Financials Padaeng Industry

Equities

BEYOND

TH0088010002

Hotels, Motels & Cruise Lines

End-of-day quote Thailand S.E. Other stock markets 18:00:00 2024-05-08 EDT			5-day change	1st Jan Change
9.55 ^THB	-2.55%		-1.04%	-19.07%

03-18	Bound and Beyond Public Company Limited Announces Resignation of Chokchai Aksaranan as Independent Director and Chairman of the Risk Management Committee	CI
02-29	Bound and Beyond Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,149	3,553	3,423	2,770	-	-
Enterprise Value (EV) ¹	3,149	3,553	3,423	2,770	2,770	2,770
P/E ratio	3.11 x	-10.4 x	22.1 x	22.2 x	12.4 x	10.4 x
Yield	-	-	-	2.3%	4.08%	4.82%
Capitalization / Revenue	-	-	1.03 x	0.82 x	0.76 x	0.72 x
EV / Revenue	-	-	1.03 x	0.82 x	0.76 x	0.72 x
EV / EBITDA	-	-	3.88 x	3.29 x	2.94 x	2.82 x
EV / FCF	-	-	-	3.9 x	3.6 x	3.8 x
FCF Yield	-	-	-	25.7%	27.7%	26.3%
Price to Book	-	-	-	0.45 x	0.43 x	0.42 x
Nbr of stocks (in thousands)	288,869	288,869	290,069	290,069	-	-
Reference price ²	10.90	12.30	11.80	9.550	9.550	9.550
Announcement Date	22-02-24	23-02-23	24-02-29	-	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	-	3,315	3,395	3,642	3,836
EBITDA ¹	-	-	883.3	842	943	984
EBIT ¹	-	-	577.3	533	634	670
Operating Margin	-	-	17.41%	15.7%	17.41%	17.47%
Earnings before Tax (EBT) ¹	-	-	159.1	167	299	358
Net income ¹	877.7	-341.9	158.2	134	239	286
Net margin	-	-	4.77%	3.95%	6.56%	7.46%
EPS ²	3.510	-1.180	0.5343	0.4300	0.7700	0.9200
Free Cash Flow ¹	-	-	-	710.6	768.5	729.9
FCF margin	-	-	-	20.93%	21.1%	19.03%
FCF Conversion (EBITDA)	-	-	-	84.4%	81.5%	74.18%
FCF Conversion (Net income)	-	-	-	530.33%	321.55%	255.22%
Dividend per Share ²	-	-	-	0.2200	0.3900	0.4600
Announcement Date	22-02-24	23-02-23	24-02-29	-	-	-

¹THB in Million²THB

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q2	2023 Q3	2023 Q4
Net sales ¹	815.3	613.9	673.2	886
EBITDA ¹	198.1	-	101.8	194.8
EBIT ¹	122.1	-22.63	25.11	117.8
Operating Margin	14.98%	-3.69%	3.73%	13.3%
Earnings before Tax (EBT) ¹	23.03	-	-66.24	12.57
Net income ¹	17.03	204.9	-61.14	-2.651
Net margin	2.09%	33.38%	-9.08%	-0.3%
EPS ²	0.0575	-	-0.2113	-0.009400
Dividend per Share	-	-	-	-
Announcement Date	23-05-15	23-08-08	23-11-07	24-02-29

¹THB in Million²THB

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	711	769	730
ROE (net income / shareholders' equity)	-	-	-	2.1%	3.6%	4.2%
ROA (Net income/ Total Assets)	-	-	-	3.3%	3.9%	4.2%
Assets ¹	-	-	-	4,061	6,128	6,810
Book Value Per Share ²	-	-	-	21.40	22.00	22.50
Cash Flow per Share ²	-	-	-	1.430	1.770	1.940
Capex ¹	-	-	-	154	162	230
Capex / Sales	-	-	-	4.54%	4.45%	6%
Announcement Date	22-02-24	23-02-23	24-02-29	-	-	-

¹THB in Million²THB

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Padaeng Industry

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.55 THB

Average target price

22 THB

Spread / Average Target

+130.37%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Hotels, Motels & Cruise Lines

	1st Jan change	Capi.
PADAENG INDUSTRY	-19.07%	76.96M
MARRIOTT INTERNATIONAL, INC.	+5.33%	67.22B
HILTON WORLDWIDE HOLDINGS INC.	+11.75%	50.11B
INTERCONTINENTAL HOTELS GROUP PLC	+9.90%	15.99B
HYATT HOTELS CORPORATION	+16.76%	14.95B
ACCOR	+16.97%	11.03B
THE INDIAN HOTELS COMPANY LIMITED	+25.63%	9.61B
MINOR INTERNATIONAL	+12.71%	4.99B
HILTON GRAND VACATIONS INC.	+7.42%	4.55B
ASSET WORLD CORP	+17.42%	3.74B

Other Hotels, Motels & Cruise Lines