UNION AUCTION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.65 THB | -1.70% |
|
-4.95% | -24.12% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,905 | 5,445 | 5,665 | 5,170 | 6,270 | 4,758 | - | - |
| Enterprise Value (EV) 1 | 3,832 | 5,445 | 5,497 | 5,072 | 6,270 | 4,296 | 4,758 | 4,758 |
| P/E ratio | 16.5 x | 24.1 x | 22.4 x | 20.4 x | 18.1 x | 12.5 x | 12.2 x | 12.7 x |
| Yield | 5.63% | 4.14% | 4.37% | 3.24% | - | 7.8% | 7.98% | - |
| Capitalization / Revenue | 4.86 x | 6.27 x | 6.32 x | 5.46 x | 5.09 x | 3.61 x | 3.52 x | - |
| EV / Revenue | 4.77 x | 6.27 x | 6.13 x | 5.36 x | 5.09 x | 3.26 x | 3.52 x | - |
| EV / EBITDA | 11.2 x | - | 11.7 x | 10.8 x | 10.6 x | 6.62 x | 6.95 x | - |
| EV / FCF | - | - | 15.6 x | 19.5 x | - | 10.1 x | - | - |
| FCF Yield | - | - | 6.42% | 5.12% | - | 9.89% | - | - |
| Price to Book | 7.55 x | 10.8 x | 10.5 x | 9.33 x | - | 7.79 x | 7.59 x | - |
| Nbr of stocks (in thousands) | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | - | - |
| Reference price 2 | 7.100 | 9.900 | 10.30 | 9.400 | 11.40 | 8.650 | 8.650 | 8.650 |
| Announcement Date | 2/28/20 | 2/25/21 | 2/25/22 | 2/20/23 | 2/16/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 803.4 | 869.1 | 896.8 | 947.1 | 1,232 | 1,317 | 1,352 | - |
| EBITDA 1 | 341.8 | - | 467.9 | 468.4 | 593.7 | 649 | 684.5 | - |
| EBIT 1 | 293.4 | - | 340.3 | 335.3 | 451.9 | 488 | - | - |
| Operating Margin | 36.52% | - | 37.94% | 35.41% | 36.67% | 37.04% | - | - |
| Earnings before Tax (EBT) 1 | 293.4 | - | 322.1 | 316.9 | 436.1 | 462 | 458 | - |
| Net income 1 | 234.2 | 228 | 256.1 | 251.2 | 347.9 | 381.3 | 390.5 | - |
| Net margin | 29.16% | 26.23% | 28.56% | 26.53% | 28.23% | 28.95% | 28.88% | - |
| EPS 2 | 0.4300 | 0.4100 | 0.4600 | 0.4600 | 0.6300 | 0.6933 | 0.7100 | 0.6800 |
| Free Cash Flow 1 | - | - | 352.8 | 259.5 | - | 425 | - | - |
| FCF margin | - | - | 39.34% | 27.4% | - | 32.26% | - | - |
| FCF Conversion (EBITDA) | - | - | 75.4% | 55.4% | - | 65.49% | - | - |
| FCF Conversion (Net income) | - | - | 137.77% | 103.29% | - | 111.45% | - | - |
| Dividend per Share 2 | 0.4000 | 0.4100 | 0.4500 | 0.3050 | - | 0.6750 | 0.6900 | - |
| Announcement Date | 2/28/20 | 2/25/21 | 2/25/22 | 2/20/23 | 2/16/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 238.1 | - | 287.5 | - | 268.6 | 326.9 | 329.4 |
| EBITDA 1 | - | - | - | 154.8 | - | 120.2 | 160.3 | 157.1 |
| EBIT 1 | - | 104.8 | - | 121.8 | - | 85.75 | 121.6 | 119.7 |
| Operating Margin | - | 44.01% | - | 42.38% | - | 31.92% | 37.2% | 36.36% |
| Earnings before Tax (EBT) 1 | - | 102.4 | - | 118.3 | - | 81.75 | 117.3 | 117.3 |
| Net income 1 | 60.13 | 81.51 | 66.86 | 94.52 | 95.69 | 65.21 | 93.87 | 93.16 |
| Net margin | - | 34.23% | - | 32.87% | - | 24.28% | 28.71% | 28.29% |
| EPS 2 | 0.1100 | 0.1400 | 0.1200 | - | 0.1700 | - | 0.1700 | 0.1700 |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 11/12/21 | 2/25/22 | 11/11/22 | 2/20/23 | 4/15/23 | 8/11/23 | 11/10/23 | 2/16/24 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | 72.6 | - | 168 | 98.4 | - | 462 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 353 | 260 | - | 425 | - |
| ROE (net income / shareholders' equity) | 47.2% | 44.5% | 49% | 46% | - | 62.6% | 61.6% |
| ROA (Net income/ Total Assets) | 29.5% | - | 14.2% | 13.8% | - | 18.9% | 18.7% |
| Assets 1 | 793 | - | 1,802 | 1,816 | - | 2,023 | 2,084 |
| Book Value Per Share 2 | 0.9400 | 0.9200 | 0.9800 | 1.010 | - | 1.110 | 1.140 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 62.9 | - | 54.9 | 40.5 | - | 80 | - |
| Capex / Sales | 7.82% | - | 6.12% | 4.27% | - | 6.07% | - |
| Announcement Date | 2/28/20 | 2/25/21 | 2/25/22 | 2/20/23 | 2/16/24 | - | - |
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
BUY
Number of Analysts
3
Last Close Price
8.65
THB
Average target price
12.67
THB
Spread / Average Target
+46.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -24.12% | 129M | |
| +4.93% | 198B | |
| -4.19% | 195B | |
| -4.42% | 95.94B | |
| +46.15% | 94.95B | |
| +3.76% | 82.67B | |
| +12.65% | 53.07B | |
| +13.82% | 25.14B | |
| -7.38% | 8.92B | |
| -19.45% | 5.31B |
- Stock Market
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- AUCT Stock
- Financials Union Auction
