THAI STANLEY ELECTRIC |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 215 THB | 0.00% |
|
0.00% | +15.90% |
Valuation
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 17,394 | 9,463 | 14,022 | 13,486 | 13,869 | 16,474 | - | - |
| Enterprise Value (EV) 1 | 12,097 | 5,120 | 14,022 | 7,347 | 5,893 | 8,301 | 7,535 | 6,838 |
| P/E ratio | 8.8 x | 4.74 x | 13.2 x | 8.87 x | 7.95 x | 9.07 x | 8.67 x | 7.71 x |
| Yield | 3.63% | 6.68% | 3.01% | 4.83% | 11% | 5.28% | 5.63% | 6.53% |
| Capitalization / Revenue | 1.19 x | 0.62 x | 1.2 x | 0.99 x | 0.96 x | 1.1 x | 1.07 x | 0.96 x |
| EV / Revenue | 0.83 x | 0.34 x | 1.2 x | 0.54 x | 0.41 x | 0.55 x | 0.49 x | 0.4 x |
| EV / EBITDA | 3.91 x | 1.55 x | 5.73 x | 2.36 x | 1.92 x | 2.5 x | 2.2 x | 1.94 x |
| EV / FCF | -84.2 x | -22.9 x | 11 x | 4.46 x | 2.54 x | 4.98 x | 3.7 x | 3.66 x |
| FCF Yield | -1.19% | -4.36% | 9.05% | 22.4% | 39.3% | 20.1% | 27% | 27.3% |
| Price to Book | 1.09 x | 0.55 x | 0.75 x | 0.67 x | 0.65 x | 0.77 x | 0.77 x | 0.7 x |
| Nbr of stocks (in thousands) | 76,625 | 76,625 | 76,625 | 76,625 | 76,625 | 76,625 | - | - |
| Reference price 2 | 227.0 | 123.5 | 183.0 | 176.0 | 181.0 | 215.0 | 215.0 | 215.0 |
| Announcement Date | 5/17/19 | 5/15/20 | 5/14/21 | 5/20/22 | 5/22/23 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,635 | 15,150 | 11,728 | 13,582 | 14,448 | 14,974 | 15,451 | 17,245 |
| EBITDA 1 | 3,092 | 3,309 | 2,448 | 3,118 | 3,064 | 3,320 | 3,421 | 3,530 |
| EBIT 1 | 1,842 | 1,863 | 892.4 | 1,544 | 1,515 | 1,753 | 1,841 | 2,152 |
| Operating Margin | 12.59% | 12.3% | 7.61% | 11.37% | 10.49% | 11.71% | 11.92% | 12.48% |
| Earnings before Tax (EBT) 1 | 2,431 | 2,446 | - | 1,890 | 2,153 | 2,224 | 2,309 | 2,582 |
| Net income 1 | 1,978 | 1,997 | 1,061 | 1,521 | 1,746 | 1,817 | 1,900 | 2,138 |
| Net margin | 13.51% | 13.18% | 9.05% | 11.2% | 12.08% | 12.13% | 12.29% | 12.39% |
| EPS 2 | 25.81 | 26.07 | 13.85 | 19.85 | 22.78 | 23.71 | 24.79 | 27.90 |
| Free Cash Flow 1 | -143.6 | -223.1 | 1,269 | 1,646 | 2,319 | 1,667 | 2,038 | 1,869 |
| FCF margin | -0.98% | -1.47% | 10.82% | 12.12% | 16.05% | 11.13% | 13.19% | 10.84% |
| FCF Conversion (EBITDA) | - | - | 51.83% | 52.79% | 75.68% | 50.21% | 59.57% | 52.94% |
| FCF Conversion (Net income) | - | - | 119.57% | 108.24% | 132.82% | 91.76% | 107.28% | 87.42% |
| Dividend per Share 2 | 8.250 | 8.250 | 5.500 | 8.500 | 20.00 | 11.34 | 12.11 | 14.05 |
| Announcement Date | 5/17/19 | 5/15/20 | 5/14/21 | 5/20/22 | 5/22/23 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Maart | 2020 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 3,512 | 3,283 | - | 3,602 | 4,012 | 3,306 | 3,745 | - | 3,607 | 3,702 |
| EBITDA 1 | - | 723.8 | 602.9 | - | 658.5 | 955.7 | 638.4 | - | - | 786.7 | 820 |
| EBIT 1 | - | 393.5 | 278.7 | - | 337.4 | 575.4 | 239.5 | 328.3 | 567.8 | 395.6 | 427 |
| Operating Margin | - | 11.21% | 8.49% | - | 9.37% | 14.34% | 7.24% | 8.77% | - | 10.97% | 11.53% |
| Earnings before Tax (EBT) 1 | - | 495.1 | 396.5 | - | 469.8 | 697.9 | 393.4 | 603.1 | - | 553.9 | 569 |
| Net income 1 | 933.5 | 396.7 | 317.4 | 486.7 | 376.3 | 565.3 | 314.9 | 495.5 | 810.4 | 443 | 455 |
| Net margin | - | 11.3% | 9.67% | - | 10.45% | 14.09% | 9.53% | 13.23% | - | 12.28% | 12.29% |
| EPS 2 | 12.18 | 5.180 | 4.140 | 6.350 | 4.910 | 7.380 | 4.110 | 6.470 | 10.58 | 5.780 | 5.910 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/19 | 2/2/22 | 8/5/22 | 10/28/22 | 1/27/23 | 5/22/23 | 8/3/23 | 10/27/23 | 10/27/23 | 2/8/24 | - |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 5,297 | 4,343 | - | 6,139 | 7,976 | 8,174 | 8,940 | 9,636 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -144 | -223 | 1,269 | 1,646 | 2,319 | 1,667 | 2,038 | 1,869 |
| ROE (net income / shareholders' equity) | 13% | 11.9% | 5.89% | 7.85% | 8.45% | 8.57% | 8.9% | 9.35% |
| ROA (Net income/ Total Assets) | 10.9% | 10% | 5.06% | 6.82% | 7.37% | 7.47% | 7.77% | 8.25% |
| Assets 1 | 18,097 | 19,947 | 20,956 | 22,300 | 23,691 | 24,333 | 24,460 | 25,909 |
| Book Value Per Share 2 | 208.0 | 226.0 | 244.0 | 261.0 | 278.0 | 278.0 | 278.0 | 307.0 |
| Cash Flow per Share 2 | 32.70 | 40.10 | 37.50 | 33.60 | 39.10 | 40.60 | 44.00 | 46.30 |
| Capex 1 | 2,647 | 3,298 | 1,604 | 927 | 677 | 1,013 | 1,056 | 834 |
| Capex / Sales | 18.09% | 21.77% | 13.68% | 6.83% | 4.68% | 6.77% | 6.83% | 4.84% |
| Announcement Date | 5/17/19 | 5/15/20 | 5/14/21 | 5/20/22 | 5/22/23 | - | - | - |
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
BUY
Number of Analysts
3
Last Close Price
215
THB
Average target price
232.2
THB
Spread / Average Target
+8.00%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +15.90% | 445M | |
| +29.62% | 50.98B | |
| +25.77% | 20.39B | |
| -20.63% | 19.42B | |
| +31.67% | 17.27B | |
| +1.48% | 15.84B | |
| -18.75% | 13.35B | |
| +31.97% | 11.74B | |
| +28.58% | 10.66B | |
| +30.12% | 10.21B |
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- Financials Thai Stanley Electric
