Company Valuation: Sappe

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,035 13,642 26,667 20,866 9,319 9,239 - -
Change - 69.78% 95.48% -21.75% -55.34% -0.86% - -
Enterprise Value (EV) 1 8,035 13,353 26,122 20,105 8,636 8,434 8,221 8,193
Change - 66.19% 95.62% -23.03% -57.05% -2.33% -2.53% -0.33%
P/E 19.6x 20.9x 24.8x 16.6x 12.2x 12.6x 11.1x 9.81x
PBR 2.77x 4.19x 6.99x 4.76x 2.19x 1.98x 1.82x 1.7x
PEG - 0.4x 0.4x 1x -0.3x -2.94x 0.8x 0.8x
Capitalization / Revenue 2.33x 2.99x 4.41x 3.08x 1.77x 1.64x 1.52x 1.41x
EV / Revenue 2.33x 2.92x 4.32x 2.97x 1.64x 1.49x 1.35x 1.25x
EV / EBITDA 10.8x 13.1x 16.9x 11.1x 7.12x 6.97x 6.14x 5.66x
EV / EBIT 14.7x 16.1x 19.1x 12.8x 8.97x 8.88x 7.58x 6.9x
EV / FCF - 19.1x 29.4x -249x 25.4x 14.4x 12.7x 9.62x
FCF Yield - 5.24% 3.4% -0.4% 3.94% 6.93% 7.88% 10.4%
Dividend per Share 2 1.1 - - - - 1.538 1.677 1.889
Rate of return 4.19% - - - - 5.04% 5.5% 6.19%
EPS 2 1.34 2.12 3.49 4.07 2.53 2.422 2.749 3.108
Distribution rate 82.1% - - - - 63.5% 61% 60.8%
Net sales 1 3,444 4,566 6,053 6,775 5,253 5,649 6,080 6,538
EBITDA 1 743.4 1,018 1,546 1,804 1,213 1,211 1,340 1,447
EBIT 1 545.5 830.5 1,368 1,567 962.6 950.2 1,085 1,187
Net income 1 410.8 653.2 1,074 1,253 776.2 745 844.1 954.6
Net Debt 1 - -288.4 -544.7 -760.7 -683.1 -805 -1,019 -1,046
Reference price 2 26.25 44.25 86.50 67.75 30.75 30.50 30.50 30.50
Nbr of stocks (in thousands) 306,087 308,289 308,289 307,987 303,055 302,925 - -
Announcement Date 24/02/22 28/02/23 27/02/24 24/02/25 27/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.59x1.49x6.97x5.04% 274M
28.44x8.74x25.01x2.23% 410B
16.71x2.24x11.66x4.22% 184B
41.1x9.14x29.64x-.--% 92.66B
21.42x6.17x13.75x3.3% 57.49B
23.03x2.52x13.92x2.18% 50.06B
21.58x2.85x10.96x2.66% 46.91B
17.43x1.61x7.96x3.7% 24.8B
19.07x1.67x10.41x2.4% 22.31B
18.69x1.62x8x4.34% 20.11B
Average 22.00x 3.81x 13.83x 3.01% 90.84B
Weighted average by Cap. 25.51x 6.13x 19.53x 2.58%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Sappe

Historical PBR trend

Valuation ratios - PBR - Sappe

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Sappe

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Sappe


Year-on-year evolution of the Yield

Valuation ratios - Yield - Sappe