Financials Mud & Hound

Equities

MUD

TH7843010003

Restaurants & Bars

End-of-day quote Thailand S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
1.77 THB +4.12% Intraday chart for Mud & Hound +7.93% -14.08%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,798 2,531 2,149 2,191 2,718 2,170
Enterprise Value (EV) 1 4,367 3,185 3,876 4,045 4,926 4,422
P/E ratio -312 x -134 x -5.44 x -21.6 x 113 x -180 x
Yield 1.53% 2.42% - - - -
Capitalization / Revenue 1.17 x 0.83 x 0.93 x 0.95 x 0.86 x 0.61 x
EV / Revenue 1.35 x 1.04 x 1.67 x 1.75 x 1.55 x 1.24 x
EV / EBITDA 17.7 x 14.7 x 579 x 33.5 x 21.3 x 17.6 x
EV / FCF -1,644 x -135 x 15.5 x 21.4 x 54.3 x 14.7 x
FCF Yield -0.06% -0.74% 6.46% 4.66% 1.84% 6.81%
Price to Book 1.36 x 0.94 x 0.95 x 1.02 x 1.24 x 1 x
Nbr of stocks (in thousands) 1,054,904 1,054,439 1,053,288 1,053,387 1,053,387 1,053,387
Reference price 2 3.600 2.400 2.040 2.080 2.580 2.060
Announcement Date 2/25/19 2/28/20 3/1/21 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 3,233 3,060 2,316 2,316 3,168 3,552
EBITDA 1 246.8 216.4 6.695 120.9 231.6 251.7
EBIT 1 27.61 13.1 -148.2 -17.23 89.4 111.3
Operating Margin 0.85% 0.43% -6.4% -0.74% 2.82% 3.13%
Earnings before Tax (EBT) 1 -5.891 -24.7 -432.6 -116 -23.45 -14.02
Net income 1 -12.18 -18.94 -395.1 -101.1 24.11 -12.08
Net margin -0.38% -0.62% -17.06% -4.36% 0.76% -0.34%
EPS 2 -0.0115 -0.0180 -0.3751 -0.0961 0.0229 -0.0115
Free Cash Flow 1 -2.657 -23.56 250.6 188.7 90.76 301.1
FCF margin -0.08% -0.77% 10.82% 8.14% 2.86% 8.48%
FCF Conversion (EBITDA) - - 3,742.36% 156.02% 39.19% 119.6%
FCF Conversion (Net income) - - - - 376.51% -
Dividend per Share 2 0.0550 0.0580 - - - -
Announcement Date 2/25/19 2/28/20 3/1/21 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 1 570 655 1,727 1,854 2,208 2,252
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.308 x 3.024 x 258 x 15.34 x 9.534 x 8.946 x
Free Cash Flow 1 -2.66 -23.6 251 189 90.8 301
ROE (net income / shareholders' equity) -0.43% -0.93% -17% -5.12% 0.17% -1.65%
ROA (Net income/ Total Assets) 0.4% 0.19% -2.06% -0.22% 1.1% 1.33%
Assets 1 -3,048 -9,842 19,201 45,498 2,189 -906.1
Book Value Per Share 2 2.640 2.560 2.150 2.040 2.080 2.050
Cash Flow per Share 2 0.2000 0.1400 0.1600 0.2000 0.2100 0.1100
Capex 1 166 106 108 213 297 207
Capex / Sales 5.13% 3.47% 4.66% 9.19% 9.37% 5.83%
Announcement Date 2/25/19 2/28/20 3/1/21 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

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