Company Valuation: MFEC

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,119 4,812 3,510 2,936 2,693 2,273
Change - 127.08% -27.06% -16.35% -8.27% -15.57%
Enterprise Value (EV) 1 2,088 5,168 3,939 3,321 2,797 1,891
Change - 147.52% -23.78% -15.71% -15.76% -32.39%
P/E 8.73x 18.7x 15x 4.31x 9.89x 9.68x
PBR 1.11x 2.42x 1.73x 1.16x 1.03x 0.88x
PEG - 3.2x -1.67x 0x -0.2x -0.7x
Capitalization / Revenue 0.45x 0.93x 0.64x 0.43x 0.4x 0.33x
EV / Revenue 0.44x 1x 0.72x 0.49x 0.41x 0.27x
EV / EBITDA 6.03x 15x 14.2x 20.2x 7.45x 4.86x
EV / EBIT 6.72x 16.7x 16x 25.5x 8.49x 5.51x
EV / FCF 10.2x -34.4x 41x 66.1x 6.52x 2.39x
FCF Yield 9.81% -2.91% 2.44% 1.51% 15.3% 41.9%
Dividend per Share 2 0.4 0.4 0.4 0.4 0.5 0.5
Rate of return 8.33% 3.67% 5.03% 6.02% 8.2% 9.71%
EPS 2 0.55 0.5821 0.53 1.543 0.6167 0.5318
Distribution rate 72.7% 68.7% 75.5% 25.9% 81.1% 94%
Net sales 1 4,731 5,185 5,453 6,777 6,812 6,913
EBITDA 1 346.1 343.9 278 164.7 375.6 389.5
EBIT 1 310.5 309.5 246.3 130.4 329.6 343.4
Net income 1 244.6 257 234.9 681.1 272.3 234.8
Net Debt 1 -30.93 356.5 429.8 385 104.5 -382.1
Reference price 2 4.800 10.900 7.950 6.650 6.100 5.150
Nbr of stocks (in thousands) 4,41,454 4,41,454 4,41,454 4,41,454 4,41,454 4,41,454
Announcement Date 23/02/21 23/02/22 22/02/23 28/02/24 25/02/25 24/02/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.26x4.07x14.17x2.68% 24TCr
21.65x4.58x11.23x0.77% 19TCr
17.82x2.02x10.41x2.65% 15TCr
-115.49x15.84x87.11x-.--% 10TCr
16.31x2.94x11.35x4.93% 9.56TCr
-457.45x32.43x133.21x-.--% 9.44TCr
23.22x6.01x14.75x2.43% 7TCr
15.24x2.21x9.41x5.06% 4.97TCr
19.53x2.51x12.03x4.42% 4.1TCr
Average -48.21x 8.07x 33.74x 2.55% 11.47TCr
Weighted average by Cap. -36.31x 7.49x 30.67x 2.19%

Y-o-Y evolution of P/E

Valuation ratios - P/E - MFEC

Historical PBR trend

Valuation ratios - PBR - MFEC

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - MFEC

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - MFEC