Company Valuation: Samart Digital

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,511 6,375 2,684 1,192 1,381 1,381
Change - 81.59% -57.9% -55.6% 15.85% 0%
Enterprise Value (EV) 1 6,710 9,322 5,532 3,181 2,889 2,613
Change - 38.92% -40.66% -42.5% -9.16% -9.58%
P/E -10.2x -17.7x -2.15x -0.8x 256x 22.4x
PBR 8.63x 8.29x 32.1x 5.99x 4.21x 3.55x
PEG - 3.65x -0x 0x -3x 0x
Capitalization / Revenue 5.36x 15.7x 4.21x 0.62x 2.13x 2.55x
EV / Revenue 10.2x 22.9x 8.68x 1.67x 4.46x 4.82x
EV / EBITDA 248x -175x -179x -479x 9.19x 7.83x
EV / EBIT -56.4x -61.8x -42.4x -19.5x 22.8x 16.6x
EV / FCF 19.2x -26.8x 20.5x -114x 196x 13.4x
FCF Yield 5.19% -3.73% 4.88% -0.88% 0.51% 7.49%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0303 -0.0288 -0.0882 -0.05 0.000156 0.001783
Distribution rate - - - - - -
Net sales 1 655.1 406.6 637.5 1,907 647.4 542.4
EBITDA 1 27.05 -53.27 -30.98 -6.64 314.4 333.8
EBIT 1 -118.9 -150.8 -130.6 -162.7 126.5 157.1
Net income 1 -342.9 -332.2 -1,175 -753.5 5.037 61.56
Net Debt 1 3,200 2,947 2,848 1,989 1,509 1,232
Reference price 2 0.3100 0.5100 0.1900 0.0400 0.0400 0.0400
Nbr of stocks (in thousands) 1,13,24,423 1,24,99,844 1,41,26,269 2,97,93,016 3,45,16,369 3,45,16,369
Announcement Date 23/02/21 24/02/22 23/02/23 22/02/24 20/02/25 26/02/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 3.07Cr
14.9x0.46x7.31x3.88% 2.09TCr
16.41x0.72x8.16x4.62% 549.85Cr
10.13x0.47x6.28x2.78% 427.75Cr
9.31x - - - 372.22Cr
13.42x0.39x8.42x2.53% 310.41Cr
7.78x0.14x2.84x2.21% 242.18Cr
15.95x0.92x12.23x3.83% 234.22Cr
Average 12.56x 0.52x 7.54x 3.31% 529.18Cr
Weighted average by Cap. 13.66x 0.50x 7.43x 3.65%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Samart Digital

Historical PBR trend

Valuation ratios - PBR - Samart Digital

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Samart Digital

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Samart Digital

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