Company Valuation: Supalai

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 44,223 47,459 36,327 35,546 32,070 30,398 - -
Change - 7.32% -23.46% -2.15% -9.78% -5.21% - -
Enterprise Value (EV) 1 62,487 47,459 58,780 64,609 66,269 62,750 62,922 63,246
Change - -24.05% 23.85% 9.92% 2.57% -5.31% 0.27% 0.52%
P/E 6.25x 5.8x 6.06x 5.74x 8.13x 7.02x 6.7x 6.11x
PBR 1.05x - 0.72x 0.67x 0.6x 0.55x 0.52x 0.51x
PEG - 0.4x -0.2x 1.76x -0.2x 0.77x 1.4x 0.64x
Capitalization / Revenue 1.52x 1.38x 1.17x 1.14x 1.33x 1.2x 1.17x 1.11x
EV / Revenue 2.14x 1.38x 1.89x 2.07x 2.75x 2.47x 2.43x 2.31x
EV / EBITDA 7.4x 4.99x 7.96x 8.43x 14.2x 11.8x 11.4x 10.7x
EV / EBIT 7.51x 5.06x 8.11x 8.66x 14.8x 13.2x 12.6x 11.5x
EV / FCF 15.9x - -227x -69.5x 93.1x 10.8x 17x 13.7x
FCF Yield 6.28% - -0.44% -1.44% 1.07% 9.28% 5.88% 7.3%
Dividend per Share 2 1 - 1.45 1.35 1.4 1.271 1.277 1.376
Rate of return 4.41% - 7.8% 7.42% 8.24% 7.94% 7.98% 8.6%
EPS 2 3.63 4.19 3.07 3.17 2.09 2.28 2.389 2.617
Distribution rate 27.5% - 47.2% 42.6% 67% 55.7% 53.5% 52.6%
Net sales 1 29,160 34,486 31,177 31,194 24,124 25,378 25,908 27,366
EBITDA 1 8,444 9,514 7,386 7,665 4,680 5,301 5,528 5,927
EBIT 1 8,321 9,387 7,249 7,462 4,467 4,740 4,992 5,499
Net income 1 7,070 8,173 5,989 6,190 4,015 4,438 4,646 5,066
Net Debt 1 18,264 - 22,453 29,064 34,200 32,352 32,524 32,848
Reference price 2 22.70 24.30 18.60 18.20 17.00 16.00 16.00 16.00
Nbr of stocks (in thousands) 19,48,141 19,53,054 19,53,054 19,53,054 18,86,454 18,99,871 - -
Announcement Date 22/02/22 21/02/23 20/02/24 25/02/25 25/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.02x2.47x11.84x7.94% 91Cr
14.16x4.58x12.32x3.58% 4.03TCr
5.77x0.78x1.64x8.58% 2.81TCr
17.85x3.95x15.88x1.37% 2.75TCr
8.06x1.44x7.92x4.39% 2.69TCr
13.72x3.07x14.71x2.55% 2.52TCr
8.1x0.9x3.27x2.76% 2.07TCr
10.32x2.03x8.35x4.07% 2.08TCr
13.01x6.39x16.79x1.67% 1.86TCr
38.59x14.1x35.5x3.08% 1.86TCr
Average 13.66x 3.97x 12.82x 4% 2.28TCr
Weighted average by Cap. 13.77x 3.85x 12.25x 3.7%

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