Company Valuation: Cal-Comp Electronics (Thailand)

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 21,736 105,545 47,234 98,230 - -
Change - 385.58% -55.25% 107.96% - -
Enterprise Value (EV) 1 21,736 118,219 60,552 112,650 110,502 106,691
Change - 443.88% -48.78% 86.04% -1.91% -3.45%
P/E 12.2x 40.4x 22.6x 33.6x 28.3x 24.7x
PBR - - 1.91x 3.76x 3.69x 3.48x
PEG - 0.9x -1.1x 0.8x 1.5x 1.7x
Capitalization / Revenue - 0.71x 0.39x 0.71x 0.63x 0.56x
EV / Revenue - 0.8x 0.5x 0.82x 0.71x 0.61x
EV / EBITDA - 20.1x 12.4x 18.2x 15.7x 13.7x
EV / EBIT - 35x 21.7x 29.6x 25x 21.4x
EV / FCF - 14.3x 126x 22.9x 28.1x 35.5x
FCF Yield - 6.98% 0.79% 4.37% 3.56% 2.81%
Dividend per Share 2 - 0.2 0.23 0.22 0.242 0.2433
Rate of return - 1.98% 5.09% 2.34% 2.57% 2.59%
EPS 2 0.17 0.25 0.2 0.28 0.332 0.38
Distribution rate - 80% 115% 78.6% 72.9% 64%
Net sales 1 - 147,733 120,220 137,937 155,825 175,537
EBITDA 1 - 5,873 4,871 6,173 7,024 7,805
EBIT 1 - 3,373 2,788 3,808 4,426 4,996
Net income 1 1,116 2,603 2,044 2,936 3,621 4,189
Net Debt 1 - 12,674 13,318 14,420 12,272 8,461
Reference price 2 2.080 10.100 4.520 9.400 9.400 9.400
Nbr of stocks (in thousands) 10,450,003 10,450,003 10,450,003 10,450,003 - -
Announcement Date 2/27/24 2/27/25 2/26/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.57x0.82x18.25x2.34% 2.96B
20.17x1.74x13.82x0.51% 318B
23.55x9.49x17.09x0.37% 183B
23.15x1.84x9.54x1.09% 68.63B
16.63x0.43x7.68x1.92% 48.4B
39.92x24.49x30.33x1.11% 41.6B
32.83x5.63x19.51x1.3% 40.91B
12.89x0.57x6.93x3.75% 28.85B
13.07x0.68x10.24x5.14% 23.62B
29.32x3.03x19.54x2.51% 22.5B
Average 24.51x 4.87x 15.29x 2.01% 77.88B
Weighted average by Cap. 22.56x 4.87x 14.83x 1.02%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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