Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 21.1x - 23.3x | 22.2x |
| Selected Fwd EBIT Multiple | 15.3x - 16.9x | 16.1x |
| Fair Value | ฿0.61 - ฿0.74 | ฿0.67 |
| Upside | 29.1% - 57.4% | 43.2% |
| Benchmarks | Ticker | Full Ticker |
| All Energy & Utilities Public Company Limited | AE | SET:AE |
| Gunkul Engineering Public Company Limited | GUNKUL | SET:GUNKUL |
| EverGen Infrastructure Corp. | EVGN | TSXV:EVGN |
| Green Resources Public Company Limited | GREEN | SET:GREEN |
| Green Tech Ventures Public Company Limited | GTV | SET:GTV |
| Scan Inter Public Company Limited | SCN | SET:SCN |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| AE | GUNKUL | EVGN | GREEN | GTV | SCN | ||
| SET:AE | SET:GUNKUL | TSXV:EVGN | SET:GREEN | SET:GTV | SET:SCN | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | NM- | -9.6% | NM- | -11.1% | NM- | -25.2% | |
| 3Y CAGR | NM- | -14.1% | NM- | -31.0% | NM- | -12.8% | |
| Latest Twelve Months | 25.7% | 35.5% | 33.8% | -0.8% | 84.0% | -67.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | -18.0% | 30.2% | -46.5% | 9.6% | -65.6% | 6.4% | |
| Prior Fiscal Year | -19.5% | 19.0% | -63.3% | 9.3% | -83.9% | 11.8% | |
| Latest Fiscal Year | -14.4% | 19.8% | -24.9% | 10.0% | -17.5% | 4.5% | |
| Latest Twelve Months | -14.4% | 19.8% | -24.9% | 10.0% | -17.5% | 4.5% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.20x | 2.72x | 2.52x | 6.45x | 3.97x | 0.87x | |
| EV / LTM EBITDA | 125.1x | 8.9x | 27.2x | 16.1x | 81.6x | 8.6x | |
| EV / LTM EBIT | -8.3x | 13.7x | -10.1x | 64.3x | -22.7x | 19.3x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -22.7x | -8.3x | 64.3x | ||||
| Historical EV / LTM EBIT | 14.0x | 24.7x | 51.7x | ||||
| Selected EV / LTM EBIT | 21.1x | 22.2x | 23.3x | ||||
| (x) LTM EBIT | 72 | 72 | 72 | ||||
| (=) Implied Enterprise Value | 1,511 | 1,590 | 1,670 | ||||
| (-) Non-shareholder Claims * | (800) | (800) | (800) | ||||
| (=) Equity Value | 711 | 790 | 870 | ||||
| (/) Shares Outstanding | 1,213.7 | 1,213.7 | 1,213.7 | ||||
| Implied Value Range | 0.59 | 0.65 | 0.72 | ||||
| FX Rate: THB/THB | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 0.59 | 0.65 | 0.72 | 0.47 | |||
| Upside / (Downside) | 24.6% | 38.6% | 52.5% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | AE | GUNKUL | EVGN | GREEN | GTV | SCN | |
| Enterprise Value | 1,478 | 23,647 | 36 | 693 | 2,065 | 1,370 | |
| (+) Cash & Short Term Investments | 20 | 1,213 | 0 | 200 | 1,015 | 25 | |
| (+) Investments & Other | 342 | 5,454 | 1 | 53 | 693 | 1,764 | |
| (-) Debt | (382) | (16,243) | (27) | (226) | (2,250) | (2,465) | |
| (-) Other Liabilities | (635) | (50) | (3) | 0 | (210) | (124) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 823 | 14,021 | 8 | 720 | 1,313 | 570 | |
| (/) Shares Outstanding | 5,143.1 | 8,601.6 | 14.1 | 818.0 | 13,131.0 | 1,213.7 | |
| Implied Stock Price | 0.16 | 1.63 | 0.57 | 0.88 | 0.10 | 0.47 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 0.16 | 1.63 | 0.57 | 0.88 | 0.10 | 0.47 | |
| Trading Currency | THB | THB | CAD | THB | THB | THB | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |