Financials SiamEast Solutions

Equities

SE

TH7753010001

Industrial Machinery & Equipment

End-of-day quote Thailand S.E. 03:30:00 31/05/2024 am IST 5-day change 1st Jan Change
0.78 THB +1.30% Intraday chart for SiamEast Solutions -2.50% -9.30%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 456 446.4 309.6 929.8 838.6 584.3
Enterprise Value (EV) 1 370.3 369.1 253.5 921.6 768.2 518.3
P/E ratio 17.2 x 12.6 x 7.63 x 20.7 x 12.3 x 9.38 x
Yield 2.11% 2.69% 0.43% 0.19% 3.29% 3.08%
Capitalization / Revenue 1.12 x 0.94 x 0.69 x 1.9 x 1.38 x 0.9 x
EV / Revenue 0.91 x 0.78 x 0.56 x 1.89 x 1.27 x 0.8 x
EV / EBITDA 12.4 x 8.76 x 7.92 x 36.7 x 13.3 x 8.88 x
EV / FCF 128 x -22.9 x -24 x 15.7 x 16.7 x 106 x
FCF Yield 0.78% -4.37% -4.16% 6.38% 5.99% 0.94%
Price to Book 1.47 x 1.32 x 0.85 x 2.81 x 2.12 x 1.35 x
Nbr of stocks (in thousands) 2,87,467 2,87,467 2,87,467 6,79,464 6,79,455 6,79,455
Reference price 2 1.586 1.553 1.077 1.368 1.234 0.8600
Announcement Date 26/02/19 25/02/20 23/02/21 28/02/22 24/02/23 28/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 405.4 474.9 449.3 488.4 605.6 646.5
EBITDA 1 29.87 42.13 31.99 25.08 57.62 58.34
EBIT 1 24.76 35.58 29.18 21.29 54.45 55.41
Operating Margin 6.11% 7.49% 6.5% 4.36% 8.99% 8.57%
Earnings before Tax (EBT) 1 31.54 42.34 45.86 46.17 79.25 74.8
Net income 1 26.56 35.45 40.58 34.87 66.75 61.43
Net margin 6.55% 7.46% 9.03% 7.14% 11.02% 9.5%
EPS 2 0.0924 0.1233 0.1412 0.0660 0.1001 0.0916
Free Cash Flow 1 2.886 -16.11 -10.54 58.78 46.04 4.878
FCF margin 0.71% -3.39% -2.35% 12.03% 7.6% 0.75%
FCF Conversion (EBITDA) 9.66% - - 234.35% 79.9% 8.36%
FCF Conversion (Net income) 10.87% - - 168.55% 68.97% 7.94%
Dividend per Share 2 0.0334 0.0417 0.004600 0.002600 0.0406 0.0265
Announcement Date 26/02/19 25/02/20 23/02/21 28/02/22 24/02/23 28/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 85.7 77.3 56.1 8.17 70.4 66
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 2.89 -16.1 -10.5 58.8 46 4.88
ROE (net income / shareholders' equity) 8.7% 10.9% 11.6% 10.2% 18.7% 15.2%
ROA (Net income/ Total Assets) 3.76% 5.11% 3.94% 2.49% 6.51% 6.16%
Assets 1 706.6 693.4 1,031 1,400 1,025 996.5
Book Value Per Share 2 1.080 1.170 1.270 0.4900 0.5800 0.6300
Cash Flow per Share 2 0.3000 0.2700 0.2400 0.0900 0.1500 0.1200
Capex 1 9.51 2.36 0.41 0.86 3.03 4.06
Capex / Sales 2.35% 0.5% 0.09% 0.18% 0.5% 0.63%
Announcement Date 26/02/19 25/02/20 23/02/21 28/02/22 24/02/23 28/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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