Financials Prime Office Leasehold Property Fund

Equities

POPF

TH1060010002

Real Estate Development & Operations

End-of-day quote Thailand S.E. 23:00:00 16/05/2024 BST 5-day change 1st Jan Change
6.05 THB -4.72% Intraday chart for Prime Office Leasehold Property Fund -5.47% +2.54%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,358 6,261 5,105 5,635 5,539 2,842
Enterprise Value (EV) 1 6,477 6,531 4,878 5,383 5,174 2,346
P/E ratio 12.1 x 12.8 x 8.88 x 15.4 x 13.3 x 12.6 x
Yield 7.59% 7.74% 10.2% 8.64% 9.03% 18.2%
Capitalization / Revenue 6.48 x 6.14 x 5.19 x 6.21 x 5.84 x 3 x
EV / Revenue 6.6 x 6.4 x 4.96 x 5.93 x 5.45 x 2.48 x
EV / EBITDA - - - - - -
EV / FCF 23.6 x 15.7 x 14.1 x 14.1 x 13.9 x 5.6 x
FCF Yield 4.23% 6.35% 7.07% 7.1% 7.19% 17.8%
Price to Book 1.18 x 1.16 x 0.93 x 1.05 x 1.05 x 0.57 x
Nbr of stocks (in thousands) 481,639 481,639 481,639 481,639 481,639 481,639
Reference price 2 13.20 13.00 10.60 11.70 11.50 5.900
Announcement Date 26/02/19 28/02/20 01/03/21 25/02/22 20/02/23 19/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 981.8 1,020 984.2 907.8 949 946.7
EBITDA - - - - - -
EBIT 1 622.8 647 663.9 638.9 666.7 638.8
Operating Margin 63.43% 63.45% 67.46% 70.38% 70.25% 67.48%
Earnings before Tax (EBT) 1 526.7 490 574.7 365.6 417.6 224.9
Net income 1 526.7 490 574.7 365.6 417.6 224.9
Net margin 53.64% 48.05% 58.39% 40.27% 44.01% 23.75%
EPS 2 1.094 1.017 1.193 0.7591 0.8670 0.4669
Free Cash Flow 1 273.9 414.8 345 382.1 372.2 418.6
FCF margin 27.9% 40.68% 35.06% 42.09% 39.22% 44.21%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) 52% 84.65% 60.04% 104.51% 89.13% 186.13%
Dividend per Share 2 1.002 1.006 1.077 1.011 1.038 1.075
Announcement Date 26/02/19 28/02/20 01/03/21 25/02/22 20/02/23 19/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 120 269 - - - -
Net Cash position 1 - - 228 252 364 496
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 274 415 345 382 372 419
ROE (net income / shareholders' equity) 9.81% 9.06% 10.6% 6.75% 7.87% 4.39%
ROA (Net income/ Total Assets) 6.27% 6.5% 6.63% 6.44% 6.92% 6.94%
Assets 1 8,397 7,535 8,663 5,678 6,034 3,239
Book Value Per Share 2 11.20 11.20 11.40 11.10 10.90 10.30
Cash Flow per Share 2 0.5500 0.1800 1.530 0.6700 0.4800 0.5000
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 26/02/19 28/02/20 01/03/21 25/02/22 20/02/23 19/02/24
1THB in Million2THB
Estimates
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