Financials Delta Paint

Equities

DPAINT

THA534010006

Commodity Chemicals

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.54 THB 0.00% Intraday chart for Delta Paint +0.79% -21.12%

Valuation

Fiscal Period: December 2021 2022 2023 2024
Capitalization 1 2,058 2,185 740.6 584.2
Enterprise Value (EV) 1 2,058 2,185 740.6 584.2
P/E ratio 32 x 38 x 53.7 x 8.47 x
Yield - - - 4.72%
Capitalization / Revenue 2.75 x 2.43 x 0.73 x 0.48 x
EV / Revenue 2.75 x 2.43 x 0.73 x 0.48 x
EV / EBITDA 23 x 26 x 16.8 x 5.12 x
EV / FCF -130 x -19.1 x - 26.6 x
FCF Yield -0.77% -5.24% - 3.77%
Price to Book 3.43 x 3.33 x 1.17 x 0.79 x
Nbr of stocks (in thousands) 230,000 230,000 230,000 230,000
Reference price 2 8.950 9.500 3.220 2.540
Announcement Date 2/28/22 2/28/23 2/29/24 -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024
Net sales 1 559.6 749.5 899.7 1,016 1,205
EBITDA 1 - 89.59 84.07 44.09 114
EBIT 1 - 65.77 67.3 21.14 80
Operating Margin - 8.78% 7.48% 2.08% 6.64%
Earnings before Tax (EBT) 1 - 69.12 73 21.66 87
Net income 1 - 52.89 55.6 13.7 70
Net margin - 7.06% 6.18% 1.35% 5.81%
EPS 2 0.3600 0.2800 0.2500 0.0600 0.3000
Free Cash Flow 1 - -15.78 -114.6 - 22
FCF margin - -2.1% -12.74% - 1.83%
FCF Conversion (EBITDA) - - - - 19.3%
FCF Conversion (Net income) - - - - 31.43%
Dividend per Share 2 - - - - 0.1200
Announcement Date 4/21/21 2/28/22 2/28/23 2/29/24 -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2
Net sales 1 - 218.8 250.3 260.3 247.7
EBITDA 1 - 25.18 25.05 27.06 17.13
EBIT 1 - 20.59 20.1 21.86 11.3
Operating Margin - 9.41% 8.03% 8.4% 4.56%
Earnings before Tax (EBT) 1 - 19.66 22.1 21.35 9.661
Net income 1 12.79 15.02 16.9 16.18 6.706
Net margin - 6.86% 6.75% 6.22% 2.71%
EPS 2 0.0600 0.0700 0.0800 0.0700 0.0300
Dividend per Share - - - - -
Announcement Date 8/15/22 11/14/22 2/28/23 5/15/23 8/15/23
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024
Net Debt - - - - -
Net Cash position - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow 1 - -15.8 -115 - 22
ROE (net income / shareholders' equity) - 13.1% 8.73% 2.13% 9.5%
ROA (Net income/ Total Assets) - 6.37% 5.27% 1.18% 5.1%
Assets 1 - 829.9 1,054 1,157 1,373
Book Value Per Share 2 - 2.610 2.850 2.750 3.200
Cash Flow per Share - - - - -
Capex 1 - 26 25.1 - 46
Capex / Sales - 3.47% 2.79% - 3.82%
Announcement Date 4/21/21 2/28/22 2/28/23 2/29/24 -
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
SELL
Number of Analysts
1
Last Close Price
2.54
Average target price
-
Consensus