Financials Exotic Food

Equities

XO

TH5778010006

Food Processing

End-of-day quote Thailand S.E. 03:30:00 21/05/2024 am IST 5-day change 1st Jan Change
30 THB -0.83% Intraday chart for Exotic Food -8.40% +25.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,442 4,715 8,453 5,533 10,243 12,804 - -
Enterprise Value (EV) 1 2,442 4,715 8,453 5,533 10,243 12,804 12,804 12,804
P/E ratio 19.8 x 14.8 x 18.3 x 16.3 x 13 x 15.7 x 14.2 x 12.8 x
Yield - 5.48% 4.06% 3.06% - 3.17% 3.5% 3.9%
Capitalization / Revenue - 3.7 x 5.5 x 3.74 x 4.06 x 5.06 x 4.57 x 4.12 x
EV / Revenue - 3.7 x 5.5 x 3.74 x 4.06 x 5.06 x 4.57 x 4.12 x
EV / EBITDA - - 15.7 x 13.3 x 11.3 x 13.8 x 12.4 x 11.1 x
EV / FCF - - 22.5 x 34.7 x - 27.7 x 21.5 x 18.5 x
FCF Yield - - 4.44% 2.88% - 3.62% 4.65% 5.4%
Price to Book - 4.59 x 7.45 x 4.47 x - 5.74 x 4.7 x 3.92 x
Nbr of stocks (in thousands) 4,24,764 4,24,764 4,24,764 4,25,607 4,26,812 4,26,812 - -
Reference price 2 5.750 11.10 19.90 13.00 24.00 30.00 30.00 30.00
Announcement Date 24/02/20 23/02/21 21/02/22 17/02/23 20/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 1,275 1,538 1,480 2,521 2,530 2,803 3,108
EBITDA 1 - - 540 415.6 905.5 930 1,035 1,149
EBIT 1 - - 482.9 355.8 811.4 847 937 1,037
Operating Margin - - 31.41% 24.04% 32.19% 33.48% 33.43% 33.37%
Earnings before Tax (EBT) 1 - - 481.4 353.7 807.7 844 933 1,033
Net income 1 122 - 462.3 340.2 785 810 896 992
Net margin - - 30.07% 22.98% 31.14% 32.02% 31.97% 31.92%
EPS 2 0.2900 0.7500 1.090 0.8000 1.840 1.910 2.110 2.340
Free Cash Flow 1 - - 375.6 159.4 - 463 596 692
FCF margin - - 24.43% 10.76% - 18.3% 21.26% 22.27%
FCF Conversion (EBITDA) - - 69.55% 38.35% - 49.78% 57.58% 60.23%
FCF Conversion (Net income) - - 81.24% 46.85% - 57.16% 66.52% 69.76%
Dividend per Share 2 - 0.6080 0.8080 0.3980 - 0.9500 1.050 1.170
Announcement Date 24/02/20 23/02/21 21/02/22 17/02/23 20/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q3 2023 Q4 2024 Q1
Net sales 1 - 810.9 709.1
EBITDA 1 - 258.5 291
EBIT 1 - 243.3 275.6
Operating Margin - 30% 38.87%
Earnings before Tax (EBT) 1 - 234.3 273.2
Net income 1 248.1 227.6 263.7
Net margin - 28.06% 37.18%
EPS 2 0.5800 0.5300 0.6200
Dividend per Share - - -
Announcement Date 13/11/23 20/02/24 13/05/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 376 159 - 463 596 692
ROE (net income / shareholders' equity) - - 42.8% 28.7% - 40.3% 36.3% 33.2%
ROA (Net income/ Total Assets) - - 35.3% 23.1% - - - -
Assets 1 - - 1,308 1,471 - - - -
Book Value Per Share 2 - 2.420 2.670 2.910 - 5.230 6.380 7.660
Cash Flow per Share - - 1.110 - - - - -
Capex 1 - - 94 305 - 347 300 300
Capex / Sales - - 6.11% 20.6% - 13.72% 10.7% 9.65%
Announcement Date 24/02/20 23/02/21 21/02/22 17/02/23 20/02/24 - - -
1THB in Million2THB
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
OUTPERFORM
Number of Analysts
2
Last Close Price
30 THB
Average target price
22.75 THB
Spread / Average Target
-24.17%
Consensus
  1. Stock Market
  2. Equities
  3. XO Stock
  4. Financials Exotic Food
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