Financials S.Kijchai Enterprise

Equities

SKN

TH8177010007

Forest & Wood Products

End-of-day quote Thailand S.E. 23:00:00 02/05/2024 BST 5-day change 1st Jan Change
4.98 THB 0.00% Intraday chart for S.Kijchai Enterprise +10.18% +16.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,944 1,712 1,632 5,200 3,888 3,424
Enterprise Value (EV) 1 3,441 2,227 2,249 4,904 2,868 2,435
P/E ratio 14.2 x 28.3 x 10 x 6.7 x 5.7 x 8.06 x
Yield 2.67% 1.43% 8.27% 4.31% 7.41% 4.91%
Capitalization / Revenue 1.91 x 0.73 x 0.66 x 1.24 x 0.93 x 1.05 x
EV / Revenue 2.23 x 0.95 x 0.91 x 1.17 x 0.69 x 0.75 x
EV / EBITDA 12.8 x 8.87 x 5.63 x 4.45 x 3.03 x 3.61 x
EV / FCF -2.76 x 32.6 x 94.4 x 9.44 x 4.15 x 19.5 x
FCF Yield -36.2% 3.06% 1.06% 10.6% 24.1% 5.13%
Price to Book 1.23 x 0.72 x 0.68 x 1.64 x 1.07 x 0.91 x
Nbr of stocks (in thousands) 800,000 800,000 800,000 800,000 800,000 800,000
Reference price 2 3.680 2.140 2.040 6.500 4.860 4.280
Announcement Date 27/02/19 26/02/20 25/02/21 23/02/22 27/02/23 27/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,540 2,335 2,467 4,180 4,175 3,269
EBITDA 1 269.4 251.3 399.5 1,103 945.9 673.9
EBIT 1 137.2 52.16 199.3 901.9 742.6 474
Operating Margin 8.91% 2.23% 8.08% 21.57% 17.79% 14.5%
Earnings before Tax (EBT) 1 163.1 67.59 184.4 890.1 738.7 470.4
Net income 1 206.8 60.39 163.1 776.7 682.4 424.8
Net margin 13.43% 2.59% 6.61% 18.58% 16.34% 12.99%
EPS 2 0.2585 0.0755 0.2039 0.9709 0.8530 0.5309
Free Cash Flow 1 -1,247 68.27 23.83 519.2 690.5 124.9
FCF margin -80.95% 2.92% 0.97% 12.42% 16.54% 3.82%
FCF Conversion (EBITDA) - 27.17% 5.96% 47.09% 72.99% 18.54%
FCF Conversion (Net income) - 113.04% 14.61% 66.85% 101.18% 29.41%
Dividend per Share 2 0.0982 0.0306 0.1687 0.2800 0.3600 0.2100
Announcement Date 27/02/19 26/02/20 25/02/21 23/02/22 27/02/23 27/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 497 515 617 - - -
Net Cash position 1 - - - 296 1,020 989
Leverage (Debt/EBITDA) 1.846 x 2.051 x 1.545 x - - -
Free Cash Flow 1 -1,247 68.3 23.8 519 690 125
ROE (net income / shareholders' equity) 8.84% 2.53% 6.84% 28% 20.1% 11.5%
ROA (Net income/ Total Assets) 2.89% 0.97% 3.56% 14.6% 10.9% 6.39%
Assets 1 7,154 6,209 4,579 5,337 6,282 6,645
Book Value Per Share 2 3.000 2.980 2.980 3.950 4.520 4.700
Cash Flow per Share 2 0.0700 0.0900 0.1400 0.6100 1.440 1.810
Capex 1 1,441 119 291 144 24.8 199
Capex / Sales 93.55% 5.09% 11.78% 3.43% 0.59% 6.09%
Announcement Date 27/02/19 26/02/20 25/02/21 23/02/22 27/02/23 27/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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