Company Valuation: Minor International

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 149,896 170,119 165,076 147,419 137,502 121,491 - -
Change - 13.49% -2.96% -10.7% -6.73% -11.64% - -
Enterprise Value (EV) 1 256,679 170,119 253,374 226,718 221,205 207,290 198,656 202,893
Change - -33.72% 48.94% -10.52% -2.43% -6.29% -4.17% 2.13%
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 1.28x 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 0.73x 0.7x 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 4.71x 4.32x 4.23x
EV / EBIT -29.8x 10.8x 12.5x 12.6x 13.6x 9.64x 8.65x 8.15x
EV / FCF 29.7x - 8.67x 7.44x 9.31x 13.3x 8.65x 8.57x
FCF Yield 3.37% - 11.5% 13.4% 10.7% 7.5% 11.6% 11.7%
Dividend per Share 2 - - - - 0.7 0.7236 0.7924 0.8494
Rate of return - - - - 2.88% 3.35% 3.67% 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% 41%
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 21.60 21.60 21.60
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.($)
12.76x1.24x4.7x3.37% 3.63B
30.36x3.81x17.63x0.84% 88.38B
36.49x6.26x20.08x0.2% 68.81B
26.07x9.99x17.93x1.36% 22.43B
47.56x2.53x15.43x0.39% 14.61B
20.41x2.37x10.8x3.19% 12.16B
45.72x9.08x26.59x0.46% 10.86B
8.85x1.75x6.79x3.83% 3.87B
14.14x1.33x8.86x3.29% 3.54B
31.88x6.77x19.42x0.82% 3.45B
Average 27.42x 4.51x 14.82x 1.77% 23.17B
Weighted average by Cap. 32.19x 5.16x 17.82x 0.9%

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. Valuation Minor International
-40%: Exceptional extension
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