Financials Prinsiri

Equities

PRIN

TH0865010001

Real Estate Development & Operations

End-of-day quote Thailand S.E. 03:30:00 03/05/2024 am IST 5-day change 1st Jan Change
2.86 THB +0.70% Intraday chart for Prinsiri +0.70% -1.38%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,915 1,854 2,208 3,026 3,758 3,538
Enterprise Value (EV) 1 5,426 5,492 5,503 6,919 8,697 9,190
P/E ratio 8 x 15.4 x 7.31 x 10.5 x 9.6 x 13.9 x
Yield 2.55% 1.97% 3.31% 3.02% 3.15% -
Capitalization / Revenue 0.77 x 1.03 x 0.92 x 1.33 x 1.5 x 1.57 x
EV / Revenue 2.18 x 3.06 x 2.3 x 3.04 x 3.48 x 4.09 x
EV / EBITDA 12.6 x 21 x 11.1 x 13.2 x 12.8 x 18.2 x
EV / FCF -26 x -8.57 x 4.15 x 36.7 x -239 x -17.9 x
FCF Yield -3.85% -11.7% 24.1% 2.73% -0.42% -5.59%
Price to Book 0.45 x 0.42 x 0.48 x 0.62 x 0.73 x 0.67 x
Nbr of stocks (in thousands) 12,20,012 12,20,012 12,20,012 12,20,012 12,20,012 12,20,012
Reference price 2 1.570 1.520 1.810 2.480 3.080 2.900
Announcement Date 26/02/19 27/02/20 25/02/21 24/02/22 27/02/23 22/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,487 1,793 2,390 2,279 2,500 2,247
EBITDA 1 429.4 261.6 495.3 523.7 680.3 504.1
EBIT 1 373.1 208.5 450.8 479.5 638.2 464.2
Operating Margin 15% 11.63% 18.86% 21.04% 25.53% 20.65%
Earnings before Tax (EBT) 1 316.7 165 390.5 338.6 509.6 329.7
Net income 1 239.3 120.1 302.2 287.9 391.6 255.2
Net margin 9.62% 6.7% 12.65% 12.63% 15.67% 11.36%
EPS 2 0.1962 0.0984 0.2477 0.2360 0.3210 0.2092
Free Cash Flow 1 -208.8 -640.7 1,325 188.7 -36.42 -513.7
FCF margin -8.4% -35.73% 55.44% 8.28% -1.46% -22.86%
FCF Conversion (EBITDA) - - 267.45% 36.03% - -
FCF Conversion (Net income) - - 438.31% 65.55% - -
Dividend per Share 2 0.0400 0.0300 0.0600 0.0750 0.0970 -
Announcement Date 26/02/19 27/02/20 25/02/21 24/02/22 27/02/23 22/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,510 3,638 3,295 3,893 4,939 5,651
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 8.175 x 13.91 x 6.653 x 7.434 x 7.26 x 11.21 x
Free Cash Flow 1 -209 -641 1,325 189 -36.4 -514
ROE (net income / shareholders' equity) 5.69% 2.78% 6.7% 6.07% 7.83% 4.89%
ROA (Net income/ Total Assets) 2.77% 1.46% 3.01% 2.92% 3.49% 2.43%
Assets 1 8,649 8,241 10,031 9,868 11,233 10,507
Book Value Per Share 2 3.500 3.600 3.800 3.980 4.220 4.330
Cash Flow per Share 2 0.1600 0.2800 0.1300 0.3700 0.2500 0.1700
Capex 1 40.8 9.86 14.6 1.5 9.25 9.44
Capex / Sales 1.64% 0.55% 0.61% 0.07% 0.37% 0.42%
Announcement Date 26/02/19 27/02/20 25/02/21 24/02/22 27/02/23 22/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA