Financials Property Perfect

Equities

PF

TH0352A10Z07

Real Estate Development & Operations

End-of-day quote Thailand S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
0.22 THB -.--% Intraday chart for Property Perfect +10.00% -26.67%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,414 7,021 3,623 5,053 4,105 3,003
Enterprise Value (EV) 1 36,099 37,772 35,079 33,306 32,825 31,721
P/E ratio 12.5 x 6.44 x -3.31 x 10.6 x -165 x -15.3 x
Yield 8.91% 1.35% 5.25% 2.93% 4.88% 4.33%
Capitalization / Revenue 0.34 x 0.35 x 0.29 x 0.53 x 0.4 x 0.28 x
EV / Revenue 1.92 x 1.86 x 2.84 x 3.47 x 3.17 x 2.93 x
EV / EBITDA 17.7 x 15.2 x 966 x -244 x 95.3 x 53 x
EV / FCF -16.7 x 60.2 x 27.6 x 15.5 x 46.7 x 31.4 x
FCF Yield -5.99% 1.66% 3.62% 6.46% 2.14% 3.18%
Price to Book 0.52 x 0.55 x 0.31 x 0.43 x 0.31 x 0.24 x
Nbr of stocks (in thousands) 10,011,340 10,011,340 10,011,313 10,011,313 10,011,081 10,011,081
Reference price 2 0.6407 0.7013 0.3619 0.5048 0.4100 0.3000
Announcement Date 2/26/19 2/27/20 3/1/21 2/25/22 2/24/23 2/29/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 18,844 20,306 12,344 9,610 10,362 10,824
EBITDA 1 2,036 2,484 36.3 -136.3 344.6 598.6
EBIT 1 1,249 1,729 -647.5 -738.1 -29.53 284.5
Operating Margin 6.63% 8.51% -5.25% -7.68% -0.28% 2.63%
Earnings before Tax (EBT) 1 1,023 1,331 -1,953 -264.3 -934.6 -665.2
Net income 1 548.7 1,138 -1,046 526.7 24.71 -196.4
Net margin 2.91% 5.6% -8.47% 5.48% 0.24% -1.81%
EPS 2 0.0514 0.1088 -0.1093 0.0478 -0.002480 -0.0196
Free Cash Flow 1 -2,161 627.6 1,270 2,152 703.4 1,009
FCF margin -11.47% 3.09% 10.29% 22.4% 6.79% 9.32%
FCF Conversion (EBITDA) - 25.27% 3,497.93% - 204.11% 168.53%
FCF Conversion (Net income) - 55.15% - 408.7% 2,846.13% -
Dividend per Share 2 0.0571 0.009500 0.0190 0.0148 0.0200 0.0130
Announcement Date 2/26/19 2/27/20 3/1/21 2/25/22 2/24/23 2/29/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 29,685 30,752 31,456 28,253 28,720 28,718
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 14.58 x 12.38 x 866.6 x -207.2 x 83.34 x 47.98 x
Free Cash Flow 1 -2,161 628 1,270 2,152 703 1,009
ROE (net income / shareholders' equity) 4.48% 6.38% -11.8% -1.43% -5.18% -4.31%
ROA (Net income/ Total Assets) 1.48% 1.85% -0.72% -0.88% -0.03% 0.33%
Assets 1 36,986 61,420 145,315 -60,178 -71,219 -59,397
Book Value Per Share 2 1.240 1.280 1.150 1.180 1.300 1.260
Cash Flow per Share 2 0.4800 0.3900 0.2000 0.3800 0.3000 0.3100
Capex 1 1,239 1,049 231 260 132 133
Capex / Sales 6.57% 5.17% 1.87% 2.7% 1.28% 1.23%
Announcement Date 2/26/19 2/27/20 3/1/21 2/25/22 2/24/23 2/29/24
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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