Company Valuation: 3BB Internet Infrastructure Fund

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 82,400 64,400 50,000 41,600 50,400 52,400 52,400 -
Change - -21.84% -22.36% -16.8% 21.15% 3.97% 0% -
Enterprise Value (EV) 96,728 64,400 63,047 53,744 60,462 52,400 56,914 56,458
Change - -33.42% -2.1% -14.76% 12.5% -13.33% 8.61% -0.8%
P/E 9.58x 8.02x 13.7x -3.73x 9.55x 7.44x 34.5x 8.19x
PBR 0.93x 0.72x 0.59x 0.62x 0.75x 0.76x 0.8x 0.77x
PEG - -1.21x -0.3x 0x -0x 0.2x -0.5x 0x
Capitalization / Revenue 8.12x 6.35x 4.87x 4.41x 6.78x 7.03x 7.01x 6.98x
EV / Revenue 0x 0x 0x 0x 0x 7.04x 7.01x 6.98x
EV / EBITDA 0x 0x 0x 0x 0x 7.77x 7.78x 7.75x
EV / EBIT 0x 0x 0x 0x 0x 7.8x 7.73x 7.73x
EV / FCF - - 0x 0x 0x 8.08x 8.04x 7.92x
FCF Yield - - 18.7% 20.6% 16.9% 11.5% 12.4% 12.6%
Dividend per Share 2 0.99 0.95 0.92 0.69 - 0.5159 0.6248 0.6483
Rate of return 9.61% 11.8% 14.7% 13.3% - 7.88% 9.54% 9.9%
EPS 2 1.075 1.004 0.4563 -1.392 0.6599 0.8805 0.19 0.7999
Distribution rate 92.1% 94.6% 202% -49.6% - 58.6% 329% 81.1%
Net sales 1 10,144 10,144 10,269 9,437 7,429 7,459 7,472 7,509
EBITDA 1 9,531 9,519 9,617 8,770 6,723 6,753 6,734 6,759
EBIT 1 9,531 9,519 9,617 8,770 6,723 6,753 6,780 6,775
Net income 1 9,101 8,030 3,650 -11,139 5,279 7,044 1,522 6,448
Net Debt 14,328 - 13,047 12,144 10,062 - 4,514 4,058
Reference price 2 10.300 8.050 6.250 5.200 6.300 6.550 6.550 6.550
Nbr of stocks (in thousands) 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 -
Announcement Date 2/11/21 2/21/22 4/3/23 4/3/24 4/4/25 4/1/26 - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.84x3.82x6.98x4.67% 11.1B
16.8x10.17x11.31x8.82% 6.45B
9.22x9.22x9.46x8.64% 3.26B
-6.02x3.56x8.93x-.--% 2.67B
18.13x - - 1.68% 2.53B
80.29x7.12x10.11x6.31% 2.41B
17.38x5.76x7.07x4.85% 2.07B
21.78x8.69x10.29x3.46% 1.79B
5.97x4.67x5.89x4.72% 1.26B
Average 19.82x 6.63x 8.76x 4.79% 3.73B
Weighted average by Cap. 18.16x 6.39x 8.71x 5.32%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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