Financials Asia Metal

Equities

AMC

TH0783010000

Iron & Steel

End-of-day quote Thailand S.E. 23:00:00 15/05/2024 BST 5-day change 1st Jan Change
3.26 THB +1.24% Intraday chart for Asia Metal +0.62% -2.40%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 845 888.2 1,114 2,333 1,383 1,604
Enterprise Value (EV) 1 2,698 1,911 2,260 2,997 1,743 2,418
P/E ratio -9.81 x 6.09 x 8.37 x 2.48 x -21.5 x 3.85 x
Yield - - 6.03% 7% - 5.69%
Capitalization / Revenue 0.13 x 0.16 x 0.22 x 0.3 x 0.25 x 0.2 x
EV / Revenue 0.43 x 0.35 x 0.45 x 0.38 x 0.31 x 0.3 x
EV / EBITDA 55.2 x 10 x 6.05 x 2.91 x 43 x 4.26 x
EV / FCF -2.97 x 2.25 x -15.4 x 8.17 x 3.37 x -4.53 x
FCF Yield -33.7% 44.5% -6.48% 12.2% 29.6% -22.1%
Price to Book 0.47 x 0.43 x 0.51 x 0.76 x 0.49 x 0.48 x
Nbr of stocks (in thousands) 480,096 480,096 480,096 480,096 480,096 480,096
Reference price 2 1.760 1.850 2.320 4.860 2.880 3.340
Announcement Date 27/02/19 26/02/20 25/02/21 25/02/22 23/02/23 22/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,316 5,429 4,978 7,802 5,566 7,931
EBITDA 1 48.9 190.2 373.8 1,028 40.53 567.9
EBIT 1 -50.19 84.76 277.1 941.9 -42.07 489.3
Operating Margin -0.79% 1.56% 5.57% 12.07% -0.76% 6.17%
Earnings before Tax (EBT) 1 -98.39 150.1 186.5 1,146 -53.19 519
Net income 1 -86.18 145.8 133.1 940.3 -64.2 417
Net margin -1.36% 2.69% 2.67% 12.05% -1.15% 5.26%
EPS 2 -0.1795 0.3036 0.2771 1.959 -0.1337 0.8686
Free Cash Flow 1 -908.1 850.2 -146.4 366.8 516.7 -533.5
FCF margin -14.38% 15.66% -2.94% 4.7% 9.28% -6.73%
FCF Conversion (EBITDA) - 447.02% - 35.67% 1,274.89% -
FCF Conversion (Net income) - 583.29% - 39% - -
Dividend per Share - - 0.1400 0.3400 - 0.1900
Announcement Date 27/02/19 26/02/20 25/02/21 25/02/22 23/02/23 22/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,853 1,023 1,147 663 360 814
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 37.89 x 5.377 x 3.068 x 0.6452 x 8.894 x 1.434 x
Free Cash Flow 1 -908 850 -146 367 517 -534
ROE (net income / shareholders' equity) -4.64% 6.98% 6.39% 36.1% -2.17% 13.5%
ROA (Net income/ Total Assets) -0.79% 1.41% 4.85% 14.7% -0.61% 6.43%
Assets 1 10,942 10,351 2,742 6,382 10,533 6,490
Book Value Per Share 2 3.710 4.290 4.570 6.410 5.930 6.940
Cash Flow per Share 2 0.1900 0.2200 0.4000 0.3300 0.7100 0.6300
Capex 1 130 57.5 57.6 127 274 308
Capex / Sales 2.06% 1.06% 1.16% 1.62% 4.93% 3.88%
Announcement Date 27/02/19 26/02/20 25/02/21 25/02/22 23/02/23 22/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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