Company Valuation: Micro Leasing

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,620 4,020 2,038 916.3 766.7 1,393 - -
Change - -47.24% -49.3% -55.05% -16.33% 81.71% - -
Enterprise Value (EV) 7,620 4,020 2,038 916.3 766.7 1,393 1,393 1,393
Change - -47.24% -49.3% -55.05% -16.33% 81.71% 0% 0%
P/E 40.8x 61.4x -38.9x -6.45x 16.4x 16.7x 15x 13.6x
PBR 3.89x 2.05x - 0.53x 0.43x 0.77x 0.75x 0.73x
PEG - -0.9x 0x -0x -0x 0.2x 1.4x 1.36x
Capitalization / Revenue 13.4x 5.69x - 1.2x 1.56x 3.14x 3.09x 2.98x
EV / Revenue 0x 0x - 0x 0x 3.14x 3.09x 2.98x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x - 0x 0x 7.78x 7.7x 7.22x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.08 0.036 - - 0.027 0.052 0.054 0.059
Rate of return 0.98% 0.84% - - 3.29% 3.47% 3.6% 3.93%
EPS 2 0.2 0.07 -0.056 -0.152 0.05 0.09 0.1 0.11
Distribution rate 40% 51.4% - - 54% 57.8% 54% 53.6%
Net sales 1 569.2 706.7 - 760.8 490.1 444 451 467
EBITDA - - - - - - - -
EBIT 1 383.1 415.2 - 339.6 227 179 181 193
Net income 1 187.5 79.14 -52.54 -153.2 46.22 89 92 101
Net Debt - - - - - - - -
Reference price 2 8.150 4.300 2.180 0.980 0.820 1.500 1.500 1.500
Nbr of stocks (in thousands) 935,000 935,000 935,000 935,000 935,000 935,000 - -
Announcement Date 2/25/22 2/24/23 2/23/24 2/21/25 2/23/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.9x7.38x8.51x1.07% 23.2B
9.56x4.19x41.86x3.53% 7.75B
7.95x9.01x9.6x4.87% 6.58B
17.59x7.49x12.1x1.47% 6.34B
21.02x3.2x8.02x1.27% 4B
8.74x - - 3.7% 2.53B
2.84x - - - 2.29B
Average 10.94x 6.25x 16.02x 2.65% 7.52B
Weighted average by Cap. 10.57x 6.75x 14.49x 2.14%

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