ANANDA DEVELOPMENT Financials Ananda Development Thailand S.E.
Equities
ANAN-R
TH4101010R10
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.66 THB | -1.49% |
|
+3.12% | -14.29% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,732 | 6,333 | 6,791 | 6,041 | 3,208 | 2,791 | - | - |
| Enterprise Value (EV) 1 | 28,332 | 25,215 | 22,853 | 21,856 | 3,208 | 2,791 | 2,791 | 2,791 |
| P/E ratio | 12.4 x | -10 x | -6.27 x | -9.06 x | -2.76 x | 7.33 x | -11.6 x | -66 x |
| Yield | 4.48% | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.03 x | 1.3 x | 1.8 x | 1.97 x | 0.96 x | 0.41 x | 0.41 x | 0.29 x |
| EV / Revenue | 1.03 x | 1.3 x | 1.8 x | 1.97 x | 0.96 x | 0.41 x | 0.41 x | 0.29 x |
| EV / EBITDA | -31 x | 36.3 x | -206 x | -7.98 x | -2.91 x | -4.08 x | -5.01 x | 10.9 x |
| EV / FCF | -0.96 x | -1.08 x | - | 1.94 x | 1 x | 0.86 x | -1.94 x | - |
| FCF Yield | -104% | -92.7% | - | 51.6% | 99.9% | 117% | -51.6% | - |
| Price to Book | 0.53 x | 0.37 x | 0.42 x | 0.41 x | - | 0.31 x | 0.29 x | 0.29 x |
| Nbr of stocks (in thousands) | 3,333,000 | 3,333,000 | 4,166,250 | 4,166,250 | 4,166,255 | 4,166,255 | - | - |
| Reference price 2 | 2.620 | 1.900 | 1.630 | 1.450 | 0.7700 | 0.6600 | 0.6600 | 0.6600 |
| Announcement Date | 20-02-27 | 21-02-23 | 22-02-24 | 23-02-23 | 24-02-29 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,483 | 4,860 | 3,771 | 3,065 | 3,355 | 6,833 | 6,863 | 9,702 |
| EBITDA 1 | -281.7 | 174.3 | -32.95 | -756.8 | -1,102 | -685 | -557.5 | 255 |
| EBIT 1 | -437.2 | -62.45 | -229.7 | -942.1 | -1,304 | -941 | -787 | -26 |
| Operating Margin | -5.15% | -1.29% | -6.09% | -30.74% | -38.85% | -13.77% | -11.47% | -0.27% |
| Earnings before Tax (EBT) 1 | 810.5 | 25.65 | -427.5 | -212.1 | -827.5 | -721 | -703.5 | 53 |
| Net income 1 | 704.7 | -96.14 | -457.3 | -295.8 | -887 | 650 | -147 | 60 |
| Net margin | 8.31% | -1.98% | -12.13% | -9.65% | -26.44% | 9.51% | -2.14% | 0.62% |
| EPS 2 | 0.2111 | -0.1898 | -0.2600 | -0.1600 | -0.2790 | 0.0900 | -0.0567 | -0.0100 |
| Free Cash Flow 1 | -9,054 | -5,868 | - | 3,116 | 3,205 | 3,264 | -1,440 | - |
| FCF margin | -106.74% | -120.74% | - | 101.66% | 95.54% | 47.77% | -20.98% | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | 502.15% | - | - |
| Dividend per Share 2 | 0.1174 | - | - | - | - | - | - | - |
| Announcement Date | 20-02-27 | 21-02-23 | 22-02-24 | 23-02-23 | 24-02-29 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,986 | 1,914 | 1,068 | 675.7 | 920.6 | 807 | 661.3 | 611.6 | 689.6 | 1,303 | 810.4 | 1,244 | 2,003 |
| EBITDA 1 | -836.5 | -29.93 | - | -103 | - | -180.3 | - | -165.6 | -160.2 | -323.9 | -533.6 | -242.9 | 143.8 |
| EBIT 1 | -957.6 | -134.8 | -27.17 | -143.2 | 21.87 | 93.37 | -476.4 | -213.6 | -210.2 | -421.8 | -583.8 | -296 | 93.61 |
| Operating Margin | -32.06% | -7.04% | -2.54% | -21.2% | 2.38% | 11.57% | -72.03% | -34.92% | -30.48% | -32.37% | -72.04% | -23.8% | 4.67% |
| Earnings before Tax (EBT) 1 | - | - | -178.1 | -280.9 | -32.15 | 16.56 | - | -38.9 | -331.6 | -664.5 | -605.3 | -129.7 | 252.3 |
| Net income 1 | -424.5 | 14.6 | -220 | -281.3 | -43.43 | -16.1 | 45.01 | -59.56 | -84.52 | -144.1 | -542.5 | -200.5 | 195.4 |
| Net margin | -14.21% | 0.76% | -20.59% | -41.62% | -4.72% | -2% | 6.81% | -9.74% | -12.26% | -11.06% | -66.94% | -16.12% | 9.76% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 20-08-11 | 21-08-10 | 22-02-24 | 22-05-12 | 22-08-11 | 22-11-10 | 23-02-23 | 23-05-15 | 23-08-16 | 23-08-16 | 23-11-13 | 24-02-29 | 24-05-14 |
1THB in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 19,600 | 18,883 | 16,062 | 15,815 | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -69.58 x | 108.3 x | -487.5 x | -20.9 x | - | - | - | - |
| Free Cash Flow 1 | -9,054 | -5,868 | - | 3,116 | 3,205 | 3,264 | -1,440 | - |
| ROE (net income / shareholders' equity) | 4.32% | -0.6% | -2.64% | -1.92% | -6.82% | 0.55% | -1.5% | 0.8% |
| ROA (Net income/ Total Assets) | 1.56% | -0.2% | -1.11% | -0.73% | -2.25% | -1.2% | -1.3% | 1.59% |
| Assets 1 | 45,185 | 48,070 | 41,340 | 40,680 | 39,505 | -54,167 | 11,308 | 3,774 |
| Book Value Per Share 2 | 4.980 | 5.190 | 3.880 | 3.500 | - | 2.160 | 2.320 | 2.280 |
| Cash Flow per Share | 1.800 | 0.3400 | 0.0300 | 0.6500 | - | - | - | - |
| Capex 1 | 304 | 71.5 | - | 79.3 | 3,264 | 2,201 | 658 | 1,103 |
| Capex / Sales | 3.58% | 1.47% | - | 2.59% | 97.28% | 32.21% | 9.58% | 11.37% |
| Announcement Date | 20-02-27 | 21-02-23 | 22-02-24 | 23-02-23 | 24-02-29 | - | - | - |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
SELL
Number of Analysts
3
Last Close Price
0.66
THB
Average target price
0.72
THB
Spread / Average Target
+9.09%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -8.62% | 23.18B | |
| -31.26% | 10.83B | |
| +7.71% | 10.75B | |
| -26.90% | 7.52B | |
| -13.19% | 6.47B | |
| -7.62% | 6.02B | |
| -6.25% | 5.98B | |
| +51.20% | 3.85B | |
| +1.61% | 3.78B |
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- ANAN Stock
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- Financials Ananda Development
