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 6,895 - -
Change - 19.25% -39.21% -7.69% - -
Enterprise Value (EV) 10,304 11,700 7,470 6,895 6,895 6,895
Change - 13.55% -36.16% -7.69% 0% 0%
P/E 35x 26.3x 13.8x 12.1x 11x 10.1x
PBR 8.08x 8.06x 5.43x 4.43x 4.16x 3.64x
PEG 1.1x 0.4x 0.8x 2.57x 1x 1.17x
Capitalization / Revenue 6.27x 7x 3.61x 3.49x 3.2x 2.96x
EV / Revenue 0x 0x 0x 3.49x 3.2x 2.96x
EV / EBITDA 0x 0x 0x 8.38x 7.56x 6.81x
EV / EBIT 0x 0x 0x 8.97x 8.13x 7.37x
EV / FCF 0x 0x 0x 12.6x 11.1x 9.34x
FCF Yield 2.94% 4.2% 8.79% 7.96% 9.03% 10.7%
Dividend per Share 2 0.75 1.1 0.9 0.81 0.855 0.885
Rate of return 4.66% 5.73% 7.69% 7.5% 7.92% 8.19%
EPS 2 0.46 0.73 0.85 0.89 0.985 1.07
Distribution rate 163% 151% 106% 91% 86.8% 82.7%
Net sales 1 1,644 1,756 2,071 1,977 2,156 2,332
EBITDA 1 579.1 710 826.2 822.5 912.5 1,013
EBIT 1 514.8 642.5 753.3 768.3 847.7 936
Net income 1 271.6 464.3 545.8 565.2 631.2 686
Net Debt - -588 - - - -
Reference price 2 16.10 19.20 11.70 10.80 10.80 10.80
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.($)
11.91x - - 7.64% 203M
44.72x12.91x22.83x1.33% 26.24B
19.16x3.1x9.7x1.64% 6.45B
22.49x4.37x10.97x3.14% 5.1B
137.5x - - 0.36% 4.69B
13.03x5.32x8.22x6% 4.67B
18.83x6.8x11.26x5.32% 4.48B
25.37x2.46x9.72x6.13% 3.05B
24.55x1.49x4.79x1.98% 2.93B
Average 35.28x 5.21x 11.07x 3.73% 6.42B
Weighted average by Cap. 40.71x 8.47x 16.06x 2.44%

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

  1. Stock Market
  2. Stocks
  3. SAV Stock
  4. Valuation Samart Aviation Solutions
-40%: Exceptional extension
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