Financials The Siam Commercial Bank

Equities

SCB

THA790010005

Banks

End-of-day quote Thailand S.E. 03:30:00 10/05/2024 am IST 5-day change 1st Jan Change
108 THB +0.47% Intraday chart for The Siam Commercial Bank +1.89% +1.89%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,14,685 2,97,422 4,31,719 3,60,280 3,56,913 3,63,648 - -
Enterprise Value (EV) 1 4,14,685 2,97,422 4,31,719 3,60,280 3,56,913 3,63,648 3,63,648 3,63,648
P/E ratio 10.3 x 10.9 x 12.1 x 9.62 x 8.2 x 8.15 x 7.75 x 7.51 x
Yield 4.51% 2.63% 2.94% 3.79% 9.75% 8.68% 8.75% 9.38%
Capitalization / Revenue 2.5 x 2.05 x 2.87 x 2.33 x 2.09 x 2.08 x 2.01 x 1.96 x
EV / Revenue 2.5 x 2.05 x 2.87 x 2.33 x 2.09 x 2.08 x 2.01 x 1.96 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.04 x 0.72 x 0.98 x 0.78 x 0.75 x 0.74 x 0.73 x 0.71 x
Nbr of stocks (in thousands) 33,99,192 33,99,192 33,99,192 33,67,107 33,67,107 33,67,107 - -
Reference price 2 122.0 87.50 127.0 107.0 106.0 108.0 108.0 108.0
Announcement Date 17/01/20 21/01/21 21/01/22 20/01/23 19/01/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,66,098 1,44,768 1,50,342 1,54,420 1,71,103 1,75,195 1,80,707 1,86,001
EBITDA - - - - - - - -
EBIT 1 95,560 80,437 86,795 84,547 99,323 1,00,047 1,02,950 1,05,726
Operating Margin 57.53% 55.56% 57.73% 54.75% 58.05% 57.11% 56.97% 56.84%
Earnings before Tax (EBT) 1 59,349 33,788 44,771 50,718 55,723 57,354 60,489 62,884
Net income 1 40,436 27,218 35,395 37,546 43,521 44,967 47,586 50,490
Net margin 24.34% 18.8% 23.54% 24.31% 25.44% 25.67% 26.33% 27.15%
EPS 2 11.90 8.010 10.47 11.12 12.93 13.25 13.93 14.38
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 5.500 2.300 3.730 4.060 10.34 9.371 9.452 10.14
Announcement Date 17/01/20 21/01/21 21/01/22 20/01/23 19/01/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - - - 36,910 39,210 37,704 38,702 - 39,757 38,258 40,900 44,316 85,216 43,344 42,543 42,995 43,348 43,323 43,437 43,974
EBITDA - - - - - - - - - - - - - - - - - - - -
EBIT 1 - - - 21,097 21,954 21,713 22,764 - 22,815 17,403 24,143 27,300 - 24,854 23,026 24,895 24,547 - - -
Operating Margin - - - 57.16% 55.99% 57.59% 58.82% - 57.39% 45.49% 59.03% 61.6% - 57.34% 54.12% 57.9% 56.63% - - -
Earnings before Tax (EBT) 1 - - - 11,062 10,000 12,963 12,514 - 15,065 10,325 14,216 15,202 - 12,609 13,696 14,694 - - - -
Net income 1 20,332 17,611 - 8,818 7,811 10,193 10,051 20,095 10,309 7,143 10,995 11,868 - 9,663 10,995 11,281 10,868 - - -
Net margin - - - 23.89% 19.92% 27.03% 25.97% - 25.93% 18.67% 26.88% 26.78% - 22.29% 25.84% 26.24% 25.07% - - -
EPS 2 - - - 2.590 2.320 3.000 3.010 5.970 3.060 - 3.270 3.520 - 2.870 3.270 3.350 3.360 3.290 3.210 -
Dividend per Share 2 - - 1.430 - - - - - - 4.060 - - - - 7.840 - - - 10.12 -
Announcement Date 17/01/20 21/07/20 21/07/21 21/10/21 21/01/22 21/04/22 21/07/22 21/07/22 21/10/22 20/01/23 21/04/23 21/07/23 21/07/23 20/10/23 19/01/24 19/04/24 - - - -
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 10.4% 6.71% 8.3% 8.32% 9.27% 9.21% 9.51% 9.61%
ROA (Net income/ Total Assets) 1.31% 0.87% 1.07% 1.11% 1.26% 1.3% 1.31% 1.33%
Assets 1 30,75,546 31,20,927 33,07,924 33,84,658 34,46,688 34,50,766 36,42,375 37,91,503
Book Value Per Share 2 118.0 121.0 130.0 137.0 142.0 145.0 148.0 152.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 17/01/20 21/01/21 21/01/22 20/01/23 19/01/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
22
Last Close Price
108 THB
Average target price
119.9 THB
Spread / Average Target
+10.98%
Consensus
  1. Stock Market
  2. Equities
  3. SCB Stock
  4. Financials The Siam Commercial Bank
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