Financials Polyplex (Thailand)

Equities

PTL

TH0815010002

Commodity Chemicals

End-of-day quote Thailand S.E. 18:00:00 2024-05-16 EDT 5-day change 1st Jan Change
10 THB +5.26% Intraday chart for Polyplex (Thailand) +4.71% -0.99%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 14,040 8,370 20,700 22,230 15,840 8,730
Enterprise Value (EV) 1 15,781 9,726 21,120 23,713 16,502 9,889
P/E ratio 6.04 x 4.64 x 6.97 x 6.26 x 7.56 x 29 x
Yield 4.1% 6.99% 4.35% 5.3% 4.77% -
Capitalization / Revenue 0.95 x 0.59 x 1.36 x 1.03 x 0.6 x 0.42 x
EV / Revenue 1.07 x 0.69 x 1.39 x 1.1 x 0.63 x 0.47 x
EV / EBITDA 5.66 x 3.25 x 5.04 x 4.99 x 4.81 x 5.09 x
EV / FCF 165 x 50.7 x 8.1 x -19.1 x 13.5 x -9.96 x
FCF Yield 0.61% 1.97% 12.3% -5.24% 7.39% -10%
Price to Book 1.21 x 0.65 x 1.35 x 1.25 x 0.83 x 0.43 x
Nbr of stocks (in thousands) 900,000 900,000 900,000 900,000 900,000 900,000
Reference price 2 15.60 9.300 23.00 24.70 17.60 9.700
Announcement Date 19-05-15 20-05-22 21-05-24 22-05-23 23-05-23 24-05-16
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024
Net sales 1 14,814 14,125 15,171 21,558 26,357 20,911
EBITDA 1 2,790 2,989 4,189 4,748 3,434 1,943
EBIT 1 2,036 2,128 3,260 3,763 2,346 833.2
Operating Margin 13.74% 15.06% 21.49% 17.45% 8.9% 3.98%
Earnings before Tax (EBT) 1 2,374 2,060 3,243 4,075 2,427 320.8
Net income 1 2,324 1,803 2,970 3,550 2,096 300.7
Net margin 15.69% 12.77% 19.58% 16.47% 7.95% 1.44%
EPS 2 2.583 2.003 3.300 3.944 2.329 0.3341
Free Cash Flow 1 95.78 191.7 2,606 -1,242 1,220 -993.3
FCF margin 0.65% 1.36% 17.18% -5.76% 4.63% -4.75%
FCF Conversion (EBITDA) 3.43% 6.41% 62.22% - 35.53% -
FCF Conversion (Net income) 4.12% 10.63% 87.76% - 58.21% -
Dividend per Share 2 0.6400 0.6500 1.000 1.310 0.8400 -
Announcement Date 19-05-15 20-05-22 21-05-24 22-05-23 23-05-23 24-05-16
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net Debt 1 1,741 1,356 420 1,483 662 1,159
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.6241 x 0.4535 x 0.1002 x 0.3124 x 0.1929 x 0.5966 x
Free Cash Flow 1 95.8 192 2,606 -1,242 1,220 -993
ROE (net income / shareholders' equity) 21.1% 14.7% 21% 21.4% 11.6% 1.82%
ROA (Net income/ Total Assets) 8.21% 7.98% 10.9% 10.3% 5.72% 1.98%
Assets 1 28,306 22,604 27,348 34,410 36,655 15,174
Book Value Per Share 2 12.90 14.30 17.00 19.80 21.20 22.40
Cash Flow per Share 2 0.9500 1.340 1.910 2.450 2.610 1.800
Capex 1 1,443 1,855 250 1,716 1,152 2,156
Capex / Sales 9.74% 13.13% 1.65% 7.96% 4.37% 10.31%
Announcement Date 19-05-15 20-05-22 21-05-24 22-05-23 23-05-23 24-05-16
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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