Company Valuation: Mida Leasing

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,033 1,501 1,193 862.5 532.4 500.5
Change - 45.36% -20.57% -27.68% -38.27% -6%
Enterprise Value (EV) 1 2,735 3,301 2,927 2,473 1,931 1,769
Change - 20.68% -11.31% -15.54% -21.91% -8.4%
P/E 10.5x 14.6x 11.4x -206x -6.38x -15.7x
PBR 0.52x 0.74x 0.56x 0.41x 0.26x 0.25x
PEG - 3.48x 6.52x 2x -0x 0.3x
Capitalization / Revenue 3.19x 4.83x 3x 3.28x 2.65x 2.39x
EV / Revenue 8.44x 10.6x 7.35x 9.4x 9.62x 8.46x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.0167 - - - - 0.037
Rate of return 5.16% - - - - 23.6%
EPS 2 0.0309 0.0322 0.0327 -0.001309 -0.0261 -0.00996
Distribution rate 54.1% - - - - -371%
Net sales 1 324 310.9 398.1 262.9 200.8 209
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 98.67 102.8 104.6 -4.183 -83.46 -31.82
Net Debt 1 1,702 1,799 1,735 1,610 1,398 1,268
Reference price 2 0.3233 0.4700 0.3733 0.2700 0.1667 0.1567
Nbr of stocks (in thousands) 31,94,392 31,94,392 31,94,392 31,94,392 31,94,393 31,94,393
Announcement Date 01/03/21 28/02/22 28/02/23 29/02/24 28/02/25 02/03/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.27x - - 1.24% 21TCr
11.92x2.38x3.91x1.65% 12TCr
34.93x4.89x16.75x-.--% 3.31TCr
22.81x4.96x24.57x0.08% 2.9TCr
16.31x11.54x21.64x1.22% 2.39TCr
7.6x1.81x3.4x1.78% 2.33TCr
26.84x3.57x10.74x-.--% 2.05TCr
20.68x17.97x42.62x0.18% 1.45TCr
10.19x13.25x - 1.31% 1.15TCr
Average 18.73x 7.55x 17.66x 0.83% 5.36TCr
Weighted average by Cap. 17.31x 5.05x 11.98x 1.13%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA