Financials BlueVenture Group

Equities

BVG

THB222010001

Multiline Insurance & Brokers

End-of-day quote Thailand S.E. 06:00:00 2024-05-07 pm EDT 5-day change 1st Jan Change
4.98 THB -2.35% Intraday chart for BlueVenture Group +0.40% +12.16%

Valuation

Fiscal Period: December 2023 2024 2025
Capitalization 1 1,998 2,241 -
Enterprise Value (EV) 1 1,998 2,241 2,241
P/E ratio 27.8 x 26.2 x 22.6 x
Yield - 3.21% 3.82%
Capitalization / Revenue 3.83 x 3.59 x 3.14 x
EV / Revenue 3.83 x 3.59 x 3.14 x
EV / EBITDA 19.4 x 17.4 x 15.5 x
EV / FCF - 55 x 54.5 x
FCF Yield - 1.82% 1.83%
Price to Book - 3.46 x 3.39 x
Nbr of stocks (in thousands) 450,000 450,000 -
Reference price 2 4.440 4.980 4.980
Announcement Date 2/27/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2022 2023 2024 2025
Net sales 1 - 522 624 714
EBITDA 1 - 103.2 129 145
EBIT 1 - 78.67 102 117
Operating Margin - 15.07% 16.35% 16.39%
Earnings before Tax (EBT) 1 - 87.12 104 119
Net income 1 54.04 69.13 85 97
Net margin - 13.24% 13.62% 13.59%
EPS 2 0.1500 0.1600 0.1900 0.2200
Free Cash Flow 1 - - 40.78 41.1
FCF margin - - 6.54% 5.76%
FCF Conversion (EBITDA) - - 31.61% 28.34%
FCF Conversion (Net income) - - 47.98% 42.37%
Dividend per Share 2 - - 0.1600 0.1900
Announcement Date 2/28/23 2/27/24 - -
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2022 2023 2024 2025
Net Debt - - - -
Net Cash position - - - -
Leverage (Debt/EBITDA) - - - -
Free Cash Flow 1 - - 40.8 41.1
ROE (net income / shareholders' equity) - - 13.2% 14.8%
ROA (Net income/ Total Assets) - - 10.8% 11.9%
Assets 1 - - 787 815.1
Book Value Per Share 2 - - 1.440 1.470
Cash Flow per Share 2 - - 0.2500 0.2800
Capex 1 - - 55 61
Capex / Sales - - 8.81% 8.54%
Announcement Date 2/28/23 2/27/24 - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
4.98 THB
Average target price
4.48 THB
Spread / Average Target
-10.04%
Consensus

Annual profits - Rate of surprise

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