Financials Multibax

Equities

MBAX

TH0938010004

Non-Paper Containers & Packaging

End-of-day quote Thailand S.E. 23:00:00 15/07/2024 BST 5-day change 1st Jan Change
2.92 THB -0.68% Intraday chart for Multibax -0.68% -8.75%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 759.9 594.9 1,334 988.3 988.3 634.6
Enterprise Value (EV) 1 1,153 1,010 1,789 1,568 1,575 1,237
P/E ratio 9.17 x 11.7 x 7.57 x 15.8 x 9.2 x -16.4 x
Yield 9.34% 8.06% 12.7% 5.83% 9.71% -
Capitalization / Revenue 0.49 x 0.41 x 0.71 x 0.68 x 0.5 x 0.57 x
EV / Revenue 0.74 x 0.7 x 0.95 x 1.07 x 0.8 x 1.11 x
EV / EBITDA 8.31 x 9.29 x 6.54 x 11.6 x 6.28 x 39.1 x
EV / FCF 38.2 x 43.8 x 21 x -30 x 66.4 x 14.1 x
FCF Yield 2.62% 2.29% 4.76% -3.34% 1.51% 7.08%
Price to Book 1.45 x 1.18 x 2.24 x 1.8 x 1.67 x 1.27 x
Nbr of stocks (in thousands) 191,895 191,895 191,895 191,895 191,895 198,302
Reference price 2 3.960 3.100 6.950 5.150 5.150 3.200
Announcement Date 22/02/19 26/02/20 17/02/21 17/02/22 15/02/23 13/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,561 1,438 1,883 1,460 1,972 1,119
EBITDA 1 138.8 108.7 273.7 135.1 250.8 31.68
EBIT 1 72.28 50.01 205.7 65.22 180.9 -35.68
Operating Margin 4.63% 3.48% 10.92% 4.47% 9.18% -3.19%
Earnings before Tax (EBT) 1 73.86 56.85 205.9 73.24 145.1 -39.04
Net income 1 82.85 50.98 176.1 62.41 122.6 -38.16
Net margin 5.31% 3.54% 9.35% 4.28% 6.22% -3.41%
EPS 2 0.4318 0.2656 0.9175 0.3252 0.5600 -0.1952
Free Cash Flow 1 30.21 23.09 85.16 -52.31 23.74 87.64
FCF margin 1.94% 1.61% 4.52% -3.58% 1.2% 7.83%
FCF Conversion (EBITDA) 21.77% 21.24% 31.12% - 9.47% 276.67%
FCF Conversion (Net income) 36.46% 45.3% 48.37% - 19.36% -
Dividend per Share 2 0.3700 0.2500 0.8800 0.3000 0.5000 -
Announcement Date 22/02/19 26/02/20 17/02/21 17/02/22 15/02/23 13/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 393 416 456 579 587 603
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.831 x 3.822 x 1.665 x 4.289 x 2.341 x 19.03 x
Free Cash Flow 1 30.2 23.1 85.2 -52.3 23.7 87.6
ROE (net income / shareholders' equity) 16.1% 9.89% 32% 10.9% 21.5% -7.01%
ROA (Net income/ Total Assets) 4.05% 2.7% 9.79% 2.8% 7.53% -1.53%
Assets 1 2,048 1,890 1,797 2,231 1,627 2,502
Book Value Per Share 2 2.740 2.630 3.100 2.870 3.080 2.510
Cash Flow per Share 2 0.0900 0.1700 0.3600 0.3200 0.3700 0.3000
Capex 1 158 75.4 91.2 30.7 41.9 79.3
Capex / Sales 10.09% 5.25% 4.84% 2.1% 2.13% 7.09%
Announcement Date 22/02/19 26/02/20 17/02/21 17/02/22 15/02/23 13/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA