Company Valuation: AAPICO Hitech

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,581 10,557 9,936 5,478 4,235 5,176 - -
Change - 10.19% -5.88% -44.86% -22.7% 22.22% - -
Enterprise Value (EV) 1 17,048 13,807 13,200 9,150 7,917 10,041 10,168 6,804
Change - -19.02% -4.39% -30.68% -13.47% 26.82% 1.26% -33.08%
P/E 9.34x 5.79x 6.17x 7.58x 5.78x 6.43x 5.89x 5.49x
PBR 1.13x 1.1x 0.92x 0.55x 0.39x 0.45x 0.43x 0.43x
PEG - 0.1x -0.5x -0.1x 4.14x 0.65x 0.65x 0.75x
Capitalization / Revenue 0.47x 0.38x 0.33x 0.21x 0.16x 0.2x 0.2x 0.19x
EV / Revenue 0.83x 0.49x 0.44x 0.34x 0.31x 0.39x 0.39x 0.25x
EV / EBITDA 10x 5.16x 4.41x 4.97x 3.72x 4.59x 4.33x 3.02x
EV / EBIT 25.5x 9.06x 7.62x 16.9x 15.1x 16.7x 14.8x 7.71x
EV / FCF 8.65x 12.7x 10.8x 22.3x 20.1x 14.4x 10.5x 5.06x
FCF Yield 11.6% 7.89% 9.27% 4.48% 4.98% 6.96% 9.5% 19.8%
Dividend per Share 2 0.94 1.54 1.65 0.78 0.79 0.89 0.9967 1.07
Rate of return 3.48% 5.18% 5.89% 4.79% 6.27% 5.78% 6.47% 6.95%
EPS 2 2.89 5.14 4.54 2.15 2.18 2.395 2.613 2.805
Distribution rate 32.5% 30% 36.3% 36.3% 36.2% 37.2% 38.1% 38.1%
Net sales 1 20,433 27,967 30,034 26,588 25,780 25,785 26,400 27,453
EBITDA 1 1,699 2,678 2,994 1,840 2,126 2,188 2,347 2,255
EBIT 1 668.5 1,524 1,731 541.3 524 600.7 687 882
Net income 1 1,024 1,824 1,610 747 731.4 850 910.3 967.5
Net Debt 1 7,468 3,250 3,264 3,672 3,683 4,865 4,992 1,628
Reference price 2 27.00 29.75 28.00 16.30 12.60 15.40 15.40 15.40
Nbr of stocks (in thousands) 354,842 354,842 354,842 336,087 336,087 336,087 - -
Announcement Date 28/02/22 28/02/23 29/02/24 28/02/25 28/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.47x0.39x4.6x5.74% 157M
17.99x1.24x9.52x2.07% 41.24B
12.18x0.58x5.08x3.84% 30.5B
8.01x0.47x6.06x1.88% 24.27B
14.43x2.6x8.95x4.22% 20.25B
30.06x1.19x12.57x0.61% 17.85B
10.25x0.48x4.72x3.1% 16.96B
13.34x1.37x7.06x4.13% 16.01B
47.29x5.17x36.14x0.76% 14.85B
12.67x0.96x6.39x1.07% 12.45B
Average 17.27x 1.44x 10.11x 2.74% 19.45B
Weighted average by Cap. 17.40x 1.40x 9.82x 2.51%

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. AH Stock
  4. Valuation AAPICO Hitech
-40%: Exceptional extension
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