SIAM WELLNESS GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.85 THB | 0.00% |
|
0.00% | -11.42% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,265 | 5,942 | 5,771 | 10,089 | 9,918 | 8,785 | - | - |
| Enterprise Value (EV) 1 | 8,304 | 6,219 | 6,183 | 10,516 | 9,979 | 9,144 | 8,863 | 8,548 |
| P/E ratio | 33.6 x | -28.4 x | -20.1 x | -115 x | 29.9 x | 27.5 x | 23.5 x | 21.6 x |
| Yield | 1.03% | - | - | - | 1.2% | 1.47% | 1.63% | 2.23% |
| Capitalization / Revenue | 5.97 x | 13.9 x | 34.4 x | 14.2 x | 6.86 x | 5.21 x | 4.48 x | 4.12 x |
| EV / Revenue | 6 x | 14.6 x | 36.9 x | 14.8 x | 6.9 x | 5.43 x | 4.52 x | 4.01 x |
| EV / EBITDA | 21 x | 778 x | 90.7 x | 39.7 x | 17.4 x | 13.3 x | 11.8 x | 10.5 x |
| EV / FCF | 49.6 x | -57.4 x | -55.9 x | 151 x | 20.4 x | 25.1 x | 17.6 x | 15.1 x |
| FCF Yield | 2.02% | -1.74% | -1.79% | 0.66% | 4.9% | 3.98% | 5.69% | 6.63% |
| Price to Book | 7.3 x | 6.56 x | 9.33 x | - | 11 x | 8.67 x | 6.11 x | 5.23 x |
| Nbr of stocks (in thousands) | 1,282,500 | 1,282,500 | 1,282,500 | 1,282,500 | 1,282,500 | 1,282,499 | - | - |
| Reference price 2 | 6.444 | 4.633 | 4.500 | 7.867 | 7.733 | 6.850 | 6.850 | 6.850 |
| Announcement Date | 20-03-01 | 21-02-22 | 22-02-28 | 23-02-27 | 24-02-26 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,384 | 426.9 | 167.6 | 711.3 | 1,446 | 1,685 | 1,960 | 2,132 |
| EBITDA 1 | 396.2 | 7.996 | 68.15 | 265 | 573.4 | 687.8 | 752.2 | 813.3 |
| EBIT 1 | 278.6 | -198.4 | -258.6 | -46.71 | 297.4 | 383.1 | 460.9 | 486.5 |
| Operating Margin | 20.13% | -46.47% | -154.28% | -6.57% | 20.56% | 22.73% | 23.52% | 22.82% |
| Earnings before Tax (EBT) 1 | 287.5 | -211.2 | -295.4 | -87.06 | 277.1 | 376.1 | 458.8 | 500.7 |
| Net income 1 | 245.5 | -209.1 | -286.7 | -88.03 | 332.1 | 308.6 | 390 | 449.7 |
| Net margin | 17.74% | -48.98% | -171.06% | -12.38% | 22.97% | 18.31% | 19.9% | 21.09% |
| EPS 2 | 0.1916 | -0.1633 | -0.2233 | -0.0687 | 0.2587 | 0.2495 | 0.2917 | 0.3167 |
| Free Cash Flow 1 | 167.5 | -108.4 | -110.7 | 69.8 | 489.1 | 364 | 504.6 | 566.6 |
| FCF margin | 12.11% | -25.39% | -66.04% | 9.81% | 33.82% | 21.6% | 25.75% | 26.57% |
| FCF Conversion (EBITDA) | 42.29% | - | - | 26.34% | 85.31% | 52.92% | 67.09% | 69.66% |
| FCF Conversion (Net income) | 68.25% | - | - | - | 147.26% | 117.95% | 129.39% | 125.97% |
| Dividend per Share 2 | 0.0667 | - | - | - | 0.0927 | 0.1007 | 0.1113 | 0.1527 |
| Announcement Date | 20-03-01 | 21-02-22 | 22-02-28 | 23-02-27 | 24-02-26 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | 110 | 132.4 | - | 195.8 | 273 | 320.2 | 356.3 | 383.8 | 385.8 | 393.9 | - | - |
