Company Valuation: Green Resources

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 834.4 1,243 957.1 572.6 850.7 507.2
Change - 49.02% -23.03% -40.17% 48.57% -40.38%
Enterprise Value (EV) 1 1,097 1,402 1,073 778 876.1 517.7
Change - 27.76% -23.45% -27.51% 12.61% -40.9%
P/E 122x 26.4x -149x -18.6x 137x -12.3x
PBR 1.1x 1.55x 1.2x 0.75x 1.1x 0.69x
PEG - 0x 1x -0x -1x 0x
Capitalization / Revenue 6.06x 10.3x 7.93x 4.49x 8.02x 4.61x
EV / Revenue 7.96x 11.6x 8.89x 6.1x 8.26x 4.71x
EV / EBITDA 21.3x 21.2x 19.8x 38.5x 20.6x 13.5x
EV / EBIT 63.2x 43.1x 50.5x -49.6x 82.3x 82.7x
EV / FCF 43.1x 20.3x 16.3x 12.6x 16.3x 12.4x
FCF Yield 2.32% 4.93% 6.15% 7.96% 6.14% 8.05%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.00835 0.0576 -0.007871 -0.0376 0.007603 -0.0504
Distribution rate - - - - - -
Net sales 1 137.8 121.3 120.7 127.5 106.1 110
EBITDA 1 51.44 66.28 54.11 20.19 42.54 38.35
EBIT 1 17.37 32.5 21.24 -15.69 10.64 6.261
Net income 1 6.831 47.1 -6.439 -30.72 6.22 -41.25
Net Debt 1 263 158.6 116.2 205.4 25.32 10.55
Reference price 2 1.0200 1.5200 1.1700 0.7000 1.0400 0.6200
Nbr of stocks (in thousands) 818,025 818,025 818,025 818,025 818,025 818,025
Announcement Date 24/02/21 24/02/22 23/02/23 22/02/24 21/02/25 24/02/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.21x4.85x13.04x3.33% 43.29B
8.93x1.53x7.97x3.98% 30.87B
18.2x4.02x16.43x1.35% 27.75B
5.49x0.67x1.41x9.07% 26.52B
13.47x3.03x14.62x2.62% 24.47B
8.1x0.9x3.27x2.76% 20.71B
10.81x2.09x9.77x4.11% 20.48B
13.47x6.56x17.53x1.58% 19.48B
10.27x1.65x14.3x3.67% 18.72B
Average 11.55x 2.81x 10.93x 3.61% 25.81B
Weighted average by Cap. 11.87x 2.93x 10.93x 3.66%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA