Company Valuation: KCE Electronics

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 103,980 54,961 65,015 28,961 21,514 79,200 - -
Change - -47.14% 18.29% -55.45% -25.71% 268.13% - -
Enterprise Value (EV) 1 105,683 57,642 65,475 28,511 20,981 78,878 78,633 79,011
Change - -45.46% 13.59% -56.45% -26.41% 275.95% -0.31% 0.48%
P/E 42.9x 23.7x 37.9x 17.6x 26x 56.1x 38.6x 36.2x
PBR 7.75x 4.1x 4.75x 2.11x 1.64x 5.97x 5.71x 5.4x
PEG - -5.4x -1.5x -4.25x -0.5x 0.8x 0.9x 5.41x
Capitalization / Revenue 6.96x 2.98x 3.98x 1.95x 1.65x 5.35x 4.66x 4.41x
EV / Revenue 7.07x 3.12x 4.01x 1.92x 1.6x 5.33x 4.62x 4.39x
EV / EBITDA 28.3x 17.3x 24x 11.3x 11.5x 29x 22.5x 21.9x
EV / EBIT 39x 26x 40.2x 19.6x 28.9x 51.4x 35x 33.4x
EV / FCF 10,304x 56.8x 17.4x 11.4x 13.2x 48x 45.7x 30x
FCF Yield 0.01% 1.76% 5.76% 8.8% 7.56% 2.08% 2.19% 3.33%
Dividend per Share 2 1 1.6 1.2 1.3 1.2 1.19 1.375 1.371
Rate of return 1.14% 3.44% 2.18% 5.31% 6.59% 1.78% 2.05% 2.05%
EPS 2 2.05 1.96 1.45 1.39 0.7 1.195 1.734 1.85
Distribution rate 48.8% 81.6% 82.8% 93.5% 171% 99.6% 79.3% 74.1%
Net sales 1 14,938 18,456 16,344 14,833 13,075 14,807 17,006 17,979
EBITDA 1 3,733 3,328 2,724 2,522 1,824 2,718 3,488 3,610
EBIT 1 2,709 2,214 1,629 1,455 725 1,534 2,248 2,367
Net income 1 2,426 2,317 1,720 1,648 832.7 1,422 2,052 2,186
Net Debt 1 1,703 2,680 460.4 -449.9 -533 -322 -566.5 -188.5
Reference price 2 88.00 46.50 55.00 24.50 18.20 67.00 67.00 67.00
Nbr of stocks (in thousands) 1,181,590 1,181,966 1,182,089 1,182,089 1,182,089 1,182,089 - -
Announcement Date 08/02/22 07/02/23 13/02/24 24/02/25 10/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
56.07x5.33x29.02x1.78% 2.39B
22.96x13.04x19.77x0.33% 5,527B
22.87x11.23x15.22x1.1% 2,014B
39.54x16.66x24.47x0.71% 1,740B
15.03x9.2x11.08x0.05% 1,238B
109.12x19.77x75.13x-.--% 1,018B
5.21x3.36x4.07x0.2% 988B
-53.66x10.68x29.72x-.--% 651B
264.29x58.12x118.39x-.--% 356B
Average 53.49x 16.38x 36.32x 0.46% 1,504B
Weighted average by Cap. 32.21x 13.76x 24.99x 0.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. KCE Stock
  4. Valuation KCE Electronics
-40%: Exceptional extension
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