Company Valuation: Siam City Cement

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 46,637 45,743 40,379 48,723 42,465 44,402 - -
Change - -1.92% -11.73% 20.66% -12.84% 4.56% - -
Enterprise Value (EV) 1 65,033 64,269 56,536 63,140 56,897 56,032 52,256 50,770
Change - -1.17% -12.03% 11.68% -9.89% -1.52% -6.74% -2.84%
P/E 11x 24.6x 15.1x 9.04x 12.2x 11.3x 10.6x 9.79x
PBR 1.24x 1.38x 1.22x 1.4x 1.32x 1.36x 1.32x 1.29x
PEG - -0.4x 0.3x 0x -0.3x 0.9x 1.57x 1.14x
Capitalization / Revenue 1.12x 0.91x 0.96x 1.11x 0.78x 0.8x 0.79x 0.77x
EV / Revenue 1.56x 1.28x 1.34x 1.44x 1.05x 1.01x 0.93x 0.89x
EV / EBITDA 8.08x 10.2x 8.73x 5.83x 5.06x 4.72x 4.2x 3.89x
EV / EBIT 15.7x 25.1x 18.4x 8.95x 9.33x 8.5x 7.72x 7.01x
EV / FCF 10.2x 20.3x 12.6x 10.4x 10.7x 8.25x 7.34x 8.1x
FCF Yield 9.83% 4.93% 7.94% 9.59% 9.38% 12.1% 13.6% 12.3%
Dividend per Share 2 9 9 7 11 11 11 11.52 13
Rate of return 5.75% 5.86% 5.17% 6.73% 7.72% 7.38% 7.73% 8.72%
EPS 2 14.25 6.23 9 18.08 11.72 13.14 14.02 15.22
Distribution rate 63.2% 144% 77.8% 60.8% 93.9% 83.7% 82.1% 85.4%
Net sales 1 41,678 50,126 42,218 43,790 54,198 55,266 56,386 57,295
EBITDA 1 8,046 6,291 6,476 10,837 11,256 11,875 12,434 13,035
EBIT 1 4,153 2,563 3,066 7,054 6,098 6,594 6,770 7,245
Net income 1 4,248 1,857 2,682 5,388 3,493 3,914 4,178 4,536
Net Debt 1 18,396 18,526 16,157 14,417 14,432 11,630 7,854 6,368
Reference price 2 156.50 153.50 135.50 163.50 142.50 149.00 149.00 149.00
Nbr of stocks (in thousands) 298,000 298,000 298,000 298,000 298,000 298,000 - -
Announcement Date 2/11/22 2/10/23 2/9/24 2/27/25 2/20/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.31x1.01x4.71x7.41% 1.32B
20.98x2.8x11.07x2.47% 51.58B
25.39x3.55x12.83x-.--% 15.24B
11.12x0.51x2.32x4.62% 13.22B
12.51x3.4x6.95x5.96% 12.71B
46.76x4x18.78x0.59% 9.93B
9.03x1.36x5.13x1.81% 8.67B
20.41x6.73x12.49x4.72% 6.76B
15.96x3.43x10.74x0.49% 6.36B
26.26x1.32x6.47x3.51% 5.45B
Average 19.97x 2.81x 9.15x 3.16% 13.12B
Weighted average by Cap. 20.69x 2.86x 9.99x 2.67%

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. SCCC Stock
  4. Valuation Siam City Cement