Financials Birla Carbon (Thailand) Thailand S.E.

Equities

BCT-R

TH0200010R14

Specialty Chemicals

End-of-day quote Thailand S.E. 18:00:00 2024-06-13 EDT 5-day change 1st Jan Change
67.75 THB +0.74% Intraday chart for Birla Carbon (Thailand) -0.37% +20.98%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 12,750 11,775 13,725 14,700 18,000 18,975
Enterprise Value (EV) 1 9,538 7,181 9,080 9,885 13,003 13,037
P/E ratio 4.93 x 4.92 x 13.2 x 3.43 x 4.45 x 4.13 x
Yield 2.59% 3.06% 1.75% 3.37% 2.33% -
Capitalization / Revenue 1.49 x 1.57 x 2.67 x 1.42 x 1.4 x 1.46 x
EV / Revenue 1.11 x 0.96 x 1.77 x 0.96 x 1.01 x 1 x
EV / EBITDA 5 x 4.21 x 7.52 x 4.84 x 8.56 x 5.71 x
EV / FCF 10.9 x 5.36 x 30.3 x 81.3 x 30.5 x 11 x
FCF Yield 9.16% 18.7% 3.3% 1.23% 3.28% 9.05%
Price to Book 0.69 x 0.59 x 0.66 x 0.59 x 0.64 x 0.57 x
Nbr of stocks (in thousands) 300,000 300,000 300,000 300,000 300,000 300,000
Reference price 2 42.50 39.25 45.75 49.00 60.00 63.25
Announcement Date 5/27/19 5/29/20 5/25/21 5/27/22 5/29/23 5/30/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net sales 1 8,555 7,499 5,139 10,337 12,893 13,031
EBITDA 1 1,909 1,706 1,208 2,041 1,518 2,282
EBIT 1 1,695 1,469 997.1 1,861 1,336 2,092
Operating Margin 19.81% 19.59% 19.4% 18% 10.36% 16.06%
Earnings before Tax (EBT) 1 3,034 2,849 1,211 4,859 4,563 5,398
Net income 1 2,585 2,394 1,036 4,287 4,049 4,593
Net margin 30.21% 31.93% 20.17% 41.47% 31.4% 35.25%
EPS 2 8.616 7.981 3.455 14.29 13.50 15.31
Free Cash Flow 1 874.1 1,340 299.6 121.6 426.3 1,180
FCF margin 10.22% 17.87% 5.83% 1.18% 3.31% 9.05%
FCF Conversion (EBITDA) 45.79% 78.56% 24.81% 5.96% 28.08% 51.71%
FCF Conversion (Net income) 33.82% 55.99% 28.91% 2.84% 10.53% 25.69%
Dividend per Share 2 1.100 1.200 0.8000 1.650 1.400 -
Announcement Date 5/27/19 5/29/20 5/25/21 5/27/22 5/29/23 5/30/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net Debt 1 - - - - - -
Net Cash position 1 3,212 4,594 4,645 4,815 4,997 5,938
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 874 1,340 300 122 426 1,180
ROE (net income / shareholders' equity) 14.9% 12.5% 5.07% 18.7% 15.2% 15%
ROA (Net income/ Total Assets) 5.59% 4.44% 2.84% 4.63% 2.84% 3.84%
Assets 1 46,252 53,918 36,498 92,639 142,590 119,523
Book Value Per Share 2 61.20 67.00 69.40 83.40 93.80 110.0
Cash Flow per Share 2 5.740 15.30 15.50 16.00 16.70 19.80
Capex 1 296 195 27.6 70.9 191 1,060
Capex / Sales 3.46% 2.59% 0.54% 0.69% 1.48% 8.13%
Announcement Date 5/27/19 5/29/20 5/25/21 5/27/22 5/29/23 5/30/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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