Company Valuation: Jay Mart

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 18,429 79,477 59,386 25,083 19,324 10,101
Change - 331.27% -25.28% -57.76% -22.96% -47.73%
Enterprise Value (EV) 1 32,876 82,253 72,191 46,039 38,592 28,371
Change - 150.2% -12.23% -36.23% -16.18% -26.49%
P/E 23.4x 25.8x 33.3x -56.2x 16.9x -62.4x
PBR 4.93x 4.6x 3.07x 1.35x 1x 0.56x
PEG - 0x -0.7x 0x -0x 1x
Capitalization / Revenue 1.79x 7.4x 4.66x 1.96x 1.47x 0.68x
EV / Revenue 3.19x 7.66x 5.67x 3.59x 2.93x 1.91x
EV / EBITDA 14.2x 31.3x 24x 16.4x 17.5x 17.1x
EV / EBIT 15.8x 33.8x 26x 18.6x 20.4x 20.8x
EV / FCF 22.6x 25.8x -78.2x 11.6x 143x -120x
FCF Yield 4.42% 3.87% -1.28% 8.59% 0.7% -0.83%
Dividend per Share 2 0.69 1.61 1.11 - 0.47 0.27
Rate of return 3.45% 2.8% 2.72% - 3.56% 3.91%
EPS 2 0.854 2.233 1.224 -0.3076 0.782 -0.1105
Distribution rate 80.8% 72.1% 90.7% - 60.1% -244%
Net sales 1 10,301 10,741 12,737 12,829 13,185 14,835
EBITDA 1 2,320 2,631 3,004 2,802 2,203 1,662
EBIT 1 2,080 2,431 2,776 2,472 1,893 1,366
Net income 1 797.9 2,468 1,795 -447 1,141 -161.8
Net Debt 1 14,447 2,776 12,805 20,956 19,268 18,269
Reference price 2 20.00 57.50 40.75 17.30 13.20 6.90
Nbr of stocks (in thousands) 921,434 1,382,214 1,457,320 1,449,886 1,463,972 1,463,972
Announcement Date 2/25/21 2/24/22 2/14/23 2/12/24 2/11/25 2/13/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 451M
13.51x0.42x6.61x4.26% 19.04B
15.47x0.68x7.72x4.89% 5.21B
9.99x0.45x6.07x2.86% 4.13B
9.45x - - - 3.75B
7.32x0.13x2.7x2.48% 2.19B
10.77x0.23x4.1x2.32% 2B
14.43x0.31x6.82x2.56% 1.86B
10.32x0.82x7.77x7.81% 1.27B
Average 11.41x 0.43x 5.97x 3.88% 4.44B
Weighted average by Cap. 12.47x 0.44x 6.38x 4.01%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA