Company Valuation: Sansiri

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 18,306 26,265 29,181 31,143 23,366 25,313 - -
Change - 43.47% 11.1% 6.72% -24.97% 8.33% - -
Enterprise Value (EV) 1 80,830 26,265 108,765 103,511 90,144 96,486 95,648 92,079
Change - -67.51% 314.11% -4.83% -12.91% 7.03% -0.87% -3.73%
P/E 11x 6.67x 5.12x 6.32x 5.61x 5.79x 5.63x 5.31x
PBR 0.47x - 0.62x 0.65x 0.47x 0.48x 0.46x 0.45x
PEG - 0x 0.2x -0.4x -0.3x 1.4x 2.09x 0.87x
Capitalization / Revenue 0.64x 0.78x 0.79x 0.82x 0.71x 0.74x 0.7x 0.68x
EV / Revenue 2.82x 0.78x 2.94x 2.74x 2.74x 2.82x 2.63x 2.49x
EV / EBITDA 23.2x 5.46x 18.1x 21.8x 22.1x 21.6x 19.5x 19.3x
EV / EBIT 30.4x 6.64x 21.3x 26.3x 27.5x 25.6x 24.4x 23.5x
EV / FCF -26.6x - -63.5x 10x 7.28x -19.7x -273x -23.7x
FCF Yield -3.76% - -1.57% 9.96% 13.7% -5.07% -0.37% -4.23%
Dividend per Share 2 0.06 - 0.2 0.17 0.13 0.1311 0.1354 0.1415
Rate of return 4.88% - 11.3% 9.44% 9.7% 9.1% 9.4% 9.83%
EPS 2 0.112 0.264 0.346 0.285 0.239 0.2489 0.2556 0.2712
Distribution rate 53.6% - 57.8% 59.6% 54.4% 52.7% 53% 52.2%
Net sales 1 28,642 33,712 36,965 37,786 32,853 34,175 36,316 36,972
EBITDA 1 3,477 4,807 6,003 4,745 4,071 4,476 4,910 4,776
EBIT 1 2,660 3,957 5,098 3,928 3,273 3,768 3,919 3,927
Net income 1 2,017 4,280 6,060 5,253 4,513 4,453 4,583 4,692
Net Debt 1 62,524 - 79,584 72,369 66,778 71,173 70,334 66,766
Reference price 2 1.230 1.760 1.770 1.800 1.340 1.440 1.440 1.440
Nbr of stocks (in thousands) 14,883,054 14,923,126 16,486,281 17,301,521 17,437,601 17,578,686 - -
Announcement Date 3/1/22 2/28/23 2/28/24 2/28/25 2/28/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
65.91x - - - 70.26B
9.31x3.53x7.8x-.--% 21.91B
6.92x15.42x18.32x7.28% 16.86B
4.3x0.01x0.02x7.52% 14.48B
7.44x15.99x - 7.1% 7.32B
-1.9x1.71x-19396.31x-.--% 6.23B
7.15x0.76x6.2x2.84% 5.31B
4.36x13.26x19.21x6.56% 3.97B
Average 12.94x 7.24x -3,224.12x 4.47% 18.3B
Weighted average by Cap. 34.93x 6.86x -1,749.27x 4.27%

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

-40%: Exceptional extension
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