Financials Krungthai Card

Equities

KTC

TH0689010Z00

Consumer Lending

End-of-day quote Thailand S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
43 THB -1.15% Intraday chart for Krungthai Card +0.58% -1.15%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,01,844 1,53,411 1,52,766 1,52,122 1,12,158 1,10,224 - -
Enterprise Value (EV) 1 1,01,844 1,53,411 1,52,766 1,52,122 1,12,158 1,10,224 1,10,224 1,10,224
P/E ratio 18.5 x 28.7 x 26 x 21.5 x 15.4 x 14.3 x 13.2 x 14.3 x
Yield 2.23% 1.39% 1.69% - - 3.11% 3.32% 3.7%
Capitalization / Revenue 4.84 x 7.48 x 7.63 x 6.97 x 4.73 x 4.29 x 4.09 x 3.89 x
EV / Revenue 4.84 x 7.48 x 7.63 x 6.97 x 4.73 x 4.29 x 4.09 x 3.89 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 5.17 x 6.73 x 5.64 x 4.85 x 3.14 x 2.76 x 2.45 x 2.22 x
Nbr of stocks (in thousands) 25,78,334 25,78,334 25,78,334 25,78,334 25,78,334 25,78,334 - -
Reference price 2 39.50 59.50 59.25 59.00 43.50 42.75 42.75 42.75
Announcement Date 15/01/20 19/01/21 21/01/22 20/01/23 19/01/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 21,059 20,521 20,026 21,839 23,716 25,721 26,950 28,316
EBITDA - - - - - - - -
EBIT 1 13,337 13,261 12,700 13,722 14,915 16,026 16,047 17,133
Operating Margin 63.33% 64.62% 63.42% 62.83% 62.89% 62.31% 59.54% 60.51%
Earnings before Tax (EBT) 1 6,904 6,656 7,255 8,871 9,068 9,313 10,327 9,815
Net income 1 5,524 5,333 5,879 7,079 7,295 7,699 8,347 7,681
Net margin 26.23% 25.99% 29.36% 32.42% 30.76% 29.93% 30.97% 27.13%
EPS 2 2.140 2.070 2.280 2.750 2.830 2.999 3.248 2.988
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.8800 0.8300 1.000 - - 1.330 1.418 1.581
Announcement Date 15/01/20 19/01/21 21/01/22 20/01/23 19/01/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 - 4,786 - 5,019 5,405 10,428 5,544 5,875 - 5,825 - 6,207 6,259
EBITDA - - - - - - - - - - - - -
EBIT 1 - 2,939 - 3,221 3,419 6,644 3,488 3,599 - 3,690 3,768 3,778 3,890
Operating Margin - 61.4% - 64.18% 63.25% 63.71% 62.91% 61.25% - 63.35% - 60.86% 62.15%
Earnings before Tax (EBT) 1 - - - 2,180 - - - - - 2,263 2,303 2,184 2,259
Net income 1 2,790 1,317 1,248 1,747 1,894 - 1,773 1,666 1,872 1,806 1,857 1,761 1,803
Net margin - 27.51% - 34.81% 35.04% - 31.97% 28.36% - 31% - 28.38% 28.81%
EPS 2 1.080 0.5100 - 0.6800 - - 0.6900 0.6500 0.7300 0.7000 0.7200 0.6800 0.7000
Dividend per Share - - - - - - - - - - - - -
Announcement Date 17/07/20 15/10/21 21/01/22 20/04/22 21/07/22 21/07/22 20/10/22 20/01/23 18/04/23 21/07/23 19/10/23 19/01/24 19/04/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 30.6% 25.1% 23.7% 24.3% 21.8% 20.2% 19.3% 16.7%
ROA (Net income/ Total Assets) 6.69% 6.14% 6.49% 7.4% 6.8% 6.52% 6.72% 5.53%
Assets 1 82,527 86,907 90,533 95,668 1,07,301 1,18,178 1,24,210 1,38,818
Book Value Per Share 2 7.640 8.840 10.50 12.20 13.80 15.50 17.50 19.30
Cash Flow per Share - 1.350 3.230 -1.660 - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 15/01/20 19/01/21 21/01/22 20/01/23 19/01/24 - - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
42.75 THB
Average target price
50.54 THB
Spread / Average Target
+18.22%
Consensus
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