THAI EASTERN GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.78 THB | -0.71% |
|
0.00% | -0.71% |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Capitalization 1 | 5,119 | 3,024 | 3,002 | - |
| Enterprise Value (EV) 1 | 7,762 | 3,024 | 5,385 | 5,279 |
| P/E ratio | 6.08 x | - | 7.94 x | 5.91 x |
| Yield | 5.49% | - | 3.96% | 5.04% |
| Capitalization / Revenue | 0.33 x | 0.25 x | 0.21 x | 0.19 x |
| EV / Revenue | 0.5 x | 0.25 x | 0.37 x | 0.34 x |
| EV / EBITDA | 6.9 x | 4.53 x | 6.47 x | 5.49 x |
| EV / FCF | 11.2 x | - | 12.3 x | 24 x |
| FCF Yield | 8.96% | - | 8.13% | 4.17% |
| Price to Book | 1.58 x | - | 0.82 x | 0.75 x |
| Nbr of stocks (in thousands) | 1,080,000 | 1,080,000 | 1,080,000 | - |
| Reference price 2 | 4.740 | 2.800 | 2.780 | 2.780 |
| Announcement Date | 2/27/23 | 2/28/24 | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net sales 1 | - | 15,403 | 12,143 | 14,596 | 15,675 |
| EBITDA 1 | - | 1,124 | 668.2 | 832 | 961 |
| EBIT 1 | - | 804.1 | 337.4 | 475 | 587 |
| Operating Margin | - | 5.22% | 2.78% | 3.25% | 3.74% |
| Earnings before Tax (EBT) 1 | - | 692.3 | 236.1 | 411 | 540 |
| Net income 1 | 562.5 | 684 | 214.9 | 382 | 502 |
| Net margin | - | 4.44% | 1.77% | 2.62% | 3.2% |
| EPS 2 | 78.15 | 0.7800 | - | 0.3500 | 0.4700 |
| Free Cash Flow 1 | - | 695.2 | - | 438 | 220 |
| FCF margin | - | 4.51% | - | 3% | 1.4% |
| FCF Conversion (EBITDA) | - | 61.84% | - | 52.64% | 22.89% |
| FCF Conversion (Net income) | - | 101.64% | - | 114.66% | 43.82% |
| Dividend per Share 2 | - | 0.2600 | - | 0.1100 | 0.1400 |
| Announcement Date | 3/31/22 | 2/27/23 | 2/28/24 | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 4,249 | 3,595 | 3,178 | - | 2,938 |
| EBITDA 1 | - | 312.7 | 215.2 | 206.1 | - | 186.3 |
| EBIT 1 | - | 231.6 | 131.4 | 121.4 | - | 104.1 |
| Operating Margin | - | 5.45% | 3.65% | 3.82% | - | 3.54% |
| Earnings before Tax (EBT) 1 | - | 153.4 | 159.5 | 110.9 | - | 71.21 |
| Net income 1 | 211.2 | 154 | 162.8 | 102.6 | 40.28 | 68.5 |
| Net margin | - | 3.62% | 4.53% | 3.23% | - | 2.33% |
| EPS | 0.2610 | 0.1870 | 0.1350 | 0.0950 | 0.0370 | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 9/29/22 | 11/14/22 | 2/27/23 | 5/10/23 | 11/10/23 | 2/28/24 |
1THB in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Debt 1 | - | 2,643 | - | 2,383 | 2,277 |
| Net Cash position 1 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 2.351 x | - | 2.864 x | 2.369 x |
| Free Cash Flow 1 | - | 695 | - | 438 | 220 |
| ROE (net income / shareholders' equity) | - | 25.7% | - | 10.4% | 12.5% |
| ROA (Net income/ Total Assets) | - | 10.2% | - | 5.4% | 7% |
| Assets 1 | - | 6,710 | - | 7,074 | 7,171 |
| Book Value Per Share 2 | - | 3.000 | - | 3.400 | 3.700 |
| Cash Flow per Share | - | - | - | - | - |
| Capex 1 | - | 358 | - | 380 | 380 |
| Capex / Sales | - | 2.32% | - | 2.6% | 2.42% |
| Announcement Date | 3/31/22 | 2/27/23 | 2/28/24 | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
2.78
THB
Average target price
3.6
THB
Spread / Average Target
+29.50%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.71% | 81.07M | |
| +15.15% | 29.25B | |
| +9.74% | 27.19B | |
| +40.43% | 7.18B | |
| +22.39% | 4.04B | |
| -17.32% | 3.36B | |
| +41.51% | 3.29B | |
| +20.79% | 3.09B | |
| +21.78% | 2.81B | |
| -3.24% | 2.24B |
- Stock Market
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- TEGH Stock
- Financials Thai Eastern Group
