Company Valuation: Samart Digital

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,511 6,375 2,684 1,192 1,381 1,381
Change - 81.59% -57.9% -55.6% 15.85% 0%
Enterprise Value (EV) 1 6,710 9,322 5,532 3,181 2,889 2,613
Change - 38.92% -40.66% -42.5% -9.16% -9.58%
P/E -10.2x -17.7x -2.15x -0.8x 256x 22.4x
PBR 8.63x 8.29x 32.1x 5.99x 4.21x 3.55x
PEG - 3.65x -0x 0x -3x 0x
Capitalization / Revenue 5.36x 15.7x 4.21x 0.62x 2.13x 2.55x
EV / Revenue 10.2x 22.9x 8.68x 1.67x 4.46x 4.82x
EV / EBITDA 248x -175x -179x -479x 9.19x 7.83x
EV / EBIT -56.4x -61.8x -42.4x -19.5x 22.8x 16.6x
EV / FCF 19.2x -26.8x 20.5x -114x 196x 13.4x
FCF Yield 5.19% -3.73% 4.88% -0.88% 0.51% 7.49%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0303 -0.0288 -0.0882 -0.05 0.000156 0.001783
Distribution rate - - - - - -
Net sales 1 655.1 406.6 637.5 1,907 647.4 542.4
EBITDA 1 27.05 -53.27 -30.98 -6.64 314.4 333.8
EBIT 1 -118.9 -150.8 -130.6 -162.7 126.5 157.1
Net income 1 -342.9 -332.2 -1,175 -753.5 5.037 61.56
Net Debt 1 3,200 2,947 2,848 1,989 1,509 1,232
Reference price 2 0.3100 0.5100 0.1900 0.0400 0.0400 0.0400
Nbr of stocks (in thousands) 11,324,423 12,499,844 14,126,269 29,793,016 34,516,369 34,516,369
Announcement Date 2/23/21 2/24/22 2/23/23 2/22/24 2/20/25 2/26/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 20.96M
14.97x0.82x10.89x4.08% 2.02B
4.55x0.1x3.09x6.42% 329M
Average 9.76x 0.46x 6.99x 5.25% 790.75M
Weighted average by Cap. 13.51x 0.72x 9.80x 4.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Samart Digital
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