Financials Thai Coating Industrial

Equities

TCOAT

TH0401010002

Non-Paper Containers & Packaging

End-of-day quote Thailand S.E. 23:00:00 12/05/2024 BST 5-day change 1st Jan Change
25.5 THB +2.41% Intraday chart for Thai Coating Industrial 0.00% +3.66%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 299.2 283.5 273 299.2 280.9 258.3
Enterprise Value (EV) 1 195.6 197.7 134.4 177.3 177.5 155.2
P/E ratio 9.47 x 38.9 x 22.5 x 68.2 x -46.3 x 81 x
Yield 2.63% 2.78% 3.46% 1.93% - 2.03%
Capitalization / Revenue 0.4 x 0.37 x 0.39 x 0.41 x 0.35 x 0.37 x
EV / Revenue 0.26 x 0.25 x 0.19 x 0.25 x 0.22 x 0.23 x
EV / EBITDA 3.92 x 6.87 x 3.68 x 6.45 x 15 x 7.93 x
EV / FCF 6.84 x -8.73 x 1.62 x -16.5 x -10.1 x -17.7 x
FCF Yield 14.6% -11.5% 61.6% -6.05% -9.9% -5.64%
Price to Book 0.58 x 0.54 x 0.51 x 0.57 x 0.54 x 0.49 x
Nbr of stocks (in thousands) 10,500 10,500 10,500 10,500 10,500 10,500
Reference price 2 28.50 27.00 26.00 28.50 26.75 24.60
Announcement Date 27/02/19 27/02/20 01/03/21 28/02/22 28/02/23 29/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 743.7 776 695.3 721.5 793.1 689.1
EBITDA 1 49.89 28.77 36.51 27.47 11.86 19.56
EBIT 1 31.62 8.71 15.2 6.099 -10.66 -1.512
Operating Margin 4.25% 1.12% 2.19% 0.85% -1.34% -0.22%
Earnings before Tax (EBT) 1 32.4 9.22 14.53 6.338 -6.596 1.229
Net income 1 31.61 7.294 12.15 4.39 -6.063 3.19
Net margin 4.25% 0.94% 1.75% 0.61% -0.76% 0.46%
EPS 2 3.011 0.6947 1.157 0.4181 -0.5774 0.3038
Free Cash Flow 1 28.59 -22.64 82.72 -10.72 -17.57 -8.76
FCF margin 3.84% -2.92% 11.9% -1.49% -2.22% -1.27%
FCF Conversion (EBITDA) 57.3% - 226.57% - - -
FCF Conversion (Net income) 90.43% - 680.73% - - -
Dividend per Share 2 0.7500 0.7500 0.9000 0.5500 - 0.5000
Announcement Date 27/02/19 27/02/20 01/03/21 28/02/22 28/02/23 29/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 104 85.8 139 122 103 103
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 28.6 -22.6 82.7 -10.7 -17.6 -8.76
ROE (net income / shareholders' equity) 6.03% 1.54% 2.44% 0.97% -1.11% 0.42%
ROA (Net income/ Total Assets) 3.13% 0.85% 1.43% 0.57% -1.02% -0.15%
Assets 1 1,010 862.1 848 774 591.7 -2,157
Book Value Per Share 2 49.50 50.30 50.70 50.20 49.50 49.80
Cash Flow per Share 2 0.8000 0.2100 0.1900 0.5200 2.090 0.8800
Capex 1 23.5 34.4 15.9 18.7 16.6 27.7
Capex / Sales 3.16% 4.43% 2.29% 2.59% 2.1% 4.02%
Announcement Date 27/02/19 27/02/20 01/03/21 28/02/22 28/02/23 29/02/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. TCOAT Stock
  4. Financials Thai Coating Industrial