Financials Nirvana Daii

Equities

NVD

TH6502A10Y04

Real Estate Development & Operations

End-of-day quote Thailand S.E. 06:00:00 2024-06-09 pm EDT 5-day change 1st Jan Change
1.78 THB +1.71% Intraday chart for Nirvana Daii -1.11% -9.64%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,175 2,582 2,982 4,169 3,106 3,060
Enterprise Value (EV) 1 7,883 8,900 9,858 10,535 9,342 10,705
P/E ratio 11.5 x 90.8 x -58.4 x 10.2 x 15.5 x 15.2 x
Yield 8.26% 2.14% - 0.46% 3% 1.32%
Capitalization / Revenue 1.07 x 0.95 x 1.21 x 1.38 x 1.21 x 1.51 x
EV / Revenue 2.67 x 3.29 x 3.99 x 3.49 x 3.64 x 5.3 x
EV / EBITDA 19.4 x 40 x 49.6 x -1,082 x 30.9 x 78.4 x
EV / FCF -1.82 x -10.3 x -16.3 x 32 x -8.91 x -20.5 x
FCF Yield -55% -9.68% -6.12% 3.12% -11.2% -4.87%
Price to Book 0.68 x 0.56 x 0.67 x 0.85 x 0.61 x 0.61 x
Nbr of stocks (in thousands) 1,553,175 1,553,175 1,553,175 1,553,175 1,553,174 1,553,176
Reference price 2 2.044 1.662 1.920 2.684 2.000 1.970
Announcement Date 2/20/19 2/20/20 2/23/21 2/23/22 2/21/23 2/27/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,955 2,707 2,468 3,022 2,569 2,022
EBITDA 1 406.4 222.7 198.7 -9.735 302.3 136.5
EBIT 1 358.8 158.6 121.7 -74.66 259.8 101.1
Operating Margin 12.14% 5.86% 4.93% -2.47% 10.11% 5%
Earnings before Tax (EBT) 1 397.8 129.5 42.99 619.5 284.3 294.5
Net income 1 276.9 28.43 -51.04 408.3 201 201.1
Net margin 9.37% 1.05% -2.07% 13.51% 7.82% 9.95%
EPS 2 0.1783 0.0183 -0.0329 0.2629 0.1294 0.1295
Free Cash Flow 1 -4,338 -862 -603.7 329.1 -1,048 -521.6
FCF margin -146.78% -31.84% -24.46% 10.89% -40.79% -25.8%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - 80.6% - -
Dividend per Share 2 0.1689 0.0356 - 0.0123 0.0600 0.0260
Announcement Date 2/20/19 2/20/20 2/23/21 2/23/22 2/21/23 2/27/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 4,708 6,318 6,876 6,365 6,235 7,645
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 11.59 x 28.38 x 34.6 x -653.8 x 20.63 x 56.02 x
Free Cash Flow 1 -4,338 -862 -604 329 -1,048 -522
ROE (net income / shareholders' equity) 6.83% 2.08% 0.45% 8.88% 4.3% 4.06%
ROA (Net income/ Total Assets) 2.02% 0.78% 0.6% -0.37% 1.24% 0.45%
Assets 1 13,705 3,636 -8,567 -110,379 16,152 44,906
Book Value Per Share 2 3.000 2.950 2.870 3.140 3.260 3.250
Cash Flow per Share 2 0.7100 0.2400 0.0900 0.0700 0.1900 0.1600
Capex 1 179 171 46.6 18.8 108 6.83
Capex / Sales 6.05% 6.33% 1.89% 0.62% 4.2% 0.34%
Announcement Date 2/20/19 2/20/20 2/23/21 2/23/22 2/21/23 2/27/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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