Financials AEC Securities

Equities

BYD

TH0658A10Y09

Investment Banking & Brokerage Services

End-of-day quote Thailand S.E. 23:00:00 28/04/2024 BST 5-day change 1st Jan Change
3.12 THB +1.30% Intraday chart for AEC Securities +3.31% -30.97%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 599.9 404 728.4 27,862 55,763 22,828
Enterprise Value (EV) 1 1,251 388.3 586.8 27,132 53,733 20,995
P/E ratio -6.98 x -1.7 x -1.27 x -168 x -222 x -41.3 x
Yield - - - - - -
Capitalization / Revenue 0.98 x 1.7 x -8.71 x 288 x -14,965 x -226 x
EV / Revenue 2.05 x 1.63 x -7.02 x 280 x -14,420 x -208 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.64 x 0.61 x 1.1 x 19.1 x 4.66 x 1.94 x
Nbr of stocks (in thousands) 244,850 244,850 856,974 1,436,172 4,192,742 5,050,368
Reference price 2 2.450 1.650 0.8500 19.40 13.30 4.520
Announcement Date 28/02/19 28/02/20 01/03/21 28/02/22 01/03/23 28/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 611.1 238.3 -83.63 96.91 -3.726 -101
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 -86.9 -268 -317.5 -135.4 -210 -410
Net income 1 -85.95 -237.9 -300.6 -135 -161.7 -491.5
Net margin -14.06% -99.82% 359.48% -139.3% 4,340.54% 486.6%
EPS 2 -0.3510 -0.9715 -0.6672 -0.1154 -0.0600 -0.1095
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 28/02/19 28/02/20 01/03/21 28/02/22 01/03/23 28/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 651 - - - - -
Net Cash position 1 - 15.7 142 730 2,031 1,832
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) -8.54% -31.1% -44% -13.2% -2.41% -4.14%
ROA (Net income/ Total Assets) -3.46% -15.8% -30.6% -11.8% -2.35% -4.07%
Assets 1 2,486 1,504 981.6 1,145 6,870 12,085
Book Value Per Share 2 3.830 2.710 0.7700 1.010 2.860 2.330
Cash Flow per Share 2 0.1900 0.2400 0.0500 0.2400 0.4500 0.2800
Capex 1 3.49 4.31 2.27 1.64 13.2 14.3
Capex / Sales 0.57% 1.81% -2.71% 1.69% -355.18% -14.18%
Announcement Date 28/02/19 28/02/20 01/03/21 28/02/22 01/03/23 28/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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