Company Valuation: Wice Logistics

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,516 6,715 4,006 2,449 1,461 2,013 - -
Change - -46.35% -40.33% -38.88% -40.31% 37.72% - -
Enterprise Value (EV) 11,889 5,678 3,613 2,359 1,372 2,013 2,013 2,013
Change - -52.24% -36.36% -34.7% -41.85% 46.71% 0% 0%
P/E 23.4x 12.1x 24x 25.5x 12x 14.3x 12.6x 10.5x
PBR 8.33x 3.59x 2.72x 1.84x 1.07x 1.44x 1.4x 1.34x
PEG - 3.31x -0.3x -0.6x 0.5x 0.9x 0.9x 0.5x
Capitalization / Revenue 1.64x 0.95x 1.05x 0.6x 0.31x 0.35x 0.31x 0.27x
EV / Revenue 0x 0x 0x 0x 0x 0.35x 0.31x 0.27x
EV / EBITDA 0x 0x 0x 0x 0x 6.04x 5.15x 4.28x
EV / EBIT 0x 0x 0x 0x 0x 13.2x 11.5x 9.41x
EV / FCF 0x 0x 0x 0x 0x 10.8x 16.9x 10.9x
FCF Yield 1.15% 11.9% 3.74% 1.87% 17.4% 9.29% 5.91% 9.19%
Dividend per Share 2 0.23 0.23 0.24 0.14 0.14 0.16 0.18 0.22
Rate of return 1.2% 2.23% 3.84% 3.66% 6.14% 5.1% 5.73% 7.01%
EPS 2 0.82 0.85 0.26 0.15 0.19 0.22 0.25 0.3
Distribution rate 28% 27.1% 92.3% 93.3% 73.7% 72.7% 72% 73.3%
Net sales 1 7,637 7,103 3,798 4,099 4,656 5,754 6,504 7,390
EBITDA 1 821.5 848.5 375.2 279.7 315.4 333 391 470
EBIT 1 748.5 739.3 239 98.11 144.3 153 175 214
Net income 1 535.5 554.1 170.4 97.73 122.1 138 157 192
Net Debt -627.8 -1,037 -392.9 -89.29 -89.58 - - -
Reference price 2 19.200 10.300 6.250 3.820 2.280 3.140 3.140 3.140
Nbr of stocks (in thousands) 651,900 651,900 641,000 641,000 641,000 641,000 - -
Announcement Date 2/23/22 2/21/23 2/20/24 2/25/25 2/27/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.45x - - 5.03% 61.91M
16.45x1.14x8.33x6.6% 84.41B
15.04x0.91x8x1.81% 73.18B
15.71x0.95x7x3.65% 70.06B
24.39x1.82x17.27x0.83% 24.48B
20.13x0.78x8.38x-.--% 11.84B
26.72x2.5x9.59x-.--% 9.03B
8.46x0.36x5.24x6.39% 6.25B
13.89x0.64x7.33x3.71% 5.65B
28.16x0.52x7.57x-.--% 5.3B
Average 18.34x 1.07x 8.75x 2.8% 29.03B
Weighted average by Cap. 17.05x 1.08x 8.62x 3.54%

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

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