Financials Srinanaporn Marketing

Equities

SNNP

THA385010006

Food Processing

End-of-day quote Thailand S.E. 23:00:00 13/05/2024 BST 5-day change 1st Jan Change
15.8 THB 0.00% Intraday chart for Srinanaporn Marketing -5.95% -10.23%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 11,424 19,296 16,896 15,168 - -
Enterprise Value (EV) 1 11,424 19,428 16,896 14,913 14,528 14,183
P/E ratio 22.5 x 37.2 x 26.7 x 20.2 x 17.9 x 16.4 x
Yield 2.02% - - 3.47% 3.83% 4.2%
Capitalization / Revenue 2.62 x 3.47 x 2.81 x 2.3 x 2.1 x 1.96 x
EV / Revenue 2.62 x 3.5 x 2.81 x 2.26 x 2.02 x 1.83 x
EV / EBITDA 19.5 x 24.7 x 17.5 x 12.8 x 11.4 x 10.4 x
EV / FCF 31 x 1,055 x - 18.4 x 20.8 x 16.8 x
FCF Yield 3.22% 0.09% - 5.44% 4.81% 5.97%
Price to Book 4.03 x 6.33 x - 4.3 x 4.03 x 3.83 x
Nbr of stocks (in thousands) 960,000 960,000 960,000 960,000 - -
Reference price 2 11.90 20.10 17.60 15.80 15.80 15.80
Announcement Date 21/02/22 21/02/23 20/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 4,358 5,556 6,016 6,600 7,209 7,749
EBITDA 1 - 584.5 787 968.2 1,162 1,278 1,362
EBIT 1 - 411.8 628.2 792.8 948 1,055 1,154
Operating Margin - 9.45% 11.31% 13.18% 14.36% 14.63% 14.89%
Earnings before Tax (EBT) 1 - 507.4 648.9 783.9 944.7 1,074 1,178
Net income 1 93.82 437.2 515.7 635.8 746.4 844.2 927.2
Net margin - 10.03% 9.28% 10.57% 11.31% 11.71% 11.97%
EPS 2 0.1300 0.5300 0.5400 0.6600 0.7814 0.8845 0.9613
Free Cash Flow 1 - 368.3 18.42 - 811.6 699.3 846.6
FCF margin - 8.45% 0.33% - 12.3% 9.7% 10.93%
FCF Conversion (EBITDA) - 63.02% 2.34% - 69.85% 54.73% 62.17%
FCF Conversion (Net income) - 84.25% 3.57% - 108.73% 82.83% 91.31%
Dividend per Share 2 - 0.2400 - - 0.5480 0.6048 0.6632
Announcement Date 19/07/21 21/02/22 21/02/23 20/02/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales 1,210 1,133 1,323 1,468 1,632 1,420 1,470 1,486 1,640 1,440 -
EBITDA 184 170.9 175.2 205.4 235.5 233.4 239.8 240.9 254.1 235.4 -
EBIT 142.9 131.8 135.7 165.4 195.4 193.8 194.2 196.5 208.2 189.2 -
Operating Margin 11.81% 11.63% 10.25% 11.27% 11.97% 13.65% 13.21% 13.23% 12.7% 13.14% -
Earnings before Tax (EBT) 148.5 134 151.7 178.6 191.1 192 195.9 197.1 198.9 195.6 -
Net income 1 120.9 105.4 115.8 142.1 152.5 154 156.7 160.1 165 157.6 183
Net margin 9.99% 9.3% 8.75% 9.68% 9.34% 10.84% 10.66% 10.77% 10.07% 10.94% -
EPS 0.1300 0.1100 0.1200 0.1500 0.1600 0.1600 0.1600 0.1700 0.1700 0.1600 -
Dividend per Share - - - - - - - - - - -
Announcement Date 21/02/22 09/05/22 08/08/22 08/11/22 21/02/23 09/05/23 09/08/23 08/11/23 20/02/24 08/05/24 -
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 132 - - - -
Net Cash position 1 - - - - 255 640 985
Leverage (Debt/EBITDA) - - 0.1675 x - - - -
Free Cash Flow 1 - 368 18.4 - 812 699 847
ROE (net income / shareholders' equity) - 28.6% 17.5% - 22.2% 23.1% 23.5%
ROA (Net income/ Total Assets) - 10.8% 11.2% - 13.7% 14.8% 15.5%
Assets 1 - 4,064 4,611 - 5,441 5,696 5,982
Book Value Per Share 2 - 2.960 3.180 - 3.680 3.920 4.130
Cash Flow per Share 2 - 0.5500 0.4200 - 1.080 1.050 1.210
Capex 1 - 88.8 385 - 185 162 165
Capex / Sales - 2.04% 6.93% - 2.8% 2.25% 2.13%
Announcement Date 19/07/21 21/02/22 21/02/23 20/02/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
15.8 THB
Average target price
21.86 THB
Spread / Average Target
+38.37%
Consensus
  1. Stock Market
  2. Equities
  3. SNNP Stock
  4. Financials Srinanaporn Marketing