Financials Solartron

Equities

SOLAR

TH0831010002

Renewable Energy Equipment & Services

End-of-day quote Thailand S.E. 18:00:00 2024-05-15 EDT 5-day change 1st Jan Change
0.62 THB -1.59% Intraday chart for Solartron -4.62% -7.46%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,110 838 642.1 816.2 979.4 802
Enterprise Value (EV) 1 2,276 1,954 1,764 1,403 1,850 1,707
P/E ratio -2.9 x -1.92 x -1.19 x -2.94 x -5.86 x 4.48 x
Yield - - - - - -
Capitalization / Revenue 1.58 x 1.97 x 2.2 x 4.48 x 3.6 x 1.92 x
EV / Revenue 3.24 x 4.58 x 6.04 x 7.71 x 6.79 x 4.08 x
EV / EBITDA -12.9 x -11.9 x -94.4 x -22.8 x 39.3 x 9.19 x
EV / FCF 13.5 x 14.6 x 18 x 10.8 x -18 x -98 x
FCF Yield 7.42% 6.83% 5.55% 9.24% -5.56% -1.02%
Price to Book 0.79 x 0.87 x 1.53 x 2.38 x 1.88 x 1.03 x
Nbr of stocks (in thousands) 544,125 544,125 544,125 544,125 1,088,249 1,197,073
Reference price 2 2.040 1.540 1.180 1.500 0.9000 0.6700
Announcement Date 2/28/19 3/2/20 3/2/21 2/28/22 2/28/23 3/1/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 702.7 426.3 292.2 182.1 272.4 418.3
EBITDA 1 -176.7 -164.6 -18.68 -61.47 47.09 185.6
EBIT 1 -356.6 -338.8 -185.4 -226.6 -115.8 17.47
Operating Margin -50.75% -79.47% -63.44% -124.45% -42.51% 4.18%
Earnings before Tax (EBT) 1 -416.4 -393 -587.6 -287.6 -160 199.1
Net income 1 -383.3 -435.4 -540.9 -282.9 -167.1 173.8
Net margin -54.55% -102.13% -185.12% -155.36% -61.35% 41.55%
EPS 2 -0.7045 -0.8001 -0.9940 -0.5101 -0.1536 0.1497
Free Cash Flow 1 169 133.5 97.95 129.6 -102.8 -17.42
FCF margin 24.05% 31.31% 33.53% 71.19% -37.74% -4.16%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 2/28/19 3/2/20 3/2/21 2/28/22 2/28/23 3/1/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,166 1,116 1,122 587 871 905
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -6.598 x -6.778 x -60.05 x -9.548 x 18.49 x 4.873 x
Free Cash Flow 1 169 133 98 130 -103 -17.4
ROE (net income / shareholders' equity) -22.9% -34.3% -70.4% -44.3% -24.4% 23.4%
ROA (Net income/ Total Assets) -6.64% -7.77% -5.27% -7.02% -3.7% 0.58%
Assets 1 5,770 5,601 10,258 4,031 4,519 30,047
Book Value Per Share 2 2.570 1.760 0.7700 0.6300 0.4800 0.6500
Cash Flow per Share 2 0.0400 0.0600 0.0400 0.0700 0.0500 0.0400
Capex 1 57.9 28.8 1.14 0.03 11.2 42.4
Capex / Sales 8.24% 6.76% 0.39% 0.01% 4.11% 10.13%
Announcement Date 2/28/19 3/2/20 3/2/21 2/28/22 2/28/23 3/1/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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