Financials SCG Packaging

Equities

SCGP

TH0098010Y05

Paper Packaging

End-of-day quote Thailand S.E. 18:00:00 2024-04-25 EDT 5-day change 1st Jan Change
32.25 THB -0.77% Intraday chart for SCG Packaging +3.20% -10.42%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 178,156 297,285 244,696 154,545 138,447 - -
Enterprise Value (EV) 1 190,198 328,341 282,521 180,979 179,202 184,867 190,746
P/E ratio 21.3 x 35.9 x 42.2 x 29.5 x 22 x 19.6 x 17.9 x
Yield 1.01% 0.94% 1.05% - 1.95% 2.06% 2.57%
Capitalization / Revenue 1.92 x 2.39 x 1.68 x 1.19 x 0.97 x 0.91 x 0.87 x
EV / Revenue 2.05 x 2.64 x 1.93 x 1.4 x 1.25 x 1.21 x 1.2 x
EV / EBITDA 11.1 x 15.5 x 14.6 x 10.9 x 9.08 x 8.55 x 8.35 x
EV / FCF 34.7 x -26.4 x 80.4 x 13.8 x -29.4 x 45 x 26 x
FCF Yield 2.88% -3.79% 1.24% 7.25% -3.4% 2.22% 3.85%
Price to Book 2.01 x 3.07 x 2.52 x 2 x 1.7 x 1.51 x 1.52 x
Nbr of stocks (in thousands) 4,292,920 4,292,920 4,292,920 4,292,920 4,292,920 - -
Reference price 2 41.50 69.25 57.00 36.00 32.25 32.25 32.25
Announcement Date 21-01-26 22-01-25 23-01-24 24-01-23 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 92,786 124,223 146,068 129,398 143,383 152,439 159,077
EBITDA 1 - 17,098 21,150 19,402 16,646 19,737 21,623 22,839
EBIT 1 - 9,915 12,835 9,703 7,440 9,533 11,173 12,069
Operating Margin - 10.69% 10.33% 6.64% 5.75% 6.65% 7.33% 7.59%
Earnings before Tax (EBT) 1 - 8,308 11,712 8,289 6,582 8,381 9,578 10,390
Net income 1 5,269 6,457 8,294 5,801 5,248 6,321 7,101 7,724
Net margin - 6.96% 6.68% 3.97% 4.06% 4.41% 4.66% 4.86%
EPS 2 1.690 1.950 1.930 1.350 1.220 1.465 1.649 1.799
Free Cash Flow 1 - 5,476 -12,448 3,513 13,120 -6,088 4,106 7,343
FCF margin - 5.9% -10.02% 2.4% 10.14% -4.25% 2.69% 4.62%
FCF Conversion (EBITDA) - 32.02% - 18.11% 78.82% - 18.99% 32.15%
FCF Conversion (Net income) - 84.8% - 60.56% 250% - 57.83% 95.06%
Dividend per Share 2 - 0.4200 0.6500 0.6000 - 0.6301 0.6632 0.8301
Announcement Date 20-10-21 21-01-26 22-01-25 23-01-24 24-01-23 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 31,930 35,144 36,634 37,982 37,943 33,509 33,729 32,216 65,945 31,573 31,881 33,948 - - - -
EBITDA 1 4,678 5,410 4,988 5,478 5,483 3,554 4,471 4,680 - 4,230 4,162 5,129 - - - -
EBIT 1 2,142 3,110 2,594 3,068 3,005 1,043 2,114 2,388 - 2,020 1,816 2,507 - - - -
Operating Margin 6.71% 8.85% 7.08% 8.08% 7.92% 3.11% 6.27% 7.41% - 6.4% 5.7% 7.39% - - - -
Earnings before Tax (EBT) 1 2,460 2,791 2,308 - 2,634 569.4 1,600 1,883 - 1,538 1,561 2,327 - - - -
Net income 1 1,781 2,116 1,658 1,856 1,837 449.4 1,220 1,485 - 1,324 1,219 1,725 1,458 1,455 1,397 -
Net margin 5.58% 6.02% 4.53% 4.89% 4.84% 1.34% 3.62% 4.61% - 4.19% 3.82% 5.08% - - - -
EPS 2 0.4100 0.4900 0.3900 0.4300 0.4300 0.1000 0.2800 0.3500 - 0.3100 0.2800 0.4000 0.3526 0.3390 0.3255 -
Dividend per Share 2 - 0.4000 - - - - - - - - - - - - 0.7736 -
Announcement Date 21-10-26 22-01-25 22-04-26 22-07-26 22-10-25 23-01-24 23-04-25 23-07-25 23-07-25 23-10-24 24-01-23 24-04-23 - - - -
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 12,042 31,056 37,825 26,434 40,755 46,421 52,299
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 0.7043 x 1.468 x 1.95 x 1.588 x 2.065 x 2.147 x 2.29 x
Free Cash Flow 1 - 5,476 -12,448 3,513 13,120 -6,088 4,106 7,343
ROE (net income / shareholders' equity) - 9.81% 8.94% 5.98% 6.01% 7.77% 8.15% 8.64%
ROA (Net income/ Total Assets) - 4.14% 4.37% 2.87% 2.65% 3.68% 3.83% 4.22%
Assets 1 - 155,970 189,629 202,048 197,923 171,919 185,274 183,040
Book Value Per Share 2 - 20.70 22.60 22.60 18.00 18.90 21.30 21.30
Cash Flow per Share 2 - 4.750 1.750 4.010 4.990 3.710 3.560 4.040
Capex 1 - 10,253 19,949 13,721 8,361 10,053 10,727 8,634
Capex / Sales - 11.05% 16.06% 9.39% 6.46% 7.01% 7.04% 5.43%
Announcement Date 20-10-21 21-01-26 22-01-25 23-01-24 24-01-23 - - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
32.25 THB
Average target price
41.01 THB
Spread / Average Target
+27.17%
Consensus
  1. Stock Market
  2. Equities
  3. SCGP Stock
  4. Financials SCG Packaging