THAI NIPPON RUBBER INDUSTRY PUBLIC CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.65 THB | +0.52% |
|
+3.76% | -0.52% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,925 | 2,730 | 3,990 | 2,730 | 3,720 | 2,910 |
| Enterprise Value (EV) 1 | 3,178 | 3,157 | 4,325 | 3,162 | 4,130 | 3,262 |
| P/E ratio | 10.7 x | 27.3 x | 35.8 x | -5.87 x | 14.2 x | 14.4 x |
| Yield | 2.05% | 2.64% | 1.95% | - | 4.03% | 5.15% |
| Capitalization / Revenue | 1.9 x | 1.57 x | 2.27 x | 1.65 x | 1.87 x | 1.49 x |
| EV / Revenue | 2.07 x | 1.81 x | 2.47 x | 1.91 x | 2.08 x | 1.67 x |
| EV / EBITDA | 15.3 x | 12.5 x | 15.9 x | -26.4 x | 10.5 x | 9.42 x |
| EV / FCF | -12.9 x | -9.81 x | 24.4 x | -214 x | 83.3 x | 24.3 x |
| FCF Yield | -7.74% | -10.2% | 4.1% | -0.47% | 1.2% | 4.11% |
| Price to Book | 2.46 x | 2.22 x | 3.17 x | 3.79 x | 3.98 x | 3.03 x |
| Nbr of stocks (in thousands) | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 |
| Reference price 2 | 9.750 | 9.100 | 13.30 | 9.100 | 12.40 | 9.700 |
| Announcement Date | 2/25/19 | 2/26/20 | 2/24/21 | 2/23/22 | 2/27/23 | 2/27/24 |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,536 | 1,744 | 1,754 | 1,654 | 1,984 | 1,957 |
| EBITDA 1 | 207.3 | 253.4 | 271.8 | -119.9 | 394.8 | 346.2 |
| EBIT 1 | 93.6 | 119.7 | 140.8 | -241.3 | 307.2 | 254.2 |
| Operating Margin | 6.1% | 6.86% | 8.03% | -14.59% | 15.48% | 12.99% |
| Earnings before Tax (EBT) 1 | 278.6 | 108.9 | 107.5 | -574.8 | 294.9 | 224.4 |
| Net income 1 | 274.1 | 100.1 | 111.4 | -464.8 | 262.3 | 202 |
| Net margin | 17.85% | 5.74% | 6.35% | -28.11% | 13.22% | 10.32% |
| EPS 2 | 0.9138 | 0.3337 | 0.3714 | -1.549 | 0.8744 | 0.6734 |
| Free Cash Flow 1 | -246 | -321.8 | 177.3 | -14.75 | 49.59 | 134 |
| FCF margin | -16.02% | -18.45% | 10.11% | -0.89% | 2.5% | 6.85% |
| FCF Conversion (EBITDA) | - | - | 65.26% | - | 12.56% | 38.71% |
| FCF Conversion (Net income) | - | - | 159.14% | - | 18.91% | 66.33% |
| Dividend per Share 2 | 0.2000 | 0.2400 | 0.2600 | - | 0.5000 | 0.5000 |
| Announcement Date | 2/25/19 | 2/26/20 | 2/24/21 | 2/23/22 | 2/27/23 | 2/27/24 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 253 | 427 | 335 | 432 | 410 | 352 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.219 x | 1.686 x | 1.233 x | -3.599 x | 1.038 x | 1.016 x |
| Free Cash Flow 1 | -246 | -322 | 177 | -14.7 | 49.6 | 134 |
| ROE (net income / shareholders' equity) | 24.9% | 8.29% | 8.97% | -47% | 31.7% | 21.3% |
| ROA (Net income/ Total Assets) | 3.6% | 3.74% | 4.35% | -8.29% | 11.4% | 8.89% |
| Assets 1 | 7,616 | 2,675 | 2,564 | 5,609 | 2,302 | 2,273 |
| Book Value Per Share 2 | 3.960 | 4.090 | 4.190 | 2.400 | 3.110 | 3.200 |
| Cash Flow per Share 2 | 0.2900 | 0.1600 | 0.2400 | 0.1400 | 0.2300 | 0.3100 |
| Capex 1 | 72.1 | 45.7 | 61.5 | 79.7 | 146 | 76.6 |
| Capex / Sales | 4.7% | 2.62% | 3.51% | 4.82% | 7.34% | 3.91% |
| Announcement Date | 2/25/19 | 2/26/20 | 2/24/21 | 2/23/22 | 2/27/23 | 2/27/24 |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -0.52% | 78.75M | |
| +72.77% | 322M | |
| +10.96% | 180M | |
| +7.23% | 68.04M |
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