Financials SVI

Equities

SVI

TH0152A10Z09

Electronic Equipment & Parts

End-of-day quote Thailand S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
7 THB +2.19% Intraday chart for SVI +3.70% 0.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,752 9,216 17,010 20,778 15,072 15,072 - -
Enterprise Value (EV) 1 9,496 11,151 20,828 24,988 15,072 18,244 18,022 15,072
P/E ratio 21.2 x 13.4 x 12.2 x 11.8 x 16.3 x 12.7 x 11.2 x 10 x
Yield 3.06% 2.57% 2.91% 2.38% 3.71% 2.29% 2.7% -
Capitalization / Revenue 0.52 x 0.6 x 0.98 x 0.8 x 0.66 x 0.59 x 0.55 x 0.52 x
EV / Revenue 0.63 x 0.73 x 1.2 x 0.96 x 0.66 x 0.71 x 0.66 x 0.52 x
EV / EBITDA 10.8 x 11.7 x 13.3 x 13.1 x 11.3 x 11 x 9.33 x 7.58 x
EV / FCF 6.98 x 14.4 x -15.6 x 198 x 11.2 x -54.8 x 28.5 x -
FCF Yield 14.3% 6.93% -6.39% 0.51% 8.97% -1.83% 3.51% -
Price to Book 2.24 x 2.28 x 3.27 x 3.21 x - 1.96 x 1.78 x -
Nbr of stocks (in thousands) 2,153,210 2,153,210 2,153,210 2,153,210 2,153,210 2,153,210 - -
Reference price 2 3.600 4.280 7.900 9.650 7.000 7.000 7.000 7.000
Announcement Date 2/13/20 2/19/21 2/17/22 2/16/23 2/6/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 14,962 15,282 17,400 25,898 22,691 25,571 27,393 29,070
EBITDA 1 878.8 955.9 1,569 1,910 1,329 1,657 1,932 1,989
EBIT 1 522.9 687 1,329 1,639 1,027 1,301 1,497 1,715
Operating Margin 3.49% 4.5% 7.64% 6.33% 4.53% 5.09% 5.47% 5.9%
Earnings before Tax (EBT) 1 445.6 711.6 1,396 1,825 1,010 1,229 1,470 1,695
Net income 1 371.7 686.5 1,408 1,772 924.5 1,132 1,354 1,585
Net margin 2.48% 4.49% 8.09% 6.84% 4.07% 4.43% 4.94% 5.45%
EPS 2 0.1700 0.3200 0.6500 0.8200 0.4300 0.5518 0.6262 0.7000
Free Cash Flow 1 1,360 773.1 -1,331 126.3 1,352 -333 632.5 -
FCF margin 9.09% 5.06% -7.65% 0.49% 5.96% -1.3% 2.31% -
FCF Conversion (EBITDA) 154.72% 80.87% - 6.61% 101.67% - 32.73% -
FCF Conversion (Net income) 365.83% 112.62% - 7.13% 146.22% - 46.72% -
Dividend per Share 2 0.1100 0.1100 0.2300 0.2300 0.2600 0.1600 0.1893 -
Announcement Date 2/13/20 2/19/21 2/17/22 2/16/23 2/6/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 4,414 5,695 5,715 5,960 7,015 7,209 - - 5,565 5,287 -
EBITDA - 608.2 - 369.8 - - - - 388.3 - -
EBIT 505.8 545.9 - 303.3 518 - 240.9 - 277 - -
Operating Margin 11.46% 9.59% - 5.09% 7.38% - - - 4.98% - -
Earnings before Tax (EBT) 523 - - 429.7 614.2 - 179.9 - 342 - -
Net income 1 520.5 573.6 262 421.6 598.3 490 147.2 281 275 221.2 300
Net margin 11.79% 10.07% 4.58% 7.07% 8.53% 6.8% - - 4.94% 4.18% -
EPS 0.2400 - - - 0.2800 - 0.0700 - 0.1300 - -
Dividend per Share - - - - - - - - - - -
Announcement Date 11/10/21 2/17/22 5/11/22 8/11/22 11/7/22 2/16/23 5/11/23 8/6/23 11/13/23 2/6/24 -
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,744 1,935 3,818 4,210 - 3,172 2,950 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.985 x 2.024 x 2.433 x 2.204 x - 1.914 x 1.526 x -
Free Cash Flow 1 1,360 773 -1,331 126 1,352 -333 633 -
ROE (net income / shareholders' equity) 6.69% 18.3% 30.5% 28.2% 13.9% 15.6% 16.5% 16.6%
ROA (Net income/ Total Assets) 3.07% 6.25% 10.9% 10.3% 5.69% 6.95% 7.7% 4.5%
Assets 1 12,119 10,989 12,856 17,234 16,254 16,283 17,582 35,229
Book Value Per Share 2 1.610 1.880 2.420 3.010 - 3.570 3.940 -
Cash Flow per Share 2 0.7800 0.5100 0.8300 0.9900 0.8300 0.6700 0.7800 -
Capex 1 329 329 288 581 435 476 494 -
Capex / Sales 2.2% 2.15% 1.65% 2.24% 1.92% 1.86% 1.8% -
Announcement Date 2/13/20 2/19/21 2/17/22 2/16/23 2/6/24 - - -
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
HOLD
Number of Analysts
4
Last Close Price
7 THB
Average target price
7.275 THB
Spread / Average Target
+3.93%
Consensus