Financials Karmarts

Equities

KAMART

TH0467A10Z09

Personal Products

End-of-day quote Thailand S.E. 18:00:00 2024-05-14 EDT 5-day change 1st Jan Change
14.9 THB +0.68% Intraday chart for Karmarts +9.33% +32.70%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,992 3,397 3,485 3,274 6,996 14,410
Enterprise Value (EV) 1 3,300 3,681 3,747 3,383 7,367 13,200
P/E ratio 8.31 x 13 x 26.2 x 11.2 x 21.4 x 18.4 x
Yield 8.24% 7.25% 3.54% 4.84% 3.27% 2.75%
Capitalization / Revenue 1.97 x 2.23 x 2.63 x 2.52 x 3.73 x 5.87 x
EV / Revenue 2.17 x 2.41 x 2.83 x 2.6 x 3.93 x 5.38 x
EV / EBITDA 10.1 x 9.82 x 17.6 x 8.33 x 17.2 x 18.5 x
EV / FCF 20.2 x 18.9 x 24.5 x 12.1 x -46.6 x 47.1 x
FCF Yield 4.95% 5.28% 4.08% 8.23% -2.14% 2.12%
Price to Book 3.05 x 3.35 x 3.49 x 2.84 x 5.37 x 4.45 x
Nbr of stocks (in thousands) 1,026,664 1,026,664 1,026,664 1,026,664 1,026,664 1,283,333
Reference price 2 2.914 3.309 3.394 3.189 6.814 11.23
Announcement Date 2/27/19 2/28/20 2/25/21 2/24/22 2/24/23 2/28/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,519 1,526 1,326 1,301 1,875 2,455
EBITDA 1 326.1 374.9 212.4 406 427.3 714.1
EBIT 1 294.6 336.9 178.9 371.8 389.6 676
Operating Margin 19.39% 22.08% 13.49% 28.58% 20.77% 27.53%
Earnings before Tax (EBT) 1 412.8 328.4 168.4 364.9 409.9 807.9
Net income 1 360.2 261.2 132.8 292.9 327 661
Net margin 23.71% 17.12% 10.02% 22.52% 17.44% 26.92%
EPS 2 0.3509 0.2544 0.1294 0.2853 0.3185 0.6096
Free Cash Flow 1 163.2 194.4 152.7 278.5 -158 280
FCF margin 10.74% 12.74% 11.52% 21.42% -8.43% 11.4%
FCF Conversion (EBITDA) 50.06% 51.85% 71.89% 68.61% - 39.21%
FCF Conversion (Net income) 45.32% 74.41% 114.98% 95.11% - 42.36%
Dividend per Share 2 0.2400 0.2400 0.1200 0.1543 0.2229 0.3086
Announcement Date 2/27/19 2/28/20 2/25/21 2/24/22 2/24/23 2/28/24
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1
Net sales 1 418.1
EBITDA -
EBIT 1 89.27
Operating Margin 21.35%
Earnings before Tax (EBT) 1 86.73
Net income 1 69
Net margin 16.5%
EPS -
Dividend per Share -
Announcement Date 5/13/22
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 308 284 262 109 371 -
Net Cash position 1 - - - - - 1,210
Leverage (Debt/EBITDA) 0.9441 x 0.7573 x 1.234 x 0.2685 x 0.8689 x -
Free Cash Flow 1 163 194 153 279 -158 280
ROE (net income / shareholders' equity) 38.9% 26.2% 13.2% 27% 25.8% 28.4%
ROA (Net income/ Total Assets) 12.7% 13.4% 7.2% 14.4% 12.7% 13.3%
Assets 1 2,830 1,954 1,846 2,039 2,577 4,985
Book Value Per Share 2 0.9600 0.9900 0.9700 1.120 1.270 2.520
Cash Flow per Share 2 0.0100 0.0200 0.0100 0.1500 0.0300 0.6600
Capex 1 123 81.2 42.4 40.2 272 44.3
Capex / Sales 8.07% 5.32% 3.2% 3.09% 14.51% 1.8%
Announcement Date 2/27/19 2/28/20 2/25/21 2/24/22 2/24/23 2/28/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
14.9
Average target price
-
Consensus

Annual profits - Rate of surprise

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