Financials Thai Poly Acrylic

Equities

TPA

TH0457010Z02

Commodity Chemicals

End-of-day quote Thailand S.E. 18:00:00 2024-05-14 EDT 5-day change 1st Jan Change
4.48 THB -0.44% Intraday chart for Thai Poly Acrylic +3.23% +0.45%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 789.8 662.2 662.2 771.5 741.2 541.9
Enterprise Value (EV) 1 591.6 498.3 492.5 670.2 621.4 408.8
P/E ratio -20.2 x 20 x 11.4 x 42.4 x -35.9 x 45.4 x
Yield 6.92% 8.26% 8.26% 7.09% - 5.61%
Capitalization / Revenue 0.69 x 0.71 x 0.71 x 0.86 x 0.98 x 0.68 x
EV / Revenue 0.51 x 0.53 x 0.53 x 0.75 x 0.82 x 0.52 x
EV / EBITDA -20.9 x 8 x 5.03 x 20.8 x -120 x 15.4 x
EV / FCF -10.5 x -55.7 x 8.26 x -29.4 x 8.14 x 19.4 x
FCF Yield -9.57% -1.79% 12.1% -3.4% 12.3% 5.16%
Price to Book 1.48 x 1.3 x 1.3 x 1.61 x 1.82 x 1.28 x
Nbr of stocks (in thousands) 121,500 121,500 121,500 121,500 121,500 121,500
Reference price 2 6.500 5.450 5.450 6.350 6.100 4.460
Announcement Date 19-02-22 20-02-19 21-02-18 22-02-25 23-02-23 24-02-22
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,149 935.7 930.8 894.3 758.5 793.6
EBITDA 1 -28.3 62.27 97.99 32.14 -5.167 26.6
EBIT 1 -49.18 41.32 76.84 11.81 -24.31 8.095
Operating Margin -4.28% 4.42% 8.26% 1.32% -3.2% 1.02%
Earnings before Tax (EBT) 1 -49.25 41.25 72.88 22.59 -22.14 9.846
Net income 1 -39.06 33.05 57.91 18.21 -20.5 11.94
Net margin -3.4% 3.53% 6.22% 2.04% -2.7% 1.5%
EPS 2 -0.3215 0.2720 0.4767 0.1499 -0.1700 0.0983
Free Cash Flow 1 -56.59 -8.943 59.61 -22.77 76.32 21.11
FCF margin -4.92% -0.96% 6.4% -2.55% 10.06% 2.66%
FCF Conversion (EBITDA) - - 60.83% - - 79.38%
FCF Conversion (Net income) - - 102.93% - - 176.82%
Dividend per Share 2 0.4500 0.4500 0.4500 0.4500 - 0.2500
Announcement Date 19-02-22 20-02-19 21-02-18 22-02-25 23-02-23 24-02-22
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 198 164 170 101 120 133
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -56.6 -8.94 59.6 -22.8 76.3 21.1
ROE (net income / shareholders' equity) -6.83% 6.34% 11.4% 3.68% -4.63% 2.87%
ROA (Net income/ Total Assets) -3.29% 3.15% 5.93% 0.93% -2.27% 0.77%
Assets 1 1,187 1,050 977 1,952 902.1 1,550
Book Value Per Share 2 4.390 4.190 4.210 3.940 3.350 3.490
Cash Flow per Share 2 1.630 1.340 1.170 0.6200 0.7500 0.9800
Capex 1 10.8 15.3 10.1 10.1 8.13 8.21
Capex / Sales 0.94% 1.63% 1.08% 1.13% 1.07% 1.03%
Announcement Date 19-02-22 20-02-19 21-02-18 22-02-25 23-02-23 24-02-22
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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