Financials JAS Asset

Equities

J

TH6823010009

Real Estate Development & Operations

End-of-day quote Thailand S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
1.82 THB +0.55% Intraday chart for JAS Asset -.--% -11.65%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 673.2 698.5 1,318 4,144 4,379 2,349
Enterprise Value (EV) 1 1,865 698.5 3,021 5,946 5,938 4,939
P/E ratio -38.6 x 33.5 x 23.3 x 25.3 x 20.3 x 12.2 x
Yield - - 1.81% 0.67% 0.78% -
Capitalization / Revenue 0.77 x 0.78 x 2.57 x 10.8 x 8.4 x 4.41 x
EV / Revenue 2.12 x 0.78 x 5.89 x 15.5 x 11.4 x 9.27 x
EV / EBITDA 12.8 x 5.59 x 13.2 x 28.2 x 28.8 x 36.5 x
EV / FCF 19 x - 20.6 x 147 x 54.1 x 59.5 x
FCF Yield 5.26% - 4.85% 0.68% 1.85% 1.68%
Price to Book 0.72 x - 0.98 x 2.38 x 1.59 x 0.81 x
Nbr of stocks (in thousands) 480,847 793,807 793,807 929,068 1,140,387 1,140,387
Reference price 2 1.400 0.8800 1.660 4.460 3.840 2.060
Announcement Date 2/25/19 2/26/20 2/23/21 2/22/22 2/7/23 2/9/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 879.6 890.5 512.5 383.6 521.4 533
EBITDA 1 145.2 125 228.3 210.6 206 135.2
EBIT 1 30.74 11.55 212.3 197.1 196.5 119.7
Operating Margin 3.49% 1.3% 41.44% 51.39% 37.68% 22.46%
Earnings before Tax (EBT) 1 -39.36 -9.199 58.49 197.9 261.9 262.9
Net income 1 -17.44 17.21 56.44 161.4 202.3 192.6
Net margin -1.98% 1.93% 11.01% 42.09% 38.8% 36.14%
EPS 2 -0.0363 0.0262 0.0711 0.1760 0.1892 0.1689
Free Cash Flow 1 98.14 - 146.5 40.4 109.8 83.05
FCF margin 11.16% - 28.59% 10.53% 21.05% 15.58%
FCF Conversion (EBITDA) 67.57% - 64.16% 19.19% 53.28% 61.44%
FCF Conversion (Net income) - - 259.57% 25.03% 54.25% 43.12%
Dividend per Share - - 0.0300 0.0300 0.0300 -
Announcement Date 2/25/19 2/26/20 2/23/21 2/22/22 2/7/23 2/9/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,192 - 1,703 1,802 1,559 2,590
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 8.204 x - 7.459 x 8.56 x 7.565 x 19.16 x
Free Cash Flow 1 98.1 - 146 40.4 110 83.1
ROE (net income / shareholders' equity) -2.52% 0.72% 4.31% 10.5% 9% 6.8%
ROA (Net income/ Total Assets) 0.78% - 4.78% 3.5% 2.89% 1.41%
Assets 1 -2,227 - 1,180 4,608 6,996 13,667
Book Value Per Share 2 1.950 - 1.690 1.870 2.410 2.560
Cash Flow per Share 2 0.0400 - 0.0100 0.0200 0.0700 0.0200
Capex - - - 7.96 - -
Capex / Sales - - - 2.08% - -
Announcement Date 2/25/19 2/26/20 2/23/21 2/22/22 2/7/23 2/9/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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