Company Valuation: Tipco Asphalt

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,568 26,674 25,885 28,568 21,624 24,780 - -
Change - -6.63% -2.96% 10.37% -24.31% 14.6% - -
Enterprise Value (EV) 1 30,767 27,836 25,615 29,876 23,440 26,212 25,575 25,029
Change - -9.53% -7.98% 16.64% -21.54% 11.83% -2.43% -2.13%
P/E 12.8x 11.3x 11.2x 20.1x 19x 15.8x 14.5x 15.3x
PBR 1.86x 1.59x 1.58x 1.8x 1.58x 1.66x 1.66x 1.62x
PEG - 1.77x -4.2x -0.5x -1x 0.4x 1.59x -2.89x
Capitalization / Revenue 1.17x 0.89x 0.83x 1.02x 0.86x 0.92x 0.9x 0.89x
EV / Revenue 1.26x 0.93x 0.82x 1.07x 0.93x 0.98x 0.93x 0.9x
EV / EBITDA 6.68x 6.85x 6.45x 10.1x 10.5x 8.37x 7.5x 7.68x
EV / EBIT 9.13x 7.77x 9.22x 16.1x 19.6x 14.4x 12.1x 12.3x
EV / FCF 118x 11.2x 6.83x 105x 8.72x 19.4x 11.6x 13.8x
FCF Yield 0.85% 8.91% 14.6% 0.96% 11.5% 5.14% 8.61% 7.23%
Dividend per Share 2 1.05 1.25 1.25 1 1 0.9633 0.948 0.82
Rate of return 5.8% 7.4% 7.62% 5.52% 7.3% 6.14% 6.04% 5.22%
EPS 2 1.41 1.5 1.46 0.9 0.72 0.9933 1.084 1.027
Distribution rate 74.5% 83.3% 85.6% 111% 139% 97% 87.5% 79.9%
Net sales 1 24,447 30,025 31,106 27,964 25,086 26,816 27,548 27,929
EBITDA 1 4,607 4,066 3,972 2,969 2,236 3,130 3,411 3,258
EBIT 1 3,370 3,581 2,777 1,857 1,198 1,826 2,122 2,040
Net income 1 2,220 2,367 2,306 1,417 1,137 1,569 1,704 1,618
Net Debt 1 2,199 1,162 -270.6 1,308 1,816 1,432 794.6 249
Reference price 2 18.10 16.90 16.40 18.10 13.70 15.70 15.70 15.70
Nbr of stocks (in thousands) 1,578,362 1,578,362 1,578,362 1,578,362 1,578,362 1,578,362 - -
Announcement Date 2/17/22 2/17/23 2/16/24 2/17/25 2/19/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.81x0.98x8.37x6.14% 748M
16.08x0.9x8.31x3.96% 3.92B
Average 15.94x 0.94x 8.34x 5.05% 2.33B
Weighted average by Cap. 16.04x 0.91x 8.32x 4.31%

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

  1. Stock Market
  2. Stocks
  3. TASCO Stock
  4. Valuation Tipco Asphalt