Financials Heng Leasing and Capital

Equities

HENG

THA490010008

Consumer Lending

End-of-day quote Thailand S.E. 03:30:00 20/05/2024 am IST 5-day change 1st Jan Change
1.48 THB -1.33% Intraday chart for Heng Leasing and Capital -5.13% -22.92%

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 18,136 11,201 7,315
Enterprise Value (EV) 1 22,303 17,785 16,804
P/E ratio 42.9 x 24.3 x 17.3 x
Yield 0.21% 2.27% 3.46%
Capitalization / Revenue 14.1 x 6.69 x 3.62 x
EV / Revenue 17.4 x 10.6 x 8.3 x
EV / EBITDA - - -
EV / FCF - - -
FCF Yield - - -
Price to Book 3.77 x 2.14 x 1.35 x
Nbr of stocks (in thousands) 38,10,000 38,10,000 38,10,000
Reference price 2 4.760 2.940 1.920
Announcement Date 18/02/22 17/02/23 15/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 870.3 1,083 1,196 1,282 1,675 2,023
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 198.3 234.1 398.5 440.4 575 525
Net income 1 151.8 188.7 318.1 353.8 461.1 422
Net margin 17.44% 17.42% 26.6% 27.6% 27.52% 20.86%
EPS 2 0.0790 0.0644 0.1057 0.1110 0.1210 0.1108
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - 0.3400 0.0100 0.0666 0.0665
Announcement Date 29/04/21 29/04/21 29/04/21 18/02/22 17/02/23 15/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 4,752 4,450 4,555 4,168 6,584 9,488
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 7.23% 6.17% 9.4% 8.54% 9.17% 7.92%
ROA (Net income/ Total Assets) 2.37% 2.38% 3.92% 3.94% 4.2% 3.02%
Assets 1 6,415 7,939 8,113 8,972 10,983 13,969
Book Value Per Share 2 0.9400 1.100 1.150 1.260 1.380 1.420
Cash Flow per Share 2 0.0500 0.0200 0.0200 0.1300 0.0400 0.1300
Capex 1 75.5 22.8 30.1 36.5 43.7 55.8
Capex / Sales 8.68% 2.1% 2.52% 2.85% 2.61% 2.76%
Announcement Date 29/04/21 29/04/21 29/04/21 18/02/22 17/02/23 15/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
1.48 THB
Average target price
3 THB
Spread / Average Target
+102.70%
Consensus

Chiffre d''affaires - Rate of surprise

  1. Stock Market
  2. Equities
  3. HENG Stock
  4. Financials Heng Leasing and Capital
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