Financials Shrinkflex (Thailand)

Equities

SFT

TH9975010009

Non-Paper Containers & Packaging

End-of-day quote Thailand S.E. 03:30:00 15/05/2024 am IST 5-day change 1st Jan Change
3.88 THB -0.51% Intraday chart for Shrinkflex (Thailand) -0.51% -4.90%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 1,980 3,102 2,112 1,795
Enterprise Value (EV) 1 1,800 2,989 2,193 1,971
P/E ratio 16.7 x 27.8 x 33.5 x 59.4 x
Yield 1.58% 1.44% 1.46% 1.12%
Capitalization / Revenue 2.92 x 3.89 x 2.45 x 1.94 x
EV / Revenue 2.65 x 3.75 x 2.55 x 2.13 x
EV / EBITDA 12.7 x 18 x 18.1 x 18.3 x
EV / FCF -77.8 x -43.3 x -18.6 x -19.2 x
FCF Yield -1.28% -2.31% -5.37% -5.22%
Price to Book 3.01 x 4.2 x 2.79 x 2.37 x
Nbr of stocks (in thousands) 4,40,000 4,40,000 4,40,000 4,40,000
Reference price 2 4.500 7.050 4.800 4.080
Announcement Date 23/02/21 28/02/22 22/02/23 19/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 430.7 586.4 678.2 796.7 860.9 924.4
EBITDA 1 67.42 540.2 141.8 166.5 121.2 107.7
EBIT 1 42.81 507.4 110.3 130.7 81.34 45.78
Operating Margin 9.94% 86.53% 16.26% 16.4% 9.45% 4.95%
Earnings before Tax (EBT) 1 38.64 71.22 97.73 139.7 78.69 38.51
Net income 1 30.84 56.9 78.18 111.7 63.06 30.22
Net margin 7.16% 9.7% 11.53% 14.03% 7.33% 3.27%
EPS 2 0.2804 0.3036 0.2688 0.2540 0.1433 0.0687
Free Cash Flow 1 -11.82 270.7 -23.13 -68.97 -117.9 -102.8
FCF margin -2.74% 46.16% -3.41% -8.66% -13.69% -11.13%
FCF Conversion (EBITDA) - 50.1% - - - -
FCF Conversion (Net income) - 475.72% - - - -
Dividend per Share - - 0.0711 0.1015 0.0700 0.0455
Announcement Date 15/06/20 15/06/20 23/02/21 28/02/22 22/02/23 19/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 62.1 110 - - 81.4 176
Net Cash position 1 - - 180 113 - -
Leverage (Debt/EBITDA) 0.9215 x 0.2043 x - - 0.6717 x 1.633 x
Free Cash Flow 1 -11.8 271 -23.1 -69 -118 -103
ROE (net income / shareholders' equity) 14.9% 25.3% 17.7% 16% 8.44% 4%
ROA (Net income/ Total Assets) 8.23% 80.7% 10.9% 9.14% 5.11% 2.66%
Assets 1 374.8 70.5 719.2 1,222 1,234 1,135
Book Value Per Share 2 2.020 1.140 1.490 1.680 1.720 1.720
Cash Flow per Share 2 0.0900 0.0200 0.2500 0.2300 0.0700 0.0400
Capex 1 40.3 57.2 110 116 219 140
Capex / Sales 9.36% 9.75% 16.2% 14.55% 25.44% 15.11%
Announcement Date 15/06/20 15/06/20 23/02/21 28/02/22 22/02/23 19/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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