Company Valuation: AAPICO Hitech

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,581 10,557 9,936 5,478 4,235 5,545 - -
Change - 10.19% -5.88% -44.86% -22.7% 30.95% - -
Enterprise Value (EV) 1 17,048 13,807 13,200 9,150 7,917 10,410 10,537 7,174
Change - -19.02% -4.39% -30.68% -13.47% 31.49% 1.22% -31.92%
P/E 9.34x 5.79x 6.17x 7.58x 5.78x 6.96x 6.18x 5.61x
PBR 1.13x 1.1x 0.92x 0.55x 0.39x 0.47x 0.44x -
PEG - 0.1x -0.5x -0.1x 4.14x 0.8x 0.5x 0.6x
Capitalization / Revenue 0.47x 0.38x 0.33x 0.21x 0.16x 0.22x 0.21x 0.21x
EV / Revenue 0.83x 0.49x 0.44x 0.34x 0.31x 0.41x 0.39x 0.27x
EV / EBITDA 10x 5.16x 4.41x 4.97x 3.72x 4.32x 4.19x 2.95x
EV / EBIT 25.5x 9.06x 7.62x 16.9x 15.1x 16.3x 14.9x 6.79x
EV / FCF 8.65x 12.7x 10.8x 22.3x 20.1x 18.9x 12.6x 6.47x
FCF Yield 11.6% 7.89% 9.27% 4.48% 4.98% 5.28% 7.91% 15.5%
Dividend per Share 2 0.94 1.54 1.65 0.78 0.79 0.91 1.045 1.18
Rate of return 3.48% 5.18% 5.89% 4.79% 6.27% 5.52% 6.33% 7.15%
EPS 2 2.89 5.14 4.54 2.15 2.18 2.37 2.67 2.94
Distribution rate 32.5% 30% 36.3% 36.3% 36.2% 38.4% 39.1% 40.1%
Net sales 1 20,433 27,967 30,034 26,588 25,780 25,542 26,892 26,289
EBITDA 1 1,699 2,678 2,994 1,840 2,126 2,410 2,514 2,434
EBIT 1 668.5 1,524 1,731 541.3 524 638 707 1,057
Net income 1 1,024 1,824 1,610 747 731.4 841 922 989
Net Debt 1 7,468 3,250 3,264 3,672 3,683 4,865 4,992 1,628
Reference price 2 27.00 29.75 28.00 16.30 12.60 16.50 16.50 16.50
Nbr of stocks (in thousands) 354,842 354,842 354,842 336,087 336,087 336,087 - -
Announcement Date 2/28/22 2/28/23 2/29/24 2/28/25 2/28/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.07x1.36x10.44x1.83% 44.47B
18.75x0.84x6.23x3.1% 40.11B
10.59x0.65x8.3x1.4% 31.38B
12.56x0.59x5.09x3.78% 30.55B
14.29x2.59x9.03x4.18% 20.81B
31.36x1.23x13.08x0.59% 18.66B
10.93x0.52x5.1x2.83% 18.54B
13.07x1.33x6.77x4.14% 15.8B
14.8x1.07x7.14x0.96% 14.02B
Average 16.27x 1.13x 7.91x 2.54% 26.04B
Weighted average by Cap. 16.47x 1.09x 7.95x 2.54%

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