Company Valuation: Dynasty Ceramic

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,917 25,734 13,050 16,003 10,981 13,432 - -
Change - -0.7% -49.29% 22.63% -31.38% 22.31% - -
Enterprise Value (EV) 1 25,917 27,264 15,201 18,052 13,500 16,190 16,273 16,326
Change - 5.2% -44.25% 18.76% -25.22% 19.93% 0.51% 0.33%
P/E 14.7x 15.8x 11x 14.5x 12.1x 12.3x 11.4x 11.4x
PBR 4.31x 4.31x 1.97x 2.29x 1.56x 1.85x 1.78x 1.72x
PEG - -2.18x -0.4x -2.09x -0.7x 0.6x 1.37x -
Capitalization / Revenue 3.09x 3.08x 1.69x 2.28x 1.74x 1.84x 1.75x 1.67x
EV / Revenue 3.09x 3.27x 1.96x 2.57x 2.14x 2.21x 2.12x 2.03x
EV / EBITDA 9.5x 10.5x 7.23x 9.04x 7.76x 8.05x 7.69x 7.34x
EV / EBIT 12.6x 13.9x 10.1x 12.8x 11.6x 11.5x 11x 10.4x
EV / FCF 14.6x 21.3x 21.4x 19.7x 21.1x 33.5x 19.4x 17.7x
FCF Yield 6.85% 4.7% 4.68% 5.08% 4.75% 2.98% 5.16% 5.64%
Dividend per Share 2 0.185 - 0.057 0.08 0.08 0.1 0.1 0.11
Rate of return 6.51% - 3.99% 4.55% 6.61% 6.76% 6.76% 7.43%
EPS 2 0.193 0.179 0.13 0.121 0.1 0.12 0.13 0.13
Distribution rate 95.9% - 43.8% 66.1% 80% 83.3% 76.9% 84.6%
Net sales 1 8,396 8,342 7,741 7,028 6,311 7,313 7,673 8,051
EBITDA 1 2,728 2,587 2,103 1,997 1,740 2,012 2,116 2,223
EBIT 1 2,055 1,963 1,505 1,407 1,160 1,406 1,485 1,568
Net income 1 1,700 1,631 1,182 1,104 904.4 1,098 1,159 1,225
Net Debt 1 - 1,530 2,151 2,049 2,518 2,758 2,841 2,894
Reference price 2 2.840 2.820 1.430 1.760 1.210 1.480 1.480 1.480
Nbr of stocks (in thousands) 9,125,611 9,125,611 9,125,611 9,092,577 9,075,611 9,075,611 - -
Announcement Date 2/15/22 2/14/23 2/13/24 2/10/25 2/10/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.33x2.24x8.14x6.76% 400M
19.08x1.61x11.99x0.78% 16B
15.59x - - 0.35% 1.97B
14.49x0.9x6.79x3.37% 1.32B
21.77x - - 2.99% 565M
Average 16.65x 1.58x 8.97x 2.85% 4.05B
Weighted average by Cap. 18.38x 1.57x 11.51x 1.09%

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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