Financials Porn Prom Metal

Equities

PPM

TH0806010Z00

Iron & Steel

End-of-day quote Thailand S.E. 23:00:00 25/06/2024 BST 5-day change 1st Jan Change
2.08 THB -0.95% Intraday chart for Porn Prom Metal +4.52% +1.96%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 468.4 396.7 320.7 1,342 903.1 860.9
Enterprise Value (EV) 1 1,149 938.3 786.5 2,084 1,783 1,577
P/E ratio 20.7 x 40 x -38.3 x 15.5 x 121 x 5.19 x
Yield 2.97% 1.91% 1.97% 1.04% 1.17% 2.84%
Capitalization / Revenue 0.27 x 0.24 x 0.21 x 0.65 x 0.46 x 0.35 x
EV / Revenue 0.67 x 0.56 x 0.53 x 1 x 0.9 x 0.65 x
EV / EBITDA 15.4 x 13.2 x 19.9 x 9.59 x 15.7 x 5.75 x
EV / FCF -5.89 x 6.15 x 6.36 x -12.1 x -21.1 x 5.21 x
FCF Yield -17% 16.3% 15.7% -8.28% -4.75% 19.2%
Price to Book 0.54 x 0.46 x 0.38 x 1.42 x 0.96 x 0.79 x
Nbr of stocks (in thousands) 422,000 422,000 422,000 422,000 422,000 422,000
Reference price 2 1.110 0.9400 0.7600 3.180 2.140 2.040
Announcement Date 27/02/19 28/02/20 01/03/21 28/02/22 27/02/23 29/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,707 1,667 1,496 2,078 1,972 2,437
EBITDA 1 74.62 71.22 39.5 217.2 113.4 274.4
EBIT 1 21.67 13.31 -18.89 159.5 59.79 222.7
Operating Margin 1.27% 0.8% -1.26% 7.68% 3.03% 9.14%
Earnings before Tax (EBT) 1 17.17 8.205 -21.28 126.5 11.07 203.8
Net income 1 22.63 9.911 -8.372 86.84 7.441 165.8
Net margin 1.33% 0.59% -0.56% 4.18% 0.38% 6.8%
EPS 2 0.0536 0.0235 -0.0198 0.2058 0.0176 0.3930
Free Cash Flow 1 -195 152.7 123.6 -172.6 -84.72 302.7
FCF margin -11.42% 9.16% 8.26% -8.31% -4.3% 12.42%
FCF Conversion (EBITDA) - 214.39% 312.84% - - 110.31%
FCF Conversion (Net income) - 1,540.53% - - - 182.5%
Dividend per Share 2 0.0330 0.0180 0.0150 0.0330 0.0250 0.0580
Announcement Date 27/02/19 28/02/20 01/03/21 28/02/22 27/02/23 29/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 680 542 466 742 880 716
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 9.116 x 7.605 x 11.79 x 3.415 x 7.764 x 2.611 x
Free Cash Flow 1 -195 153 124 -173 -84.7 303
ROE (net income / shareholders' equity) 0.88% 0.51% -2.88% 13.1% 0.79% 16.3%
ROA (Net income/ Total Assets) 0.81% 0.49% -0.77% 5.98% 1.94% 6.79%
Assets 1 2,797 2,005 1,088 1,452 383.9 2,441
Book Value Per Share 2 2.050 2.040 2.010 2.240 2.220 2.590
Cash Flow per Share 2 0.0900 0.1000 0.1600 0.1100 0.1100 0.2100
Capex 1 37.1 38.8 46.1 50.3 39.5 30.6
Capex / Sales 2.17% 2.33% 3.08% 2.42% 2% 1.25%
Announcement Date 27/02/19 28/02/20 01/03/21 28/02/22 27/02/23 29/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Chiffre d''affaires - Rate of surprise

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