Company Valuation: Wice Logistics

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,194 12,516 6,715 4,006 2,449 1,461
Change - 291.84% -46.35% -40.33% -38.88% -40.31%
Enterprise Value (EV) 1 2,965 12,063 5,922 3,407 2,125 1,220
Change - 306.91% -50.91% -42.47% -37.64% -42.56%
P/E 15.9x 23.4x 12.1x 23.7x 25.1x 12x
PBR 3.64x 9.64x 4.1x 2.72x 1.81x 1.07x
PEG - 0x 3.5x -0.3x -0.6x 0.5x
Capitalization / Revenue 0.8x 1.63x 0.94x 1.05x 0.59x 0.31x
EV / Revenue 0.74x 1.57x 0.83x 0.89x 0.52x 0.26x
EV / EBITDA 7.8x 14.5x 7.08x 10x 11x 6.74x
EV / EBIT 8.85x 15.4x 7.67x 12.8x 17.5x 12.2x
EV / FCF 16.9x 26.4x 9.63x -532x 61.7x 6.94x
FCF Yield 5.93% 3.79% 10.4% -0.19% 1.62% 14.4%
Dividend per Share 2 0.14 0.23 0.44 0.24 0.14 0.14
Rate of return 2.86% 1.2% 4.27% 3.84% 3.66% 6.14%
EPS 2 0.3085 0.8215 0.8499 0.2642 0.1525 0.1905
Distribution rate 45.4% 28% 51.8% 90.9% 91.8% 73.5%
Net sales 1 4,006 7,669 7,135 3,826 4,122 4,656
EBITDA 1 380.2 830.3 836.8 340.6 193.5 181.1
EBIT 1 334.8 781.2 771.7 267.1 121.2 100.4
Net income 1 201.1 535.5 554.1 170.4 97.73 122.1
Net Debt 1 -229.7 -453.4 -792.4 -599.1 -324 -241.1
Reference price 2 4.900 19.200 10.300 6.250 3.820 2.280
Nbr of stocks (in thousands) 651,900 651,900 651,900 641,000 641,000 641,000
Announcement Date 24/02/21 23/02/22 22/02/23 20/02/24 25/02/25 25/02/26
1THB in Million2THB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 54.24M
15.53x1.25x9.12x5.96% 93.52B
16.77x1.01x7.49x3.52% 70.56B
24.34x1.77x16.8x0.95% 21.67B
25.62x2.45x9.13x-.--% 8.8B
27.61x0.55x8.04x-.--% 5.89B
15.6x0.71x8.05x3.37% 5.9B
8.29x0.28x5.29x8.53% 5.24B
36.16x0.34x6.92x2.33% 3.89B
Average 21.24x 1.04x 8.85x 3.08% 23.95B
Weighted average by Cap. 17.76x 1.20x 9.17x 4.18%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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