Company Valuation: Starflex

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,141 2,444 2,835 2,220 2,356 2,213 - -
Change - -40.99% 16% -21.67% 6.1% -6.08% - -
Enterprise Value (EV) 4,141 2,444 2,835 2,832 2,913 2,213 2,213 2,213
Change - -40.99% 16% -0.1% 2.86% -24.03% 0% 0%
P/E 28.1x 42.6x 15.6x 7.94x 9.81x 9.25x 9.25x 8.97x
PBR - - 2.85x 1.96x 2.08x 1.93x 1.72x 1.67x
PEG - -0.7x 0x 0.1x -0.9x ∞x - 2.87x
Capitalization / Revenue 2.47x 1.46x 1.58x 1.19x 1.2x 1.06x 1.02x 0.96x
EV / Revenue 0x 0x 0x 0x 0x 1.06x 1.02x 0.96x
EV / EBITDA 0x 0x 0x 0x 0x 6.34x 6.06x 5.79x
EV / EBIT - - 0x 0x 0x 7.96x 7.6x 7.23x
EV / FCF -0x 0x 0x 0x 0x 10.5x 9.25x 20x
FCF Yield -3.15% 1.27% 6.65% 4.86% 12.6% 9.52% 10.8% 5.01%
Dividend per Share 2 0.085 - 0.075 0.133 0.104 0.11 0.11 0.11
Rate of return 1.68% - 2.09% 4.65% 3.31% 3.72% 3.72% 3.72%
EPS 2 0.18 0.07 0.23 0.36 0.32 0.32 0.32 0.33
Distribution rate 47.2% - 32.6% 36.9% 32.5% 34.4% 34.4% 33.3%
Net sales 1 1,674 1,669 1,795 1,869 1,963 2,081 2,176 2,306
EBITDA 1 222.9 124.2 265.2 332.5 332.6 349 365 382
EBIT 1 - - 207 266.2 261.9 278 291 306
Net income 1 149.8 55.07 184.3 280.8 243.2 251 257 260
Net Debt - - - 611.4 556.9 - - -
Reference price 2 5.050 2.980 3.580 2.860 3.140 2.960 2.960 2.960
Nbr of stocks (in thousands) 820,000 820,000 791,793 776,337 750,235 742,480 - -
Announcement Date 2/25/22 2/22/23 2/27/24 2/26/25 2/25/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.25x - - 3.72% 65.82M
18.53x1.6x10.77x1.23% 17.39B
15.93x1.3x8.49x1.18% 12.73B
18.39x1.79x10.95x2.25% 13.37B
18.34x2.17x10.38x1.55% 11.32B
28.12x1.15x8.45x2.77% 9.14B
12.92x1.04x7.1x2.05% 4.34B
15.39x - - 2.57% 4.5B
17.22x2.18x9.79x5.69% 3.03B
Average 17.12x 1.61x 9.42x 2.56% 8.43B
Weighted average by Cap. 18.63x 1.61x 9.77x 1.94%

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