Projected Income Statement: Internet Thailand

Forecast Balance Sheet: Internet Thailand

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 - - 5,490 5,535 5,853 4,078 - -
Change - - - 0.82% 5.75% -30.33% - -
Announcement Date 24/02/22 24/02/23 28/02/24 27/02/25 02/03/26 - - -
1THB in Million
Estimates

Cash Flow Forecast: Internet Thailand

Fiscal Period: December 2023 2024 2025 2026
CAPEX 1 1,685 - - 300
Change - - - -
Free Cash Flow (FCF) 1 -1,337 -1,978 -985.3 508
Change - -47.98% 50.18% 151.56%
Announcement Date 28/02/24 27/02/25 02/03/26 -
1THB in Million
Estimates

Forecast Financial Ratios: Internet Thailand

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) - 49.48% 50.41% 54.02% 56.54% 52.05% 50.03% 50.66%
EBIT Margin (%) - 36.06% 36.9% 42.88% 38.61% 34.53% - -
EBT Margin (%) - 7.09% 8.44% 12.81% 5.61% 8.21% - -
Net margin (%) - 9.84% 11.23% 15.21% 7.69% 9.54% 11.07% 13.46%
FCF margin (%) - - -63.96% -78.13% -31.33% 14.47% - -
FCF / Net Income (%) - - -569.78% -513.7% -407.71% 151.64% - -

Profitability

        
ROA - - 1.95% 2.65% 1.36% 1.9% - -
ROE - - 9.46% 12.77% 6.99% 9.2% 11% 11%

Financial Health

        
Leverage (Debt/EBITDA) - - 5.21x 4.05x 3.29x 2.23x - -
Debt / Free cash flow - - -4.11x -2.8x -5.94x 8.03x - -

Capital Intensity

        
CAPEX / Current Assets (%) - - 80.64% - - 8.55% - -
CAPEX / EBITDA (%) - - 159.97% - - 16.42% - -
CAPEX / FCF (%) - - -126.08% - - 59.06% - -

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 - - 0.116 0.119 0.126 0.17 0.21 0.28
Change - - - 2.59% 5.88% 34.92% 23.53% 33.33%
Book Value Per Share 1 - - 5.22 5.719 6 7.66 - -
Change - - - 9.56% 4.91% 27.67% - -
EPS 1 0.33 0.4 0.4688 0.75 0.4 0.56 0.72 0.94
Change - 21.21% 17.2% 59.99% -46.67% 40% 28.57% 30.56%
Nbr of stocks (in thousands) 5,00,042 5,00,042 5,00,967 5,96,740 5,96,740 5,96,740 5,96,740 5,96,740
Announcement Date 24/02/22 24/02/23 28/02/24 27/02/25 02/03/26 - - -
1THB
Estimates
2026 *2027 *
P/E Ratio 6.86x 5.33x
PBR 0.5x -
EV / Sales 1.81x 0.59x
Yield 4.43% 5.47%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
3.840THB
Average target price
5.475THB
Spread / Average Target
+42.58%

Annual profits - Rate of surprise

  1. Stock Market
  2. Stocks
  3. INET Stock
  4. Financials Internet Thailand
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