Financials Ratchthani Leasing

Equities

THANI

TH0697010Z03

Consumer Lending

End-of-day quote Thailand S.E. 03:30:00 03/05/2024 am IST 5-day change 1st Jan Change
2.3 THB -1.71% Intraday chart for Ratchthani Leasing -4.17% -2.69%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 21,897 23,558 24,804 23,558 14,724 14,327 - -
Enterprise Value (EV) 1 21,897 23,558 24,804 23,558 14,724 14,327 14,327 14,327
P/E ratio 11.2 x 10.4 x 14.6 x 13.4 x 11.3 x 11.5 x 7.67 x 7.67 x
Yield 5.52% 4.09% 3.88% 4.09% - 4.35% 4.35% 8.7%
Capitalization / Revenue 6.79 x 7.36 x 7.49 x 6.7 x 4.3 x 4.46 x 4.45 x 4.39 x
EV / Revenue 6.79 x 7.36 x 7.49 x 6.7 x 4.3 x 4.46 x 4.45 x 4.39 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.85 x 1.78 x 2.14 x 1.91 x - 1 x 0.92 x 0.88 x
Nbr of stocks (in thousands) 41,52,889 62,29,331 62,29,331 62,29,331 62,29,331 62,29,331 - -
Reference price 2 5.273 3.782 3.982 3.782 2.364 2.300 2.300 2.300
Announcement Date 20/01/20 19/02/21 17/02/22 16/02/23 16/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,227 3,199 3,313 3,518 3,426 3,212 3,219 3,264
EBITDA - - - - - - - -
EBIT 1 2,657 2,662 2,729 3,670 2,689 2,475 2,461 2,482
Operating Margin 82.33% 83.2% 82.36% 104.32% 78.5% 77.05% 76.45% 76.04%
Earnings before Tax (EBT) 1 2,463 2,324 2,143 2,189 1,641 1,615 1,791 2,063
Net income 1 1,964 1,860 1,709 1,753 1,287 1,292 1,433 1,650
Net margin 60.85% 58.14% 51.59% 49.82% 37.57% 40.22% 44.52% 50.55%
EPS 2 0.4727 0.3636 0.2727 0.2818 0.2091 0.2000 0.3000 0.3000
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2909 0.1546 0.1546 0.1546 - 0.1000 0.1000 0.2000
Announcement Date 20/01/20 19/02/21 17/02/22 16/02/23 16/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2023 Q1 2023 Q2 2023 S1
Net sales 869.6 835.4 862.8 876.1 1,739 899.6 - - -
EBITDA - - - - - - - - -
EBIT 719 679.6 694.1 682.4 1,376 688.9 - - -
Operating Margin 82.69% 81.36% 80.44% 77.89% 79.16% 76.58% - - -
Earnings before Tax (EBT) - - - - - - - - -
Net income 1 - 453.7 455.1 492.3 947.4 452.5 450.2 425.1 875.3
Net margin - 54.32% 52.74% 56.2% 54.48% 50.3% - - -
EPS 2 - - 0.0727 0.0818 0.1546 0.0727 0.0727 0.0727 0.1364
Dividend per Share - - - - - - - - -
Announcement Date 12/11/21 17/02/22 11/05/22 21/08/22 21/08/22 10/11/22 11/05/23 11/08/23 11/08/23
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 26.4% 20.1% 15.3% 14.7% - 10% 10.5% 11.6%
ROA (Net income/ Total Assets) 3.99% 3.74% 3.5% 3.4% - 2.5% 2.9% 3.4%
Assets 1 49,206 49,700 48,870 51,565 - 51,680 49,414 48,529
Book Value Per Share 2 1.850 2.130 1.860 1.980 - 2.300 2.500 2.600
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 20/01/20 19/02/21 17/02/22 16/02/23 16/02/24 - - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
2.3 THB
Average target price
2.432 THB
Spread / Average Target
+5.73%
Consensus
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  2. Equities
  3. THANI Stock
  4. Financials Ratchthani Leasing