SE-EDUCATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.91 THB | -12.39% |
|
-11.57% | -13.18% |
| 02-22 | SE-Education Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | SE-Education Public Company Limited Approves the Principle on a Long-Term Loan | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,199 | 764.3 | 595.8 | 878 | 878 | 862.3 |
| Enterprise Value (EV) 1 | 1,331 | 917.5 | 1,094 | 1,333 | 1,308 | 1,247 |
| P/E ratio | 82.1 x | 63.7 x | -18 x | -15.4 x | -298 x | 23.9 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.35 x | 0.25 x | 0.28 x | 0.48 x | 0.43 x | 0.4 x |
| EV / Revenue | 0.39 x | 0.3 x | 0.52 x | 0.73 x | 0.64 x | 0.58 x |
| EV / EBITDA | 9.2 x | 6.91 x | 15.3 x | 36.5 x | 14.3 x | 10.6 x |
| EV / FCF | 41.5 x | -15 x | 264 x | 13.4 x | 54 x | 17.2 x |
| FCF Yield | 2.41% | -6.67% | 0.38% | 7.45% | 1.85% | 5.82% |
| Price to Book | 1.02 x | 0.66 x | 0.55 x | 0.85 x | 0.84 x | 0.71 x |
| Nbr of stocks (in thousands) | 391,944 | 391,944 | 391,944 | 391,944 | 391,944 | 391,944 |
| Reference price 2 | 3.060 | 1.950 | 1.520 | 2.240 | 2.240 | 2.200 |
| Announcement Date | 19-02-22 | 20-02-26 | 21-02-25 | 22-02-25 | 23-02-24 | 24-02-22 |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,381 | 3,027 | 2,120 | 1,816 | 2,056 | 2,148 |
| EBITDA 1 | 144.7 | 132.8 | 71.6 | 36.52 | 91.5 | 118.1 |
| EBIT 1 | 34.16 | 34.66 | -3.165 | -28.02 | 33.44 | 63.77 |
| Operating Margin | 1.01% | 1.15% | -0.15% | -1.54% | 1.63% | 2.97% |
| Earnings before Tax (EBT) 1 | 21.54 | 23.63 | -18.86 | -49.92 | 11.72 | 65.09 |
| Net income 1 | 14.61 | 11.99 | -33.13 | -57.08 | -2.946 | 36.05 |
| Net margin | 0.43% | 0.4% | -1.56% | -3.14% | -0.14% | 1.68% |
| EPS 2 | 0.0373 | 0.0306 | -0.0845 | -0.1456 | -0.007516 | 0.0920 |
| Free Cash Flow 1 | 32.07 | -61.19 | 4.144 | 99.35 | 24.22 | 72.58 |
| FCF margin | 0.95% | -2.02% | 0.2% | 5.47% | 1.18% | 3.38% |
| FCF Conversion (EBITDA) | 22.16% | - | 5.79% | 272.04% | 26.47% | 61.45% |
| FCF Conversion (Net income) | 219.42% | - | - | - | - | 201.3% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 19-02-22 | 20-02-26 | 21-02-25 | 22-02-25 | 23-02-24 | 24-02-22 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 132 | 153 | 498 | 455 | 430 | 385 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.9107 x | 1.153 x | 6.957 x | 12.47 x | 4.7 x | 3.261 x |
| Free Cash Flow 1 | 32.1 | -61.2 | 4.14 | 99.4 | 24.2 | 72.6 |
| ROE (net income / shareholders' equity) | 1.87% | 1.8% | -1.49% | -4.22% | 0.84% | 4.26% |
| ROA (Net income/ Total Assets) | 0.8% | 0.86% | -0.07% | -0.65% | 0.84% | 1.58% |
| Assets 1 | 1,819 | 1,397 | 44,286 | 8,729 | -350.9 | 2,283 |
| Book Value Per Share 2 | 3.000 | 2.960 | 2.790 | 2.630 | 2.660 | 3.110 |
| Cash Flow per Share 2 | 0.3600 | 0.2800 | 0.3100 | 0.3500 | 0.2600 | 0.3000 |
| Capex 1 | 41 | 42.1 | 55 | 37.9 | 76.9 | 49.8 |
| Capex / Sales | 1.21% | 1.39% | 2.59% | 2.09% | 3.74% | 2.32% |
| Announcement Date | 19-02-22 | 20-02-26 | 21-02-25 | 22-02-25 | 23-02-24 | 24-02-22 |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -13.18% | 20.68M | |
| +26.76% | 3.44B | |
| +22.08% | 3.02B | |
| +20.03% | 2.82B | |
| -8.27% | 2.48B | |
| -12.09% | 2.29B | |
| +5.90% | 2B | |
| -13.49% | 1.84B | |
| +6.37% | 1.47B | |
| -24.65% | 1.08B |
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