Financials SC Asset Corporation

Equities

SC

TH0747A10Z01

Real Estate Development & Operations

End-of-day quote Thailand S.E. 23:00:00 27/06/2024 BST 5-day change 1st Jan Change
2.86 THB -2.05% Intraday chart for SC Asset Corporation -1.38% -12.80%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,446 11,619 14,078 17,819 14,015 12,233 - -
Enterprise Value (EV) 1 30,751 28,392 32,200 44,192 45,557 45,567 46,010 48,960
P/E ratio 4.66 x 6.13 x 6.84 x 6.97 x 5.66 x 5.43 x 4.94 x 4.45 x
Yield 8.41% 6.47% 5.95% 5.92% 7.32% 7.34% 8.04% 8.92%
Capitalization / Revenue 0.54 x 0.61 x 0.72 x 0.83 x 0.57 x 0.54 x 0.52 x 0.48 x
EV / Revenue 1.74 x 1.5 x 1.65 x 2.05 x 1.86 x 2.02 x 1.95 x 1.93 x
EV / EBITDA 11.7 x 10.7 x 11.4 x 13.1 x 12.7 x 14.3 x 13.1 x 12.5 x
EV / FCF -15.3 x 4.97 x 415 x -7.88 x -11.7 x 21.7 x 45.1 x 20.8 x
FCF Yield -6.54% 20.1% 0.24% -12.7% -8.52% 4.61% 2.22% 4.81%
Price to Book 0.54 x 0.62 x 0.7 x 0.82 x 0.6 x 0.5 x 0.47 x 0.44 x
Nbr of stocks (in thousands) 4,179,625 4,179,625 4,189,904 4,222,616 4,272,851 4,277,213 - -
Reference price 2 2.260 2.780 3.360 4.220 3.280 2.860 2.860 2.860
Announcement Date 19/02/20 17/02/21 17/02/22 16/02/23 27/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,637 18,977 19,475 21,583 24,487 22,511 23,632 25,306
EBITDA 1 2,627 2,647 2,823 3,373 3,577 3,192 3,518 3,915
EBIT 1 2,539 2,536 2,656 3,259 3,430 2,998 3,320 3,669
Operating Margin 14.39% 13.36% 13.64% 15.1% 14.01% 13.32% 14.05% 14.5%
Earnings before Tax (EBT) 1 2,528 2,391 2,603 3,241 3,181 2,745 3,052 3,258
Net income 1 2,026 1,898 2,062 2,556 2,482 2,239 2,453 2,734
Net margin 11.49% 10% 10.59% 11.84% 10.14% 9.95% 10.38% 10.8%
EPS 2 0.4848 0.4538 0.4913 0.6054 0.5799 0.5271 0.5786 0.6425
Free Cash Flow 1 -2,012 5,708 77.52 -5,607 -3,881 2,100 1,020 2,353
FCF margin -11.41% 30.08% 0.4% -25.98% -15.85% 9.33% 4.31% 9.3%
FCF Conversion (EBITDA) - 215.6% 2.75% - - 65.79% 28.98% 60.1%
FCF Conversion (Net income) - 300.74% 3.76% - - 93.8% 41.57% 86.06%
Dividend per Share 2 0.1900 0.1800 0.2000 0.2500 0.2400 0.2100 0.2300 0.2550
Announcement Date 19/02/20 17/02/21 17/02/22 16/02/23 27/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales - - - 3,827 5,204 - - 4,922 5,213 5,533 8,818 4,010 -
EBITDA - - - - - - - 773.7 - 756.3 1,309 356.2 -
EBIT - - - 520.7 752.7 - - 736.6 694.3 711.2 1,288 315.2 -
Operating Margin - - - 13.6% 14.46% - - 14.96% 13.32% 12.85% 14.61% 7.86% -
Earnings before Tax (EBT) - - - 494.4 732.8 - - 677.5 - 650.6 1,118 258.8 -
Net income 1 756.8 - 580.7 387.7 581.1 652.2 935 534.6 593 503.4 851.3 182.6 374
Net margin - - - 10.13% 11.17% - - 10.86% 11.38% 9.1% 9.65% 4.55% -
EPS 0.1811 - - 0.0917 0.1372 - - 0.1252 - 0.1173 0.1989 - -
Dividend per Share - 0.1800 - - - - - - - - - - -
Announcement Date 10/08/20 17/02/21 17/02/22 11/05/22 10/08/22 09/11/22 16/02/23 10/05/23 09/08/23 10/11/23 27/02/24 14/05/24 -
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 21,305 16,773 18,122 26,372 31,542 33,334 33,778 36,727
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 8.109 x 6.336 x 6.419 x 7.817 x 8.817 x 10.44 x 9.601 x 9.381 x
Free Cash Flow 1 -2,012 5,708 77.5 -5,607 -3,881 2,100 1,020 2,353
ROE (net income / shareholders' equity) 11.5% 10.5% 10.6% 12.2% 11% 9.31% 9.69% 10.1%
ROA (Net income/ Total Assets) 4.42% 4.24% 4.38% 4.77% 4.09% 3.56% 3.81% 4.02%
Assets 1 45,878 44,797 47,037 53,577 60,645 62,897 64,379 68,004
Book Value Per Share 2 4.200 4.470 4.790 5.150 5.440 5.720 6.040 6.440
Cash Flow per Share 2 - - - - 0.6300 0.5600 0.6000 0.6400
Capex 1 251 128 138 176 1,809 285 459 347
Capex / Sales 1.42% 0.67% 0.71% 0.81% 7.39% 1.26% 1.94% 1.37%
Announcement Date 19/02/20 17/02/21 17/02/22 16/02/23 27/02/24 - - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
2.86 THB
Average target price
3.727 THB
Spread / Average Target
+30.32%
Consensus
  1. Stock Market
  2. Equities
  3. SC Stock
  4. Financials SC Asset Corporation