Company Valuation: M Vision

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 248 1,040 755.5 485.7 215.8 87.69
Change - 319.46% -27.38% -35.72% -55.56% -59.38%
Enterprise Value (EV) 1 330.2 1,131 852.2 562.9 278.4 151.6
Change - 242.45% -24.65% -33.95% -50.54% -45.54%
P/E -5.64x 22.5x 98.4x -1.61x -3.43x -0.71x
PBR 1.96x 4.53x 1.7x 2.55x 1.67x 3.22x
PEG - -0x -1.1x 0x 0x -0x
Capitalization / Revenue 1.19x 4.32x 2.28x 1.5x 1x 0.26x
EV / Revenue 1.58x 4.69x 2.57x 1.74x 1.29x 0.44x
EV / EBITDA -9.57x -365x 27x -2.47x 14.7x -1.59x
EV / EBIT -8.25x -100x 83.1x -2.02x -17.4x -1.35x
EV / FCF 11.3x -10x -4.05x 34.9x 12.2x 3.91x
FCF Yield 8.85% -9.97% -24.7% 2.87% 8.18% 25.5%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.22 0.19 0.025 -0.8925 -0.1865 -0.3638
Distribution rate - - - - - -
Net sales 1 209.1 241 331.9 324.4 215.5 342.9
EBITDA 1 -34.5 -3.1 31.6 -228 18.94 -95.39
EBIT 1 -40.03 -11.31 10.26 -278.6 -16 -112.7
Net income 1 -43.46 45.3 7.935 -288.2 -62.9 -122.7
Net Debt 1 82.25 90.67 96.7 77.24 62.58 63.94
Reference price 2 1.2400 4.2800 2.4600 1.4400 0.6400 0.2600
Nbr of stocks (in thousands) 200,000 243,049 307,102 337,259 337,259 337,259
Announcement Date 2/28/21 3/1/22 2/28/23 3/1/24 2/28/25 9/2/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 603K
13.63x1.48x6.74x4.16% 26.49B
9.07x0.99x5.58x4.46% 20.34B
11.98x5.2x9.02x7.18% 10.19B
131.89x0.54x89.06x - 6.62B
16.24x1.37x4.72x2.85% 5.86B
11.07x0.77x4.85x-.--% 5.85B
16.5x0.71x4.32x4.03% 5.32B
-51.73x1.73x7.29x0% 4.91B
Average 19.83x 1.60x 16.45x 3.24% 9.51B
Weighted average by Cap. 17.93x 1.64x 12.72x 3.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA