PREMIER PRODUCTS |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.73 THB | -3.35% |
|
-3.89% | -9.90% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 810 | 630 | 612 | 672 | 624 | 576 |
| Enterprise Value (EV) 1 | 1,226 | 774.3 | 696.6 | 739.3 | 691.3 | 690.5 |
| P/E ratio | 20.2 x | 6.69 x | 90.5 x | -14.9 x | -5.36 x | -7.14 x |
| Yield | 1.85% | 9.52% | - | - | - | - |
| Capitalization / Revenue | 0.61 x | 0.47 x | 0.55 x | 0.7 x | 0.61 x | 0.52 x |
| EV / Revenue | 0.92 x | 0.58 x | 0.62 x | 0.77 x | 0.68 x | 0.62 x |
| EV / EBITDA | 6.62 x | 4.4 x | 5.16 x | 14.2 x | 6.99 x | 8.95 x |
| EV / FCF | 9.55 x | 6.46 x | 4.15 x | 15.3 x | 13.6 x | 569 x |
| FCF Yield | 10.5% | 15.5% | 24.1% | 6.53% | 7.34% | 0.18% |
| Price to Book | 0.86 x | 0.62 x | 0.63 x | 0.71 x | 0.75 x | 0.77 x |
| Nbr of stocks (in thousands) | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 |
| Reference price 2 | 2.700 | 2.100 | 2.040 | 2.240 | 2.080 | 1.920 |
| Announcement Date | 2/18/19 | 2/18/20 | 2/16/21 | 2/21/22 | 2/20/23 | 2/19/24 |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,336 | 1,329 | 1,119 | 962.7 | 1,020 | 1,108 |
| EBITDA 1 | 185.1 | 176.1 | 135.1 | 52.12 | 98.89 | 77.13 |
| EBIT 1 | 84.21 | 73.66 | 33.36 | -41.4 | 11 | 13.51 |
| Operating Margin | 6.3% | 5.54% | 2.98% | -4.3% | 1.08% | 1.22% |
| Earnings before Tax (EBT) 1 | 57.86 | 137.8 | 21.84 | -48.32 | -134.6 | -87.91 |
| Net income 1 | 40.09 | 94.11 | 6.766 | -45.22 | -116.4 | -80.63 |
| Net margin | 3% | 7.08% | 0.6% | -4.7% | -11.4% | -7.28% |
| EPS 2 | 0.1336 | 0.3137 | 0.0226 | -0.1507 | -0.3879 | -0.2688 |
| Free Cash Flow 1 | 128.3 | 119.9 | 167.8 | 48.3 | 50.72 | 1.213 |
| FCF margin | 9.61% | 9.02% | 14.99% | 5.02% | 4.97% | 0.11% |
| FCF Conversion (EBITDA) | 69.35% | 68.1% | 124.22% | 92.66% | 51.29% | 1.57% |
| FCF Conversion (Net income) | 320.1% | 127.43% | 2,479.95% | - | - | - |
| Dividend per Share 2 | 0.0500 | 0.2000 | - | - | - | - |
| Announcement Date | 2/18/19 | 2/18/20 | 2/16/21 | 2/21/22 | 2/20/23 | 2/19/24 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 416 | 144 | 84.6 | 67.3 | 67.3 | 115 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.245 x | 0.8195 x | 0.6262 x | 1.291 x | 0.6801 x | 1.485 x |
| Free Cash Flow 1 | 128 | 120 | 168 | 48.3 | 50.7 | 1.21 |
| ROE (net income / shareholders' equity) | 4.88% | 10.8% | 2.42% | -2.52% | -12% | -9.54% |
| ROA (Net income/ Total Assets) | 2.69% | 2.45% | 1.19% | -1.63% | 0.48% | 0.63% |
| Assets 1 | 1,493 | 3,835 | 570.4 | 2,772 | -24,396 | -12,880 |
| Book Value Per Share 2 | 3.150 | 3.410 | 3.260 | 3.160 | 2.780 | 2.510 |
| Cash Flow per Share 2 | 0.0400 | 0.0700 | 0.1000 | 0.0200 | 0.0100 | 0.0500 |
| Capex 1 | 15.1 | 40 | 36.2 | 10.3 | 50.1 | 17.6 |
| Capex / Sales | 1.13% | 3.01% | 3.24% | 1.07% | 4.91% | 1.59% |
| Announcement Date | 2/18/19 | 2/18/20 | 2/16/21 | 2/21/22 | 2/20/23 | 2/19/24 |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
1.73
THB
Average target price
7.11
THB
Spread / Average Target
+310.98%
| 1st Jan change | Capi. | |
|---|---|---|
| -9.90% | 14.09M | |
| +17.66% | 84.57B | |
| +19.84% | 24.33B | |
| +24.11% | 11.68B | |
| +25.50% | 11.21B | |
| +2.88% | 7.08B | |
| +21.74% | 4.8B | |
| +20.15% | 4.63B | |
| -7.46% | 2.93B | |
| -6.21% | 2.34B |
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