Company Valuation: Samart Aviation Solutions

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 10,304 12,288 7,470 7,533 - -
Change - 19.25% -39.21% 0.85% - -
Enterprise Value (EV) 10,304 11,700 7,470 7,533 7,533 7,533
Change - 13.55% -36.16% 0.85% 0% 0%
P/E 35x 26.3x 13.8x 13.1x 12x 11.2x
PBR 8.08x 8.06x 5.43x 4.9x 4.56x 3.84x
PEG 1.1x 0.4x 0.8x 2.23x 1.35x 1.57x
Capitalization / Revenue 6.27x 7x 3.61x 3.81x 3.49x 3.19x
EV / Revenue 0x 0x 0x 3.81x 3.49x 3.19x
EV / EBITDA 0x 0x 0x 9.18x 8.28x 7.31x
EV / EBIT 0x 0x 0x 9.83x 8.97x -
EV / FCF 0x 0x 0x 14.5x 12.7x -
FCF Yield 2.94% 4.2% 8.79% 6.89% 7.88% -
Dividend per Share 2 0.75 1.1 0.9 0.745 0.81 0.84
Rate of return 4.66% 5.73% 7.69% 6.31% 6.86% 7.12%
EPS 2 0.46 0.73 0.85 0.9 0.98 1.05
Distribution rate 163% 151% 106% 82.8% 82.7% 80%
Net sales 1 1,644 1,756 2,071 1,980 2,157 2,360
EBITDA 1 579.1 710 826.2 820.3 909.7 1,031
EBIT 1 514.8 642.5 753.3 766.5 840 -
Net income 1 271.6 464.3 545.8 567.3 628.3 675
Net Debt - -588 - - - -
Reference price 2 16.10 19.20 11.70 11.80 11.80 11.80
Nbr of stocks (in thousands) 640,000 640,000 638,425 638,425 - -
Announcement Date 2/21/24 2/19/25 2/27/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.92x - - 6.38% 225M
45.85x13.35x23.59x1.29% 27.3B
20.38x3.23x10.03x1.49% 7.15B
14.5x6.02x9.19x5.83% 5.32B
22.76x4.32x11.01x3.22% 5B
144.5x - - 0.35% 4.89B
16.27x6.02x9.95x6.17% 3.87B
26.68x2.6x10.29x5.81% 3.24B
25.3x1.46x5.02x2% 2.89B
Average 36.68x 5.29x 11.30x 3.62% 6.66B
Weighted average by Cap. 42.09x 8.71x 16.54x 2.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Samart Aviation Solutions