Financials Thai Life Insurance Deutsche Boerse AG

Equities

DQ20

THA848010R13

Life & Health Insurance

Market Closed - Deutsche Boerse AG Other stock markets 11:36:53 20/06/2024 am IST			5-day change	1st Jan Change
0.185 ^EUR	+2.21%		+0.54%	-18.86%

14/05	Thai Life Insurance Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
28/02	Thai Life Insurance Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	1,70,605	1,04,768	85,875	-	-
Enterprise Value (EV) ¹	1,70,605	1,04,768	85,875	85,875	85,875
P/E ratio	17.7 x	10.8 x	8.58 x	8.07 x	7.59 x
Yield	2.01%	3.28%	4.59%	4.83%	5.27%
Capitalization / Revenue	1.59 x	0.96 x	0.76 x	0.73 x	0.7 x
EV / Revenue	1.59 x	0.96 x	0.76 x	0.73 x	0.7 x
EV / EBITDA	-	-	-	-	-
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	1.74 x	1 x	0.76 x	0.71 x	0.66 x
Nbr of stocks (in thousands)	1,14,50,000	1,14,50,000	1,14,50,000	-	-
Reference price ²	14.90	9.150	7.500	7.500	7.500
Announcement Date	23/02/23	28/02/24	-	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,07,153	1,08,759	1,13,321	1,18,186	1,23,544
EBITDA	-	-	-	-	-	-
EBIT ¹	-	11,061	12,573	11,928	13,202	14,018
Operating Margin	-	10.32%	11.56%	10.53%	11.17%	11.35%
Earnings before Tax (EBT) ¹	-	11,422	12,007	12,109	12,890	14,049
Net income ¹	8,394	9,265	9,707	9,996	10,643	11,309
Net margin	-	8.65%	8.92%	8.82%	9.01%	9.15%
EPS ²	0.7900	0.8400	0.8500	0.8737	0.9292	0.9877
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	0.3000	0.3000	0.3444	0.3622	0.3951
Announcement Date	03/03/22	23/02/23	28/02/24	-	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q3	2022 Q4
Net sales	-	-
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT) ¹	-	1,529
Net income ¹	2,208	1,245
Net margin	-	-
EPS ²	0.2000	0.1000
Dividend per Share	-	-
Announcement Date	14/11/22	23/02/23

¹THB in Million²THB

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	10%	9.58%	9.33%	9.38%	9.11%
ROA (Net income/ Total Assets)	-	1.7%	1.72%	1.68%	1.71%	1.72%
Assets ¹	-	5,44,875	5,64,406	5,95,325	6,21,680	6,57,319
Book Value Per Share ²	-	8.560	9.130	9.830	10.60	11.40
Cash Flow per Share	-	-	-	-	-	-
Capex	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-
Announcement Date	03/03/22	23/02/23	28/02/24	-	-	-

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

Ratings for Thai Life Insurance

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.5 THB

Average target price

14.65 THB

Spread / Average Target

+95.33%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Life & Health Insurance

	1st Jan change	Capi.
AXA	+4.92%	72.04B
METLIFE, INC.	+7.14%	49.68B
MANULIFE FINANCIAL CORPORATION	+20.29%	45.8B
PRUDENTIAL FINANCIAL, INC.	+12.85%	41.53B
GENERALI	+22.11%	38.29B
CHINA PACIFIC INSURANCE (GROUP) CO., LTD.	+19.76%	34.2B
SUN LIFE FINANCIAL INC.	-4.03%	27.87B
CATHAY FINANCIAL HOLDING CO., LTD.	+31.37%	26.7B
GREAT-WEST LIFECO INC.	-11.45%	26.66B

Other Life & Health Insurance