Financials Dynasty Ceramic

Equities

DCC

TH0278A10Z08

Construction Supplies & Fixtures

End-of-day quote Thailand S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
1.73 THB +1.76% Intraday chart for Dynasty Ceramic -1.70% +20.98%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 13,667 18,202 25,917 25,734 13,050 15,787 -
Enterprise Value (EV) 1 13,667 18,202 25,917 27,264 15,201 17,617 17,211
P/E ratio 15.1 x 11.6 x 14.7 x 15.8 x 11 x 12.4 x 11.5 x
Yield 5.52% 7.43% 6.51% - 3.99% 3.47% 3.47%
Capitalization / Revenue 1.68 x 2.14 x 3.09 x 3.08 x 1.69 x 2 x 1.93 x
EV / Revenue 1.68 x 2.14 x 3.09 x 3.27 x 1.96 x 2.23 x 2.11 x
EV / EBITDA 7.23 x 6.92 x 9.5 x 10.5 x 7.23 x 7.9 x 7.18 x
EV / FCF 38.8 x - 14.6 x 21.3 x 21.4 x 20.5 x 17.5 x
FCF Yield 2.58% - 6.85% 4.7% 4.68% 4.87% 5.7%
Price to Book 4.06 x 3.83 x 4.31 x 4.31 x 1.97 x 2.16 x 1.94 x
Nbr of stocks (in thousands) 7,231,433 8,198,942 9,125,611 9,125,611 9,125,611 9,125,611 -
Reference price 2 1.890 2.220 2.840 2.820 1.430 1.730 1.730
Announcement Date 2/18/20 2/10/21 2/15/22 2/14/23 2/13/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 8,118 8,501 8,396 8,342 7,741 7,907 8,170
EBITDA 1 1,891 2,630 2,728 2,587 2,103 2,231 2,397
EBIT 1 1,357 1,907 2,055 1,963 1,505 1,583 1,698
Operating Margin 16.72% 22.44% 24.48% 23.53% 19.44% 20.02% 20.78%
Earnings before Tax (EBT) 1 1,388 1,946 2,122 2,009 1,472 1,552 1,673
Net income 1 972.8 1,585 1,700 1,631 1,182 1,241 1,338
Net margin 11.98% 18.65% 20.25% 19.55% 15.27% 15.69% 16.38%
EPS 2 0.1250 0.1920 0.1930 0.1790 0.1300 0.1400 0.1500
Free Cash Flow 1 352.2 - 1,775 1,281 711.4 858 981
FCF margin 4.34% - 21.14% 15.35% 9.19% 10.85% 12.01%
FCF Conversion (EBITDA) 18.63% - 65.06% 49.52% 33.82% 38.46% 40.93%
FCF Conversion (Net income) 36.21% - 104.4% 78.52% 60.18% 69.14% 73.32%
Dividend per Share 2 0.1044 0.1650 0.1850 - 0.0570 0.0600 0.0600
Announcement Date 2/18/20 2/10/21 2/15/22 2/14/23 2/13/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2
Net sales 1 4,549 4,592 1,834 1,969 2,395 2,126 4,521 1,895 1,926 2,215 1,951
EBITDA 1 1,344 1,533 629.2 628.5 828.5 702.8 1,531 561.7 545.2 580.4 651.2
EBIT 981.3 - - - - - - - - - -
Operating Margin 21.57% - - - - - - - - - -
Earnings before Tax (EBT) 1 987 1,183 456.7 482.9 668.4 541.9 1,210 400.9 397.5 425 346.3
Net income 1 810.8 946.4 366.4 387.6 534.3 432.6 966.9 322.1 342.4 339.6 277.5
Net margin 17.82% 20.61% 19.98% 19.68% 22.31% 20.34% 21.39% 17% 17.77% 15.33% 14.22%
EPS 2 0.1040 0.1120 0.0400 0.0420 0.0590 0.0470 0.1060 0.0350 0.0380 0.0370 0.0300
Dividend per Share - 0.1000 0.0400 0.0450 0.0550 0.0350 - 0.0250 - - -
Announcement Date 8/10/20 8/9/21 11/8/21 2/15/22 5/3/22 8/9/22 8/9/22 11/8/22 2/14/23 5/9/23 8/8/23
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - 1,530 2,151 1,830 1,424
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - - 0.5915 x 1.023 x 0.8203 x 0.5941 x
Free Cash Flow 1 352 - 1,775 1,281 711 858 981
ROE (net income / shareholders' equity) 27.6% 39% 32.2% 27.7% 18.8% 17.8% 17.3%
ROA (Net income/ Total Assets) 11.6% 18.1% 19.2% 17.8% 12.2% - -
Assets 1 8,362 8,759 8,869 9,164 9,723 - -
Book Value Per Share 2 0.4700 0.5800 0.6600 0.6500 0.7300 0.8000 0.8900
Cash Flow per Share 0.1900 - - 0.2000 - - -
Capex 1 1,116 420 537 522 885 1,000 1,000
Capex / Sales 13.74% 4.94% 6.39% 6.26% 11.44% 12.65% 12.24%
Announcement Date 2/18/20 2/10/21 2/15/22 2/14/23 2/13/24 - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
1.73 THB
Average target price
2.1 THB
Spread / Average Target
+21.39%
Consensus
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  4. Financials Dynasty Ceramic