Financials Sahamit Machinery

Equities

SMIT

TH0843010008

Iron & Steel

End-of-day quote Thailand S.E. 18:00:00 2024-05-07 EDT 5-day change 1st Jan Change
4.54 THB 0.00% Intraday chart for Sahamit Machinery +1.34% +0.44%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,127 1,993 2,067 2,555 2,629 2,396
Enterprise Value (EV) 1 2,913 1,740 1,625 2,166 2,200 1,775
P/E ratio 11.9 x 10.9 x 14 x 8.79 x 11.2 x 18.2 x
Yield 6.1% 8.51% 6.67% 7.47% 6.85% 5.31%
Capitalization / Revenue 1.34 x 0.98 x 1.23 x 1.24 x 1.21 x 1.47 x
EV / Revenue 1.25 x 0.86 x 0.97 x 1.05 x 1.01 x 1.09 x
EV / EBITDA 7.69 x 6.17 x 6.73 x 5.51 x 6.48 x 8.02 x
EV / FCF 26.8 x 11.8 x 5.29 x 1,105 x 12.2 x 6.6 x
FCF Yield 3.73% 8.45% 18.9% 0.09% 8.2% 15.2%
Price to Book 1.38 x 0.88 x 0.89 x 1.03 x 1.04 x 0.95 x
Nbr of stocks (in thousands) 530,000 530,000 530,000 530,000 530,000 530,000
Reference price 2 5.900 3.760 3.900 4.820 4.960 4.520
Announcement Date 19-02-15 20-02-13 21-03-01 22-02-25 23-02-24 24-02-23
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,335 2,032 1,682 2,058 2,180 1,629
EBITDA 1 379 282 241.5 393 339.8 221.2
EBIT 1 314.1 214.7 172 330.7 279.7 160.1
Operating Margin 13.45% 10.56% 10.22% 16.07% 12.83% 9.83%
Earnings before Tax (EBT) 1 324.1 225.9 174.1 352.4 288.9 159.4
Net income 1 263.5 182.2 147.3 290.5 235.7 131.7
Net margin 11.29% 8.97% 8.76% 14.12% 10.81% 8.08%
EPS 2 0.4971 0.3438 0.2780 0.5482 0.4447 0.2484
Free Cash Flow 1 108.6 146.9 307 1.961 180.5 269
FCF margin 4.65% 7.23% 18.25% 0.1% 8.28% 16.51%
FCF Conversion (EBITDA) 28.66% 52.1% 127.13% 0.5% 53.13% 121.58%
FCF Conversion (Net income) 41.23% 80.63% 208.41% 0.67% 76.6% 204.29%
Dividend per Share 2 0.3600 0.3200 0.2600 0.3600 0.3400 0.2400
Announcement Date 19-02-15 20-02-13 21-03-01 22-02-25 23-02-24 24-02-23
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 214 253 442 389 429 621
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 109 147 307 1.96 181 269
ROE (net income / shareholders' equity) 11.8% 8.06% 6.44% 12.1% 9.38% 5.2%
ROA (Net income/ Total Assets) 7.58% 5.26% 4.23% 7.57% 6.1% 3.53%
Assets 1 3,474 3,465 3,482 3,836 3,863 3,729
Book Value Per Share 2 4.270 4.260 4.370 4.700 4.790 4.780
Cash Flow per Share 2 0.0600 0.0600 0.0700 0.0500 0.1200 0.1100
Capex 1 80.9 126 15.3 30.5 96.5 39.9
Capex / Sales 3.46% 6.21% 0.91% 1.48% 4.42% 2.45%
Announcement Date 19-02-15 20-02-13 21-03-01 22-02-25 23-02-24 24-02-23
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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