Financials Business Online

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BOL

TH0771010Z06

Professional Information Services

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
8.3 THB 0.00% Intraday chart for Business Online +5.06% -7.78%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,657 2,396 5,415 12,800 9,108 7,385
Enterprise Value (EV) 1 1,418 2,138 5,138 12,414 8,708 6,963
P/E ratio 15.9 x 16.6 x 30.3 x 54.9 x 33.6 x 25.4 x
Yield 5.94% 5.14% 2.95% 1.63% 2.66% 3.56%
Capitalization / Revenue 3.4 x 4.45 x 8.67 x 19.7 x 13.1 x 9.43 x
EV / Revenue 2.91 x 3.97 x 8.23 x 19.1 x 12.5 x 8.89 x
EV / EBITDA 11 x 13 x 23.1 x 42.6 x 26.5 x 19.3 x
EV / FCF 26.1 x 16.5 x 31.3 x 53.2 x 39.1 x 36.6 x
FCF Yield 3.83% 6.08% 3.19% 1.88% 2.56% 2.73%
Price to Book 3.28 x 4.78 x 7.62 x 16.9 x 10.3 x 7.17 x
Nbr of stocks (in thousands) 820,506 820,506 820,506 820,506 820,506 820,506
Reference price 2 2.020 2.920 6.600 15.60 11.10 9.000
Announcement Date 2/14/19 2/20/20 2/11/21 2/11/22 2/14/23 2/13/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 487.5 538.1 624.7 649.3 697.3 783.3
EBITDA 1 128.8 164.1 222.5 291.1 328.9 361.2
EBIT 1 117.3 151.7 207.2 274.7 316.1 350.8
Operating Margin 24.06% 28.2% 33.17% 42.31% 45.34% 44.78%
Earnings before Tax (EBT) 1 117.6 151.9 204.6 271.8 314.2 353.2
Net income 1 104.1 143.9 178.5 233.2 270.7 290.3
Net margin 21.35% 26.74% 28.57% 35.92% 38.82% 37.06%
EPS 2 0.1269 0.1754 0.2175 0.2842 0.3299 0.3538
Free Cash Flow 1 54.29 129.9 164.1 233.4 222.6 190.2
FCF margin 11.14% 24.14% 26.27% 35.94% 31.93% 24.28%
FCF Conversion (EBITDA) 42.16% 79.19% 73.76% 80.17% 67.69% 52.66%
FCF Conversion (Net income) 52.16% 90.28% 91.95% 100.06% 82.25% 65.52%
Dividend per Share 2 0.1200 0.1500 0.1950 0.2550 0.2950 0.3200
Announcement Date 2/14/19 2/20/20 2/11/21 2/11/22 2/14/23 2/13/24
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3
Net sales 133.3 - - - 146.4 - - -
EBITDA - - - - - - - -
EBIT - - - - - - - -
Operating Margin - - - - - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income 1 36.59 61.35 77.66 89.36 42.32 67.78 85.7 98.4
Net margin 27.44% - - - 28.9% - - -
EPS - - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 2/11/22 5/13/22 8/5/22 11/11/22 2/14/23 5/11/23 8/8/23 11/9/23
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 239 258 277 386 400 422
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 54.3 130 164 233 223 190
ROE (net income / shareholders' equity) 21.4% 28.6% 29.5% 31.8% 33% 30.4%
ROA (Net income/ Total Assets) 11% 13.8% 15.4% 16.8% 17.5% 16.9%
Assets 1 946.9 1,045 1,161 1,389 1,544 1,719
Book Value Per Share 2 0.6200 0.6100 0.8700 0.9200 1.070 1.250
Cash Flow per Share 2 0.2700 0.2900 0.2100 0.1500 0.3300 0.3800
Capex 1 16.3 43.4 7.18 6.84 4.38 5.66
Capex / Sales 3.34% 8.06% 1.15% 1.05% 0.63% 0.72%
Announcement Date 2/14/19 2/20/20 2/11/21 2/11/22 2/14/23 2/13/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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