Financials Micro Leasing

Equities

MICRO

TH9943010008

Corporate Financial Services

End-of-day quote Thailand S.E. 03:30:00 29/04/2024 am IST 5-day change 1st Jan Change
2.18 THB +1.87% Intraday chart for Micro Leasing +3.81% 0.00%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 4,544 7,620 4,020 2,038
Enterprise Value (EV) 1 5,239 9,408 6,901 4,704
P/E ratio 27.5 x 40.6 x 61.4 x -38.9 x
Yield 1.13% 0.94% 0.84% -
Capitalization / Revenue 13.4 x 16.6 x 7.36 x 4.02 x
EV / Revenue 15.5 x 20.5 x 12.6 x 9.28 x
EV / EBITDA - - - -
EV / FCF - - - -
FCF Yield - - - -
Price to Book 2.49 x 3.89 x 2.05 x 1.08 x
Nbr of stocks (in thousands) 9,35,000 9,35,000 9,35,000 9,35,000
Reference price 2 4.860 8.150 4.300 2.180
Announcement Date 25/02/21 25/02/22 24/02/23 23/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 222.2 261.7 339.1 458.6 546.5 506.7
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 116.3 138.8 176.2 227.4 81.53 -98.34
Net income 1 89.94 110.8 135.1 187.5 79.14 -52.54
Net margin 40.47% 42.34% 39.84% 40.88% 14.48% -10.37%
EPS 2 0.1500 0.1583 0.1769 0.2005 0.0700 -0.0560
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - 0.0550 0.0770 0.0360 -
Announcement Date 17/01/20 30/09/20 25/02/21 25/02/22 24/02/23 23/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3
Net sales - 158.8 164.9 174.5 339.4 -
EBITDA - - - - - -
EBIT 1 102 108.7 105.1 98.51 203.6 103.4
Operating Margin - 68.47% 63.77% 56.44% 60% -
Earnings before Tax (EBT) - - - - - -
Net income 1 40.29 45.87 51.74 18.72 70.46 7.8
Net margin - 28.88% 31.38% 10.73% 20.76% -
EPS 0.0400 0.0500 0.0600 0.0100 0.0700 -
Dividend per Share - - - - - -
Announcement Date 09/11/21 25/02/22 11/05/22 12/08/22 12/08/22 18/11/22
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 471 941 694 1,788 2,880 2,666
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 10.9% 10.8% 9.31% 9.92% 3.17% -3.74%
ROA (Net income/ Total Assets) 6.32% 6.06% 5.54% 5.52% 1.36% -1.47%
Assets 1 1,423 1,828 2,437 3,395 5,798 3,572
Book Value Per Share 2 1.380 1.540 1.950 2.090 2.100 2.010
Cash Flow per Share 2 0.0700 0.0700 0.1400 0.1500 0.3100 0.4600
Capex 1 4.44 43.4 11 34.5 36.4 3.94
Capex / Sales 2% 16.57% 3.25% 7.52% 6.65% 0.78%
Announcement Date 17/01/20 30/09/20 25/02/21 25/02/22 24/02/23 23/02/24
1THB in Million2THB
Estimates
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