Financials Clover Power

Equities

CV

THA452010004

Electric Utilities

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.46 THB -4.17% Intraday chart for Clover Power +6.98% -9.80%

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 3,942 2,202 652.8
Enterprise Value (EV) 1 4,476 3,904 2,906
P/E ratio 22.4 x 94.6 x -1.17 x
Yield 0.76% - -
Capitalization / Revenue 2.29 x 1.14 x 0.63 x
EV / Revenue 2.6 x 2.02 x 2.82 x
EV / EBITDA 16,829,859 x 30,006,102 x -16,891,970 x
EV / FCF -6,186,097 x -5,282,645 x 14,264,336 x
FCF Yield -0% -0% 0%
Price to Book 2.02 x 1.13 x 0.47 x
Nbr of stocks (in thousands) 1,280,000 1,280,000 1,280,000
Reference price 2 3.080 1.720 0.5100
Announcement Date 2/25/22 2/27/23 2/28/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 284.6 625.7 2,477 1,722 1,930 1,031
EBITDA - 120.3 304.7 266 130.1 -172.1
EBIT 1 51.45 60.29 243.9 189.5 44.03 -289
Operating Margin 18.08% 9.64% 9.85% 11.01% 2.28% -28.03%
Earnings before Tax (EBT) 1 36.21 34.86 247.1 169.2 13.06 -585.5
Net income 1 36.26 21.67 95.05 147.2 23.28 -560.1
Net margin 12.74% 3.46% 3.84% 8.55% 1.21% -54.32%
EPS 2 0.1209 0.0722 0.1481 0.1377 0.0182 -0.4376
Free Cash Flow - -169.1 58.44 -723.5 -739 203.7
FCF margin - -27.02% 2.36% -42.03% -38.29% 19.76%
FCF Conversion (EBITDA) - - 19.18% - - -
FCF Conversion (Net income) - - 61.49% - - -
Dividend per Share - - - 0.0235 - -
Announcement Date 4/9/21 4/9/21 4/9/21 2/25/22 2/27/23 2/28/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 242 749 740 534 1,702 2,254
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - 6.22 x 2.428 x 2.006 x 13.08 x -13.1 x
Free Cash Flow - -169 58.4 -724 -739 204
ROE (net income / shareholders' equity) 19.3% 11% 41.7% 11.8% 0.64% -34.2%
ROA (Net income/ Total Assets) 5.49% 2.95% 7.65% 4.51% 0.71% -4.06%
Assets 1 660.2 733.7 1,242 3,265 3,283 13,779
Book Value Per Share 2 0.6900 0.5900 0.6300 1.530 1.520 1.080
Cash Flow per Share 2 0 0.3200 0.0400 0.1500 0.0400 0
Capex - 165 145 155 39.4 117
Capex / Sales - 26.34% 5.84% 8.98% 2.04% 11.37%
Announcement Date 4/9/21 4/9/21 4/9/21 2/25/22 2/27/23 2/28/24
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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