Financials Samart Corporation

Equities

SAMART

TH0374010Z09

IT Services & Consulting

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
6.5 THB +2.36% Intraday chart for Samart Corporation +5.69% +47.06%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,391 6,844 5,485 6,240 5,586 4,449
Enterprise Value (EV) 1 15,200 15,666 13,615 14,579 14,201 9,237
P/E ratio -5.94 x 16.1 x -17.7 x -16 x -5.85 x -11.4 x
Yield 1.57% 2.21% - - - -
Capitalization / Revenue 0.52 x 0.48 x 0.59 x 0.88 x 0.59 x 0.43 x
EV / Revenue 1.24 x 1.11 x 1.47 x 2.06 x 1.51 x 0.9 x
EV / EBITDA 11.5 x 5.72 x 12.8 x 33.3 x 14.5 x 6.56 x
EV / FCF 7.28 x -12.6 x 7.22 x -22.4 x -39.9 x 37.8 x
FCF Yield 13.7% -7.96% 13.9% -4.47% -2.51% 2.65%
Price to Book 1.93 x 1.87 x 1.8 x 1.84 x 2.09 x 0.92 x
Nbr of stocks (in thousands) 1,006,504 1,006,504 1,006,504 1,006,504 1,006,504 1,006,504
Reference price 2 6.350 6.800 5.450 6.200 5.550 4.420
Announcement Date 2/26/19 2/25/20 2/23/21 2/25/22 2/23/23 2/22/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 12,249 14,134 9,253 7,078 9,398 10,254
EBITDA 1 1,326 2,740 1,064 437.7 978.2 1,407
EBIT 1 -195.3 1,202 -64.53 -30.82 326.3 591
Operating Margin -1.59% 8.5% -0.7% -0.44% 3.47% 5.76%
Earnings before Tax (EBT) 1 -813.9 562.8 -337.3 -413.7 -850.7 -495.3
Net income 1 -1,076 426 -309.1 -389.1 -955.2 -389.9
Net margin -8.78% 3.01% -3.34% -5.5% -10.16% -3.8%
EPS 2 -1.069 0.4233 -0.3071 -0.3866 -0.9490 -0.3874
Free Cash Flow 1 2,087 -1,247 1,887 -651.3 -356 244.4
FCF margin 17.04% -8.82% 20.39% -9.2% -3.79% 2.38%
FCF Conversion (EBITDA) 157.47% - 177.31% - - 17.37%
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.1000 0.1500 - - - -
Announcement Date 2/26/19 2/25/20 2/23/21 2/25/22 2/23/23 2/22/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 8,808 8,822 8,129 8,339 8,615 4,788
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.645 x 3.22 x 7.639 x 19.05 x 8.807 x 3.403 x
Free Cash Flow 1 2,087 -1,247 1,887 -651 -356 244
ROE (net income / shareholders' equity) -22.8% 10.5% -9.47% -10.3% -31.1% -12.7%
ROA (Net income/ Total Assets) -0.56% 3.52% -0.21% -0.11% 1.09% 1.92%
Assets 1 192,456 12,094 150,507 365,680 -87,790 -20,291
Book Value Per Share 2 3.290 3.650 3.020 3.360 2.660 4.820
Cash Flow per Share 2 2.650 1.900 1.590 1.300 1.630 2.440
Capex 1 2,009 1,119 2,148 1,000 1,192 411
Capex / Sales 16.4% 7.92% 23.22% 14.13% 12.68% 4.01%
Announcement Date 2/26/19 2/25/20 2/23/21 2/25/22 2/23/23 2/22/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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