Financials Thai Stanley Electric

Equities

STANLY

TH0233010Z07

Auto, Truck & Motorcycle Parts

End-of-day quote Thailand S.E. 23:00:00 30/06/2024 BST 5-day change 1st Jan Change
220 THB +1.85% Intraday chart for Thai Stanley Electric -0.45% +18.60%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 9,463 14,022 13,486 13,869 15,785 16,858 - -
Enterprise Value (EV) 1 5,120 14,022 7,347 5,893 15,785 7,918 7,221 16,858
P/E ratio 4.74 x 13.2 x 8.87 x 7.95 x 8.98 x 9.87 x 9.14 x 8.63 x
Yield 6.68% 3.01% 4.83% 11% - 6.5% 6.85% 8.71%
Capitalization / Revenue 0.62 x 1.2 x 0.99 x 0.96 x 1.1 x 1.19 x 1.13 x 1.06 x
EV / Revenue 0.34 x 1.2 x 0.54 x 0.41 x 1.1 x 0.56 x 0.48 x 1.06 x
EV / EBITDA 1.55 x 5.73 x 2.36 x 1.92 x 4.7 x 2.3 x 2.11 x 4.68 x
EV / FCF -22.9 x 11 x 4.46 x 2.54 x - 8.58 x 4.62 x 26 x
FCF Yield -4.36% 9.05% 22.4% 39.3% - 11.7% 21.6% 3.85%
Price to Book 0.55 x 0.75 x 0.67 x 0.65 x - 0.76 x 0.75 x 0.74 x
Nbr of stocks (in thousands) 76,625 76,625 76,625 76,625 76,625 76,625 - -
Reference price 2 123.5 183.0 176.0 181.0 206.0 220.0 220.0 220.0
Announcement Date 15/05/20 14/05/21 20/05/22 22/05/23 17/05/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 15,150 11,728 13,582 14,448 14,380 14,157 14,969 15,870
EBITDA 1 3,309 2,448 3,118 3,064 3,359 3,436 3,429 3,602
EBIT 1 1,863 892.4 1,544 1,515 1,801 1,854 1,952 2,178
Operating Margin 12.3% 7.61% 11.37% 10.49% 12.53% 13.1% 13.04% 13.72%
Earnings before Tax (EBT) 1 2,446 - 1,890 2,153 2,179 1,952 2,119 2,167
Net income 1 1,997 1,061 1,521 1,746 1,757 1,708 1,843 1,952
Net margin 13.18% 9.05% 11.2% 12.08% 12.22% 12.07% 12.31% 12.3%
EPS 2 26.07 13.85 19.85 22.78 22.93 22.29 24.06 25.48
Free Cash Flow 1 -223.1 1,269 1,646 2,319 - 922.8 1,563 649.4
FCF margin -1.47% 10.82% 12.12% 16.05% - 6.52% 10.44% 4.09%
FCF Conversion (EBITDA) - 51.83% 52.79% 75.68% - 26.85% 45.57% 18.03%
FCF Conversion (Net income) - 119.57% 108.24% 132.82% - 54.02% 84.78% 33.26%
Dividend per Share 2 8.250 5.500 8.500 20.00 - 14.31 15.08 19.17
Announcement Date 15/05/20 14/05/21 20/05/22 22/05/23 17/05/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q3 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4
Net sales 1 3,512 3,283 - 3,602 4,012 3,306 3,745 - 3,607 3,722
EBITDA 1 723.8 602.9 - 658.5 955.7 638.4 - - 786.7 911.3
EBIT 1 393.5 278.7 - 337.4 575.4 239.5 328.3 567.8 395.6 535.9
Operating Margin 11.21% 8.49% - 9.37% 14.34% 7.24% 8.77% - 10.97% 14.4%
Earnings before Tax (EBT) 1 495.1 396.5 - 469.8 697.9 393.4 603.1 - 553.9 628.9
Net income 1 396.7 317.4 486.7 376.3 565.3 314.9 495.5 810.4 443 503.5
Net margin 11.3% 9.67% - 10.45% 14.09% 9.53% 13.23% - 12.28% 13.53%
EPS 2 5.180 4.140 6.350 4.910 7.380 4.110 6.470 10.58 5.780 6.570
Dividend per Share - - - - - - - - - -
Announcement Date 02/02/22 05/08/22 28/10/22 27/01/23 22/05/23 03/08/23 27/10/23 27/10/23 08/02/24 17/05/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - - - - - -
Net Cash position 1 4,343 - 6,139 7,976 - 8,940 9,636 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -223 1,269 1,646 2,319 - 923 1,563 649
ROE (net income / shareholders' equity) 11.9% 5.89% 7.85% 8.45% - 7.89% 8.37% 8.66%
ROA (Net income/ Total Assets) 10% 5.06% 6.82% 7.37% - 7.01% 7.3% 7.66%
Assets 1 19,947 20,956 22,300 23,691 - 24,370 25,238 25,490
Book Value Per Share 2 226.0 244.0 261.0 278.0 - 289.0 293.0 297.0
Cash Flow per Share 2 40.10 37.50 33.60 39.10 - 38.60 34.30 31.00
Capex 1 3,298 1,604 927 677 - 1,042 829 908
Capex / Sales 21.77% 13.68% 6.83% 4.68% - 7.36% 5.53% 5.72%
Announcement Date 15/05/20 14/05/21 20/05/22 22/05/23 17/05/24 - - -
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
OUTPERFORM
Number of Analysts
4
Last Close Price
220 THB
Average target price
219.2 THB
Spread / Average Target
-0.39%
Consensus
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