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 1,936 - -
Change - -46.35% -40.33% -38.88% -40.31% 32.46% - -
Enterprise Value (EV) 11,889 5,678 3,613 2,359 1,372 1,936 1,936 1,936
Change - -52.24% -36.36% -34.7% -41.85% 41.1% 0% 0%
P/E 23.4x 12.1x 24x 25.5x 12x 13.7x 12.1x 10.1x
PBR 8.33x 3.59x 2.72x 1.84x 1.07x 1.39x 1.34x 1.29x
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 0.34x 0.3x 0.26x
EV / Revenue 0x 0x 0x 0x 0x 0.34x 0.3x 0.26x
EV / EBITDA 0x 0x 0x 0x 0x 5.81x 4.95x 4.12x
EV / EBIT 0x 0x 0x 0x 0x 12.7x 11.1x 9.05x
EV / FCF 0x 0x 0x 0x 0x 10.4x 16.3x 10.5x
FCF Yield 1.15% 11.9% 3.74% 1.87% 17.4% 9.66% 6.15% 9.56%
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% 5.3% 5.96% 7.28%
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 3.020 3.020 3.020
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.73x - - 5.3% 5.77Cr
15.35x1.09x7.94x7.05% 7.91TCr
16.18x0.97x7.17x3.52% 7.07TCr
14.15x0.86x7.59x2.06% 6.87TCr
29.17x1.21x10.39x0.58% 4.31TCr
12.58x9.38x28.91x5.47% 4.16TCr
25.12x1.17x12.55x3.04% 3.22TCr
24.64x1.84x17.64x0.82% 2.5TCr
13.95x0.4x3.99x2.98% 2.29TCr
9.91x1.42x5.22x4.26% 1.48TCr
Average 17.48x 2.04x 11.27x 3.51% 3.98TCr
Weighted average by Cap. 17.58x 1.94x 10.85x 3.64%

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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