Company Valuation: Supalai

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 44,223 47,459 36,327 35,546 32,070 30,208 - -
Change - 7.32% -23.46% -2.15% -9.78% -5.81% - -
Enterprise Value (EV) 1 62,487 47,459 58,780 64,609 66,269 62,560 62,732 63,056
Change - -24.05% 23.85% 9.92% 2.57% -5.6% 0.27% 0.52%
P/E 6.25x 5.8x 6.06x 5.74x 8.13x 7x 6.66x 6.08x
PBR 1.05x - 0.72x 0.67x 0.6x 0.54x 0.52x 0.5x
PEG - 0.4x -0.2x 1.76x -0.2x 0.8x 1.3x 0.63x
Capitalization / Revenue 1.52x 1.38x 1.17x 1.14x 1.33x 1.19x 1.16x 1.1x
EV / Revenue 2.14x 1.38x 1.89x 2.07x 2.75x 2.47x 2.42x 2.3x
EV / EBITDA 7.4x 4.99x 7.96x 8.43x 14.2x 11.8x 11.3x 10.6x
EV / EBIT 7.51x 5.06x 8.11x 8.66x 14.8x 13.2x 12.6x 11.5x
EV / FCF 15.9x - -227x -69.5x 93.1x 10.7x 17x 13.6x
FCF Yield 6.28% - -0.44% -1.44% 1.07% 9.3% 5.9% 7.33%
Dividend per Share 2 1 - 1.45 1.35 1.4 1.273 1.29 1.376
Rate of return 4.41% - 7.8% 7.42% 8.24% 8.01% 8.11% 8.66%
EPS 2 3.63 4.19 3.07 3.17 2.09 2.272 2.388 2.617
Distribution rate 27.5% - 47.2% 42.6% 67% 56% 54% 52.6%
Net sales 1 29,160 34,486 31,177 31,194 24,124 25,342 25,963 27,366
EBITDA 1 8,444 9,514 7,386 7,665 4,680 5,291 5,533 5,927
EBIT 1 8,321 9,387 7,249 7,462 4,467 4,730 4,993 5,499
Net income 1 7,070 8,173 5,989 6,190 4,015 4,423 4,644 5,066
Net Debt 1 18,264 - 22,453 29,064 34,200 32,352 32,524 32,848
Reference price 2 22.70 24.30 18.60 18.20 17.00 15.90 15.90 15.90
Nbr of stocks (in thousands) 1,948,141 1,953,054 1,953,054 1,953,054 1,886,454 1,899,871 - -
Announcement Date 22/02/22 21/02/23 20/02/24 25/02/25 25/02/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7x2.47x11.82x8.01% 909M
14.74x4.73x12.72x3.44% 41.98B
18.87x4.09x16.54x1.29% 28.87B
8.47x1.49x7.81x4.51% 26.36B
14.39x3.15x15.03x2.44% 26.14B
5.41x0.63x1.33x9.24% 26.04B
7.99x0.88x3.22x2.8% 20.44B
10.66x2.02x9.45x4.17% 20.19B
13.57x6.57x17.43x1.58% 19.58B
16.54x9.29x17.49x5.01% 17.67B
Average 11.76x 3.53x 11.29x 4.25% 22.82B
Weighted average by Cap. 12.48x 3.54x 11.23x 3.82%

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