Financials CSP Steel Center

Equities

CSP

TH0881010Z03

Iron & Steel

End-of-day quote Thailand S.E. 03:30:00 17/05/2024 am IST 5-day change 1st Jan Change
1.08 THB -1.82% Intraday chart for CSP Steel Center +1.89% +10.20%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 535.9 387 302.7 1,300 679.8 486.2
Enterprise Value (EV) 1 1,958 2,056 1,553 2,429 1,823 1,689
P/E ratio -48.8 x -3.04 x 3.59 x 2.97 x -7.16 x -5.35 x
Yield - - - 11.5% - -
Capitalization / Revenue 0.2 x 0.14 x 0.12 x 0.43 x 0.22 x 0.2 x
EV / Revenue 0.73 x 0.74 x 0.62 x 0.8 x 0.58 x 0.71 x
EV / EBITDA 34.8 x -29.9 x 9.74 x 4.18 x -77.8 x 315 x
EV / FCF -19.4 x -9.28 x 3.88 x - 11.1 x -183 x
FCF Yield -5.14% -10.8% 25.8% - 8.98% -0.55%
Price to Book 0.89 x 0.81 x 0.54 x 1.35 x 0.88 x 0.72 x
Nbr of stocks (in thousands) 4,96,169 4,96,169 4,96,169 4,96,169 4,96,169 4,96,169
Reference price 2 1.080 0.7800 0.6100 2.620 1.370 0.9800
Announcement Date 25/02/19 28/02/20 01/03/21 28/02/22 28/02/23 29/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,679 2,763 2,492 3,023 3,149 2,375
EBITDA 1 56.27 -68.8 159.5 580.6 -23.44 5.365
EBIT 1 27.42 -98.14 129.6 549.7 -54.99 -27
Operating Margin 1.02% -3.55% 5.2% 18.18% -1.75% -1.14%
Earnings before Tax (EBT) 1 -11.52 -125.6 83.75 506.6 -101.7 -87.21
Net income 1 -10.98 -127.4 84.3 438.3 -94.94 -90.85
Net margin -0.41% -4.61% 3.38% 14.5% -3.02% -3.83%
EPS 2 -0.0221 -0.2569 0.1699 0.8833 -0.1913 -0.1831
Free Cash Flow 1 -100.7 -221.5 400 - 163.6 -9.248
FCF margin -3.76% -8.02% 16.05% - 5.2% -0.39%
FCF Conversion (EBITDA) - - 250.78% - - -
FCF Conversion (Net income) - - 474.51% - - -
Dividend per Share - - - 0.3000 - -
Announcement Date 25/02/19 28/02/20 01/03/21 28/02/22 28/02/23 29/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,422 1,669 1,250 1,129 1,143 1,203
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 25.27 x -24.25 x 7.839 x 1.944 x -48.77 x 224.2 x
Free Cash Flow 1 -101 -221 400 - 164 -9.25
ROE (net income / shareholders' equity) -1.8% -23.5% 16.2% 57.4% -11% -12.6%
ROA (Net income/ Total Assets) 0.82% -2.75% 3.76% 16.2% -1.6% -0.83%
Assets 1 -1,346 4,634 2,243 2,699 5,925 10,972
Book Value Per Share 2 1.220 0.9700 1.140 1.940 1.550 1.370
Cash Flow per Share 2 0 0.0300 0.2000 0.0500 0.1300 0.0400
Capex 1 72.6 29.4 14.8 - 25.1 72.1
Capex / Sales 2.71% 1.07% 0.59% - 0.8% 3.04%
Announcement Date 25/02/19 28/02/20 01/03/21 28/02/22 28/02/23 29/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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