Financials Boutique Newcity

Equities

BTNC

TH0095010003

Apparel & Accessories Retailers

End-of-day quote Thailand S.E. 18:00:00 2024-05-29 EDT 5-day change 1st Jan Change
17.8 THB -.--% Intraday chart for Boutique Newcity +4.09% -20.18%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 229.2 273.6 180 128.4 193.2 267.6
Enterprise Value (EV) 1 399 432 362.2 266.2 225.2 274.2
P/E ratio 20.8 x 91.6 x -3.8 x -5.12 x 9.22 x 9.71 x
Yield 3.66% 0.66% - - - -
Capitalization / Revenue 0.28 x 0.37 x 0.48 x 0.3 x 0.71 x 1.01 x
EV / Revenue 0.49 x 0.59 x 0.97 x 0.63 x 0.83 x 1.03 x
EV / EBITDA 51 x 29.3 x -6.85 x -13.7 x 22 x 17.9 x
EV / FCF -53.6 x -15.7 x 3.99 x 7.33 x 12.3 x 23.6 x
FCF Yield -1.86% -6.36% 25.1% 13.6% 8.1% 4.23%
Price to Book 0.5 x 0.6 x 0.45 x 0.29 x 0.42 x 0.55 x
Nbr of stocks (in thousands) 12,000 12,000 12,000 12,000 12,000 12,000
Reference price 2 19.10 22.80 15.00 10.70 16.10 22.30
Announcement Date 2/28/19 2/27/20 2/25/21 2/25/22 2/23/23 2/27/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 815.8 730.7 372.7 423 270.9 264.9
EBITDA 1 7.83 14.74 -52.88 -19.44 10.23 15.28
EBIT 1 -11.89 -4.495 -59.56 -32.21 3.37 9.964
Operating Margin -1.46% -0.62% -15.98% -7.62% 1.24% 3.76%
Earnings before Tax (EBT) 1 12.97 2.936 -65.11 -35.66 32.37 31.29
Net income 1 11 2.986 -47.35 -25.09 20.95 27.55
Net margin 1.35% 0.41% -12.7% -5.93% 7.73% 10.4%
EPS 2 0.9166 0.2488 -3.946 -2.091 1.746 2.296
Free Cash Flow 1 -7.438 -27.5 90.76 36.32 18.24 11.6
FCF margin -0.91% -3.76% 24.35% 8.59% 6.73% 4.38%
FCF Conversion (EBITDA) - - - - 178.34% 75.94%
FCF Conversion (Net income) - - - - 87.04% 42.11%
Dividend per Share 2 0.7000 0.1500 - - - -
Announcement Date 2/28/19 2/27/20 2/25/21 2/25/22 2/23/23 2/27/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 170 158 182 138 32 6.56
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 21.69 x 10.75 x -3.446 x -7.088 x 3.124 x 0.4296 x
Free Cash Flow 1 -7.44 -27.5 90.8 36.3 18.2 11.6
ROE (net income / shareholders' equity) 2.41% 0.65% -11.1% -5.98% 4.65% 5.79%
ROA (Net income/ Total Assets) -0.97% -0.4% -5.71% -3.07% 0.35% 1.16%
Assets 1 -1,137 -743.8 829.5 817 6,009 2,372
Book Value Per Share 2 38.30 37.90 33.30 36.60 38.50 40.80
Cash Flow per Share 2 0.2800 0.6400 0.4800 1.920 0.5300 1.320
Capex 1 32.3 8.88 3.62 0.51 0.26 12.3
Capex / Sales 3.96% 1.22% 0.97% 0.12% 0.09% 4.63%
Announcement Date 2/28/19 2/27/20 2/25/21 2/25/22 2/23/23 2/27/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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