UNION AUCTION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.75 THB | 0.00% |
|
-1.52% | -14.47% |
| 05-10 | Union Auction Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 04-05 | Union Auction Public Company Limited Approves Management Appointments | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,905 | 5,445 | 5,665 | 5,170 | 6,270 | 5,362 | - | - |
| Enterprise Value (EV) 1 | 3,832 | 5,445 | 5,497 | 5,072 | 5,827 | 5,362 | 5,362 | 5,362 |
| P/E ratio | 16.5 x | 24.1 x | 22.4 x | 20.4 x | 18.1 x | 13.9 x | 13.7 x | 14.3 x |
| Yield | 5.63% | 4.14% | 4.37% | 3.24% | 4.91% | 6.92% | 7.08% | - |
| Capitalization / Revenue | 4.86 x | 6.27 x | 6.32 x | 5.46 x | 5.09 x | 4.09 x | 3.97 x | - |
| EV / Revenue | 4.86 x | 6.27 x | 6.32 x | 5.46 x | 5.09 x | 4.09 x | 3.97 x | - |
| EV / EBITDA | 11.4 x | - | 12.1 x | 11 x | 10.6 x | 8.25 x | 7.83 x | - |
| EV / FCF | - | - | 16.1 x | 19.9 x | 10.1 x | 11 x | - | - |
| FCF Yield | - | - | 6.23% | 5.02% | 9.86% | 9.1% | - | - |
| Price to Book | 7.55 x | 10.8 x | 10.5 x | 9.33 x | 10.6 x | 8.78 x | 8.55 x | - |
| Nbr of stocks (in thousands) | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | - | - |
| Reference price 2 | 7.100 | 9.900 | 10.30 | 9.400 | 11.40 | 9.750 | 9.750 | 9.750 |
| Announcement Date | 20-02-28 | 21-02-25 | 22-02-25 | 23-02-20 | 24-02-16 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 803.4 | 869.1 | 896.8 | 947.1 | 1,232 | 1,312 | 1,352 | - |
| EBITDA 1 | 341.8 | - | 467.9 | 468.4 | 593.7 | 650 | 684.5 | - |
| EBIT 1 | 293.4 | - | 340.3 | 335.3 | 451.9 | 488 | - | - |
| Operating Margin | 36.52% | - | 37.94% | 35.41% | 36.67% | 37.19% | - | - |
| Earnings before Tax (EBT) 1 | 293.4 | - | 322.1 | 316.9 | 436.1 | 462 | 458 | - |
| Net income 1 | 234.2 | 228 | 256.1 | 251.2 | 347.9 | 387 | 390.5 | - |
| Net margin | 29.16% | 26.23% | 28.56% | 26.53% | 28.23% | 29.49% | 28.88% | - |
| EPS 2 | 0.4300 | 0.4100 | 0.4600 | 0.4600 | 0.6300 | 0.7033 | 0.7100 | 0.6800 |
| Free Cash Flow 1 | - | - | 352.8 | 259.5 | 618.2 | 488 | - | - |
| FCF margin | - | - | 39.34% | 27.4% | 50.17% | 37.19% | - | - |
| FCF Conversion (EBITDA) | - | - | 75.4% | 55.4% | 104.12% | 75.08% | - | - |
| FCF Conversion (Net income) | - | - | 137.77% | 103.29% | 177.68% | 126.1% | - | - |
| Dividend per Share 2 | 0.4000 | 0.4100 | 0.4500 | 0.3050 | 0.5600 | 0.6750 | 0.6900 | - |
| Announcement Date | 20-02-28 | 21-02-25 | 22-02-25 | 23-02-20 | 24-02-16 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 238.1 | - | 287.5 | - | 268.6 | 326.9 | 329.4 |
| EBITDA 1 | - | - | 154.8 | - | 120.2 | 160.3 | 157.1 |
| EBIT 1 | 104.8 | - | 121.8 | - | 85.75 | 121.6 | 119.7 |
| Operating Margin | 44.01% | - | 42.38% | - | 31.92% | 37.2% | 36.36% |
| Earnings before Tax (EBT) 1 | 102.4 | - | 118.3 | - | 81.75 | 117.3 | 117.3 |
| Net income 1 | 81.51 | 66.86 | 94.52 | 95.69 | 65.21 | 93.87 | 93.16 |
| Net margin | 34.23% | - | 32.87% | - | 24.28% | 28.71% | 28.29% |
| EPS 2 | 0.1400 | 0.1200 | - | 0.1700 | - | 0.1700 | 0.1700 |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 22-02-25 | 22-11-11 | 23-02-20 | 23-04-15 | 23-08-11 | 23-11-10 | 24-02-16 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | 72.6 | - | 168 | 98.4 | 443 | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 353 | 260 | 618 | 488 | - |
| ROE (net income / shareholders' equity) | 47.2% | 44.5% | 49% | 46% | 60.8% | 62.6% | 61.6% |
| ROA (Net income/ Total Assets) | 29.5% | - | 14.2% | 13.8% | 18.4% | 18.9% | 18.7% |
| Assets 1 | 793 | - | 1,802 | 1,816 | 1,893 | 2,053 | 2,084 |
| Book Value Per Share 2 | 0.9400 | 0.9200 | 0.9800 | 1.010 | 1.080 | 1.110 | 1.140 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 62.9 | - | 54.9 | 40.5 | 91.7 | 70 | - |
| Capex / Sales | 7.82% | - | 6.12% | 4.27% | 7.44% | 5.33% | - |
| Announcement Date | 20-02-28 | 21-02-25 | 22-02-25 | 23-02-20 | 24-02-16 | - | - |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
9.75
THB
Average target price
12.67
THB
Spread / Average Target
+29.91%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.47% | 146M | |
| -9.13% | 183B | |
| +35.65% | 89.72B | |
| -15.21% | 85.56B | |
| +4.57% | 84.2B | |
| +10.53% | 52.7B | |
| +23.15% | 26.87B | |
| +32.15% | 11.4B | |
| -26.69% | 7.13B | |
| -8.48% | 5.99B |
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- Financials Union Auction
