Financials Ditto (Thailand)

Equities

DITTO

THA283010009

IT Services & Consulting

End-of-day quote Thailand S.E. 23:00:00 09/05/2024 BST 5-day change 1st Jan Change
21.2 THB 0.00% Intraday chart for Ditto (Thailand) +1.92% -22.20%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 11,990 31,419 18,004 14,711 -
Enterprise Value (EV) 1 11,990 31,419 18,004 14,711 14,711
P/E ratio 56.8 x 130 x 52.7 x 29.9 x 24.4 x
Yield 0.04% - 0.73% 1.89% 2.36%
Capitalization / Revenue 11 x 25.4 x 9.91 x 5.74 x 4.22 x
EV / Revenue 11 x 25.4 x 9.91 x 5.74 x 4.22 x
EV / EBITDA 46 x 92.2 x 40.1 x 22.9 x 16.9 x
EV / FCF 109 x -200 x -43 x 36.3 x 25.8 x
FCF Yield 0.92% -0.5% -2.32% 2.75% 3.87%
Price to Book 11.6 x - - - -
Nbr of stocks (in thousands) 633,600 633,667 660,714 693,914 -
Reference price 2 18.92 49.58 27.25 21.20 21.20
Announcement Date 28/02/22 27/02/23 27/02/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 - 1,091 1,237 1,817 2,562 3,490
EBITDA 1 - 260.5 340.7 449.1 642 868
EBIT 1 - 203.9 291.7 399.9 586 812
Operating Margin - 18.7% 23.59% 22.01% 22.87% 23.27%
Earnings before Tax (EBT) 1 - 246.6 293.4 415.3 585 812
Net income 1 114.2 200.7 234.7 335.1 466 646
Net margin - 18.4% 18.98% 18.45% 18.19% 18.51%
EPS 2 0.2431 0.3333 0.3804 0.5170 0.7100 0.8700
Free Cash Flow 1 - 110 -157.4 -418.4 405 570
FCF margin - 10.08% -12.73% -23.03% 15.81% 16.33%
FCF Conversion (EBITDA) - 42.22% - - 63.08% 65.67%
FCF Conversion (Net income) - 54.8% - - 86.91% 88.24%
Dividend per Share 2 - 0.007720 - 0.2000 0.4000 0.5000
Announcement Date 05/05/21 28/02/22 27/02/23 27/02/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales 337 - 319.8 339.8 - 287.8 - - - - - -
EBITDA - - - - - - - - - - - -
EBIT - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income 1 49.03 71.86 58.61 63.02 70.54 42.58 80.83 92.56 96.58 65.12 101 110
Net margin 14.55% - 18.33% 18.54% - 14.8% - - - - - -
EPS - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - -
Announcement Date 15/11/21 28/02/22 13/05/22 15/08/22 14/11/22 27/02/23 14/05/23 11/08/23 13/11/23 27/02/24 - -
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - 110 -157 -418 405 570
ROE (net income / shareholders' equity) - 29.4% 20.4% 18% 18.1% 14.9%
ROA (Net income/ Total Assets) - 19% 15.6% 13.4% 22.3% 16.3%
Assets 1 - 1,058 1,501 2,497 2,090 3,963
Book Value Per Share - 1.630 - - - -
Cash Flow per Share - 0.2400 - - - -
Capex 1 - 35.5 515 565 50 50
Capex / Sales - 3.26% 41.66% 31.09% 1.95% 1.43%
Announcement Date 05/05/21 28/02/22 27/02/23 27/02/24 - -
1THB in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
21.2 THB
Average target price
30 THB
Spread / Average Target
+41.51%
Consensus

Quarterly revenue - Rate of surprise

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