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 2,820 - -
Change - 5.93% -0.8% -31.45% 25.29% -33.8% - -
Enterprise Value (EV) 1 4,720 4,938 4,878 3,292 4,068 2,614 2,497 2,443
Change - 4.62% -1.22% -32.5% 23.57% -35.75% -4.46% -2.16%
P/E 28.4x 29.4x 27.6x 15.7x 16x 18.8x 11.4x 10.3x
PBR 9.79x - - - - - - -
PEG - 12.2x 4.69x 0.8x 0.7x -0.4x 0.2x 1x
Capitalization / Revenue 11.8x 10.9x 10.2x 5.85x 5.85x 5.18x 3.59x 3.31x
EV / Revenue 11.8x 10.8x 10x 5.66x 5.59x 4.8x 3.18x 2.87x
EV / EBITDA 23.4x 21.9x 20.6x 11.1x 11.2x 11.8x 7.2x 6.42x
EV / EBIT 25.2x 23.3x 22.1x 12.1x 12.2x 13.8x 8x 7.1x
EV / FCF 23.1x 36.8x 25.1x 27.2x 14.7x 14.7x 9.79x 8.67x
FCF Yield 4.33% 2.72% 3.98% 3.67% 6.82% 6.81% 10.2% 11.5%
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% 4.75% 7.94% 8.72%
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 1 400.5 457.2 487.4 581.5 728.2 544.2 785.5 852.8
EBITDA 1 201.9 225.5 236.6 296.7 364.3 222.2 346.9 380.6
EBIT 1 187.1 211.7 220.8 271 333.7 189.4 312.1 343.9
Net income 1 165.6 169.7 180.3 215.9 265.6 149.8 247.9 273.3
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 14.10 14.10 14.10
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.($)
18.8x4.8x11.76x4.75% 8.48Cr
20.1x3.48x8.95x1.04% 13TCr
-1025.99x33.24x142.32x-.--% 9.49TCr
-19.14x7.16x12.4x-.--% 4.85TCr
51.75x4.92x19.55x-.--% 1.48TCr
1003.77x12.22x31.82x-.--% 1.36TCr
47.38x4.78x15.6x-.--% 1.27TCr
-51.35x168.35x-58.82x - 744.22Cr
27.51x6.43x14.47x-.--% 537.73Cr
14.7x3.12x8.28x-.--% 448.89Cr
Average 8.75x 24.85x 20.63x 0.64% 3.36TCr
Weighted average by Cap. -240.47x 16.59x 47.38x 0.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield