SIAM WELLNESS GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.8 THB | -2.50% |
|
-8.24% | +0.86% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,265 | 5,942 | 5,771 | 10,089 | 9,918 | 10,003 | - | - |
| Enterprise Value (EV) 1 | 8,304 | 6,219 | 6,183 | 10,516 | 9,918 | 10,398 | 10,118 | 9,798 |
| P/E ratio | 33.6 x | -28.4 x | -20.1 x | -115 x | 29.9 x | 30.1 x | 26.6 x | 25.4 x |
| Yield | 1.03% | - | - | - | - | 1.3% | 1.45% | 1.88% |
| Capitalization / Revenue | 5.97 x | 13.9 x | 34.4 x | 14.2 x | 6.86 x | 5.76 x | 5.05 x | 4.57 x |
| EV / Revenue | 6 x | 14.6 x | 36.9 x | 14.8 x | 6.86 x | 5.99 x | 5.11 x | 4.47 x |
| EV / EBITDA | 21 x | 778 x | 90.7 x | 39.7 x | 17.3 x | 14.8 x | 13.3 x | 11.6 x |
| EV / FCF | 49.6 x | -57.4 x | -55.9 x | 151 x | - | 23.1 x | 19.3 x | 16.8 x |
| FCF Yield | 2.02% | -1.74% | -1.79% | 0.66% | - | 4.32% | 5.17% | 5.94% |
| Price to Book | 7.3 x | 6.56 x | 9.33 x | - | - | 8.52 x | 7.15 x | 5.32 x |
| Nbr of stocks (in thousands) | 12,82,500 | 12,82,500 | 12,82,500 | 12,82,500 | 12,82,500 | 12,82,500 | - | - |
| Reference price 2 | 6.444 | 4.633 | 4.500 | 7.867 | 7.733 | 7.800 | 7.800 | 7.800 |
| Announcement Date | 01/03/20 | 22/02/21 | 28/02/22 | 27/02/23 | 26/02/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,384 | 426.9 | 167.6 | 711.3 | 1,446 | 1,736 | 1,982 | 2,190 |
| EBITDA 1 | 396.2 | 7.996 | 68.15 | 265 | 573.4 | 702.8 | 758.7 | 845.7 |
| EBIT 1 | 278.6 | -198.4 | -258.6 | -46.71 | 297.4 | 388.6 | 469.9 | 496 |
| Operating Margin | 20.13% | -46.47% | -154.28% | -6.57% | 20.56% | 22.39% | 23.71% | 22.65% |
| Earnings before Tax (EBT) 1 | 287.5 | -211.2 | -295.4 | -87.06 | 277.1 | 372.2 | 460.1 | 506.5 |
| Net income 1 | 245.5 | -209.1 | -286.7 | -88.03 | 332.1 | 341.6 | 392 | 463.7 |
| Net margin | 17.74% | -48.98% | -171.06% | -12.38% | 22.97% | 19.68% | 19.78% | 21.17% |
| EPS 2 | 0.1916 | -0.1633 | -0.2233 | -0.0687 | 0.2587 | 0.2590 | 0.2933 | 0.3067 |
| Free Cash Flow 1 | 167.5 | -108.4 | -110.7 | 69.8 | - | 449.7 | 523.1 | 582.3 |
| FCF margin | 12.11% | -25.39% | -66.04% | 9.81% | - | 25.9% | 26.4% | 26.59% |
| FCF Conversion (EBITDA) | 42.29% | - | - | 26.34% | - | 63.98% | 68.95% | 68.86% |
| FCF Conversion (Net income) | 68.25% | - | - | - | - | 131.64% | 133.47% | 125.59% |
| Dividend per Share 2 | 0.0667 | - | - | - | - | 0.1013 | 0.1133 | 0.1467 |
| Announcement Date | 01/03/20 | 22/02/21 | 28/02/22 | 27/02/23 | 26/02/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q3 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 13.04 | 110 | 132.4 | - | 195.8 | 273 | 320.2 | 356.3 | 383.8 | 385.8 | 396 |
| EBITDA | - | 11.59 | 27.7 | 56.34 | 88.16 | 77.17 | 107.6 | 134.8 | 139.6 | 159.4 | 144.8 | - |
| EBIT 1 | - | -70.87 | -47.99 | -18.56 | -62.44 | -4.593 | 26.19 | 61.46 | 69.69 | 86.6 | 79.63 | 93 |
| Operating Margin | - | -543.58% | -43.62% | -14.01% | - | -2.35% | 9.59% | 19.19% | 19.56% | 22.56% | 20.64% | 23.48% |
| Earnings before Tax (EBT) 1 | -168.3 | -80.02 | - | -29.39 | -83.67 | -16.16 | 12.77 | 51.91 | 59.29 | 81.46 | 84.44 | 85 |
| Net income 1 | -162.9 | -77.85 | -57.44 | -29.26 | -86.7 | -14.98 | 13.66 | 50.46 | 60.12 | 81.5 | 140.1 | 82.5 |
| Net margin | - | -597.12% | -52.2% | -22.1% | - | -7.65% | 5% | 15.76% | 16.87% | 21.23% | 36.31% | 20.83% |
| EPS 2 | -0.1267 | -0.0607 | -0.0447 | -0.0227 | -0.0673 | -0.0120 | 0.0107 | 0.0393 | 0.0467 | 0.0633 | 0.1087 | 0.0667 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 09/08/21 | 12/11/21 | 16/05/22 | 10/08/22 | 10/08/22 | 09/11/22 | 27/02/23 | 14/05/23 | 10/08/23 | 10/11/23 | 26/02/24 | - |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 39.5 | 277 | 412 | 427 | - | 395 | 115 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 205 |
| Leverage (Debt/EBITDA) | 0.0996 x | 34.6 x | 6.042 x | 1.61 x | - | 0.5621 x | 0.1509 x | - |
| Free Cash Flow 1 | 168 | -108 | -111 | 69.8 | - | 450 | 523 | 582 |
| ROE (net income / shareholders' equity) | 23.4% | -20.5% | -37.6% | -14.8% | - | 34% | 31.4% | 28.7% |
| ROA (Net income/ Total Assets) | 17% | -10.1% | -11.7% | -3.76% | - | 16.1% | 16.1% | 18.6% |
| Assets 1 | 1,443 | 2,074 | 2,445 | 2,338 | - | 2,122 | 2,438 | 2,493 |
| Book Value Per Share 2 | 0.8800 | 0.7100 | 0.4800 | - | - | 0.9200 | 1.090 | 1.470 |
| Cash Flow per Share 2 | 0.2500 | 0.0300 | -0.0600 | 0.1500 | - | 0.5300 | 0.5200 | 0.6000 |
| Capex 1 | 158 | 141 | 29.8 | 117 | - | 185 | 165 | 164 |
| Capex / Sales | 11.41% | 33.06% | 17.78% | 16.44% | - | 10.66% | 8.33% | 7.49% |
| Announcement Date | 01/03/20 | 22/02/21 | 28/02/22 | 27/02/23 | 26/02/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
7.8
THB
Average target price
10.07
THB
Spread / Average Target
+29.05%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.86% | 272M | |
| +43.50% | 495M | |
| -26.67% | 396M | |
| -20.11% | 212M | |
| -23.87% | 97.99M | |
| -4.95% | 81.73M | |
| -22.13% | 67.74M | |
| -12.41% | 65.03M | |
| -27.16% | 62.01M | |
| -.--% | 61.81M |
- Stock Market
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- SPA Stock
- Financials Siam Wellness Group