Financials Workpoint Entertainment

Equities

WORK

TH0788010005

Entertainment Production

End-of-day quote Thailand S.E. 18:00:00 2024-06-25 EDT 5-day change 1st Jan Change
10.2 THB -2.86% Intraday chart for Workpoint Entertainment +10.27% -7.27%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,182 6,932 9,935 8,036 4,857 4,504 - -
Enterprise Value (EV) 1 4,254 4,835 9,935 8,036 4,857 4,504 4,504 4,504
P/E ratio 38.8 x 43.6 x 30.7 x 46.9 x - 170 x 128 x 102 x
Yield 2.14% 1.78% 2.58% 1.81% - 0.49% 0.59% 0.78%
Capitalization / Revenue 2.23 x 3.04 x 4.46 x 3.37 x 2.01 x 1.91 x 1.8 x 1.7 x
EV / Revenue 2.23 x 3.04 x 4.46 x 3.37 x 2.01 x 1.91 x 1.8 x 1.7 x
EV / EBITDA 9.26 x 11.6 x 14.2 x 16.7 x - 15.7 x 15.6 x 15.3 x
EV / FCF 12,303,708 x 13,697,360 x 15,867,568 x 89,520,566 x - - - -
FCF Yield 0% 0% 0% 0% - - - -
Price to Book 1.38 x 1.54 x 2.15 x - - 1.02 x 1.02 x 1.01 x
Nbr of stocks (in thousands) 441,560 441,560 441,560 441,560 441,560 441,560 - -
Reference price 2 14.00 15.70 22.50 18.20 11.00 10.20 10.20 10.20
Announcement Date 2/25/20 2/24/21 2/24/22 2/24/23 2/21/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,772 2,277 2,228 2,387 2,422 2,361 2,499 2,649
EBITDA 1 667.3 599.2 697.8 481.9 - 287 288 294
EBIT 1 180.2 148.7 355.2 204 -13.91 -83 -82 -76
Operating Margin 6.5% 6.53% 15.95% 8.55% -0.57% -3.52% -3.28% -2.87%
Earnings before Tax (EBT) 1 191.9 196.4 415.9 230.1 18.64 6 12 24
Net income 1 159.5 159.1 324.2 171.4 13.48 26 34 45
Net margin 5.75% 6.99% 14.55% 7.18% 0.56% 1.1% 1.36% 1.7%
EPS 2 0.3610 0.3600 0.7340 0.3880 - 0.0600 0.0800 0.1000
Free Cash Flow 502.4 506.1 626.1 89.77 - - - -
FCF margin 18.13% 22.23% 28.11% 3.76% - - - -
FCF Conversion (EBITDA) 75.3% 84.46% 89.73% 18.63% - - - -
FCF Conversion (Net income) 315.01% 318.09% 193.13% 52.37% - - - -
Dividend per Share 2 0.3000 0.2800 0.5800 0.3300 - 0.0500 0.0600 0.0800
Announcement Date 2/25/20 2/24/21 2/24/22 2/24/23 2/21/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1
Net sales 550.1 - - - - - - - - - - -
EBITDA 67.63 - - - - - - - - - - -
EBIT -15.76 - - - - - - - - - - -
Operating Margin -2.87% - - - - - - - - - - -
Earnings before Tax (EBT) -11.43 - - - - - - - - - - -
Net income 1 -17.46 32.33 37.32 65.53 36.23 29.01 47.91 14.72 -78.15 9.008 26 35
Net margin -3.17% - - - - - - - - - - -
EPS - - - - - - - - - 0.0200 - -
Dividend per Share - - - - - - - - - - - -
Announcement Date 2/24/22 5/11/22 8/10/22 11/9/22 2/24/23 5/11/23 8/10/23 11/9/23 2/21/24 5/10/24 - -
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 1,928 2,098 - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 502 506 626 89.8 - - - -
ROE (net income / shareholders' equity) 3.54% 3.54% 7.1% 3.74% - 6% 6.6% 1.03%
ROA (Net income/ Total Assets) 2.84% 3.13% 6.23% 3.28% - - - -
Assets 1 5,618 5,086 5,202 5,226 - - - -
Book Value Per Share 2 10.20 10.20 10.50 - - 9.990 10.00 10.10
Cash Flow per Share 1.420 1.520 1.780 - - - - -
Capex 123 153 158 311 - - - -
Capex / Sales 4.42% 6.7% 7.1% 13.05% - - - -
Announcement Date 2/25/20 2/24/21 2/24/22 2/24/23 2/21/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
2
Last Close Price
10.2 THB
Average target price
7.7 THB
Spread / Average Target
-24.51%
Consensus

Annual profits - Rate of surprise

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  2. Equities
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  4. Financials Workpoint Entertainment