Financials Rojana Industrial Park

Equities

ROJNA

TH0477010Y01

Electric Utilities

End-of-day quote Thailand S.E. 03:30:00 03/05/2024 am IST 5-day change 1st Jan Change
7.35 THB -3.92% Intraday chart for Rojana Industrial Park 0.00% +25.64%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,304 9,090 13,436 12,628 11,820 14,850 - -
Enterprise Value (EV) 1 10,304 9,090 13,436 12,628 11,820 14,850 14,850 14,850
P/E ratio 5.6 x 6.62 x 6.93 x 11.1 x 12.1 x 7.21 x 7.1 x 6.5 x
Yield - 4.44% 3.01% 4.8% - 5.71% 5.44% 6.26%
Capitalization / Revenue 0.84 x 0.75 x 1.07 x 0.74 x 0.61 x 0.77 x 0.75 x 0.69 x
EV / Revenue 0.84 x 0.75 x 1.07 x 0.74 x 0.61 x 0.77 x 0.75 x 0.69 x
EV / EBITDA 3.05 x 1.97 x 3.96 x 4.36 x 2.45 x 2.78 x 2.89 x 2.5 x
EV / FCF - - - 50.2 x - 14.1 x 5.66 x -
FCF Yield - - - 1.99% - 7.07% 17.7% -
Price to Book - 0.62 x 0.83 x 0.75 x - 0.81 x 0.76 x -
Nbr of stocks (in thousands) 20,20,462 20,19,962 20,20,462 20,20,462 20,20,462 20,20,462 - -
Reference price 2 5.100 4.500 6.650 6.250 5.850 7.350 7.350 7.350
Announcement Date 27/02/20 01/03/21 25/02/22 28/02/23 23/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 12,304 12,154 12,559 17,168 19,275 19,183 19,765 21,544
EBITDA 1 3,380 4,621 3,395 2,894 4,829 5,341 5,142 5,945
EBIT 1 - - - 1,264 3,097 3,444 3,337 -
Operating Margin - - - 7.36% 16.07% 17.95% 16.88% -
Earnings before Tax (EBT) 1 - - - - 1,114 2,533 2,408 2,996
Net income 1 1,838 1,383 1,938 1,140 980.1 2,063 2,104 2,274
Net margin 14.94% 11.38% 15.43% 6.64% 5.08% 10.75% 10.65% 10.56%
EPS 2 0.9100 0.6800 0.9590 0.5640 0.4850 1.020 1.035 1.130
Free Cash Flow 1 - - - 251.7 - 1,050 2,623 -
FCF margin - - - 1.47% - 5.47% 13.27% -
FCF Conversion (EBITDA) - - - 8.7% - 19.66% 51.01% -
FCF Conversion (Net income) - - - 22.08% - 50.9% 124.67% -
Dividend per Share 2 - 0.2000 0.2000 0.3000 - 0.4200 0.4000 0.4600
Announcement Date 27/02/20 01/03/21 25/02/22 28/02/23 23/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 3,081 3,644 3,996 3,789 4,044 5,340 5,273 4,584 4,456 4,963
EBITDA - 793.6 - - - 1,324 - - - -
EBIT - 861.3 - - - 917.9 - - - -
Operating Margin - 23.64% - - - 17.19% - - - -
Earnings before Tax (EBT) - - - -745.8 - 990.5 - - - -
Net income 1 891 480.1 825.1 -592.3 47.95 859 194.9 -146.9 267.7 664.3
Net margin 28.92% 13.18% 20.65% -15.63% 1.19% 16.09% 3.7% -3.2% 6.01% 13.39%
EPS - 0.2373 - -0.2930 - 0.4250 - - - -
Dividend per Share - 0.2000 - - - - - - - -
Announcement Date 15/11/21 25/02/22 17/05/22 11/08/22 14/11/22 28/02/23 15/05/23 15/08/23 14/11/23 23/02/24
1THB in Million
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 1 - - - 252 - 1,050 2,623 -
ROE (net income / shareholders' equity) 14% 9.69% 12.6% 6.92% - 10% 10.4% 9.9%
ROA (Net income/ Total Assets) - 2.79% 3.97% 2.36% - 4.4% 4.45% 5.3%
Assets 1 - 49,606 48,802 48,214 - 46,886 47,281 42,906
Book Value Per Share 2 - 7.290 7.960 8.330 - 9.100 9.700 -
Cash Flow per Share 2 - - - 0.5400 - 1.000 1.700 -
Capex 1 - - 623 839 - 900 900 -
Capex / Sales - - 4.96% 4.89% - 4.69% 4.55% -
Announcement Date 27/02/20 01/03/21 25/02/22 28/02/23 23/02/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
7.35 THB
Average target price
8.6 THB
Spread / Average Target
+17.01%
Consensus
  1. Stock Market
  2. Equities
  3. ROJNA Stock
  4. Financials Rojana Industrial Park