GRAND PRIX INTERNATIONAL |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.79 THB | -0.56% |
|
-0.56% | +11.88% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,296 | 1,104 | 780 | 1,182 | 1,032 | 960 |
| Enterprise Value (EV) 1 | 658 | 599.2 | 539.8 | 1,072 | 935.3 | 901.6 |
| P/E ratio | 9.85 x | 10.7 x | 22.9 x | 38.4 x | 27.8 x | 12.1 x |
| Yield | 11.1% | 9.78% | 6.15% | 3.05% | 5.23% | 7.5% |
| Capitalization / Revenue | 1.77 x | 1.53 x | 1.53 x | 2.38 x | 1.79 x | 1.53 x |
| EV / Revenue | 0.9 x | 0.83 x | 1.06 x | 2.15 x | 1.62 x | 1.44 x |
| EV / EBITDA | 3.92 x | 4.59 x | 9.17 x | 19.3 x | 11.6 x | 7.75 x |
| EV / FCF | 24.3 x | 13.9 x | -4.15 x | -38.3 x | 28.4 x | 13.4 x |
| FCF Yield | 4.12% | 7.2% | -24.1% | -2.61% | 3.52% | 7.45% |
| Price to Book | 1.65 x | 1.42 x | 1.04 x | 1.62 x | 1.43 x | 1.3 x |
| Nbr of stocks (in thousands) | 6,00,000 | 6,00,000 | 6,00,000 | 6,00,000 | 6,00,000 | 6,00,000 |
| Reference price 2 | 2.160 | 1.840 | 1.300 | 1.970 | 1.720 | 1.600 |
| Announcement Date | 26/02/19 | 19/02/20 | 22/02/21 | 24/02/22 | 24/02/23 | 18/02/24 |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 731.6 | 719.3 | 509.4 | 497.5 | 576.4 | 627.7 |
| EBITDA 1 | 167.7 | 130.6 | 58.86 | 55.52 | 80.67 | 116.4 |
| EBIT 1 | 155.6 | 116.3 | 43.47 | 41.71 | 68.51 | 101.4 |
| Operating Margin | 21.26% | 16.17% | 8.53% | 8.38% | 11.88% | 16.16% |
| Earnings before Tax (EBT) 1 | 168.1 | 130.9 | 45.26 | 39.71 | 51.84 | 103.7 |
| Net income 1 | 131.5 | 102.7 | 34.09 | 30.79 | 37.19 | 79.05 |
| Net margin | 17.97% | 14.28% | 6.69% | 6.19% | 6.45% | 12.59% |
| EPS 2 | 0.2192 | 0.1712 | 0.0568 | 0.0513 | 0.0620 | 0.1318 |
| Free Cash Flow 1 | 27.1 | 43.13 | -130.1 | -27.96 | 32.89 | 67.18 |
| FCF margin | 3.7% | 6% | -25.55% | -5.62% | 5.71% | 10.7% |
| FCF Conversion (EBITDA) | 16.16% | 33.01% | - | - | 40.77% | 57.74% |
| FCF Conversion (Net income) | 20.61% | 41.99% | - | - | 88.46% | 84.99% |
| Dividend per Share 2 | 0.2400 | 0.1800 | 0.0800 | 0.0600 | 0.0900 | 0.1200 |
| Announcement Date | 26/02/19 | 19/02/20 | 22/02/21 | 24/02/22 | 24/02/23 | 18/02/24 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 638 | 505 | 240 | 110 | 96.7 | 58.4 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 27.1 | 43.1 | -130 | -28 | 32.9 | 67.2 |
| ROE (net income / shareholders' equity) | 17.2% | 13.2% | 4.47% | 4.16% | 5.12% | 10.8% |
| ROA (Net income/ Total Assets) | 9.32% | 7.35% | 3.03% | 3.25% | 5.4% | 7.58% |
| Assets 1 | 1,411 | 1,397 | 1,124 | 946.8 | 688.7 | 1,043 |
| Book Value Per Share 2 | 1.310 | 1.300 | 1.250 | 1.220 | 1.200 | 1.230 |
| Cash Flow per Share 2 | 0.4500 | 0.2500 | 0.0800 | 0.0200 | 0.0400 | 0.0400 |
| Capex 1 | 17.7 | 63.8 | 12.3 | 31.9 | 41.5 | 23.1 |
| Capex / Sales | 2.42% | 8.87% | 2.41% | 6.41% | 7.19% | 3.68% |
| Announcement Date | 26/02/19 | 19/02/20 | 22/02/21 | 24/02/22 | 24/02/23 | 18/02/24 |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +11.88% | 29.9M | |
| +7.89% | 14.6B | |
| +0.67% | 1.21B | |
| -2.07% | 743M | |
| +0.23% | 647M | |
| +3.47% | 647M | |
| -14.93% | 639M | |
| +38.16% | 303M | |
| +7.14% | 269M | |
| +64.29% | 166M |
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