Company Valuation: Karmarts

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2024 2025 2026 2027
Market Cap 1 3,274 6,996 14,117 11,397 8,787 -
Change - 113.71% - -19.26% -22.91% -
Enterprise Value (EV) 1 3,274 7,339 13,307 11,978 8,429 8,184
Change - 124.19% - -9.99% -29.63% -2.91%
P/E 11.3x 21.5x 20.8x 16.3x 10x 8.85x
PBR - 5.37x 4.12x 3.31x 1.97x 1.75x
PEG - 1.8x - 4.32x 0.4x 0.7x
Capitalization / Revenue - 3.66x 4.48x 3.27x 2.18x 1.99x
EV / Revenue - 3.84x 4.23x 3.44x 2.09x 1.85x
EV / EBITDA - 15.4x - 13x 7.91x 6.88x
EV / EBIT - 17.4x 16.3x 13.8x 8.35x 7.13x
EV / FCF - -114x 63.6x 23.4x 14x 12.1x
FCF Yield - -0.88% 1.57% 4.27% 7.12% 8.3%
Dividend per Share 2 - 0.2229 0.41 0.44 0.34 0.38
Rate of return - 3.27% 3.73% 4.92% 4.93% 5.51%
EPS 2 0.2829 0.3171 0.53 0.55 0.69 0.78
Distribution rate - 70.3% 77.4% 80% 49.3% 48.7%
Net sales 1 - 1,910 3,148 3,484 4,035 4,416
EBITDA 1 - 477 - 924.4 1,066 1,189
EBIT 1 - 423 813.9 867.4 1,009 1,148
Net income 1 292.9 327 678 706.7 881 1,001
Net Debt 1 - 343.2 -809.2 581.2 -358 -603
Reference price 2 3.189 6.814 11.000 8.950 6.900 6.900
Nbr of stocks (in thousands) 1,026,664 1,026,664 1,283,331 1,273,421 1,273,421 -
Announcement Date 2/24/22 2/24/23 2/24/25 2/26/26 - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.86x2.06x7.79x5% 261M
21.03x4.06x14.8x3.05% 336B
17.92x2.7x11.91x3.56% 134B
25.01x3.74x15.72x2.31% 73.3B
43.08x6.94x30.12x2.14% 51.04B
20.19x2.82x11.79x4.41% 36.88B
83.27x2.46x14.82x1.63% 31.15B
23.08x1.7x10.84x2.21% 20.09B
16.06x1.54x8.83x3.29% 19.82B
20.65x1.33x8.63x1.28% 19.77B
Average 28.01x 2.94x 13.52x 2.89% 72.22B
Weighted average by Cap. 24.96x 3.64x 14.84x 2.95%

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