Company Valuation: Wice Logistics

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,516 6,715 4,006 2,449 1,461 2,038 - -
Change - -46.35% -40.33% -38.88% -40.31% 39.47% - -
Enterprise Value (EV) 11,889 5,678 3,613 2,359 1,372 2,038 2,038 2,038
Change - -52.24% -36.36% -34.7% -41.85% 48.58% 0% 0%
P/E 23.4x 12.1x 24x 25.5x 12x 14.5x 12.7x 10.6x
PBR 8.33x 3.59x 2.72x 1.84x 1.07x 1.46x 1.41x 1.35x
PEG - 3.31x -0.3x -0.6x 0.5x 0.9x 0.9x 0.5x
Capitalization / Revenue 1.64x 0.95x 1.05x 0.6x 0.31x 0.35x 0.31x 0.28x
EV / Revenue 0x 0x 0x 0x 0x 0.35x 0.31x 0.28x
EV / EBITDA 0x 0x 0x 0x 0x 6.12x 5.21x 4.34x
EV / EBIT 0x 0x 0x 0x 0x 13.3x 11.6x 9.53x
EV / FCF 0x 0x 0x 0x 0x 10.9x 17.1x 11x
FCF Yield 1.15% 11.9% 3.74% 1.87% 17.4% 9.17% 5.84% 9.08%
Dividend per Share 2 0.23 0.23 0.24 0.14 0.14 0.16 0.18 0.22
Rate of return 1.2% 2.23% 3.84% 3.66% 6.14% 5.03% 5.66% 6.92%
EPS 2 0.82 0.85 0.26 0.15 0.19 0.22 0.25 0.3
Distribution rate 28% 27.1% 92.3% 93.3% 73.7% 72.7% 72% 73.3%
Net sales 1 7,637 7,103 3,798 4,099 4,656 5,754 6,504 7,390
EBITDA 1 821.5 848.5 375.2 279.7 315.4 333 391 470
EBIT 1 748.5 739.3 239 98.11 144.3 153 175 214
Net income 1 535.5 554.1 170.4 97.73 122.1 138 157 192
Net Debt -627.8 -1,037 -392.9 -89.29 -89.58 - - -
Reference price 2 19.200 10.300 6.250 3.820 2.280 3.180 3.180 3.180
Nbr of stocks (in thousands) 6,51,900 6,51,900 6,41,000 6,41,000 6,41,000 6,41,000 - -
Announcement Date 23/02/22 21/02/23 20/02/24 25/02/25 27/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.45x - - 5.03% 6.2Cr
16.96x1.17x8.54x6.4% 8.7TCr
15.48x0.94x8.22x1.68% 7.63TCr
15.86x0.95x7.05x3.62% 7.07TCr
24.45x1.82x17.31x0.83% 2.45TCr
20.23x0.78x8.43x-.--% 1.19TCr
22.23x2.49x9.51x-.--% 903.99Cr
8.56x0.35x5.21x6.32% 622.63Cr
14.14x0.65x7.43x3.65% 566.31Cr
29.46x0.54x7.83x-.--% 554.16Cr
Average 18.18x 1.08x 8.84x 2.75% 2.97TCr
Weighted average by Cap. 17.23x 1.10x 8.75x 3.44%

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

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