Financials WHA Business Complex Freehold and Leasehold Real Estate Investment Trust

Equities

WHABT

TH6900010005

Commercial REITs

End-of-day quote Thailand S.E. 18:00:00 2024-07-07 EDT 5-day change 1st Jan Change
7.35 THB +1.38% Intraday chart for WHA Business Complex Freehold and Leasehold Real Estate Investment Trust +2.80% -12.50%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 2,020 1,697 1,727 1,858 1,808 1,606
Enterprise Value (EV) 1 2,507 2,095 2,091 2,209 2,145 1,931
P/E ratio 11.4 x 10.2 x 10.4 x 10.4 x 9.85 x 9.82 x
Yield 5.45% 7.08% 7.54% 7.22% 7.54% 8.57%
Capitalization / Revenue 8.37 x 7.03 x 8.13 x 8.5 x 7.89 x 6.85 x
EV / Revenue 10.4 x 8.68 x 9.85 x 10.1 x 9.36 x 8.24 x
EV / EBITDA - - - - - -
EV / FCF 26.4 x 25.7 x 24.8 x 23.3 x 22.3 x 18.2 x
FCF Yield 3.79% 3.89% 4.04% 4.29% 4.48% 5.51%
Price to Book 0.95 x 0.79 x 0.79 x 0.83 x 0.79 x 0.7 x
Nbr of stocks (in thousands) 202,000 202,000 202,000 202,000 202,000 202,000
Reference price 2 10.00 8.400 8.550 9.200 8.950 7.950
Announcement Date 5/28/19 5/25/20 5/20/21 5/24/22 5/24/23 5/21/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net sales 1 241.2 241.3 212.3 218.7 229.1 234.4
EBITDA - - - - - -
EBIT 1 143 151.2 152.7 158.3 161.4 164.5
Operating Margin 59.27% 62.66% 71.92% 72.4% 70.46% 70.17%
Earnings before Tax (EBT) 1 177.2 166.1 166.4 178.9 183.6 163.6
Net income 1 177.2 166.1 166.4 178.9 183.6 163.6
Net margin 73.48% 68.84% 78.34% 81.83% 80.13% 69.78%
EPS 2 0.8774 0.8224 0.8235 0.8858 0.9087 0.8097
Free Cash Flow 1 95.13 81.54 84.5 94.75 96.02 106.3
FCF margin 39.44% 33.79% 39.79% 43.33% 41.92% 45.36%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) 53.68% 49.09% 50.79% 52.95% 52.31% 65%
Dividend per Share 2 0.5445 0.5945 0.6445 0.6645 0.6745 0.6815
Announcement Date 5/28/19 5/25/20 5/20/21 5/24/22 5/24/23 5/21/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net Debt 1 487 398 364 350 337 325
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 95.1 81.5 84.5 94.8 96 106
ROE (net income / shareholders' equity) 8.46% 7.78% 7.67% 8.11% 8.15% 7.14%
ROA (Net income/ Total Assets) 3.36% 3.48% 3.48% 3.58% 3.59% 3.61%
Assets 1 5,272 4,776 4,781 5,004 5,115 4,532
Book Value Per Share 2 10.50 10.70 10.80 11.00 11.30 11.40
Cash Flow per Share 2 0.0500 0.4900 0.6600 0.7300 0.8100 0.8800
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 5/28/19 5/25/20 5/20/21 5/24/22 5/24/23 5/21/24
1THB in Million2THB
Estimates
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