Company Valuation: Green Resources

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 834.4 1,243 957.1 572.6 850.7 507.2
Change - 49.02% -23.03% -40.17% 48.57% -40.38%
Enterprise Value (EV) 1 1,097 1,402 1,073 778 876.1 517.7
Change - 27.76% -23.45% -27.51% 12.61% -40.9%
P/E 122x 26.4x -149x -18.6x 137x -12.3x
PBR 1.1x 1.55x 1.2x 0.75x 1.1x 0.69x
PEG - 0x 1x -0x -1x 0x
Capitalization / Revenue 6.06x 10.3x 7.93x 4.49x 8.02x 4.61x
EV / Revenue 7.96x 11.6x 8.89x 6.1x 8.26x 4.71x
EV / EBITDA 21.3x 21.2x 19.8x 38.5x 20.6x 13.5x
EV / EBIT 63.2x 43.1x 50.5x -49.6x 82.3x 82.7x
EV / FCF 43.1x 20.3x 16.3x 12.6x 16.3x 12.4x
FCF Yield 2.32% 4.93% 6.15% 7.96% 6.14% 8.05%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.00835 0.0576 -0.007871 -0.0376 0.007603 -0.0504
Distribution rate - - - - - -
Net sales 1 137.8 121.3 120.7 127.5 106.1 110
EBITDA 1 51.44 66.28 54.11 20.19 42.54 38.35
EBIT 1 17.37 32.5 21.24 -15.69 10.64 6.261
Net income 1 6.831 47.1 -6.439 -30.72 6.22 -41.25
Net Debt 1 263 158.6 116.2 205.4 25.32 10.55
Reference price 2 1.0200 1.5200 1.1700 0.7000 1.0400 0.6200
Nbr of stocks (in thousands) 8,18,025 8,18,025 8,18,025 8,18,025 8,18,025 8,18,025
Announcement Date 24/02/21 24/02/22 23/02/23 22/02/24 21/02/25 24/02/26
1THB in Million2THB
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
61.61x - - - 6.58TCr
14.08x4.56x12.27x3.6% 4.01TCr
5.7x0.76x1.57x8.64% 2.79TCr
8.36x1.48x7.93x4.24% 2.78TCr
17.83x3.95x15.87x1.37% 2.76TCr
13.63x3.06x14.66x2.57% 2.53TCr
9.19x3.49x7.71x-.--% 2.17TCr
8.18x0.91x3.3x2.73% 2.09TCr
10.37x2.04x8.39x4.05% 2.08TCr
Average 16.55x 2.53x 8.96x 3.4% 3.09TCr
Weighted average by Cap. 23.15x 2.68x 9.32x 3.52%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA