Company Valuation: Stars Microelectronics (Thailand)

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2025 2026 2027
Market Cap 1 5,437 4,234 3,087 870.4 4,433 -
Change - -22.13% -27.08% - 409.35% -
Enterprise Value (EV) 6,120 4,469 3,087 870.4 4,433 4,433
Change - -26.98% -30.92% - 409.35% 0%
P/E 27.1x 14.9x 13.7x -15.3x 30.3x 17.6x
PBR 3.45x 2.26x 1.55x - - -
PEG - 0.4x -0.7x - -0x 0.2x
Capitalization / Revenue 2.49x 1.49x 1.2x - 1.73x 1.55x
EV / Revenue 0x 0x 0x - 1.73x 1.55x
EV / EBITDA 0x 0x 0x - 12.4x 9.22x
EV / EBIT 0x 0x 0x - 27.2x 15.7x
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - 0.05 0.07 - 0.05 0.09
Rate of return - 0.99% 1.89% - 0.92% 1.65%
EPS 2 0.24 0.34 0.27 -0.07 0.18 0.31
Distribution rate - 14.7% 25.9% - 27.8% 29%
Net sales 1 2,183 2,835 2,580 - 2,560 2,865
EBITDA 1 393.2 573.7 463.8 - 357 481
EBIT 1 143.9 271.4 187.9 - 163 282
Net income 1 209.7 303.5 235.3 -60.13 149 256
Net Debt 683.3 235.6 - - - -
Reference price 2 6.500 5.050 3.700 1.070 5.450 5.450
Nbr of stocks (in thousands) 836,491 838,367 834,426 813,443 813,443 -
Announcement Date 18/02/22 27/02/23 22/02/24 26/02/26 - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.24x13.34x24.36x0.74% 132B
46.62x7.64x33.5x1.59% 52.06B
31.59x1.45x16.66x-.--% 48.02B
25.03x2.11x10.11x1.24% 38.64B
33.26x2.32x16.06x1.44% 31.55B
32.41x4.92x19.63x-.--% 31.4B
10.68x5.95x16.6x1.42% 26.79B
32.36x4.95x19.78x0.71% 18.95B
24.93x3.17x13.29x-.--% 17.56B
Average 30.46x 5.09x 18.89x 0.79% 44.11B
Weighted average by Cap. 33.33x 7.17x 20.97x 0.82%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  5. Valuation Stars Microelectronics (Thailand)