Financials S&P Syndicate

Equities

SNP

TH0146B10Z07

Restaurants & Bars

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
14.3 THB 0.00% Intraday chart for S&P Syndicate +2.14% -13.86%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 9,563 7,699 6,277 7,847 9,377 8,544
Enterprise Value (EV) 1 8,780 6,861 7,259 7,861 9,302 8,614
P/E ratio 23.9 x 24.5 x 34.3 x 23.2 x 20.4 x 17.7 x
Yield 3.74% 3.57% 2.34% 3.94% 4.37% 6.02%
Capitalization / Revenue 1.26 x 1.05 x 1.21 x 1.63 x 1.64 x 1.37 x
EV / Revenue 1.15 x 0.94 x 1.4 x 1.63 x 1.63 x 1.38 x
EV / EBITDA 12.2 x 11.3 x 12.3 x 14.3 x 12.9 x 11.3 x
EV / FCF 106 x 34.9 x 11.7 x 11.8 x 13.8 x 13.9 x
FCF Yield 0.94% 2.86% 8.56% 8.47% 7.23% 7.21%
Price to Book 3.79 x 3.09 x 2.66 x 3.17 x 3.47 x 3.14 x
Nbr of stocks (in thousands) 490,408 490,408 490,408 490,408 512,391 514,710
Reference price 2 19.50 15.70 12.80 16.00 18.30 16.60
Announcement Date 2/28/19 2/26/20 2/24/21 2/21/22 2/23/23 2/20/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 7,608 7,312 5,199 4,817 5,712 6,224
EBITDA 1 721.2 605.8 588.5 550.2 719.3 765
EBIT 1 350.6 276.2 333.4 354.4 525.9 544.5
Operating Margin 4.61% 3.78% 6.41% 7.36% 9.21% 8.75%
Earnings before Tax (EBT) 1 438.1 340.7 218 399.9 560.6 585.9
Net income 1 400.2 314.4 183 340 460.4 485.2
Net margin 5.26% 4.3% 3.52% 7.06% 8.06% 7.8%
EPS 2 0.8161 0.6411 0.3732 0.6900 0.8992 0.9400
Free Cash Flow 1 82.95 196.6 621.1 666 672.5 621.4
FCF margin 1.09% 2.69% 11.95% 13.83% 11.77% 9.98%
FCF Conversion (EBITDA) 11.5% 32.45% 105.54% 121.04% 93.49% 81.23%
FCF Conversion (Net income) 20.73% 62.52% 339.37% 195.86% 146.08% 128.06%
Dividend per Share 2 0.7300 0.5600 0.3000 0.6300 0.8000 1.000
Announcement Date 2/28/19 2/26/20 2/24/21 2/21/22 2/23/23 2/20/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 982 14.6 - 69.9
Net Cash position 1 783 838 - - 74.5 -
Leverage (Debt/EBITDA) - - 1.669 x 0.0265 x - 0.0914 x
Free Cash Flow 1 82.9 197 621 666 673 621
ROE (net income / shareholders' equity) 14.5% 11.9% 7.37% 13.6% 17.3% 17.7%
ROA (Net income/ Total Assets) 5.47% 4.35% 4.49% 4.35% 6.33% 6.56%
Assets 1 7,314 7,221 4,076 7,818 7,277 7,393
Book Value Per Share 2 5.140 5.080 4.810 5.040 5.270 5.290
Cash Flow per Share 2 1.600 1.380 1.180 1.920 2.110 1.390
Capex 1 501 244 215 282 323 294
Capex / Sales 6.58% 3.33% 4.14% 5.85% 5.65% 4.73%
Announcement Date 2/28/19 2/26/20 2/24/21 2/21/22 2/23/23 2/20/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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