Company Valuation: Jay Mart

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 18,429 79,477 59,386 25,083 19,324 10,101
Change - 331.27% -25.28% -57.76% -22.96% -47.73%
Enterprise Value (EV) 1 32,876 82,253 72,191 46,039 38,592 28,371
Change - 150.2% -12.23% -36.23% -16.18% -26.49%
P/E 23.4x 25.8x 33.3x -56.2x 16.9x -62.4x
PBR 4.93x 4.6x 3.07x 1.35x 1x 0.56x
PEG - 0x -0.7x 0x -0x 1x
Capitalization / Revenue 1.79x 7.4x 4.66x 1.96x 1.47x 0.68x
EV / Revenue 3.19x 7.66x 5.67x 3.59x 2.93x 1.91x
EV / EBITDA 14.2x 31.3x 24x 16.4x 17.5x 17.1x
EV / EBIT 15.8x 33.8x 26x 18.6x 20.4x 20.8x
EV / FCF 22.6x 25.8x -78.2x 11.6x 143x -120x
FCF Yield 4.42% 3.87% -1.28% 8.59% 0.7% -0.83%
Dividend per Share 2 0.69 1.61 1.11 - 0.47 0.27
Rate of return 3.45% 2.8% 2.72% - 3.56% 3.91%
EPS 2 0.854 2.233 1.224 -0.3076 0.782 -0.1105
Distribution rate 80.8% 72.1% 90.7% - 60.1% -244%
Net sales 1 10,301 10,741 12,737 12,829 13,185 14,835
EBITDA 1 2,320 2,631 3,004 2,802 2,203 1,662
EBIT 1 2,080 2,431 2,776 2,472 1,893 1,366
Net income 1 797.9 2,468 1,795 -447 1,141 -161.8
Net Debt 1 14,447 2,776 12,805 20,956 19,268 18,269
Reference price 2 20.00 57.50 40.75 17.30 13.20 6.90
Nbr of stocks (in thousands) 921,434 1,382,214 1,457,320 1,449,886 1,463,972 1,463,972
Announcement Date 25/02/21 24/02/22 14/02/23 12/02/24 11/02/25 13/02/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 482M
12.28x0.38x5.99x4.86% 16.87B
18.9x0.87x9.6x4.16% 6.51B
11.17x0.52x8.05x1.68% 3.99B
12.18x0.24x4.21x2.05% 2.23B
6.88x0.13x2.64x2.5% 2.2B
14.64x0.3x6.71x2.61% 1.82B
10.49x0.9x8.32x7.61% 1.34B
16.49x0.11x1.66x3.2% 1.17B
Average 12.88x 0.43x 5.89x 3.59% 4.07B
Weighted average by Cap. 13.21x 0.47x 6.53x 4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA