.62% -22%
Price to Book 0.58 x 0.31 x 0.31 x 0.58 x 0.57 x 0.56 x
Nbr of stocks (in thousands) 11,02,222 11,02,222 11,02,222 11,02,221 11,02,221 11,02,217
Reference price 2 1.388 0.7440 0.7349 1.409 1.316 1.200
Announcement Date 27/02/19 26/02/20 28/02/21 22/02/22 24/02/23 23/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,946 1,383 1,165 1,186 1,250 1,262
EBITDA 1 411.3 81.82 88.37 136.2 84.65 6.756
EBIT 1 394.8 57.81 64.92 103.3 41.9 -80.43
Operating Margin 20.29% 4.18% 5.57% 8.71% 3.35% -6.37%
Earnings before Tax (EBT) 1 305.5 48.49 86.91 44.17 -100.8 -224.9
Net income 1 213.8 24.14 59.57 44.21 -79.17 -192.3
Net margin 10.99% 1.75% 5.11% 3.73% -6.33% -15.23%
EPS 2 0.2482 0.0219 0.0540 0.0401 -0.0718 -0.1745
Free Cash Flow 1 946.7 73.81 116.8 868.7 -282.6 -1,243
FCF margin 48.65% 5.34% 10.03% 73.26% -22.61% -98.47%
FCF Conversion (EBITDA) 230.19% 90.21% 132.21% 637.92% - -
FCF Conversion (Net income) 442.73% 305.7% 196.14% 1,964.86% - -
Dividend per Share 2 0.0998 0.0227 0.002900 0.0373 0.003900 0.003600
Announcement Date 27/02/19 26/02/20 28/02/21 22/02/22 24/02/23 23/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,163 2,103 2,509 2,325 2,819 4,331
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.259 x 25.7 x 28.39 x 17.07 x 33.31 x 641.1 x
Free Cash Flow 1 947 73.8 117 869 -283 -1,243
ROE (net income / shareholders' equity) 9.75% 0.92% 2.27% 1.66% -3.04% -7.85%
ROA (Net income/ Total Assets) 4.4% 0.69% 0.76% 1.16% 0.45% -0.73%
Assets 1 4,864 3,497 7,885 3,810 -17,688 26,238
Book Value Per Share 2 2.380 2.370 2.400 2.430 2.330 2.150
Cash Flow per Share 2 0.1100 0.0600 0.0300 0.2700 0.3600 0.2400
Capex 1 92.5 35.5 31 16.2 96.2 90
Capex / Sales 4.75% 2.56% 2.67% 1.36% 7.7% 7.13%
Announcement Date 27/02/19 26/02/20 28/02/21 22/02/22 24/02/23 23/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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