EASTERN COMMERCIAL LEASING |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.4 THB | -1.41% |
|
0.00% | -0.71% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,708 | 1,286 | 1,264 | 3,216 | 2,262 | 1,563 |
| Enterprise Value (EV) 1 | 6,182 | 6,675 | 5,331 | 6,081 | 4,690 | 4,507 |
| P/E ratio | 11.7 x | 9.89 x | 20.5 x | 16.6 x | 13.1 x | 14.4 x |
| Yield | - | - | 8.77% | 2.76% | 4.9% | 3.55% |
| Capitalization / Revenue | 3.73 x | 2.36 x | 2.45 x | 5.63 x | 4.74 x | 3.57 x |
| EV / Revenue | 13.5 x | 12.2 x | 10.3 x | 10.6 x | 9.84 x | 10.3 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - |
| Price to Book | 0.97 x | 0.68 x | 0.72 x | 1.76 x | 1.21 x | 0.83 x |
| Nbr of stocks (in thousands) | 1,108,857 | 1,108,857 | 1,108,857 | 1,108,859 | 1,108,859 | 1,108,859 |
| Reference price 2 | 1.540 | 1.160 | 1.140 | 2.900 | 2.040 | 1.410 |
| Announcement Date | 27/02/19 | 26/02/20 | 28/02/21 | 24/02/22 | 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 | 458.2 | 545 | 515.5 | 571.7 | 476.8 | 438.3 |
| EBITDA | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 175.8 | 160.1 | 76.7 | 243.9 | 228.9 | 134.3 |
| Net income 1 | 142.3 | 130.1 | 61.68 | 194 | 184.6 | 108.2 |
| Net margin | 31.05% | 23.87% | 11.96% | 33.94% | 38.71% | 24.69% |
| EPS 2 | 0.1315 | 0.1173 | 0.0556 | 0.1750 | 0.1556 | 0.0976 |
| Free Cash Flow | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | 0.1000 | 0.0800 | 0.1000 | 0.0500 |
| Announcement Date | 27/02/19 | 26/02/20 | 28/02/21 | 24/02/22 | 23/02/23 | 22/02/24 |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 |
|---|---|---|---|---|
| Net sales | - | - | - | - |
| EBITDA | - | - | - | - |
| EBIT | - | - | - | - |
| Operating Margin | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income 1 | 32.25 | 72.5 | 50.6 | 52.98 |
| Net margin | - | - | - | - |
| EPS | 0.0291 | - | 0.0500 | - |
| Dividend per Share | - | - | - | - |
| Announcement Date | 11/11/21 | 24/02/22 | 15/04/22 | 11/08/22 |
1THB in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 4,475 | 5,389 | 4,066 | 2,865 | 2,428 | 2,943 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 9.07% | 7.14% | 3.39% | 10.8% | 9.96% | 5.75% |
| ROA (Net income/ Total Assets) | 2.72% | 1.88% | 0.92% | 3.59% | 3.97% | 2.3% |
| Assets 1 | 5,235 | 6,912 | 6,693 | 5,408 | 4,646 | 4,712 |
| Book Value Per Share 2 | 1.590 | 1.700 | 1.580 | 1.650 | 1.690 | 1.710 |
| Cash Flow per Share 2 | 0.0200 | 0.0200 | 0.0500 | 0.0500 | 0.0300 | 0.0300 |
| Capex 1 | 16.3 | 29.1 | 3.88 | 4.68 | 2.94 | 2.95 |
| Capex / Sales | 3.56% | 5.34% | 0.75% | 0.82% | 0.62% | 0.67% |
| Announcement Date | 27/02/19 | 26/02/20 | 28/02/21 | 24/02/22 | 23/02/23 | 22/02/24 |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -0.71% | 42.81M | |
| -8.78% | 48.91B | |
| -6.71% | 30.13B | |
| +48.27% | 26.29B | |
| +19.74% | 18.51B | |
| +0.68% | 12.3B | |
| +14.30% | 10.63B | |
| +12.66% | 7.69B | |
| -30.25% | 7.46B | |
| +3.05% | 6.14B |
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- Financials Eastern Commercial Leasing
