Financials Saksiam Leasing

Equities

SAK

THA054010006

Consumer Lending

End-of-day quote Thailand S.E. Other stock markets 03:30:00 16/05/2024 am IST			5-day change	1st Jan Change
5.25 ^THB	+5.00%		+2.94%	+26.20%

14/05	Saksiam Leasing Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
19/04	Saksiam Leasing Public Company Limited Approves Dividend from 01-Jan-2023 to 31-Dec-2023, Payable on May 17, 2024	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	17,711	21,170	12,786	8,719	11,004	-	-
Enterprise Value (EV) ¹	17,711	21,170	12,786	8,719	11,004	11,004	11,004
P/E ratio	24.1 x	34.8 x	17.9 x	11.6 x	13.1 x	10.9 x	9.78 x
Yield	1.28%	1.15%	2.25%	-	3.81%	2.67%	2.95%
Capitalization / Revenue	11 x	12.1 x	5.94 x	2.88 x	4 x	3.55 x	3.14 x
EV / Revenue	11 x	12.1 x	5.94 x	2.88 x	4 x	3.55 x	3.14 x
EV / EBITDA	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	2.99 x	4.33 x	2.38 x	-	1.75 x	1.59 x	1.45 x
Nbr of stocks (in thousands)	20,96,000	20,96,000	20,96,000	20,96,000	20,96,000	-	-
Reference price ²	8.450	10.10	6.100	4.160	5.250	5.250	5.250
Announcement Date	23/02/21	22/02/22	15/02/23	14/02/24	-	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,614	1,744	2,154	3,030	2,750	3,096	3,502
EBITDA	-	-	-	-	-	-	-
EBIT ¹	831.7	821.9	1,014	1,712	1,241	1,413	1,598
Operating Margin	51.54%	47.13%	47.1%	56.49%	45.12%	45.63%	45.63%
Earnings before Tax (EBT) ¹	700.3	758.3	888	936.4	1,089	1,225	1,393
Net income ¹	561.9	607.5	712.1	750	872.2	979.9	1,114
Net margin	34.82%	34.84%	33.06%	24.75%	31.72%	31.65%	31.82%
EPS ²	0.3500	0.2900	0.3400	0.3600	0.4000	0.4833	0.5367
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.1080	0.1160	0.1370	-	0.2000	0.1400	0.1550
Announcement Date	23/02/21	22/02/22	15/02/23	14/02/24	-	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 S1	2022 Q3	2024 Q1
Net sales ¹	489.1	493.8	524.1	1,018	517.5	634.7
EBITDA	-	-	-	-	-	-
EBIT ¹	254.3	-	245	480.2	260.3	283.3
Operating Margin	52%	-	46.74%	47.17%	50.29%	44.64%
Earnings before Tax (EBT)	232.2	-	-	-	-	-
Net income	185.3	164.9	166.4	-	171.5	-
Net margin	37.89%	33.39%	31.74%	-	33.13%	-
EPS	0.0900	0.0800	0.0800	-	0.0800	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	22/02/22	12/05/22	11/08/22	11/08/22	12/11/22	14/05/24

¹THB in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	15.4%	12.9%	13.9%	-	14.4%	14.8%	15.4%
ROA (Net income/ Total Assets)	7.05%	6.64%	6.73%	-	6.2%	6.2%	6.23%
Assets ¹	7,968	9,154	10,577	-	14,068	15,804	17,878
Book Value Per Share ²	2.820	2.330	2.560	-	3.000	3.300	3.610
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	23/02/21	22/02/22	15/02/23	14/02/24	-	-	-

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

Ratings for Saksiam Leasing

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.25 THB

Average target price

5.993 THB

Spread / Average Target

+14.16%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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