Company Valuation: Green Resources

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 834.4 1,243 957.1 572.6 850.7 507.2
Change - 49.02% -23.03% -40.17% 48.57% -40.38%
Enterprise Value (EV) 1 1,097 1,402 1,073 778 876.1 517.7
Change - 27.76% -23.45% -27.51% 12.61% -40.9%
P/E 122x 26.4x -149x -18.6x 137x -12.3x
PBR 1.1x 1.55x 1.2x 0.75x 1.1x 0.69x
PEG - 0x 1x -0x -1x 0x
Capitalization / Revenue 6.06x 10.3x 7.93x 4.49x 8.02x 4.61x
EV / Revenue 7.96x 11.6x 8.89x 6.1x 8.26x 4.71x
EV / EBITDA 21.3x 21.2x 19.8x 38.5x 20.6x 13.5x
EV / EBIT 63.2x 43.1x 50.5x -49.6x 82.3x 82.7x
EV / FCF 43.1x 20.3x 16.3x 12.6x 16.3x 12.4x
FCF Yield 2.32% 4.93% 6.15% 7.96% 6.14% 8.05%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.00835 0.0576 -0.007871 -0.0376 0.007603 -0.0504
Distribution rate - - - - - -
Net sales 1 137.8 121.3 120.7 127.5 106.1 110
EBITDA 1 51.44 66.28 54.11 20.19 42.54 38.35
EBIT 1 17.37 32.5 21.24 -15.69 10.64 6.261
Net income 1 6.831 47.1 -6.439 -30.72 6.22 -41.25
Net Debt 1 263 158.6 116.2 205.4 25.32 10.55
Reference price 2 1.0200 1.5200 1.1700 0.7000 1.0400 0.6200
Nbr of stocks (in thousands) 818,025 818,025 818,025 818,025 818,025 818,025
Announcement Date 2/24/21 2/24/22 2/23/23 2/22/24 2/21/25 2/24/26
1THB in Million2THB
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.12x4.83x12.98x3.35% 43.02B
8.99x1.53x8x3.95% 31.08B
18.21x4.03x16.43x1.35% 27.8B
5.54x0.73x1.56x8.99% 26.76B
13.54x3.04x14.65x2.6% 24.64B
8.15x0.9x3.29x2.74% 20.84B
10.6x2.06x9.6x4.19% 20.07B
13.56x6.58x17.59x1.57% 19.63B
10.32x1.66x14.33x3.66% 18.8B
Average 11.56x 2.82x 10.94x 3.6% 25.85B
Weighted average by Cap. 11.87x 2.93x 10.93x 3.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA