Projected Income Statement: Forth Smart Service

Forecast Balance Sheet: Forth Smart Service

Fiscal Period: December 2022 2024 2025 2026 2027
Net Debt - - 439 - -
Change - - - - -
Announcement Date 2/24/23 2/28/25 2/26/26 - -
Estimates

Cash Flow Forecast: Forth Smart Service

Fiscal Period: December 2020 2021 2022 2023 2024 2025
CAPEX 1 77.08 111.9 145 106.6 48.81 131.7
Change - 45.13% 29.66% -26.53% -54.19% 169.74%
Free Cash Flow (FCF) 1 821.3 816.1 415.7 343.5 -25.23 219.3
Change - -0.64% -49.06% -17.38% -107.34% 969.22%
Announcement Date 2/25/21 2/25/22 2/24/23 2/23/24 2/28/25 2/25/26
1THB in Million
Estimates

Forecast Financial Ratios: Forth Smart Service

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) - - - - - 37.2% 39.19% 39.58%
EBIT Margin (%) - - - - - 22.59% - -
EBT Margin (%) - - - - - 28.98% - -
Net margin (%) - - - - - 23.41% 25.43% 25.51%
FCF margin (%) - - - - - 13.88% - -
FCF / Net Income (%) - - - - - 59.31% - -

Profitability

        
ROA 9.54% 9.59% 6.88% 6.13% 8.3% 7.13% - -
ROE 37.31% 35.15% 26.77% 26.05% 34.96% 38.68% - -

Financial Health

        
Leverage (Debt/EBITDA) - - - - - 0.47x - -
Debt / Free cash flow - - - - - 1.26x - -

Capital Intensity

        
CAPEX / Current Assets (%) - - - - - 5.25% - -
CAPEX / EBITDA (%) - - - - - 14.12% - -
CAPEX / FCF (%) - - - - - 37.83% - -

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 - - - - - 0.38 0.39 0.41
Change - - - - - - 2.63% 5.13%
Book Value Per Share 1 - - - - - 2.314 - -
Change - - - - - - - -
EPS 1 - - 0.4 - 0.57 0.78 0.88 0.92
Change - - - - - 36.84% 12.82% 4.55%
Nbr of stocks (in thousands) - - 753,141 - 753,141 753,141 753,141 753,141
Announcement Date - - 2/24/23 - 2/28/25 2/26/26 - -
1THB
Estimates
2026 *2027 *
P/E 7.95x 7.61x
PBR - -
EV / Sales 2.03x 1.94x
Yield 5.57% 5.86%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
7.000THB
Average target price
10.50THB
Spread / Average Target
+50.00%

Annual profits - Rate of surprise

  1. Stock Market
  2. Stocks
  3. FSMART Stock
  4. Financials Forth Smart Service