MC GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.4 THB | -0.80% |
|
0.00% | -6.06% |
Valuation
| Fiscal Period: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,257 | 7,564 | 7,207 | 7,484 | 9,900 | 9,821 | - | - |
| Enterprise Value (EV) 1 | 4,913 | 7,564 | 7,207 | 7,484 | 9,418 | 8,809 | 8,858 | 9,821 |
| P/E ratio | 20.8 x | 18.6 x | 16.3 x | 15.5 x | 15.4 x | 13.4 x | 11.8 x | 10.7 x |
| Yield | 8.23% | 5.76% | 6.04% | 6.35% | 6.48% | 7.36% | 8.21% | 9.33% |
| Capitalization / Revenue | 1.67 x | 2.35 x | 2.24 x | 2.56 x | 2.7 x | 2.32 x | 2.12 x | 1.99 x |
| EV / Revenue | 1.31 x | 2.35 x | 2.24 x | 2.56 x | 2.57 x | 2.08 x | 1.92 x | 1.99 x |
| EV / EBITDA | 9.21 x | 12.7 x | 7.63 x | 7.57 x | 7.84 x | 6.72 x | 6.37 x | 6.68 x |
| EV / FCF | 4.75 x | 17.9 x | 10.4 x | 9.07 x | 28 x | 10.9 x | 9.44 x | 9.57 x |
| FCF Yield | 21.1% | 5.59% | 9.64% | 11% | 3.57% | 9.14% | 10.6% | 10.4% |
| Price to Book | 1.72 x | 2.11 x | 2.03 x | 2.04 x | 2.66 x | 2.6 x | 2.55 x | 2.53 x |
| Nbr of stocks (in thousands) | 792,000 | 792,000 | 792,000 | 792,000 | 792,000 | 792,000 | - | - |
| Reference price 2 | 7.900 | 9.550 | 9.100 | 9.450 | 12.50 | 12.40 | 12.40 | 12.40 |
| Announcement Date | 8/30/19 | 8/26/20 | 8/26/21 | 8/26/22 | 8/25/23 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,737 | 3,217 | 3,220 | 2,923 | 3,670 | 4,234 | 4,624 | 4,937 |
| EBITDA 1 | 533.2 | 595 | 944.8 | 988.6 | 1,201 | 1,312 | 1,391 | 1,470 |
| EBIT 1 | 407.9 | 496.2 | 544.3 | 610.3 | 814.2 | 930.5 | 1,021 | 1,098 |
| Operating Margin | 10.92% | 15.42% | 16.91% | 20.88% | 22.19% | 21.98% | 22.09% | 22.23% |
| Earnings before Tax (EBT) 1 | 275.7 | 456.6 | 524.2 | 590.9 | 796.6 | 927 | 1,038 | 1,144 |
| Net income 1 | 305.8 | 407.1 | 445.7 | 485.8 | 632.3 | 742.8 | 830 | 915 |
| Net margin | 8.18% | 12.65% | 13.84% | 16.62% | 17.23% | 17.54% | 17.95% | 18.53% |
| EPS 2 | 0.3800 | 0.5140 | 0.5600 | 0.6100 | 0.8100 | 0.9280 | 1.050 | 1.163 |
| Free Cash Flow 1 | 1,035 | 422.6 | 694.6 | 825.5 | 335.9 | 805 | 938.3 | 1,026 |
| FCF margin | 27.71% | 13.13% | 21.57% | 28.24% | 9.15% | 19.01% | 20.29% | 20.79% |
| FCF Conversion (EBITDA) | 194.18% | 71.02% | 73.52% | 83.5% | 27.97% | 61.37% | 67.45% | 69.8% |
| FCF Conversion (Net income) | 338.58% | 103.8% | 155.85% | 169.93% | 53.12% | 108.38% | 113.05% | 112.16% |
| Dividend per Share 2 | 0.6500 | 0.5500 | 0.5500 | 0.6000 | 0.8100 | 0.9125 | 1.018 | 1.157 |
| Announcement Date | 8/30/19 | 8/26/20 | 8/26/21 | 8/26/22 | 8/25/23 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2021 S1 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | 443.1 | 1,005 | 1,448 | 737.6 | 752.3 | 768 | 1,117 | - | 956.7 | 837.2 | 894.4 | 1,302 |
| EBITDA 1 | - | - | 129 | 381.3 | 510.4 | 233.1 | 245.1 | 242.9 | 404.9 | 647.8 | 300.6 | 252.4 | 276.8 | 466.9 |
| EBIT 1 | - | - | 30.78 | 287.6 | 318.4 | 140.1 | 151.8 | 149.6 | 309.5 | 459.1 | 202.5 | 152.6 | 175.4 | 360.2 |
| Operating Margin | - | - | 6.95% | 28.62% | 21.99% | 19% | 20.18% | 19.47% | 27.72% | - | 21.17% | 18.23% | 19.61% | 27.66% |
| Earnings before Tax (EBT) 1 | - | - | 25.19 | 284.2 | 309.4 | 134.3 | 147.3 | 144.3 | 305.5 | 449.8 | 200.8 | 146 | 159.8 | 352.7 |
| Net income 1 | 335.2 | - | 23.6 | 230.9 | 254.5 | 109.7 | 121.6 | 115.6 | 246.4 | 362.1 | 163.4 | 106.8 | 129.1 | 283 |
| Net margin | - | - | 5.33% | 22.98% | 17.58% | 14.87% | 16.16% | 15.06% | 22.07% | - | 17.08% | 12.76% | 14.43% | 21.73% |
| EPS 2 | - | - | 0.0300 | 0.2900 | 0.3200 | 0.1400 | - | 0.1500 | 0.3100 | 0.4600 | 0.2100 | 0.1500 | 0.1600 | 0.3600 |
| Dividend per Share | - | 0.3500 | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/14/21 | 8/26/21 | 11/11/21 | 2/11/22 | 2/11/22 | 5/13/22 | 8/26/22 | 11/11/22 | 2/10/23 | 2/10/23 | 5/12/23 | 8/25/23 | 11/10/23 | 2/14/24 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,343 | - | - | - | 482 | 1,012 | 963 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,035 | 423 | 695 | 825 | 336 | 805 | 938 | 1,026 |
| ROE (net income / shareholders' equity) | 10.8% | 12.1% | 12.4% | 13.4% | 17.4% | 20% | 21.8% | 23.7% |
| ROA (Net income/ Total Assets) | 9.1% | 10.5% | 9.59% | 9.45% | 12.3% | 13.9% | 15.6% | 17.1% |
| Assets 1 | 3,361 | 3,878 | 4,649 | 5,138 | 5,124 | 5,363 | 5,309 | 5,361 |
| Book Value Per Share 2 | 4.610 | 4.520 | 4.490 | 4.630 | 4.700 | 4.780 | 4.860 | 4.910 |
| Cash Flow per Share 2 | 1.350 | 0.6300 | 0.9100 | 1.140 | 0.9300 | 1.100 | 1.500 | 1.500 |
| Capex 1 | 54.4 | 79.9 | 26.8 | 75.9 | 404 | 137 | 125 | 81 |
| Capex / Sales | 1.46% | 2.48% | 0.83% | 2.6% | 11.01% | 3.24% | 2.7% | 1.64% |
| Announcement Date | 8/30/19 | 8/26/20 | 8/26/21 | 8/26/22 | 8/25/23 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
12.4
THB
Average target price
15.53
THB
Spread / Average Target
+25.24%
EPS Revisions
- Stock Market
- Equities
- MC Stock
- Financials MC Group
