Financials Vintcom Technology

Equities

VCOM

TH8343010006

Computer Hardware

End-of-day quote Thailand S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
3.38 THB -0.59% Intraday chart for Vintcom Technology +1.81% -10.11%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 900 840 1,338 2,272 1,596 1,154
Enterprise Value (EV) 1 897.7 585.5 1,315 2,187 1,496 881.7
P/E ratio 15.4 x 12.6 x 14.9 x 17.8 x 14.3 x 13.1 x
Yield 4% 5.71% 4.48% 3.65% 5.77% 7.98%
Capitalization / Revenue 0.5 x 0.47 x 0.59 x 1.22 x 0.79 x 0.55 x
EV / Revenue 0.5 x 0.33 x 0.58 x 1.18 x 0.74 x 0.42 x
EV / EBITDA 9.82 x 5.48 x 9.21 x 11.7 x 8.25 x 5.03 x
EV / FCF -5.39 x 1.78 x 43.8 x 27.1 x 14.5 x 3.27 x
FCF Yield -18.6% 56.3% 2.28% 3.69% 6.9% 30.5%
Price to Book 2.2 x 1.91 x 2.97 x 4.05 x 2.73 x 1.99 x
Nbr of stocks (in thousands) 300,000 300,000 300,000 307,005 307,005 307,005
Reference price 2 3.000 2.800 4.460 7.400 5.200 3.760
Announcement Date 2/28/19 2/27/20 2/22/21 2/28/22 2/27/23 2/28/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,801 1,774 2,283 1,857 2,012 2,092
EBITDA 1 91.38 106.9 142.7 187.3 181.2 175.2
EBIT 1 79.2 91.58 130.3 176.6 173.2 166.8
Operating Margin 4.4% 5.16% 5.71% 9.51% 8.61% 7.97%
Earnings before Tax (EBT) 1 89.43 95.17 124.9 185.9 164.7 144.4
Net income 1 58.42 66.78 89.72 126.5 111.9 88.36
Net margin 3.24% 3.76% 3.93% 6.81% 5.56% 4.22%
EPS 2 0.1947 0.2226 0.2991 0.4157 0.3645 0.2878
Free Cash Flow 1 -166.7 329.8 30.02 80.79 103.2 269.2
FCF margin -9.25% 18.59% 1.31% 4.35% 5.13% 12.87%
FCF Conversion (EBITDA) - 308.59% 21.04% 43.14% 56.93% 153.64%
FCF Conversion (Net income) - 493.8% 33.46% 63.84% 92.2% 304.71%
Dividend per Share 2 0.1200 0.1600 0.2000 0.2700 0.3000 0.3000
Announcement Date 2/28/19 2/27/20 2/22/21 2/28/22 2/27/23 2/28/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2.32 255 23.4 85.1 100 273
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -167 330 30 80.8 103 269
ROE (net income / shareholders' equity) 16.5% 16.8% 21% 26.4% 21.9% 17.9%
ROA (Net income/ Total Assets) 4.95% 4.68% 6.21% 8.04% 7.93% 7.17%
Assets 1 1,179 1,427 1,445 1,574 1,412 1,232
Book Value Per Share 2 1.370 1.470 1.500 1.830 1.910 1.890
Cash Flow per Share 2 0.6200 0.8700 0.9500 0.5500 0.7000 1.020
Capex 1 5.94 17.3 6.68 5.22 6.56 7.43
Capex / Sales 0.33% 0.98% 0.29% 0.28% 0.33% 0.36%
Announcement Date 2/28/19 2/27/20 2/22/21 2/28/22 2/27/23 2/28/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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