Company Valuation: Starflex

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,141 2,444 2,835 2,220 2,356 2,366 - -
Change - -40.99% 16% -21.67% 6.1% 0.43% - -
Enterprise Value (EV) 4,141 2,444 2,835 2,832 2,913 2,366 2,366 2,366
Change - -40.99% 16% -0.1% 2.86% -18.77% 0% 0%
P/E 28.1x 42.6x 15.6x 7.94x 9.81x 9.47x 9.47x 9.2x
PBR - - 2.85x 1.96x 2.08x 2.08x 2.03x 1.98x
PEG - -0.7x 0x 0.1x -0.9x 1.52x - 3.13x
Capitalization / Revenue 2.47x 1.46x 1.58x 1.19x 1.2x 1.14x 1.09x 1.03x
EV / Revenue 0x 0x 0x 0x 0x 1.14x 1.09x 1.03x
EV / EBITDA 0x 0x 0x 0x 0x 5.99x 6.02x 5.63x
EV / EBIT - - 0x 0x 0x 7.32x 7.42x 6.88x
EV / FCF -0x 0x 0x 0x 0x 15.9x 10.6x 10.2x
FCF Yield -3.15% 1.27% 6.65% 4.86% 12.6% 6.29% 9.44% 9.81%
Dividend per Share 2 0.085 - 0.075 0.133 0.104 0.12 0.12 0.12
Rate of return 1.68% - 2.09% 4.65% 3.31% 3.73% 3.73% 3.73%
EPS 2 0.18 0.07 0.23 0.36 0.32 0.34 0.34 0.35
Distribution rate 47.2% - 32.6% 36.9% 32.5% 35.3% 35.3% 34.3%
Net sales 1 1,674 1,669 1,795 1,869 1,963 2,081 2,176 2,306
EBITDA 1 222.9 124.2 265.2 332.5 332.6 395 393 420
EBIT 1 - - 207 266.2 261.9 323 319 344
Net income 1 149.8 55.07 184.3 280.8 243.2 267 269 274
Net Debt - - - 611.4 556.9 - - -
Reference price 2 5.050 2.980 3.580 2.860 3.140 3.220 3.220 3.220
Nbr of stocks (in thousands) 8,20,000 8,20,000 7,91,793 7,76,337 7,50,235 7,34,773 - -
Announcement Date 25/02/22 22/02/23 27/02/24 26/02/25 25/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.47x - - 3.73% 7.19Cr
17.87x1.49x10.32x1.28% 1.66TCr
19.24x1.85x11.3x2.17% 1.39TCr
15.74x1.29x8.42x1.2% 1.26TCr
18.78x2.23x10.59x1.49% 1.2TCr
28.27x1.07x7.97x2.87% 868.83Cr
15.55x - - 2.56% 455.35Cr
12.96x1.04x7.11x2.04% 435.3Cr
16.36x2.15x9.45x5.84% 300.91Cr
Average 17.14x 1.59x 9.31x 2.57% 840.61Cr
Weighted average by Cap. 18.61x 1.60x 9.70x 1.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield