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 5,209 - -
Change - 10.19% -5.88% -44.86% -22.7% 23.02% - -
Enterprise Value (EV) 1 17,048 13,807 13,200 9,150 7,917 7,883 5,209 6,838
Change - -19.02% -4.39% -30.68% -13.47% -0.44% -33.91% 31.26%
P/E 9.34x 5.79x 6.17x 7.58x 5.78x 6.81x 6.19x 5.27x
PBR 1.13x 1.1x 0.92x 0.55x 0.39x - - -
PEG - 0.1x -0.5x -0.1x 4.14x 1.56x 0.6x 0.3x
Capitalization / Revenue 0.47x 0.38x 0.33x 0.21x 0.16x 0.2x 0.19x 0.2x
EV / Revenue 0.83x 0.49x 0.44x 0.34x 0.31x 0.31x 0.19x 0.26x
EV / EBITDA 10x 5.16x 4.41x 4.97x 3.72x 3.92x 2.46x 2.81x
EV / EBIT 25.5x 9.06x 7.62x 16.9x 15.1x 13.2x - 6.47x
EV / FCF 8.65x 12.7x 10.8x 22.3x 20.1x 10.6x 4.74x 6.16x
FCF Yield 11.6% 7.89% 9.27% 4.48% 4.98% 9.45% 21.1% 16.2%
Dividend per Share 2 0.94 1.54 1.65 0.78 0.79 0.83 0.98 1.18
Rate of return 3.48% 5.18% 5.89% 4.79% 6.27% 5.35% 6.32% 7.61%
EPS 2 2.89 5.14 4.54 2.15 2.18 2.275 2.505 2.94
Distribution rate 32.5% 30% 36.3% 36.3% 36.2% 36.5% 39.1% 40.1%
Net sales 1 20,433 27,967 30,034 26,588 25,780 25,492 27,070 26,289
EBITDA 1 1,699 2,678 2,994 1,840 2,126 2,012 2,119 2,434
EBIT 1 668.5 1,524 1,731 541.3 524 599 - 1,057
Net income 1 1,024 1,824 1,610 747 731.4 784.5 864.5 989
Net Debt 1 7,468 3,250 3,264 3,672 3,683 2,673 - 1,628
Reference price 2 27.00 29.75 28.00 16.30 12.60 15.50 15.50 15.50
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.($)
6.81x0.31x3.92x5.35% 156M
19.8x1.34x10.37x1.9% 41.69B
16.03x0.68x4.99x3.64% 33.57B
12.92x0.69x5.77x3.53% 34.2B
9.29x0.57x7.32x1.59% 26.97B
14.5x2.65x9.26x4.12% 20.93B
11.41x0.53x5.18x2.87% 18.81B
28.36x1.13x11.76x0.57% 16.3B
12.07x1.05x6x4.16% 16.44B
12.61x0.99x6.6x1.06% 12.97B
Average 14.38x 0.99x 7.12x 2.88% 22.2B
Weighted average by Cap. 15.31x 1.04x 7.49x 2.69%

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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