NR INSTANT PRODUCE |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.96 THB | +1.22% |
|
+0.81% | -5.52% |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Capitalization 1 | 8,406 | 11,341 | 9,286 | 7,443 |
| Enterprise Value (EV) 1 | 8,397 | 12,132 | 10,891 | 9,973 |
| P/E ratio | 56.5 x | 51.2 x | 32.6 x | -132 x |
| Yield | 0.07% | 0.51% | 0.46% | - |
| Capitalization / Revenue | 5.85 x | 5.21 x | 3.84 x | 2.44 x |
| EV / Revenue | 5.84 x | 5.58 x | 4.51 x | 3.28 x |
| EV / EBITDA | 28.7 x | 29.7 x | 25.8 x | 30.6 x |
| EV / FCF | 114 x | -22.8 x | -20.7 x | -486 x |
| FCF Yield | 0.88% | -4.38% | -4.84% | -0.21% |
| Price to Book | 3.27 x | 4.03 x | 3.13 x | 2.58 x |
| Nbr of stocks (in thousands) | 14,10,012 | 14,17,654 | 14,17,654 | 14,17,657 |
| Reference price 2 | 5.962 | 8.000 | 6.550 | 5.250 |
| Announcement Date | 01/03/21 | 01/03/22 | 28/02/23 | 01/03/24 |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,133 | 1,120 | 1,438 | 2,175 | 2,416 | 3,044 |
| EBITDA 1 | 270.1 | 196.1 | 292.3 | 408.8 | 422.4 | 326 |
| EBIT 1 | 195 | 117.9 | 207.1 | 259.5 | 256 | 174.6 |
| Operating Margin | 17.22% | 10.53% | 14.4% | 11.93% | 10.6% | 5.74% |
| Earnings before Tax (EBT) 1 | 122.4 | 50.86 | 151.6 | 293.3 | 321 | -8.207 |
| Net income 1 | 95.55 | 40.75 | 124.4 | 220.8 | 285.2 | -56.55 |
| Net margin | 8.43% | 3.64% | 8.65% | 10.15% | 11.8% | -1.86% |
| EPS 2 | 0.0908 | 0.0380 | 0.1055 | 0.1564 | 0.2012 | -0.0399 |
| Free Cash Flow 1 | 5.088 | 49.31 | 73.87 | -531.3 | -527.2 | -20.51 |
| FCF margin | 0.45% | 4.4% | 5.14% | -24.43% | -21.82% | -0.67% |
| FCF Conversion (EBITDA) | 1.88% | 25.14% | 25.28% | - | - | - |
| FCF Conversion (Net income) | 5.33% | 121% | 59.38% | - | - | - |
| Dividend per Share | - | - | 0.004300 | 0.0410 | 0.0300 | - |
| Announcement Date | 03/02/20 | 08/10/20 | 01/03/21 | 01/03/22 | 28/02/23 | 01/03/24 |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 |
|---|---|---|---|
| Net sales | - | - | - |
| EBITDA | - | - | - |
| EBIT | - | - | - |
| Operating Margin | - | - | - |
| Earnings before Tax (EBT) | - | - | - |
| Net income 1 | 59.7 | 55.8 | 28.9 |
| Net margin | - | - | - |
| EPS | - | - | - |
| Dividend per Share | - | - | - |
| Announcement Date | 15/11/21 | 01/03/22 | 17/05/22 |
1THB in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 967 | 822 | - | 791 | 1,606 | 2,530 |
| Net Cash position 1 | - | - | 8.54 | - | - | - |
| Leverage (Debt/EBITDA) | 3.579 x | 4.193 x | - | 1.934 x | 3.801 x | 7.762 x |
| Free Cash Flow 1 | 5.09 | 49.3 | 73.9 | -531 | -527 | -20.5 |
| ROE (net income / shareholders' equity) | 10.6% | 3.75% | 6.64% | 8.16% | 9.15% | -1.83% |
| ROA (Net income/ Total Assets) | 4.92% | 2.91% | 4.35% | 4.04% | 3.01% | 1.75% |
| Assets 1 | 1,943 | 1,398 | 2,860 | 5,459 | 9,473 | -3,236 |
| Book Value Per Share 2 | 0.9400 | 1.060 | 1.830 | 1.990 | 2.090 | 2.040 |
| Cash Flow per Share 2 | 0.0400 | 0.1300 | 0.1600 | 0.2200 | 0.3100 | 0.0600 |
| Capex 1 | 16.8 | 115 | 15 | 32.9 | 276 | 290 |
| Capex / Sales | 1.48% | 10.31% | 1.04% | 1.51% | 11.44% | 9.54% |
| Announcement Date | 03/02/20 | 08/10/20 | 01/03/21 | 01/03/22 | 28/02/23 | 01/03/24 |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -5.52% | 19Cr | |
| -2.00% | 28TCr | |
| -5.38% | 9.19TCr | |
| -4.35% | 4.29TCr | |
| +0.75% | 4.12TCr | |
| +6.11% | 4TCr | |
| +5.54% | 3.88TCr | |
| -13.54% | 3.09TCr | |
| -11.43% | 2.72TCr | |
| +7.73% | 2.42TCr |
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