Financials Nex Point

Equities

NEX

TH0825010Y01

Heavy Machinery & Vehicles

End-of-day quote Thailand S.E. 06:00:00 2024-05-07 pm EDT 5-day change 1st Jan Change
9.05 THB -1.63% Intraday chart for Nex Point -0.55% -9.50%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,033 32,652 30,642 20,218 18,069 - -
Enterprise Value (EV) 1 7,033 32,652 30,232 19,556 18,069 18,069 18,069
P/E ratio -27.8 x -305 x 166 x 27 x 14.1 x 9.89 x 9 x
Yield - - - - 2.21% 3.87% 5.52%
Capitalization / Revenue - 49 x 4.67 x 2.17 x 1.29 x 1.03 x 0.95 x
EV / Revenue - 49 x 4.67 x 2.17 x 1.29 x 1.03 x 0.95 x
EV / EBITDA - -859 x 139 x 36 x 20.5 x 15.4 x 13.9 x
EV / FCF - 108 x -70.5 x 2,184 x 29.9 x 13.9 x 11.7 x
FCF Yield - 0.93% -1.42% 0.05% 3.35% 7.22% 8.58%
Price to Book - 11.4 x 11.3 x 4.89 x 3.48 x 2.83 x 2.51 x
Nbr of stocks (in thousands) 1,674,453 1,674,453 1,674,453 2,021,827 1,996,550 - -
Reference price 2 4.200 19.50 18.30 10.00 9.050 9.050 9.050
Announcement Date 2/24/21 2/25/22 2/24/23 2/23/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 666.5 6,564 9,299 13,968 17,488 18,982
EBITDA 1 - -38.02 220.5 562.1 881.5 1,172 1,304
EBIT 1 - -123.5 120.7 465.7 765.5 1,041 1,159
Operating Margin - -18.53% 1.84% 5.01% 5.48% 5.95% 6.11%
Earnings before Tax (EBT) 1 - -124.2 158.6 552.8 863 1,150 1,291
Net income 1 -213.6 -106.9 208.4 725.3 1,310 1,804 1,992
Net margin - -16.04% 3.17% 7.8% 9.38% 10.32% 10.5%
EPS 2 -0.1510 -0.0640 0.1100 0.3700 0.6400 0.9150 1.005
Free Cash Flow 1 - 303.4 -434.9 9.259 604.5 1,304 1,550
FCF margin - 45.52% -6.63% 0.1% 4.33% 7.46% 8.17%
FCF Conversion (EBITDA) - - - 1.65% 68.58% 111.35% 118.86%
FCF Conversion (Net income) - - - 1.28% 46.16% 72.31% 77.82%
Dividend per Share 2 - - - - 0.2000 0.3500 0.5000
Announcement Date 2/24/21 2/25/22 2/24/23 2/23/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales - 160.3 - - - - - - 2,085 - -
EBITDA - -3.919 - - - - - - - - -
EBIT - -27.03 - - - - - - - - -
Operating Margin - -16.86% - - - - - - - - -
Earnings before Tax (EBT) - -48.56 - - - - - - 140.6 - -
Net income 1 -19.58 -16.49 -59.42 7.947 322.6 152.1 352.5 66.15 154.5 204 350
Net margin - -10.29% - - - - - - 7.41% - -
EPS -0.0120 -0.0100 -0.0400 - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 11/11/21 2/25/22 8/15/22 11/11/22 2/24/23 5/12/23 8/11/23 11/10/23 2/23/24 - -
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - 410 662 - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 303 -435 9.26 605 1,305 1,551
ROE (net income / shareholders' equity) - -3.67% 7.03% 19% 28.2% 31.3% 28.8%
ROA (Net income/ Total Assets) - -2.84% 3.5% 7.63% 10.3% 11.3% 10.7%
Assets 1 - 3,765 5,952 9,510 12,776 16,036 18,709
Book Value Per Share 2 - 1.710 1.630 2.050 2.600 3.200 3.600
Cash Flow per Share 2 - 0.1800 -0.2000 0.0800 0.4000 1.000 1.100
Capex 1 - 32.8 57.7 149 154 158 158
Capex / Sales - 4.92% 0.88% 1.6% 1.1% 0.9% 0.83%
Announcement Date 2/24/21 2/25/22 2/24/23 2/23/24 - - -
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
BUY
Number of Analysts
2
Last Close Price
9.05 THB
Average target price
14.25 THB
Spread / Average Target
+57.46%
Consensus

Annual profits - Rate of surprise

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