Financials GMM Grammy

Equities

GRAMMY

TH0473010Z09

Entertainment Production

End-of-day quote Thailand S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
5.4 THB -2.70% Intraday chart for GMM Grammy -0.92% -14.29%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,920 8,445 7,462 10,905 8,363 5,166
Enterprise Value (EV) 1 4,961 8,191 7,870 12,107 9,782 6,902
P/E ratio 319 x 24.7 x -42.5 x 21.8 x 51 x -39.4 x
Yield - 2.91% - - - -
Capitalization / Revenue 0.71 x 1.27 x 1.48 x 2.81 x 1.58 x 0.87 x
EV / Revenue 0.71 x 1.23 x 1.56 x 3.11 x 1.84 x 1.16 x
EV / EBITDA 10.1 x 14.1 x 610 x 120 x 30.2 x 23.1 x
EV / FCF -67.4 x 20.7 x 19.9 x -21.3 x 15.3 x 11.4 x
FCF Yield -1.48% 4.83% 5.02% -4.7% 6.51% 8.74%
Price to Book 5.08 x 7.22 x 9.01 x 7.99 x 5.46 x 3.67 x
Nbr of stocks (in thousands) 819,950 819,950 819,950 819,950 819,950 819,950
Reference price 2 6.000 10.30 9.100 13.30 10.20 6.300
Announcement Date 2/28/19 2/28/20 2/28/21 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 6,977 6,634 5,032 3,888 5,310 5,931
EBITDA 1 490.4 582 12.9 100.7 323.5 298.3
EBIT 1 398.2 490.7 -67.18 -20.57 214.2 194.4
Operating Margin 5.71% 7.4% -1.33% -0.53% 4.03% 3.28%
Earnings before Tax (EBT) 1 173.2 464.3 -136.7 520 200 -36.43
Net income 1 15.43 341.9 -175.4 497.1 166.4 -132.6
Net margin 0.22% 5.15% -3.49% 12.79% 3.13% -2.24%
EPS 2 0.0188 0.4169 -0.2139 0.6100 0.2000 -0.1600
Free Cash Flow 1 -73.64 395.3 395.4 -568.8 637.3 603.1
FCF margin -1.06% 5.96% 7.86% -14.63% 12% 10.17%
FCF Conversion (EBITDA) - 67.93% 3,065.52% - 197% 202.13%
FCF Conversion (Net income) - 115.63% - - 382.98% -
Dividend per Share - 0.3000 - - - -
Announcement Date 2/28/19 2/28/20 2/28/21 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 40.9 - 408 1,202 1,419 1,737
Net Cash position 1 - 255 - - - -
Leverage (Debt/EBITDA) 0.0834 x - 31.65 x 11.93 x 4.386 x 5.82 x
Free Cash Flow 1 -73.6 395 395 -569 637 603
ROE (net income / shareholders' equity) 5.6% 30.3% -13.1% 42.2% 11.7% -8%
ROA (Net income/ Total Assets) 6.69% 8.35% -1.06% -0.28% 2.38% 1.95%
Assets 1 230.7 4,092 16,527 -179,857 6,980 -6,785
Book Value Per Share 2 1.180 1.430 1.010 1.670 1.870 1.710
Cash Flow per Share 2 0.6600 0.5500 0.8900 0.6900 0.9300 0.8200
Capex 1 85.8 55.5 65.9 27.3 62 54.3
Capex / Sales 1.23% 0.84% 1.31% 0.7% 1.17% 0.92%
Announcement Date 2/28/19 2/28/20 2/28/21 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