Company Valuation: Netbay

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,720 5,000 4,960 3,400 4,260 2,020 - -
Change - 5.93% -0.8% -31.45% 25.29% -52.58% - -
Enterprise Value (EV) 1 4,720 4,938 4,878 3,292 4,068 1,814 1,697 1,643
Change - 4.62% -1.22% -32.5% 23.57% -55.41% -6.43% -3.18%
P/E 28.4x 29.4x 27.6x 15.7x 16x 13.5x 8.15x 7.37x
PBR 9.79x - - - - - - -
PEG - 12.2x 4.69x 0.8x 0.7x -0.3x 0.1x 0.7x
Capitalization / Revenue 11.8x 10.9x 10.2x 5.85x 5.85x 3.71x 2.57x 2.37x
EV / Revenue 11.8x 10.8x 10x 5.66x 5.59x 3.33x 2.16x 1.93x
EV / EBITDA 23.4x 21.9x 20.6x 11.1x 11.2x 8.17x 4.89x 4.31x
EV / EBIT 25.2x 23.3x 22.1x 12.1x 12.2x 9.6x 5.44x 4.78x
EV / FCF 23.1x 36.8x 25.1x 27.2x 14.7x 10.2x 6.65x 5.83x
FCF Yield 4.33% 2.72% 3.98% 3.67% 6.82% 9.82% 15% 17.1%
Dividend per Share 2 0.7945 0.8162 0.8983 1.179 1.579 0.67 1.12 1.23
Rate of return 3.37% 3.26% 3.62% 6.94% 7.41% 6.63% 11.1% 12.2%
EPS 2 0.83 0.85 0.9 1.08 1.33 0.75 1.24 1.37
Distribution rate 95.7% 96% 99.8% 109% 119% 89.3% 90.3% 89.8%
Net sales 1 400.5 457.2 487.4 581.5 728.2 544 786 853
EBITDA 1 201.9 225.5 236.6 296.7 364.3 222 347 381
EBIT 1 187.1 211.7 220.8 271 333.7 189 312.1 343.9
Net income 1 165.6 169.7 180.3 215.9 265.6 150 248 273
Net Debt 1 - -61.81 -82.15 -107.6 -191.5 -206 -322.7 -376.7
Reference price 2 23.60 25.00 24.80 17.00 21.30 10.10 10.10 10.10
Nbr of stocks (in thousands) 2,00,000 2,00,000 2,00,000 2,00,000 2,00,000 2,00,000 - -
Announcement Date 24/02/22 23/02/23 22/02/24 21/02/25 25/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.51x3.97x13.82x2.76% 23TCr
20.45x4.35x10.68x0.81% 18TCr
17.79x2.02x10.4x2.66% 15TCr
-109.61x15.02x82.57x-.--% 9.72TCr
-463.54x32.25x130.23x-.--% 9.63TCr
16.29x2.94x11.33x4.94% 9.62TCr
23.21x6.04x14.83x2.41% 7.01TCr
15.51x2.25x9.59x4.97% 5.09TCr
19.62x2.52x12.08x4.41% 4.15TCr
Average -48.42x 7.93x 32.84x 2.55% 11.26TCr
Weighted average by Cap. -37.99x 7.39x 29.97x 2.24%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Netbay

Historical PBR trend

Valuation ratios - PBR - Netbay

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Netbay

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Netbay


Year-on-year evolution of the Yield

Valuation ratios - Yield - Netbay