Financials Siam Global House

Equities

GLOBAL

TH0991010008

Home Improvement Products & Services Retailers

End-of-day quote Thailand S.E. 03:30:00 26/04/2024 am IST 5-day change 1st Jan Change
15.7 THB -3.09% Intraday chart for Siam Global House -1.88% -5.07%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 68,065 74,827 92,033 1,07,559 86,031 81,669 - -
Enterprise Value (EV) 1 82,762 89,078 1,06,657 1,19,477 86,031 91,943 92,449 93,373
P/E ratio 32.5 x 38.6 x 27.5 x 30.8 x 32.2 x 26.6 x 23.7 x 21.4 x
Yield 1.27% 1.09% 1.27% - - 1.62% 1.82% 1.93%
Capitalization / Revenue 2.42 x 2.79 x 2.75 x 3.05 x 2.66 x 2.35 x 2.16 x 2.01 x
EV / Revenue 2.95 x 3.32 x 3.18 x 3.39 x 2.66 x 2.65 x 2.45 x 2.3 x
EV / EBITDA 21.9 x 23.3 x 19.4 x 21.2 x 18.4 x 17.1 x 15.6 x 14.4 x
EV / FCF -62 x 33.8 x 79.2 x 35.2 x - 87.1 x 59.3 x 38.9 x
FCF Yield -1.61% 2.96% 1.26% 2.84% - 1.15% 1.69% 2.57%
Price to Book 4.28 x 4.41 x 4.7 x 4.94 x - 3.23 x 3.02 x 2.84 x
Nbr of stocks (in thousands) 52,01,907 52,01,903 52,01,889 52,01,881 52,01,875 52,01,875 - -
Reference price 2 13.08 14.38 17.69 20.68 16.54 15.70 15.70 15.70
Announcement Date 26/02/20 11/02/21 14/02/22 13/02/23 12/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 28,081 26,803 33,498 35,270 32,301 34,709 37,810 40,534
EBITDA 1 3,776 3,816 5,506 5,649 4,673 5,377 5,942 6,464
EBIT 1 2,846 2,653 4,242 4,403 3,450 3,812 4,407 4,959
Operating Margin 10.13% 9.9% 12.66% 12.48% 10.68% 10.98% 11.66% 12.23%
Earnings before Tax (EBT) 1 2,607 2,430 4,142 4,330 3,298 3,683 4,145 4,558
Net income 1 2,093 1,956 3,344 3,487 2,671 3,023 3,396 3,750
Net margin 7.45% 7.3% 9.98% 9.89% 8.27% 8.71% 8.98% 9.25%
EPS 2 0.4025 0.3723 0.6428 0.6703 0.5136 0.5897 0.6620 0.7344
Free Cash Flow 1 -1,335 2,637 1,347 3,395 - 1,056 1,560 2,403
FCF margin -4.75% 9.84% 4.02% 9.63% - 3.04% 4.12% 5.93%
FCF Conversion (EBITDA) - 69.1% 24.46% 60.1% - 19.64% 26.25% 37.18%
FCF Conversion (Net income) - 134.82% 40.29% 97.37% - 34.93% 45.93% 64.09%
Dividend per Share 2 0.1658 0.1566 0.2254 - - 0.2540 0.2850 0.3023
Announcement Date 26/02/20 11/02/21 14/02/22 13/02/23 12/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales 1 - 17,896 7,685 8,246 9,667 9,220 18,853 8,170 7,699 8,990 8,503 17,437 7,340 7,523 8,703 -
EBITDA 1 - 3,065 1,164 1,253 1,756 1,435 3,019 1,278 980.7 1,416 1,240 2,692 986.1 1,052 1,424 -
EBIT 1 - 2,467 840.5 934.9 1,444 1,322 2,766 961.5 675.2 1,129 916.1 2,045 672.3 732.8 700 -
Operating Margin - 13.78% 10.94% 11.34% 14.94% 14.34% 14.67% 11.77% 8.77% 12.56% 10.77% 11.73% 9.16% 9.74% 8.04% -
Earnings before Tax (EBT) 1 - 2,403 816 923 1,439 1,284 2,723 957.8 649.6 1,060 872.2 - 644.5 685.9 797 -
Net income 1 1,032 1,938 659.1 746.4 1,157 1,028 2,185 774.5 527.3 882.6 703.4 1,586 525.1 560.3 743.8 705
Net margin - 10.83% 8.58% 9.05% 11.96% 11.16% 11.59% 9.48% 6.85% 9.82% 8.27% 9.1% 7.15% 7.45% 8.55% -
EPS 2 - 0.3750 0.1267 0.1433 0.2308 0.1977 0.4201 0.1489 0.1014 0.1767 0.1352 0.3049 0.1010 0.1077 0.1467 -
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 26/02/20 30/07/21 01/11/21 14/02/22 03/05/22 01/08/22 01/08/22 27/10/22 13/02/23 01/05/23 27/07/23 27/07/23 31/10/23 12/02/24 - -
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 14,697 14,251 14,624 11,918 - 10,274 10,780 11,704
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.892 x 3.734 x 2.656 x 2.11 x - 1.911 x 1.814 x 1.811 x
Free Cash Flow 1 -1,335 2,637 1,347 3,395 - 1,056 1,560 2,403
ROE (net income / shareholders' equity) 13.7% 11.9% 18.3% 16.9% - 12.4% 13.1% 13.7%
ROA (Net income/ Total Assets) 6.25% 5.43% 8.88% 8.89% - 7.79% 8.17% 8.7%
Assets 1 33,501 36,003 37,649 39,211 - 38,811 41,537 43,082
Book Value Per Share 2 3.060 3.260 3.760 4.190 - 4.860 5.200 5.530
Cash Flow per Share 2 0.2900 0.8800 0.6200 0.9300 - 0.7700 0.9400 1.020
Capex 1 2,865 2,193 1,857 1,440 - 2,288 2,558 2,267
Capex / Sales 10.2% 8.18% 5.54% 4.08% - 6.59% 6.76% 5.59%
Announcement Date 26/02/20 11/02/21 14/02/22 13/02/23 12/02/24 - - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
14
Last Close Price
15.7 THB
Average target price
16.99 THB
Spread / Average Target
+8.19%
Consensus
  1. Stock Market
  2. Equities
  3. GLOBAL Stock
  4. Financials Siam Global House