Financials Sub Sri Thai Real Estate Investment Trust

Equities

SSTRT

TH8380010000

End-of-day quote Thailand S.E. 18:00:00 2024-06-18 EDT 5-day change 1st Jan Change
4.9 THB -0.81% Intraday chart for Sub Sri Thai Real Estate Investment Trust -1.21% -9.26%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 500.2 487.9 820.3 921.9 1,090 1,032
Enterprise Value (EV) 1 736.8 717.1 1,052 1,140 1,265 1,193
P/E ratio 11 x 21.5 x 10.3 x 11.2 x 13 x 8.93 x
Yield 8.62% 8.46% 10.2% 6.78% 7.02% 7.41%
Capitalization / Revenue 7.39 x 7.1 x 6.93 x 7.81 x 9.22 x 7.58 x
EV / Revenue 10.9 x 10.4 x 8.88 x 9.66 x 10.7 x 8.76 x
EV / EBITDA - - - - - -
EV / FCF 24.7 x 10.2 x -305 x 19 x 17.7 x 31.6 x
FCF Yield 4.05% 9.84% -0.33% 5.27% 5.66% 3.16%
Price to Book 0.79 x 0.76 x 0.65 x 0.72 x 0.73 x 0.68 x
Nbr of stocks (in thousands) 82,000 82,000 156,250 156,250 191,150 191,150
Reference price 2 6.100 5.950 5.250 5.900 5.700 5.400
Announcement Date 2/27/19 2/25/20 2/25/21 2/28/22 2/27/23 2/28/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 67.65 68.76 118.4 118.1 118.1 136.1
EBITDA - - - - - -
EBIT 1 54.08 54.94 93.41 98.18 97.23 122.1
Operating Margin 79.94% 79.9% 78.88% 83.13% 82.3% 89.71%
Earnings before Tax (EBT) 1 45.31 43.15 79.96 82.31 83.57 115.6
Net income 1 45.31 43.15 79.96 82.31 83.57 115.6
Net margin 66.97% 62.76% 67.52% 69.69% 70.74% 84.95%
EPS 2 0.5525 0.2762 0.5117 0.5268 0.4372 0.6050
Free Cash Flow 1 29.87 70.6 -3.447 60.1 71.59 37.72
FCF margin 44.15% 102.68% -2.91% 50.88% 60.59% 27.71%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) 65.93% 163.61% - 73.02% 85.66% 32.62%
Dividend per Share 2 0.5258 0.5034 0.5342 0.4000 0.4000 0.4000
Announcement Date 2/27/19 2/25/20 2/25/21 2/28/22 2/27/23 2/28/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 237 229 231 218 175 161
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 29.9 70.6 -3.45 60.1 71.6 37.7
ROE (net income / shareholders' equity) 7.16% 4.65% 6.41% 6.47% 6.05% 7.67%
ROA (Net income/ Total Assets) 3.71% 2.79% 3.77% 3.95% 3.67% 4.36%
Assets 1 1,222 1,544 2,122 2,084 2,277 2,653
Book Value Per Share 2 7.720 7.840 8.130 8.140 7.790 7.990
Cash Flow per Share 2 0.0200 0.0600 0.0400 0.0200 0.0900 0.0100
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 2/27/19 2/25/20 2/25/21 2/28/22 2/27/23 2/28/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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