Company Valuation: Qualitech

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 406.1 406.1 591.4 283.9 236.6 157.7
Change - 0% 45.63% -52% -16.67% -33.33%
Enterprise Value (EV) 1 292.1 251.2 570.5 275.9 204.6 118.1
Change - -13.99% 127.1% -51.65% -25.83% -42.28%
P/E 12.8x 61.5x 33.1x -2.01x -23x 48.5x
PBR 0.91x 0.94x 1.35x 0.96x 0.84x 0.56x
PEG - -0.8x 0x 0x 0.2x -0x
Capitalization / Revenue 0.96x 1.04x 1.3x 0.66x 0.56x 0.42x
EV / Revenue 0.69x 0.64x 1.25x 0.65x 0.48x 0.32x
EV / EBITDA 4.95x 7.77x 12.8x -2.31x 16.1x 5.92x
EV / EBIT 9.09x 35.1x 23.6x -1.94x -25.2x 24.9x
EV / FCF 14.6x 4.29x 27.5x -3.4x 8.21x 9.83x
FCF Yield 6.84% 23.3% 3.64% -29.4% 12.2% 10.2%
Dividend per Share 2 0.3 0.2 - - - 0.031
Rate of return 7.28% 4.85% - - - 1.94%
EPS 2 0.3229 0.067 0.1812 -1.434 -0.1043 0.033
Distribution rate 92.9% 298% - - - 93.9%
Net sales 1 421.5 389.7 455.4 427.6 423.2 373.3
EBITDA 1 58.98 32.33 44.5 -119.2 12.73 19.95
EBIT 1 32.15 7.161 24.21 -142.4 -8.105 4.748
Net income 1 31.83 6.606 17.86 -141.3 -10.28 3.253
Net Debt 1 -114 -154.9 -20.88 -8.008 -31.94 -39.59
Reference price 2 4.120 4.120 6.000 2.880 2.400 1.600
Nbr of stocks (in thousands) 98,568 98,568 98,568 98,568 98,568 98,568
Announcement Date 2/22/21 2/14/22 2/27/23 2/19/24 2/26/25 2/25/26
1THB in Million2THB
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 5.4M
54.55x2.52x24.05x0.07% 95B
11.88x1.03x5.64x4.92% 67.36B
24.45x1.91x18.77x1.19% 52.65B
29.59x3.7x20.07x0.23% 50.56B
46.09x3.73x23.54x2.1% 35.86B
22x1.51x13.93x0.21% 31.83B
25.73x0.64x10.55x2.42% 31.54B
5.24x0.32x6.06x5.38% 28.04B
21.45x0.4x6.34x2.87% 26.93B
Average 26.78x 1.75x 14.33x 2.15% 41.98B
Weighted average by Cap. 30.15x 1.95x 15.79x 1.9%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Qualitech

Historical PBR trend

Valuation ratios - PBR - Qualitech

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Qualitech

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Qualitech