Company Valuation: Infraset

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,727 2,401 1,886 2,552 1,387 3,620 - -
Change - -35.59% -21.45% 35.34% -45.64% 160.98% - -
Enterprise Value (EV) 3,727 2,401 1,886 2,552 1,387 3,620 3,620 3,620
Change - -35.59% -21.45% 35.34% -45.64% 160.98% 0% 0%
P/E 28.8x 21.3x 16.6x 28.5x 43x 18.8x 16.4x 16.1x
PBR 3.86x - 1.37x 1.79x 1.01x 2.36x 2.21x 2.09x
PEG - -0.7x -2.49x -1.3x -0.7x 0x 1.1x 8.86x
Capitalization / Revenue 2.83x 1.83x 1.14x 1.29x 1.19x 1.14x 1.03x 1.06x
EV / Revenue 0x 0x 0x 0x 0x 1.14x 1.03x 1.06x
EV / EBITDA 0x 0x 0x 0x 0x 13.4x 11.3x 11.5x
EV / EBIT 0x 0x 0x 0x - 14.5x 11.4x -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.17 - 0.09 0.08 - 0.16 0.185 0.17
Rate of return 2.81% - 3.88% 2.55% - 3.56% 4.11% 3.78%
EPS 2 0.21 0.15 0.14 0.11 0.04 0.24 0.275 0.28
Distribution rate 81% - 64.3% 72.7% - 66.7% 67.3% 60.7%
Net sales 1 1,315 1,311 1,658 1,974 1,167 3,162 3,512 3,400
EBITDA 1 225.6 142.5 157.6 133.9 65.78 271 321 316
EBIT 1 214 132.7 147.1 120.4 - 250 317 -
Net income 1 170.5 105.5 109.2 88.92 35.28 193.4 220.6 224
Net Debt - - - - - - - -
Reference price 2 6.050 3.200 2.320 3.140 1.720 4.500 4.500 4.500
Nbr of stocks (in thousands) 616,000 750,166 812,773 812,773 806,530 804,530 - -
Announcement Date 2/18/22 2/13/23 2/13/24 2/13/25 2/11/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.75x - - 3.56% 108M
22.47x3.65x12.74x2.98% 213B
12.82x1.42x7.44x3.75% 106B
-99.09x15.69x90.82x-.--% 98.05B
15.87x2.9x10.97x5.18% 92.42B
22.58x5.8x14.27x2.54% 66.69B
15.13x2.21x9.37x5.16% 48.86B
21.96x1.78x11.22x1.35% 40.7B
18.31x2.35x11.27x4.72% 37.98B
20.58x1.52x9.59x0.92% 37.34B
Average 6.94x 4.15x 19.74x 3.02% 74.14B
Weighted average by Cap. 3.38x 4.65x 21.68x 2.97%

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