Company Valuation: N.D. Rubber

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 457.3 957.4 728.5 412.8 836.1 598.5
Change - 109.36% -23.91% -43.33% 102.55% -28.42%
Enterprise Value (EV) 1 465.4 930.6 728.9 430.5 720.3 462.3
Change - 99.97% -21.68% -40.93% 67.32% -35.82%
P/E 10.1x 21.9x -29.9x -6.35x 84.5x 28.3x
PBR 0.61x 1.06x 0.86x 0.55x 0.88x 0.61x
PEG - -1.8x 0x -0x -1x 0x
Capitalization / Revenue 0.59x 1.14x 0.87x 0.49x 0.91x 0.64x
EV / Revenue 0.6x 1.11x 0.87x 0.51x 0.78x 0.49x
EV / EBITDA 4.65x 10.4x 22.3x 7.66x 8.9x 6.5x
EV / EBIT 7.98x 20.1x -49.6x 47.2x 18.2x 15.8x
EV / FCF 4.3x 38.7x -1,044x -48.2x -13.9x 16.6x
FCF Yield 23.2% 2.58% -0.1% -2.07% -7.17% 6.04%
Dividend per Share 2 0.05 0.03 0.02 0.05 - 0.035
Rate of return 3.45% 1.09% 0.95% 4.2% - 2.67%
EPS 2 0.1435 0.126 -0.0703 -0.1873 0.0217 0.0463
Distribution rate 34.8% 23.8% -28.5% -26.7% - 75.6%
Net sales 1 775.8 841.4 839.3 836.3 918.1 937
EBITDA 1 100.1 89.06 32.64 56.23 80.91 71.08
EBIT 1 58.35 46.29 -14.7 9.117 39.66 29.19
Net income 1 45.26 41.63 -24.37 -64.97 8.187 21.15
Net Debt 1 8.047 -26.84 0.3816 17.7 -115.8 -136.2
Reference price 2 1.450 2.760 2.100 1.190 1.830 1.310
Nbr of stocks (in thousands) 315,392 346,892 346,892 346,892 456,892 456,892
Announcement Date 2/23/21 2/22/22 2/23/23 2/28/24 2/28/25 2/26/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.07x0.98x5.54x4% 25.08B
14.68x1.24x5.42x4% 8.23B
8.42x1.1x5.3x3.44% 6.75B
10.74x0.95x6.01x2.4% 5.91B
25.28x1.6x12.33x0.18% 5.72B
5.68x0.48x2.9x4.37% 5.54B
9x - - 2.88% 5.18B
30.07x3.46x17.77x0.72% 4.92B
14.13x - - 3.41% 4.58B
Average 14.68x 1.40x 7.89x 2.82% 7.99B
Weighted average by Cap. 14.32x 1.23x 6.90x 3.2%

Y-o-Y evolution of P/E

Valuation ratios - P/E - N.D. Rubber

Historical PBR trend

Valuation ratios - PBR - N.D. Rubber

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - N.D. Rubber

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - N.D. Rubber