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 5,075 - -
Change - 10.19% -5.88% -44.86% -22.7% 19.84% - -
Enterprise Value (EV) 1 17,048 13,807 13,200 9,150 7,917 7,748 5,075 6,703
Change - -19.02% -4.39% -30.68% -13.47% -2.14% -34.5% 32.09%
P/E 9.34x 5.79x 6.17x 7.58x 5.78x 6.64x 6.03x 5.14x
PBR 1.13x 1.1x 0.92x 0.55x 0.39x - - -
PEG - 0.1x -0.5x -0.1x 4.14x 1.52x 0.6x 0.3x
Capitalization / Revenue 0.47x 0.38x 0.33x 0.21x 0.16x 0.2x 0.19x 0.19x
EV / Revenue 0.83x 0.49x 0.44x 0.34x 0.31x 0.3x 0.19x 0.25x
EV / EBITDA 10x 5.16x 4.41x 4.97x 3.72x 3.85x 2.39x 2.75x
EV / EBIT 25.5x 9.06x 7.62x 16.9x 15.1x 12.9x - 6.34x
EV / FCF 8.65x 12.7x 10.8x 22.3x 20.1x 10.4x 4.62x 6.04x
FCF Yield 11.6% 7.89% 9.27% 4.48% 4.98% 9.62% 21.7% 16.6%
Dividend per Share 2 0.94 1.54 1.65 0.78 0.79 0.83 0.98 1.18
Rate of return 3.48% 5.18% 5.89% 4.79% 6.27% 5.5% 6.49% 7.81%
EPS 2 2.89 5.14 4.54 2.15 2.18 2.275 2.505 2.94
Distribution rate 32.5% 30% 36.3% 36.3% 36.2% 36.5% 39.1% 40.1%
Net sales 1 20,433 27,967 30,034 26,588 25,780 25,492 27,070 26,289
EBITDA 1 1,699 2,678 2,994 1,840 2,126 2,012 2,119 2,434
EBIT 1 668.5 1,524 1,731 541.3 524 599 - 1,057
Net income 1 1,024 1,824 1,610 747 731.4 784.5 864.5 989
Net Debt 1 7,468 3,250 3,264 3,672 3,683 2,673 - 1,628
Reference price 2 27.00 29.75 28.00 16.30 12.60 15.10 15.10 15.10
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.($)
6.64x0.3x3.85x5.5% 150M
22.18x1.5x11.57x1.69% 46.88B
17.01x0.71x5.21x3.43% 34.68B
12.37x0.66x5.52x3.68% 32.83B
10.86x0.67x8.67x1.35% 30.98B
14.34x2.58x9.01x4.17% 20.68B
11.15x0.52x5.08x2.93% 18.38B
11.89x1.04x5.94x4.22% 16.23B
27.52x1.1x11.44x0.59% 15.67B
12.82x1.01x6.7x1.04% 13.18B
Average 14.68x 1.01x 7.30x 2.86% 22.97B
Weighted average by Cap. 15.97x 1.08x 7.91x 2.58%

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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