TCM CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.16 THB | -0.85% |
|
-4.13% | -15.33% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,267 | 1,557 | 1,290 | 1,290 | 1,313 | 1,046 |
| Enterprise Value (EV) 1 | 4,477 | 4,710 | 3,856 | 4,269 | 4,240 | 3,881 |
| P/E ratio | 4.68 x | -179 x | -31.4 x | -8.44 x | 12.4 x | 20.8 x |
| Yield | 5.42% | - | - | - | - | - |
| Capitalization / Revenue | 0.13 x | 0.17 x | 0.19 x | 0.17 x | 0.14 x | 0.13 x |
| EV / Revenue | 0.47 x | 0.52 x | 0.56 x | 0.55 x | 0.47 x | 0.48 x |
| EV / EBITDA | 4.89 x | 8.64 x | 10.6 x | 22.5 x | 8.98 x | 7.56 x |
| EV / FCF | 9.55 x | 34 x | 9.96 x | -29 x | 20.8 x | 23 x |
| FCF Yield | 10.5% | 2.94% | 10% | -3.44% | 4.81% | 4.34% |
| Price to Book | 0.42 x | 0.62 x | 0.55 x | 0.55 x | 0.56 x | 0.44 x |
| Nbr of stocks (in thousands) | 763,189 | 763,201 | 763,201 | 763,201 | 763,201 | 763,201 |
| Reference price 2 | 1.660 | 2.040 | 1.690 | 1.690 | 1.720 | 1.370 |
| Announcement Date | 2/28/19 | 2/28/20 | 2/28/21 | 2/28/22 | 2/28/23 | 2/29/24 |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 9,585 | 9,027 | 6,865 | 7,795 | 9,110 | 8,032 |
| EBITDA 1 | 914.9 | 545.3 | 364.6 | 190 | 472.2 | 513.3 |
| EBIT 1 | 646.3 | 294.7 | 142.4 | -34.82 | 252.2 | 284.2 |
| Operating Margin | 6.74% | 3.26% | 2.07% | -0.45% | 2.77% | 3.54% |
| Earnings before Tax (EBT) 1 | 473.7 | 124.4 | -33.93 | -122.2 | 124 | 62.73 |
| Net income 1 | 271 | -8.715 | -41.03 | -152.8 | 106.2 | 50.25 |
| Net margin | 2.83% | -0.1% | -0.6% | -1.96% | 1.17% | 0.63% |
| EPS 2 | 0.3550 | -0.0114 | -0.0538 | -0.2003 | 0.1391 | 0.0658 |
| Free Cash Flow 1 | 468.6 | 138.7 | 387.3 | -147 | 203.8 | 168.6 |
| FCF margin | 4.89% | 1.54% | 5.64% | -1.89% | 2.24% | 2.1% |
| FCF Conversion (EBITDA) | 51.22% | 25.43% | 106.22% | - | 43.16% | 32.85% |
| FCF Conversion (Net income) | 172.94% | - | - | - | 191.98% | 335.52% |
| Dividend per Share 2 | 0.0900 | - | - | - | - | - |
| Announcement Date | 2/28/19 | 2/28/20 | 2/28/21 | 2/28/22 | 2/28/23 | 2/29/24 |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 3,210 | 3,153 | 2,567 | 2,979 | 2,928 | 2,836 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.509 x | 5.782 x | 7.039 x | 15.68 x | 6.2 x | 5.524 x |
| Free Cash Flow 1 | 469 | 139 | 387 | -147 | 204 | 169 |
| ROE (net income / shareholders' equity) | 13.4% | 3.11% | -0% | -4.43% | 6.53% | 3.1% |
| ROA (Net income/ Total Assets) | 4.37% | 2.07% | 1.09% | -0.26% | 1.87% | 2.21% |
| Assets 1 | 6,196 | -421.8 | -3,758 | 57,897 | 5,675 | 2,275 |
| Book Value Per Share 2 | 3.970 | 3.280 | 3.090 | 3.050 | 3.050 | 3.100 |
| Cash Flow per Share 2 | 0.6900 | 0.5600 | 0.8800 | 0.6300 | 0.8100 | 0.6200 |
| Capex 1 | 184 | 84.6 | 75.2 | 139 | 159 | 124 |
| Capex / Sales | 1.92% | 0.94% | 1.1% | 1.79% | 1.75% | 1.54% |
| Announcement Date | 2/28/19 | 2/28/20 | 2/28/21 | 2/28/22 | 2/28/23 | 2/29/24 |
1THB in Million2THB
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -15.33% | 24.04M | |
| +21.50% | 3.22B | |
| -55.67% | 1.55B | |
| +3.34% | 1.37B | |
| -4.09% | 1.02B | |
| +34.21% | 700M | |
| -9.66% | 698M | |
| -27.33% | 404M | |
| +3.83% | 393M | |
| -8.99% | 337M |
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