| EBITDA | - | 27.7 | 56.34 | 88.16 | 77.17 | 107.6 | 134.8 | 139.6 | 159.4 | 144.8 | - | - | - |
| EBIT 1 | - | -47.99 | -18.56 | -62.44 | -4.593 | 26.19 | 61.46 | 69.69 | 86.6 | 79.63 | 95.64 | 97 | 197 |
| Operating Margin | - | -43.62% | -14.01% | - | -2.35% | 9.59% | 19.19% | 19.56% | 22.56% | 20.64% | 24.28% | - | - |
| Earnings before Tax (EBT) 1 | -168.3 | - | -29.39 | -83.67 | -16.16 | 12.77 | 51.91 | 59.29 | 81.46 | 84.44 | 92.04 | 91 | - |
| Net income 1 | -162.9 | -57.44 | -29.26 | -86.7 | -14.98 | 13.66 | 50.46 | 60.12 | 81.5 | 140.1 | 73.97 | 72.3 | - |
| Net margin | - | -52.2% | -22.1% | - | -7.65% | 5% | 15.76% | 16.87% | 21.23% | 36.31% | 18.78% | - | - |
| EPS | -0.1267 | -0.0447 | -0.0227 | -0.0673 | -0.0120 | 0.0107 | 0.0393 | 0.0467 | 0.0633 | 0.1087 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 21-08-09 | 22-05-16 | 22-08-10 | 22-08-10 | 22-11-09 | 23-02-27 | 23-05-14 | 23-08-10 | 23-11-10 | 24-02-26 | 24-05-14 | - | - |
1THB in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 39.5 | 277 | 412 | 427 | 61.4 | 359 | 77.5 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 238 |
| Leverage (Debt/EBITDA) | 0.0996 x | 34.6 x | 6.042 x | 1.61 x | 0.1071 x | 0.5212 x | 0.103 x | - |
| Free Cash Flow 1 | 168 | -108 | -111 | 69.8 | 489 | 364 | 505 | 567 |
| ROE (net income / shareholders' equity) | 23.4% | -20.5% | -37.6% | -14.8% | 45.2% | 32.2% | 30% | 28.6% |
| ROA (Net income/ Total Assets) | 17% | -10.1% | -11.7% | -3.76% | 15.1% | 16.2% | 16.7% | 18.8% |
| Assets 1 | 1,443 | 2,074 | 2,445 | 2,338 | 2,196 | 1,902 | 2,332 | 2,396 |
| Book Value Per Share 2 | 0.8800 | 0.7100 | 0.4800 | - | 0.7000 | 0.7900 | 1.120 | 1.310 |
| Cash Flow per Share 2 | 0.2500 | 0.0300 | -0.0600 | 0.1500 | 0.4300 | 0.5300 | 0.5300 | 0.6000 |
| Capex 1 | 158 | 141 | 29.8 | 117 | 59.6 | 250 | 156 | 148 |
| Capex / Sales | 11.41% | 33.06% | 17.78% | 16.44% | 4.12% | 14.84% | 7.97% | 6.94% |
| Announcement Date | 20-03-01 | 21-02-22 | 22-02-28 | 23-02-27 | 24-02-26 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
6.85
THB
Average target price
10.01
THB
Spread / Average Target
+46.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -11.42% | 239M | |
| -26.93% | 483M | |
| +45.31% | 486M | |
| -30.46% | 184M | |
| -25.07% | 91.69M | |
| -0.43% | 81.38M | |
| +31.87% | 69.61M | |
| -13.11% | 66.4M | |
| -1.92% | 60.62M | |
| -22.76% | 57.38M |
- Stock Market
- Equities
- SPA Stock
- Financials Siam Wellness Group
