Financials Kang Yong Electric

Equities

KYE

TH0386010Z03

Appliances, Tools & Housewares

End-of-day quote Thailand S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
337 THB +0.60% Intraday chart for Kang Yong Electric +2.43% +17.42%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 7,821 4,653 8,078 7,247 5,920 6,277
Enterprise Value (EV) 1 4,931 1,358 3,743 3,496 2,491 1,657
P/E ratio 46.1 x 7.49 x 8.09 x 21.5 x 37.1 x 8.51 x
Yield 1.15% 6.68% 6.19% 2.34% 1.37% 5.88%
Capitalization / Revenue 0.98 x 0.6 x 0.97 x 0.91 x 0.7 x 0.88 x
EV / Revenue 0.62 x 0.18 x 0.45 x 0.44 x 0.29 x 0.23 x
EV / EBITDA 20.4 x 2.61 x 3.61 x 24.6 x 14.4 x 3.64 x
EV / FCF 60.2 x -12.4 x 4.71 x -7.91 x -6.16 x 2.73 x
FCF Yield 1.66% -8.09% 21.2% -12.6% -16.2% 36.6%
Price to Book 1.5 x 0.81 x 0.96 x 0.9 x 0.75 x 0.67 x
Nbr of stocks (in thousands) 19,800 19,800 19,800 19,800 19,800 19,800
Reference price 2 395.0 235.0 408.0 366.0 299.0 317.0
Announcement Date 28/05/19 23/05/20 22/05/21 19/05/22 29/05/23 20/05/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net sales 1 7,960 7,743 8,342 7,965 8,465 7,133
EBITDA 1 241.5 520.7 1,037 142.1 172.9 455.4
EBIT 1 -109.2 168.5 655 -208.5 -159.4 157.6
Operating Margin -1.37% 2.18% 7.85% -2.62% -1.88% 2.21%
Earnings before Tax (EBT) 1 170.2 670.5 1,135 312.4 142 795.7
Net income 1 180.1 621.3 998.3 337.1 159.6 737.6
Net margin 2.26% 8.02% 11.97% 4.23% 1.89% 10.34%
EPS 2 8.561 31.38 50.42 17.02 8.060 37.25
Free Cash Flow 1 81.87 -109.9 795.2 -441.9 -404.5 606.3
FCF margin 1.03% -1.42% 9.53% -5.55% -4.78% 8.5%
FCF Conversion (EBITDA) 33.91% - 76.69% - - 133.13%
FCF Conversion (Net income) 45.45% - 79.66% - - 82.19%
Dividend per Share 2 4.550 15.70 25.25 8.550 4.100 18.65
Announcement Date 28/05/19 23/05/20 22/05/21 19/05/22 29/05/23 20/05/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net Debt 1 - - - - - -
Net Cash position 1 2,890 3,295 4,335 3,751 3,429 4,620
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 81.9 -110 795 -442 -404 606
ROE (net income / shareholders' equity) 3.11% 11.3% 14.1% 4.11% 2.01% 8.54%
ROA (Net income/ Total Assets) -0.9% 1.47% 4.57% -1.25% -1% 0.95%
Assets 1 -19,912 42,270 21,854 -26,894 -15,941 77,717
Book Value Per Share 2 264.0 290.0 424.0 405.0 399.0 473.0
Cash Flow per Share 2 39.90 48.70 38.20 37.30 31.90 11.20
Capex 1 296 481 306 337 282 239
Capex / Sales 3.71% 6.21% 3.67% 4.23% 3.33% 3.35%
Announcement Date 28/05/19 23/05/20 22/05/21 19/05/22 29/05/23 20/05/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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