Financials Ditto (Thailand)

Equities

DITTO

THA283010009

IT Services & Consulting

End-of-day quote Thailand S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
14.7 THB -1.34% Intraday chart for Ditto (Thailand) -2.65% -46.06%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 11,990 31,419 18,004 10,201 - -
Enterprise Value (EV) 1 11,990 31,419 18,004 10,201 10,201 10,201
P/E ratio 56.8 x 130 x 52.7 x 20.7 x 17.1 x 14.1 x
Yield 0.04% - 0.73% 2.04% 2.72% 3.4%
Capitalization / Revenue 11 x 25.4 x 9.91 x 4.29 x 3.1 x 2.5 x
EV / Revenue 11 x 25.4 x 9.91 x 4.29 x 3.1 x 2.5 x
EV / EBITDA 46 x 92.2 x 40.1 x 16.2 x 11.9 x 9.99 x
EV / FCF 109 x -200 x -43 x 17.5 x 23.1 x 16.9 x
FCF Yield 0.92% -0.5% -2.32% 5.71% 4.33% 5.9%
Price to Book 11.6 x - - - - -
Nbr of stocks (in thousands) 6,33,600 6,33,667 6,60,714 6,93,914 - -
Reference price 2 18.92 49.58 27.25 14.70 14.70 14.70
Announcement Date 28/02/22 27/02/23 27/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 1,091 1,237 1,817 2,380 3,289 4,075
EBITDA 1 - 260.5 340.7 449.1 630 855 1,021
EBIT 1 - 203.9 291.7 399.9 568 792 958
Operating Margin - 18.7% 23.59% 22.01% 23.87% 24.08% 23.51%
Earnings before Tax (EBT) 1 - 246.6 293.4 415.3 581 805 971
Net income 1 114.2 200.7 234.7 335.1 469 646 779
Net margin - 18.4% 18.98% 18.45% 19.71% 19.64% 19.12%
EPS 2 0.2431 0.3333 0.3804 0.5170 0.7100 0.8600 1.040
Free Cash Flow 1 - 110 -157.4 -418.4 582 442 602
FCF margin - 10.08% -12.73% -23.03% 24.45% 13.44% 14.77%
FCF Conversion (EBITDA) - 42.22% - - 92.38% 51.7% 58.96%
FCF Conversion (Net income) - 54.8% - - 124.09% 68.42% 77.28%
Dividend per Share 2 - 0.007720 - 0.2000 0.3000 0.4000 0.5000
Announcement Date 05/05/21 28/02/22 27/02/23 27/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales - 319.8 339.8 - 287.8 - - - - -
EBITDA - - - - - - - - - -
EBIT - - - - - - - - - -
Operating Margin - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - -
Net income 1 71.86 58.61 63.02 70.54 42.58 80.83 92.56 96.58 65.12 104.6
Net margin - 18.33% 18.54% - 14.8% - - - - -
EPS - - - - - - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 28/02/22 13/05/22 15/08/22 14/11/22 27/02/23 14/05/23 11/08/23 13/11/23 27/02/24 14/05/24
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 110 -157 -418 582 442 602
ROE (net income / shareholders' equity) - 29.4% 20.4% 18% 18.2% 14.9% 12.6%
ROA (Net income/ Total Assets) - 19% 15.6% 13.4% 13.3% 11.9% 10.5%
Assets 1 - 1,058 1,501 2,497 3,526 5,429 7,419
Book Value Per Share - 1.630 - - - - -
Cash Flow per Share - 0.2400 - - - - -
Capex 1 - 35.5 515 565 50 50 50
Capex / Sales - 3.26% 41.66% 31.09% 2.1% 1.52% 1.23%
Announcement Date 05/05/21 28/02/22 27/02/23 27/02/24 - - -
1THB in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
14.7 THB
Average target price
30 THB
Spread / Average Target
+104.08%
Consensus

Quarterly revenue - Rate of surprise

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