Company Valuation: Asia Precision

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,432 3,432 3,234 2,693 1,247 943.8
Change - 0% -5.77% -16.73% -53.68% -24.34%
Enterprise Value (EV) 1 3,364 3,202 3,974 3,369 1,878 1,454
Change - -4.83% 24.12% -15.22% -44.27% -22.58%
P/E 244x 16.3x -31.4x 27.2x -21.7x -1.89x
PBR 1.92x 1.76x 1.77x 1.51x 0.72x 0.78x
PEG - 0x 0x -0x 0x -0x
Capitalization / Revenue 1.61x 1.58x 1.82x 2.14x 1.51x 1.54x
EV / Revenue 1.58x 1.47x 2.24x 2.68x 2.27x 2.37x
EV / EBITDA 22.3x 10.2x -22.3x -23.5x -4.7x -3.5x
EV / EBIT 54.3x 13.3x -16.4x -13.4x -3.4x -2.54x
EV / FCF 100x 20.9x -4.23x 9.38x -8.88x -184x
FCF Yield 1% 4.78% -23.6% 10.7% -11.3% -0.54%
Dividend per Share 2 0.06 0.06 - - - -
Rate of return 1.15% 1.15% - - - -
EPS 2 0.0213 0.3191 -0.1559 0.1501 -0.0873 -0.7551
Distribution rate 281% 18.8% - - - -
Net sales 1 2,133 2,173 1,774 1,259 828.2 614.1
EBITDA 1 150.9 313.5 -178.3 -143.7 -399.7 -415.4
EBIT 1 61.96 241 -241.9 -251 -551.9 -572.2
Net income 1 14.07 210.6 -102.9 99.07 -57.6 -498.4
Net Debt 1 -67.57 -230.1 740.2 676.6 630.3 509.9
Reference price 2 5.200 5.200 4.900 4.080 1.890 1.430
Nbr of stocks (in thousands) 660,000 660,000 660,000 660,000 660,000 660,000
Announcement Date 2/28/21 2/18/22 2/28/23 2/27/24 2/24/25 2/27/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
60.9x2.64x25.8x0.07% 88.29B
13.2x1.07x5.85x4.45% 71.51B
33.56x4.22x22.9x0.2% 57.14B
25.7x2.02x19.66x1.24% 55.19B
53.88x4.49x28.69x1.71% 44.52B
31x0.74x12.23x2.05% 37.04B
24.09x1.56x14.99x0.2% 31.37B
25.37x0.5x7.96x2.35% 32.48B
4.78x0.3x5.8x5.97% 28.33B
Average 30.27x 1.95x 15.99x 2.03% 49.54B
Weighted average by Cap. 33.46x 2.16x 17.30x 1.81%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA