Financials Micro Leasing

Equities

MICRO

TH9943010008

Corporate Financial Services

End-of-day quote Thailand S.E. 06:00:00 2024-05-27 pm EDT 5-day change 1st Jan Change
2.02 THB -2.88% Intraday chart for Micro Leasing -5.61% -7.34%

Valuation

Fiscal Period: December 2020 2021 2022 2024 2025 2026
Capitalization 1 4,544 7,620 4,020 1,889 - -
Enterprise Value (EV) 1 4,544 7,620 4,020 1,889 1,889 1,889
P/E ratio 27 x 40.8 x 61.4 x - - -
Yield 1.03% 0.98% 0.84% 0.2% 0.74% 0.94%
Capitalization / Revenue 10 x 13.4 x 5.69 x 2.59 x 2.42 x 2.26 x
EV / Revenue 10 x 13.4 x 5.69 x 2.59 x 2.42 x 2.26 x
EV / EBITDA - - - - - -
EV / FCF -16,080,589 x - - - - -
FCF Yield -0% - - - - -
Price to Book 2.49 x 3.89 x 2.05 x 1 x 0.99 x 0.98 x
Nbr of stocks (in thousands) 935,000 935,000 935,000 935,000 - -
Reference price 2 4.860 8.150 4.300 2.020 2.020 2.020
Announcement Date 2/25/21 2/25/22 2/24/23 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2024 2025 2026
Net sales 1 454.1 569.2 706.7 730 781 837
EBITDA - - - - - -
EBIT 1 224.1 383.1 415.2 398 440 485
Operating Margin 49.36% 67.3% 58.75% 54.52% 56.34% 57.95%
Earnings before Tax (EBT) 176.2 227.4 81.53 - - -
Net income 135.1 187.5 79.14 - - -
Net margin 29.75% 32.93% 11.2% - - -
EPS 0.1800 0.2000 0.0700 - - -
Free Cash Flow -282.6 - - - - -
FCF margin -62.24% - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0500 0.0800 0.0360 0.004000 0.0150 0.0190
Announcement Date 2/25/21 2/25/22 2/24/23 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3
Net sales 158.8 164.9 174.5 339.4 -
EBITDA - - - - -
EBIT 1 108.7 105.1 98.51 203.6 103.4
Operating Margin 68.47% 63.77% 56.44% 60% -
Earnings before Tax (EBT) - - - - -
Net income 1 45.87 51.74 18.72 70.46 7.8
Net margin 28.88% 31.38% 10.73% 20.76% -
EPS 0.0500 0.0600 0.0100 0.0700 -
Dividend per Share - - - - -
Announcement Date 2/25/22 5/11/22 8/12/22 8/12/22 11/18/22
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2024 2025 2026
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow -283 - - - - -
ROE (net income / shareholders' equity) 9.31% 9.92% 4.03% 0.51% 1.87% 2.35%
ROA (Net income/ Total Assets) 5.54% 5.52% 1.66% - - -
Assets 2,438 3,395 4,773 - - -
Book Value Per Share 1 1.950 2.090 2.100 2.020 2.040 2.070
Cash Flow per Share - - - - - -
Capex 11 - - - - -
Capex / Sales 2.43% - - - - -
Announcement Date 2/25/21 2/25/22 2/24/23 - - -
1THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
2.02 THB
Average target price
2.4 THB
Spread / Average Target
+18.81%
Consensus
  1. Stock Market
  2. Equities
  3. MICRO Stock
  4. Financials Micro Leasing