Financials Bangkok Land Public Company Limited

Equities

BLAND

TH0285A10Z09

End-of-day quote Thailand S.E.
- THB - Intraday chart for Bangkok Land Public Company Limited

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024
Capitalization 1 27,278 14,239 20,476 17,700 17,006 12,147
Enterprise Value (EV) 1 25,537 12,111 18,525 16,330 16,834 12,357
P/E ratio 16.1 x 11.7 x -25.6 x 31 x 26 x 12.7 x
Yield 5.73% 7.32% 2.54% 2.94% - 1.43%
Capitalization / Revenue 3.99 x 1.95 x 6.57 x 8.89 x 4.51 x 3.08 x
EV / Revenue 3.74 x 1.66 x 5.94 x 8.2 x 4.46 x 3.14 x
EV / EBITDA 15.5 x 7.52 x 43.2 x 69.4 x 13 x 10.5 x
EV / FCF 13.5 x 3.35 x 9.27 x 86.5 x 51.6 x 19.1 x
FCF Yield 7.39% 29.8% 10.8% 1.16% 1.94% 5.25%
Price to Book 0.58 x 0.31 x 0.46 x 0.4 x 0.38 x 0.25 x
Nbr of stocks (in thousands) 17,374,401 17,364,225 17,352,625 17,352,625 17,352,625 17,352,625
Reference price 2 1.570 0.8200 1.180 1.020 0.9800 0.7000
Announcement Date 30/05/19 01/06/20 28/05/21 30/05/22 30/05/23 30/05/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net sales 1 6,829 7,311 3,117 1,990 3,771 3,941
EBITDA 1 1,649 1,610 429 235.4 1,298 1,173
EBIT 1 1,341 973.5 -224.3 -395.1 710.4 525.9
Operating Margin 19.64% 13.32% -7.2% -19.85% 18.84% 13.34%
Earnings before Tax (EBT) 1 3,177 2,673 -250.3 1,242 1,770 1,762
Net income 1 1,816 1,217 -801.3 571.5 654.1 957.6
Net margin 26.59% 16.64% -25.71% 28.71% 17.35% 24.3%
EPS 2 0.0976 0.0700 -0.0461 0.0329 0.0377 0.0552
Free Cash Flow 1 1,887 3,613 1,998 188.8 326 648.4
FCF margin 27.64% 49.43% 64.11% 9.49% 8.65% 16.45%
FCF Conversion (EBITDA) 114.43% 224.46% 465.7% 80.21% 25.11% 55.3%
FCF Conversion (Net income) 103.94% 297.01% - 33.04% 49.84% 67.72%
Dividend per Share 2 0.0900 0.0600 0.0300 0.0300 - 0.0100
Announcement Date 30/05/19 01/06/20 28/05/21 30/05/22 30/05/23 30/05/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: März 2019 2020 2021 2022 2023 2024
Net Debt 1 - - - - - 210
Net Cash position 1 1,741 2,127 1,951 1,370 171 -
Leverage (Debt/EBITDA) - - - - - 0.1793 x
Free Cash Flow 1 1,887 3,613 1,998 189 326 648
ROE (net income / shareholders' equity) 4.44% 3.37% -1.08% 1.24% 2.14% 2.53%
ROA (Net income/ Total Assets) 1.29% 0.95% -0.22% -0.39% 0.69% 0.49%
Assets 1 140,685 127,432 360,473 -146,247 94,502 193,837
Book Value Per Share 2 2.690 2.640 2.570 2.570 2.610 2.780
Cash Flow per Share 2 0.2500 0.2100 0.2500 0.2400 0.0900 0.1100
Capex 1 771 224 109 158 367 221
Capex / Sales 11.29% 3.06% 3.49% 7.93% 9.72% 5.61%
Announcement Date 30/05/19 01/06/20 28/05/21 30/05/22 30/05/23 30/05/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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