Company Valuation: KCE Electronics

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,03,980 54,961 65,015 28,961 21,514 56,445 - -
Change - -47.14% 18.29% -55.45% -25.71% 162.36% - -
Enterprise Value (EV) 1 1,05,683 57,642 65,475 28,511 20,981 55,948 55,684 54,587
Change - -45.46% 13.59% -56.45% -26.41% 166.66% -0.47% -1.97%
P/E 42.9x 23.7x 37.9x 17.6x 26x 47x 36.1x 30.8x
PBR 7.75x 4.1x 4.75x 2.11x 1.64x 4.27x 4.23x 4.04x
PEG - -5.4x -1.5x -4.25x -0.5x 1x 1.2x 1.8x
Capitalization / Revenue 6.96x 2.98x 3.98x 1.95x 1.65x 4.02x 3.73x 3.54x
EV / Revenue 7.07x 3.12x 4.01x 1.92x 1.6x 3.98x 3.68x 3.42x
EV / EBITDA 28.3x 17.3x 24x 11.3x 11.5x 22.6x 19.2x 17.4x
EV / EBIT 39x 26x 40.2x 19.6x 28.9x 43.7x 30.7x 26.2x
EV / FCF 10,304x 56.8x 17.4x 11.4x 13.2x 33.6x 35.2x 22x
FCF Yield 0.01% 1.76% 5.76% 8.8% 7.56% 2.98% 2.84% 4.54%
Dividend per Share 2 1 1.6 1.2 1.3 1.2 1.117 1.228 1.33
Rate of return 1.14% 3.44% 2.18% 5.31% 6.59% 2.34% 2.57% 2.79%
EPS 2 2.05 1.96 1.45 1.39 0.7 1.016 1.324 1.551
Distribution rate 48.8% 81.6% 82.8% 93.5% 171% 110% 92.7% 85.8%
Net sales 1 14,938 18,456 16,344 14,833 13,075 14,056 15,142 15,961
EBITDA 1 3,733 3,328 2,724 2,522 1,824 2,481 2,894 3,133
EBIT 1 2,709 2,214 1,629 1,455 725 1,280 1,815 2,083
Net income 1 2,426 2,317 1,720 1,648 832.7 1,201 1,568 1,828
Net Debt 1 1,703 2,680 460.4 -449.9 -533 -496.5 -761 -1,858
Reference price 2 88.00 46.50 55.00 24.50 18.20 47.75 47.75 47.75
Nbr of stocks (in thousands) 11,81,590 11,81,966 11,82,089 11,82,089 11,82,089 11,82,089 - -
Announcement Date 08/02/22 07/02/23 13/02/24 24/02/25 10/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
43.84x3.52x19.62x2.52% 159.03Cr
23.7x13.37x19.81x0.34% 5,42800Cr
46.2x18.9x27.82x0.63% 1,97900Cr
22.55x11.05x14.96x1.12% 1,94200Cr
12.55x7.6x9.19x0.06% 1,02900Cr
84.45x15.28x57.4x-.--% 79TCr
4.28x2.61x3.15x0.25% 77TCr
-43.87x8.78x24.5x-.--% 53TCr
215.45x47.31x96.37x-.--% 29TCr
32.54x11.8x21.88x2.08% 25TCr
Average 44.17x 14.02x 29.47x 0.7% 1,30200Cr
Weighted average by Cap. 30.29x 13.42x 22.69x 0.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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