Company Valuation: nForce Secure

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 3,159 1,479 1,346 1,274 1,284 1,305 -
Change - -53.17% -9.03% -5.34% 0.81% 1.6% -
Enterprise Value (EV) 3,159 1,479 1,346 1,274 1,284 1,305 1,305
Change - -53.17% -9.03% -5.34% 0.81% 1.6% 0%
P/E 45.2x 27.2x 14.7x 11x 10.6x 9.34x 8.3x
PBR 5.68x - - - 1.67x - -
PEG - -1.2x 0.2x 0.4x 2.4x 0.6x 0.7x
Capitalization / Revenue 3.84x 1.66x 1.26x 1.03x 0.99x 0.92x 0.84x
EV / Revenue 0x 0x 0x 0x 0x 0.92x 0.84x
EV / EBITDA 0x 0x 0x - 0x 6.76x 6.04x
EV / EBIT - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 0.18 0.3 0.3 0.9 1 1.09 1.22
Rate of return 0.59% 2.08% 2.29% 7.26% 8% 8.58% 9.61%
EPS 2 0.68 0.53 0.89 1.13 1.18 1.36 1.53
Distribution rate 26.5% 56.6% 33.7% 79.6% 84.7% 80.1% 79.7%
Net sales 1 823.4 893.9 1,066 1,238 1,303 1,425 1,560
EBITDA 1 86.04 82.66 133.3 - 162.7 193 216
EBIT 73.99 - - 133.8 148.3 - -
Net income 1 61.11 55.06 91.77 115.6 121.5 140 157
Net Debt - - - - - - -
Reference price 2 30.75 14.40 13.10 12.40 12.50 12.70 12.70
Nbr of stocks (in thousands) 102,741 102,741 102,741 102,741 102,741 102,741 -
Announcement Date 28/02/22 22/02/23 29/02/24 27/02/25 26/02/26 - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
260.38x24.63x75.7x-.--% 285B
1225x31.74x106.04x-.--% 194B
48.83x13.04x34.37x-.--% 111B
-78.64x11.74x308.08x-.--% 20.07B
16.89x4.37x8.75x1.8% 16.87B
16.84x3.72x9.13x-.--% 13.31B
-54.98x7.82x39.74x-.--% 10.5B
80.97x4.91x69.64x0.19% 7.54B
71.21x7.5x33.88x - 4.8B
Average 176.28x 12.17x 76.15x 0.25% 73.6B
Weighted average by Cap. 477.51x 22.83x 80.73x 0.05%

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