Financials Southern Concrete Pile

Equities

SCP

TH0240010Z02

Construction Materials

End-of-day quote Thailand S.E. 03:30:00 03/07/2024 am IST 5-day change 1st Jan Change
6.65 THB -0.75% Intraday chart for Southern Concrete Pile 0.00% +27.88%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,550 1,770 1,775 1,767 1,406 1,468
Enterprise Value (EV) 1 1,730 798.8 743.9 714.4 349.5 267.2
P/E ratio 8.87 x 7.26 x 8.39 x 19.7 x 18.2 x 10 x
Yield 5.88% 6.78% 6.23% 2.46% 3.01% 6.73%
Capitalization / Revenue 1.23 x 0.9 x 1.06 x 1.13 x 0.87 x 0.79 x
EV / Revenue 0.84 x 0.41 x 0.44 x 0.46 x 0.22 x 0.14 x
EV / EBITDA 4.08 x 2.07 x 2.12 x 5.66 x 2 x 1.12 x
EV / FCF 12.4 x 3.57 x 4.54 x 11.3 x 4.52 x 1.37 x
FCF Yield 8.06% 28% 22% 8.85% 22.1% 72.8%
Price to Book 1.3 x 0.87 x 0.86 x 0.85 x 0.68 x 0.68 x
Nbr of stocks (in thousands) 3,00,000 3,00,000 2,91,000 2,89,702 2,82,300 2,82,300
Reference price 2 8.500 5.900 6.100 6.100 4.980 5.200
Announcement Date 22/02/19 28/02/20 25/02/21 25/02/22 24/02/23 29/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,065 1,960 1,677 1,567 1,622 1,859
EBITDA 1 423.6 386 351 126.2 175 238.4
EBIT 1 357.9 310.6 278.6 121.8 105.6 185.8
Operating Margin 17.33% 15.85% 16.61% 7.77% 6.51% 9.99%
Earnings before Tax (EBT) 1 357.5 305.5 274.2 121.6 103.3 183.4
Net income 1 287.4 243.8 215.6 90.31 77.9 146.5
Net margin 13.91% 12.44% 12.86% 5.76% 4.8% 7.88%
EPS 2 0.9580 0.8128 0.7273 0.3104 0.2740 0.5190
Free Cash Flow 1 139.4 223.7 164 63.22 77.36 194.6
FCF margin 6.75% 11.41% 9.78% 4.03% 4.77% 10.47%
FCF Conversion (EBITDA) 32.91% 57.94% 46.71% 50.09% 44.2% 81.64%
FCF Conversion (Net income) 48.51% 91.73% 76.04% 70.01% 99.31% 132.84%
Dividend per Share 2 0.5000 0.4000 0.3800 0.1500 0.1500 0.3500
Announcement Date 22/02/19 28/02/20 25/02/21 25/02/22 24/02/23 29/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 820 971 1,031 1,053 1,056 1,201
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 139 224 164 63.2 77.4 195
ROE (net income / shareholders' equity) 15.3% 12.2% 10.5% 4.36% 3.77% 6.96%
ROA (Net income/ Total Assets) 9.9% 8.21% 7.29% 3.19% 2.8% 4.79%
Assets 1 2,903 2,969 2,959 2,832 2,786 3,059
Book Value Per Share 2 6.540 6.780 7.120 7.150 7.310 7.600
Cash Flow per Share 2 0.7800 1.350 0.9000 1.880 2.310 1.860
Capex 1 76 78 85.4 24.6 44.1 32.7
Capex / Sales 3.68% 3.98% 5.09% 1.57% 2.72% 1.76%
Announcement Date 22/02/19 28/02/20 25/02/21 25/02/22 24/02/23 29/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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