Financials Bangkok Commercial Property Fund

Equities

BKKCP

TH0751010008

Real Estate Development & Operations

End-of-day quote Thailand S.E. 23:00:00 24/06/2024 BST 5-day change 1st Jan Change
8.9 THB -1.11% Intraday chart for Bangkok Commercial Property Fund -1.11% -6.32%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,250 1,310 1,160 1,080 1,030 950
Enterprise Value (EV) 1 1,250 1,310 1,072 999.1 939.1 857.2
P/E ratio 7.1 x 13.3 x 17 x 11.8 x 14.9 x 17.1 x
Yield 6.4% 6.11% 6.38% 5.65% 6.31% 6.63%
Capitalization / Revenue 9.82 x 10 x 9.23 x 10.1 x 9.25 x 8.65 x
EV / Revenue 9.82 x 10 x 9.23 x 10.1 x 9.25 x 8.65 x
EV / EBITDA - - - - - -
EV / FCF 21.8 x 28.9 x 20.8 x 30 x 20.9 x 23.9 x
FCF Yield 4.6% 3.46% 4.8% 3.34% 4.79% 4.19%
Price to Book 0.93 x 0.96 x 0.85 x 0.78 x 0.74 x 0.69 x
Nbr of stocks (in thousands) 100,000 100,000 100,000 100,000 100,000 100,000
Reference price 2 12.50 13.10 11.60 10.80 10.30 9.500
Announcement Date 28/02/19 28/02/20 25/02/21 24/02/22 24/02/23 22/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 127.3 130.9 125.7 106.9 111.4 109.9
EBITDA - - - - - -
EBIT 1 86.04 84.44 80.51 64.59 67.15 65.66
Operating Margin 67.59% 64.51% 64.07% 60.4% 60.28% 59.77%
Earnings before Tax (EBT) 1 176.1 98.45 68.32 91.57 69.25 55.66
Net income 1 176.1 98.45 68.32 91.57 69.25 55.66
Net margin 138.36% 75.21% 54.37% 85.64% 62.16% 50.66%
EPS 2 1.761 0.9845 0.6832 0.9157 0.6925 0.5566
Free Cash Flow 1 57.46 45.33 55.7 36.02 49.33 39.78
FCF margin 45.13% 34.63% 44.32% 33.69% 44.28% 36.21%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) 32.62% 46.04% 81.53% 39.33% 71.24% 71.47%
Dividend per Share 2 0.8000 0.8000 0.7400 0.6100 0.6500 0.6300
Announcement Date 28/02/19 28/02/20 25/02/21 24/02/22 24/02/23 22/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt - - - - - -
Net Cash position - - 87.9 80.9 90.9 92.8
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 57.5 45.3 55.7 36 49.3 39.8
ROE (net income / shareholders' equity) 13.6% 7.26% 5.01% 6.67% 4.99% 4.01%
ROA (Net income/ Total Assets) 4.01% 3.78% 3.6% 2.87% 2.95% 2.89%
Assets 1 4,389 2,606 1,899 3,188 2,345 1,927
Book Value Per Share 2 13.50 13.70 13.60 13.80 13.90 13.80
Cash Flow per Share - - - - - -
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 28/02/19 28/02/20 25/02/21 24/02/22 24/02/23 22/02/24
1THB in Million2THB
Estimates
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