Company Valuation: Ama Marine

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,771 2,667 2,900 2,041 2,186 2,113
Change - -3.74% 8.74% -29.64% 7.11% -3.32%
Enterprise Value (EV) 1 3,803 4,041 3,815 3,286 3,056 2,745
Change - 6.25% -5.6% -13.87% -6.98% -10.18%
P/E 16.3x 17.4x 6.27x 6.63x 6.47x 9.13x
PBR 1.3x 1.13x 1.04x 0.71x 0.74x 0.73x
PEG - -1.76x 0x -0.2x 0.66x -0.3x
Capitalization / Revenue 1.53x 1.28x 0.9x 0.67x 0.69x 0.72x
EV / Revenue 2.1x 1.93x 1.18x 1.08x 0.97x 0.94x
EV / EBITDA 7.37x 9.01x 4.95x 5.13x 4.53x 4.67x
EV / EBIT 16.8x 18.1x 7.49x 8.92x 7.72x 8.16x
EV / FCF 10.9x 16.1x 6.86x 11.4x 7.57x 5.53x
FCF Yield 9.15% 6.22% 14.6% 8.77% 13.2% 18.1%
Dividend per Share 2 0.2 - 0.4 0.4 0.45 0.3
Rate of return 3.74% - 7.14% 10.2% 10.7% 7.35%
EPS 2 0.3289 0.2964 0.8929 0.5939 0.6517 0.4469
Distribution rate 60.8% - 44.8% 67.3% 69% 67.1%
Net sales 1 1,807 2,090 3,224 3,051 3,158 2,930
EBITDA 1 515.9 448.7 770.7 640.4 674.3 587.7
EBIT 1 225.9 222.8 509.4 368.4 395.9 336.5
Net income 1 170.3 153.5 462.4 307.6 337.5 231.4
Net Debt 1 1,032 1,374 914.5 1,245 870.6 631.9
Reference price 2 5.350 5.150 5.600 3.940 4.220 4.080
Nbr of stocks (in thousands) 517,917 517,917 517,917 517,917 517,917 517,917
Announcement Date 2/23/21 2/23/22 2/23/23 2/21/24 2/23/25 2/23/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 61.22M
6.47x1.23x3.52x7.2% 17.1B
11.13x1.78x6.01x7.44% 7.52B
44.47x17.91x24.39x1.92% 5.31B
12.79x - - - 4.83B
9.71x2.78x7.98x8.98% 3.56B
7.08x3.4x5.45x12.45% 3.41B
12.29x0.81x2.39x4.11% 3.4B
4.96x2.5x3.35x - 2.73B
Average 13.61x 4.34x 7.58x 7.02% 5.32B
Weighted average by Cap. 12.67x 3.73x 6.95x 6.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Ama Marine