Company Valuation: Nok Airlines

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 6,106 135.5 2,786 64.46 1,282 704
Change - -97.78% 1,955.86% -97.69% 1,889.01% -45.09%
Enterprise Value (EV) 1 8,449 12,603 12,986 11,504 11,953 12,408
Change - 49.16% 3.04% -11.42% 3.91% 3.8%
P/E -2.88x -0.02x -1.94x -0.02x 26.9x 11.3x
PBR -5.57x -0.02x -0.33x -0.01x -0.12x -0.06x
PEG - -0x 0x -0x -0x 0.4x
Capitalization / Revenue 0.31x 0.02x 1.26x 0.01x 0.15x 0.1x
EV / Revenue 0.43x 1.91x 5.86x 1.54x 1.39x 1.69x
EV / EBITDA -2.69x -2.45x -3.12x -7.59x 21x -9.78x
EV / EBIT -2.61x -2.42x -3.09x -7.52x 21.5x -9.66x
EV / FCF -3.15x -38.3x -3.97x -17.8x 11.9x 42.8x
FCF Yield -31.7% -2.61% -25.2% -5.61% 8.41% 2.34%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.6815 -2.192 -0.3849 -0.7017 0.0128 0.0167
Distribution rate - - - - - -
Net sales 1 19,693 6,597 2,216 7,451 8,614 7,327
EBITDA 1 -3,138 -5,148 -4,164 -1,516 568.3 -1,268
EBIT 1 -3,233 -5,218 -4,203 -1,529 554.9 -1,284
Net income 1 -2,051 -7,991 -1,436 -2,617 47.66 62.31
Net Debt 1 2,343 12,467 10,200 11,439 10,671 11,704
Reference price 2 1.9642 0.0363 0.7471 0.0173 0.3438 0.1888
Nbr of stocks (in thousands) 3,108,516 3,729,187 3,729,187 3,729,187 3,729,187 3,729,187
Announcement Date 27/02/20 01/09/21 12/10/22 02/10/23 04/06/24 11/06/25
1THB in Million2THB
Estimates

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA