Company Valuation: M Vision

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 350 248 1,040 755.5 485.7 215.8
Change - -29.14% 319.46% -27.38% -35.72% -55.56%
Enterprise Value (EV) 1 400.1 330.2 1,131 852.2 562.9 278.4
Change - -17.46% 242.45% -24.65% -33.95% -50.54%
P/E 11.6x -5.64x 22.5x 98.4x -1.61x -3.43x
PBR 2.11x 1.96x 4.53x 1.7x 2.55x 1.67x
PEG - 0x -0x -1.1x 0x 0x
Capitalization / Revenue 1.05x 1.19x 4.32x 2.28x 1.5x 1x
EV / Revenue 1.2x 1.58x 4.69x 2.57x 1.74x 1.29x
EV / EBITDA 8.08x -9.57x -365x 27x -2.47x -14.6x
EV / EBIT 10.2x -8.25x -100x 83.1x -2.02x -5.15x
EV / FCF -9.34x 11.3x -10x -4.05x 34.9x -271x
FCF Yield -10.7% 8.85% -9.97% -24.7% 2.87% -0.37%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.151 -0.22 0.19 0.025 -0.8925 -0.1865
Distribution rate - - - - - -
Net sales 1 334.4 209.1 241 331.9 324.4 215.5
EBITDA 1 49.53 -34.5 -3.1 31.6 -228 -19.12
EBIT 1 39.37 -40.03 -11.31 10.26 -278.6 -54.07
Net income 1 30.19 -43.46 45.3 7.935 -288.2 -62.9
Net Debt 1 50.09 82.25 90.67 96.7 77.24 62.58
Reference price 2 1.7500 1.2400 4.2800 2.4600 1.4400 0.6400
Nbr of stocks (in thousands) 200,000 200,000 243,049 307,102 337,259 337,259
Announcement Date 2/21/20 2/28/21 3/1/22 2/28/23 3/1/24 2/28/25
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 606K
12.3x1.34x6.06x4.58% 24.36B
9.11x1.06x5.63x4.32% 23.04B
11.27x4.94x8.98x7.79% 10.07B
15.52x - - 3.27% 5.1B
17.55x0.63x6.16x1.38% 4.68B
8.03x0.62x3.69x5.8% 3.74B
-34.88x1.39x5.9x-.--% 3.31B
30.75x4.16x11.67x-.--% 3.04B
Average 8.71x 2.02x 6.87x 3.39% 8.59B
Weighted average by Cap. 10.24x 1.79x 6.44x 4.32%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA