Company Valuation: Minor International

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 149,896 170,119 165,076 147,419 137,502 120,928 - -
Change - 13.49% -2.96% -10.7% -6.73% -12.05% - -
Enterprise Value (EV) 1 256,679 170,119 253,374 226,718 221,205 206,728 198,093 202,331
Change - -33.72% 48.94% -10.52% -2.43% -6.54% -4.18% 2.14%
P/E -10.2x 60.8x 45.4x 24.5x 18.8x 12.8x 11.6x 10.4x
PBR 2.2x - 2.15x 1.68x 1.54x 1.3x 1.27x 1.22x
PEG - -1x 2x 0.4x 0.9x 0.4x 1.2x 0.9x
Capitalization / Revenue 2.16x 1.42x 1.11x 0.91x 0.86x 0.72x 0.69x 0.66x
EV / Revenue 3.69x 1.42x 1.7x 1.41x 1.38x 1.24x 1.14x 1.1x
EV / EBITDA 22.7x 4.85x 6.23x 5.22x 5.14x 4.7x 4.3x 4.22x
EV / EBIT -29.8x 10.8x 12.5x 12.6x 13.6x 9.61x 8.63x 8.13x
EV / FCF 29.7x - 8.67x 7.44x 9.31x 13.3x 8.63x 8.55x
FCF Yield 3.37% - 11.5% 13.4% 10.7% 7.52% 11.6% 11.7%
Dividend per Share 2 - - - - 0.7 0.7236 0.7924 0.8455
Rate of return - - - - 2.88% 3.37% 3.69% 3.93%
EPS 2 -2.83 0.53 0.65 1.06 1.29 1.685 1.854 2.074
Distribution rate - - - - 54.3% 43% 42.7% 40.8%
Net sales 1 69,481 119,929 149,340 161,352 160,619 166,825 174,451 184,520
EBITDA 1 11,323 35,073 40,673 43,394 42,999 43,976 46,029 47,948
EBIT 1 -8,619 15,798 20,273 17,936 16,260 21,507 22,956 24,894
Net income 1 -13,167 4,286 5,407 7,750 9,009 10,033 10,912 12,095
Net Debt 1 106,783 - 88,298 79,299 83,703 85,799 77,165 81,402
Reference price 2 28.75 32.25 29.50 26.00 24.30 21.50 21.50 21.50
Nbr of stocks (in thousands) 5,213,770 5,275,015 5,595,798 5,669,977 5,658,527 5,624,575 - -
Announcement Date 2/25/22 2/23/23 2/8/24 2/14/25 2/13/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.12x4x18.49x0.8% 93.5B
38.23x6.52x20.88x0.19% 72.08B
27.2x10.36x18.57x1.32% 23.41B
49.45x2.61x15.93x0.37% 15.19B
20.55x2.38x10.86x3.16% 12.14B
44.43x8.81x25.81x0.48% 10.55B
8.95x1.76x6.83x3.8% 3.91B
12.82x1.24x4.71x3.35% 3.61B
14.35x1.34x8.92x3.24% 3.6B
Average 27.57x 4.33x 14.56x 1.86% 26.44B
Weighted average by Cap. 33.60x 5.31x 18.45x 0.87%

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

  1. Stock Market
  2. Stocks
  3. MINT Stock
  4. MNILY Stock
  5. Valuation Minor International