Projected Income Statement: Internet Thailand

Forecast Balance Sheet: Internet Thailand

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt - - 5,490 5,535 5,853 - - -
Change - - - 0.82% 5.75% - - -
Announcement Date 24/02/22 24/02/23 28/02/24 27/02/25 02/03/26 - - -
Estimates

Cash Flow Forecast: Internet Thailand

Fiscal Period: December 2020 2021 2022 2023 2024 2025
CAPEX 1 446.1 1,026 2,237 1,685 2,103 2,855
Change - 129.94% 118.07% -24.67% 24.81% 35.75%
Free Cash Flow (FCF) 1 -164.5 -29.09 -2,088 -1,269 -2,073 -1,893
Change - 82.32% -7,077.19% 39.22% -63.36% 8.68%
Announcement Date 01/03/21 24/02/22 24/02/23 28/02/24 27/02/25 02/03/26
1THB in Million
Estimates

Forecast Financial Ratios: Internet Thailand

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) - 49.48% 50.41% 54.02% 56.54% 52.05% 50.03% 50.66%
EBIT Margin (%) - 36.06% 36.9% 42.88% 38.61% - - -
EBT Margin (%) - 7.09% 8.44% 12.81% 5.61% - - -
Net margin (%) - 9.84% 11.23% 15.21% 7.69% 9.54% 11.07% 13.46%
FCF margin (%) - - -63.96% -78.13% -31.33% - - -
FCF / Net Income (%) - - -569.78% -513.7% -407.71% - - -

Profitability

        
ROA - - 1.95% 2.65% 1.36% - - -
ROE - - 9.46% 12.77% 6.99% 9.2% 11% 11%

Financial Health

        
Leverage (Debt/EBITDA) - - 5.21x 4.05x 3.29x - - -
Debt / Free cash flow - - -4.11x -2.8x -5.94x - - -

Capital Intensity

        
CAPEX / Current Assets (%) - - 80.64% - - - - -
CAPEX / EBITDA (%) - - 159.97% - - - - -
CAPEX / FCF (%) - - -126.08% - - - - -

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 - - 0.116 0.119 0.126 0.17 0.21 0.28
Change - - - 2.59% 5.88% 34.92% 23.53% 33.33%
Book Value Per Share 1 - - 5.22 5.719 6 - - -
Change - - - 9.56% 4.91% - - -
EPS 1 0.33 0.4 0.4688 0.75 0.4 0.56 0.72 0.94
Change - 21.21% 17.2% 59.99% -46.67% 40% 28.57% 30.56%
Nbr of stocks (in thousands) 500,042 500,042 500,967 596,740 596,740 596,740 596,740 596,740
Announcement Date 24/02/22 24/02/23 28/02/24 27/02/25 02/03/26 - - -
1THB
Estimates
2026 *2027 *
P/E 7.79x 6.06x
PBR - -
EV / Sales 0.74x 0.67x
Yield 3.9% 4.82%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
4.360THB
Average target price
5.850THB
Spread / Average Target
+34.17%

Annual profits - Rate of surprise

  1. Stock Market
  2. Stocks
  3. INET Stock
  4. IE2A Stock
  5. Financials Internet Thailand