Projected Income Statement: Thai Union Group

Forecast Balance Sheet: Thai Union Group

balance-sheet-analysis-chart THAI-UNION-GROUP
Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 53,866 52,129 61,318 47,328 51,538 47,786 44,687 39,953
Change - -3.22% 17.63% -22.82% 8.9% -7.28% -6.49% -10.59%
Announcement Date 17/02/20 22/02/21 23/02/22 20/02/23 19/02/24 - - -
1THB in Million
Estimates

Cash Flow Forecast: Thai Union Group

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 4,605 3,855 4,174 5,340 4,925 4,611 4,580 4,453
Change - -16.28% 8.27% 27.95% -7.78% -6.37% -0.67% -2.77%
Free Cash Flow (FCF) 1 7,151 9,578 2,118 530.6 6,317 8,700 5,060 4,961
Change - 33.94% -77.88% -74.95% 1,090.44% 37.72% -41.84% -1.96%
Announcement Date 17/02/20 22/02/21 23/02/22 20/02/23 19/02/24 - - -
1THB in Million
Estimates

Forecast Financial Ratios: Thai Union Group

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 5.75% 9.43% 8.82% 7.95% 8.15% 9.19% 9.18% 9.21%
EBIT Margin (%) 2.83% 6.44% 5.85% 5.17% 5.08% 5.77% 5.82% 6.04%
EBT Margin (%) 3.51% 5.5% 6.39% 4.88% 4.27% 4.87% 5.06% 5.43%
Net margin (%) 3.02% 4.72% 5.68% 4.59% -10.23% 3.82% 4.03% 4.18%
FCF margin (%) 5.66% 7.23% 1.5% 0.34% 4.64% 6.23% 3.49% 3.29%
FCF / Net Income (%) 187.39% 153.34% 26.44% 7.43% -45.34% 162.86% 86.59% 78.78%

Profitability

        
ROA 2.69% 4.36% 5.15% 4.09% 3.28% 3.44% 3.66% 3.94%
ROE 8.33% 12.42% 14.37% 10.2% 8.18% 9.1% 9.59% 10.1%

Financial Health

        
Leverage (Debt/EBITDA) 7.42x 4.18x 4.93x 3.82x 4.64x 3.72x 3.36x 2.88x
Debt / Free cash flow 7.53x 5.44x 28.95x 89.19x 8.16x 5.49x 8.83x 8.05x

Capital Intensity

        
CAPEX / Current Assets (%) 3.65% 2.91% 2.96% 3.43% 3.62% 3.3% 3.16% 2.96%
CAPEX / EBITDA (%) 63.39% 30.88% 33.55% 43.16% 44.35% 35.9% 34.39% 32.11%
CAPEX / FCF (%) 64.4% 40.25% 197.03% 1,006.36% 77.96% 53% 90.52% 89.77%

Items per share

        
Cash flow per share 1 2.463 2.85 1.304 1.261 2.486 2.022 2.292 2.167
Change - 15.68% -54.26% -3.25% 97.15% -18.66% 13.31% -5.44%
Dividend per Share 1 0.47 0.72 0.95 0.84 0.54 0.6275 0.6817 0.7449
Change - 53.19% 31.94% -11.58% -35.71% 16.21% 8.63% 9.28%
Book Value Per Share 1 10.15 10.94 12.74 17.32 12.97 13.76 14.26 14.41
Change - 7.77% 16.53% 35.94% -25.14% 6.09% 3.63% 1.09%
EPS 1 0.8 1.26 1.66 1.47 -3.15 1.149 1.264 1.361
Change - 57.5% 31.75% -11.45% -314.29% -136.49% 10% 7.64%
Nbr of stocks (in thousands) 4,771,815 4,654,815 4,654,815 4,655,133 4,455,133 4,255,133 4,255,133 4,255,133
Announcement Date 17/02/20 22/02/21 23/02/22 20/02/23 19/02/24 - - -
1THB
Estimates
2024 *2025 *
P/E ratio 11.4x 10.4x
PBR 0.95x 0.92x
EV / Sales 0.74x 0.69x
Yield 4.79% 5.2%
More valuation ratios * Estimated data

EPS & Dividend

eps-dividend-chart THAI-UNION-GROUP

Year-on-year evolution of the PER

evolution-chart THAI-UNION-GROUP

Year-on-year evolution of the Yield

evolution-chart THAI-UNION-GROUP
Trading Rating
Investor Rating
ESG Refinitiv
B
surperformance-ratings-light-chart THAI-UNION-GROUPMore Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
13.10THB
Average target price
17.32THB
Spread / Average Target
+32.18%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. TU Stock
  4. Financials Thai Union Group