Financials Christiani & Nielsen (Thai)

Equities

CNT

TH0216010Z02

Construction & Engineering

End-of-day quote Thailand S.E. 03:30:00 10/05/2024 am IST 5-day change 1st Jan Change
1.39 THB -2.11% Intraday chart for Christiani & Nielsen (Thai) -2.80% +36.27%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,974 1,521 1,264 2,015 1,398 1,048
Enterprise Value (EV) 1 2,256 2,075 1,256 1,918 1,635 2,309
P/E ratio -4.66 x 20.8 x 16.8 x -15.6 x -6.55 x 36.1 x
Yield - 2.7% 4.07% - - -
Capitalization / Revenue 0.28 x 0.21 x 0.17 x 0.33 x 0.26 x 0.14 x
EV / Revenue 0.32 x 0.29 x 0.17 x 0.31 x 0.31 x 0.32 x
EV / EBITDA -13.5 x 7.36 x 5.68 x 75.2 x -10.9 x 15.7 x
EV / FCF 5.17 x -7.97 x 1.98 x 10.6 x -10.1 x -2.19 x
FCF Yield 19.3% -12.5% 50.5% 9.46% -9.92% -45.7%
Price to Book 1.37 x 0.74 x 0.61 x 1.06 x 0.86 x 0.63 x
Nbr of stocks (in thousands) 10,27,904 10,27,904 10,27,904 10,27,904 10,27,904 10,27,904
Reference price 2 1.920 1.480 1.230 1.960 1.360 1.020
Announcement Date 26/02/19 27/02/20 25/02/21 28/02/22 27/02/23 28/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 7,125 7,244 7,540 6,199 5,348 7,249
EBITDA 1 -167.1 281.8 221.1 25.5 -150.6 147.2
EBIT 1 -391 67.51 98.43 -93.96 -265.1 46.36
Operating Margin -5.49% 0.93% 1.31% -1.52% -4.96% 0.64%
Earnings before Tax (EBT) 1 -401.1 85.3 81.98 -104.7 -231.7 55.05
Net income 1 -423.1 73.09 75.47 -128.9 -213.4 29.04
Net margin -5.94% 1.01% 1% -2.08% -3.99% 0.4%
EPS 2 -0.4116 0.0711 0.0734 -0.1254 -0.2076 0.0283
Free Cash Flow 1 436.1 -260.3 634.1 181.4 -162.1 -1,054
FCF margin 6.12% -3.59% 8.41% 2.93% -3.03% -14.54%
FCF Conversion (EBITDA) - - 286.79% 711.34% - -
FCF Conversion (Net income) - - 840.21% - - -
Dividend per Share - 0.0400 0.0500 - - -
Announcement Date 26/02/19 27/02/20 25/02/21 28/02/22 27/02/23 28/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 283 553 - - 237 1,260
Net Cash position 1 - - 8.61 96.4 - -
Leverage (Debt/EBITDA) -1.693 x 1.964 x - - -1.572 x 8.562 x
Free Cash Flow 1 436 -260 634 181 -162 -1,054
ROE (net income / shareholders' equity) -24.9% 3.86% 3.63% -6.47% -12.2% 1.19%
ROA (Net income/ Total Assets) -4.26% 0.68% 0.94% -0.99% -2.82% 0.46%
Assets 1 9,941 10,824 8,025 13,076 7,568 6,359
Book Value Per Share 2 1.400 2.010 2.020 1.850 1.590 1.620
Cash Flow per Share 2 0.1000 0.1800 0.2300 0.3000 0.2100 0.1700
Capex 1 66.3 90.3 21.7 155 146 260
Capex / Sales 0.93% 1.25% 0.29% 2.5% 2.74% 3.59%
Announcement Date 26/02/19 27/02/20 25/02/21 28/02/22 27/02/23 28/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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