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 4,013 - -
Change - -35.59% -21.45% 35.34% -45.64% 189.26% - -
Enterprise Value (EV) 3,727 2,401 1,886 2,552 1,387 4,013 4,013 4,013
Change - -35.59% -21.45% 35.34% -45.64% 189.26% 0% 0%
P/E 28.8x 21.3x 16.6x 28.5x 43x 19.6x 16.9x 15.2x
PBR 3.86x - 1.37x 1.79x 1.01x 2.63x 2.39x 2.24x
PEG - -0.7x -2.49x -1.3x -0.7x 0x 1.1x 1.3x
Capitalization / Revenue 2.83x 1.83x 1.14x 1.29x 1.19x 1.16x 1.09x 1.11x
EV / Revenue 0x 0x 0x 0x 0x 1.16x 1.09x 1.11x
EV / EBITDA 0x 0x 0x 0x 0x 13.9x 11.7x 10.8x
EV / EBIT 0x 0x 0x 0x - 16.1x 12.7x -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.17 - 0.09 0.08 - 0.17 0.195 0.2
Rate of return 2.81% - 3.88% 2.55% - 3.4% 3.9% 4%
EPS 2 0.21 0.15 0.14 0.11 0.04 0.255 0.295 0.33
Distribution rate 81% - 64.3% 72.7% - 66.7% 66.1% 60.6%
Net sales 1 1,315 1,311 1,658 1,974 1,167 3,462 3,675 3,600
EBITDA 1 225.6 142.5 157.6 133.9 65.78 289 342.5 370
EBIT 1 214 132.7 147.1 120.4 - 250 317 -
Net income 1 170.5 105.5 109.2 88.92 35.28 206.5 236 270
Net Debt - - - - - - - -
Reference price 2 6.050 3.200 2.320 3.140 1.720 5.000 5.000 5.000
Nbr of stocks (in thousands) 616,000 750,166 812,773 812,773 806,530 802,530 - -
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.($)
22.71x3.68x12.85x2.95% 216B
-115.72x18.42x106.35x-.--% 114B
12.6x1.39x7.3x3.8% 104B
14.98x2.74x10.33x5.49% 87.53B
19.34x5.12x12.57x2.95% 58.49B
14.93x2.18x9.23x5.22% 48.28B
21.18x1.62x10.23x0.9% 39.84B
20.65x1.69x10.44x1.42% 39.89B
18.05x2.31x10.98x4.79% 37.5B
Average 3.19x 4.35x 21.14x 3.06% 82.84B
Weighted average by Cap. -2.05x 5.24x 25.51x 2.96%

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