Company Valuation: Applied DB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 594 1,426 900.2 762.3 667.9 435.6
Change - 140% -36.85% -15.32% -12.38% -34.78%
Enterprise Value (EV) 1 857.1 1,767 1,448 1,213 802.6 509
Change - 106.21% -18.09% -16.22% -33.83% -36.58%
P/E 8.53x 18.8x -130x -16.3x 19.5x 15.7x
PBR 0.92x 2.09x 1.4x 1.27x 1.05x 0.67x
PEG - 2.17x 1x -0x -0x -0.8x
Capitalization / Revenue 0.43x 0.84x 0.42x 0.47x 0.71x 0.52x
EV / Revenue 0.62x 1.05x 0.67x 0.74x 0.86x 0.6x
EV / EBITDA 6.2x 12.5x 23.5x 53.7x -32.6x 13.4x
EV / EBIT 9.25x 19.1x 135x -41.7x -11.5x 34x
EV / FCF 15.9x -29.6x -8.64x 7.35x 2.91x 6.79x
FCF Yield 6.27% -3.38% -11.6% 13.6% 34.4% 14.7%
Dividend per Share 2 0.0501 0.0556 - - 0.02 0.03
Rate of return 6.12% 2.83% - - 2.17% 5%
EPS 2 0.096 0.1042 -0.009551 -0.0643 0.0471 0.0381
Distribution rate 52.2% 53.3% - - 42.4% 78.6%
Net sales 1 1,377 1,690 2,167 1,637 935.9 843.9
EBITDA 1 138.1 141.4 61.54 22.58 -24.63 37.95
EBIT 1 92.65 92.51 10.73 -29.12 -69.5 14.97
Net income 1 69.66 75.68 -6.934 -46.71 34.22 27.69
Net Debt 1 263.1 341.9 547.5 450.6 134.6 73.41
Reference price 2 0.8182 1.9636 1.2400 1.0500 0.9200 0.6000
Nbr of stocks (in thousands) 726,000 726,000 726,000 726,000 726,000 726,000
Announcement Date 2/22/21 2/22/22 2/21/23 2/22/24 2/25/25 2/23/26
1THB in Million2THB
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 20.64M
30.42x6.96x17.81x1.29% 230B
27.96x4.33x13.95x2.1% 124B
30.06x3.65x18.7x0.96% 80.89B
20.45x7.1x32.59x3.63% 75.04B
88.95x6.56x15.26x2.41% 66.71B
85.82x1.26x8.57x6.05% 36.55B
10.56x1.14x6.16x3.14% 30.99B
9.02x3.02x7.09x4.69% 24.35B
14.82x1.72x10.1x2.7% 23.87B
Average 35.34x 3.97x 14.47x 3% 69.22B
Weighted average by Cap. 35.24x 5.20x 16.93x 2.26%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Applied DB

Historical PBR trend

Valuation ratios - PBR - Applied DB

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Applied DB

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Applied DB

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