Financials Kijcharoen Engineering Electric

Equities

KJL

THB057010001

Electrical Components & Equipment

End-of-day quote Thailand S.E. 23:00:00 27/06/2024 BST 5-day change 1st Jan Change
6.4 THB -2.29% Intraday chart for Kijcharoen Engineering Electric +3.23% -20.50%

Valuation

Fiscal Period: December 2022 2023 2024 2025
Capitalization 1 1,694 1,868 1,485 -
Enterprise Value (EV) 1 1,694 1,868 1,662 1,680
P/E ratio 10 x 12.2 x 8.53 x 7.8 x
Yield - 5.59% 7.81% 8.28%
Capitalization / Revenue 1.66 x 1.72 x 1.12 x 1.04 x
EV / Revenue 1.66 x 1.72 x 1.26 x 1.18 x
EV / EBITDA 7.67 x 7.55 x 5.77 x 5.44 x
EV / FCF 17.9 x -60.6 x 277 x 30 x
FCF Yield 5.57% -1.65% 0.36% 3.33%
Price to Book - 3.03 x 2.21 x 2 x
Nbr of stocks (in thousands) 232,000 231,998 231,998 -
Reference price 2 7.300 8.050 6.400 6.400
Announcement Date 24/02/23 23/02/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025
Net sales 1 839.8 1,021 1,083 1,324 1,421
EBITDA 1 - 220.8 247.3 288 309
EBIT 1 - 167.4 190.4 216 226
Operating Margin - 16.39% 17.59% 16.31% 15.9%
Earnings before Tax (EBT) 1 - 161.6 187.1 213 224
Net income 1 94.04 131.6 152.5 175 191
Net margin 11.2% 12.89% 14.08% 13.22% 13.44%
EPS 2 - 0.7300 0.6600 0.7500 0.8200
Free Cash Flow 1 - 94.38 -30.8 6 56
FCF margin - 9.24% -2.84% 0.45% 3.94%
FCF Conversion (EBITDA) - 42.75% - 2.08% 18.12%
FCF Conversion (Net income) - 71.7% - 3.43% 29.32%
Dividend per Share 2 - - 0.4500 0.5000 0.5300
Announcement Date 27/07/22 24/02/23 23/02/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q4 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales 1 265.6 287.5 281.1 274.5 284.5 297
EBITDA 1 55.74 60.33 73.19 53.47 53.94 61
EBIT 1 42.78 49.46 60.46 37.89 39.97 47
Operating Margin 16.11% 17.21% 21.51% 13.8% 14.05% 15.82%
Earnings before Tax (EBT) 1 41.04 48.67 59.74 37.49 38.41 47
Net income 1 33.4 39.61 48.5 30.69 34.62 42
Net margin 12.58% 13.78% 17.26% 11.18% 12.17% 14.14%
EPS 2 0.1600 0.1700 0.2100 0.1400 0.1500 0.1800
Dividend per Share - - - - - -
Announcement Date 24/02/23 10/08/23 10/11/23 23/02/24 08/05/24 -
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025
Net Debt 1 - - - 177 195
Net Cash position 1 - - - - -
Leverage (Debt/EBITDA) - - - 0.6146 x 0.6311 x
Free Cash Flow 1 - 94.4 -30.8 6 56
ROE (net income / shareholders' equity) - - 25.6% 27.1% 26.9%
ROA (Net income/ Total Assets) - - 14% 15.3% 14.5%
Assets 1 - - 1,092 1,144 1,317
Book Value Per Share 2 - - 2.660 2.900 3.200
Cash Flow per Share - - - - -
Capex 1 - 38.9 219 180 200
Capex / Sales - 3.81% 20.2% 13.6% 14.07%
Announcement Date 27/07/22 24/02/23 23/02/24 - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
6.4 THB
Average target price
10.9 THB
Spread / Average Target
+70.31%
Consensus
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