Financials Thai Union Feedmill

Equities

TFM

THA506010000

Fishing & Farming

End-of-day quote Thailand S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
6.8 THB 0.00% Intraday chart for Thai Union Feedmill +1.49% +7.94%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 6,900 4,950 3,150 3,400 -
Enterprise Value (EV) 1 6,900 4,950 3,150 3,400 3,400
P/E ratio 27.6 x 45 x 37.1 x 12.8 x 10.1 x
Yield 8.33% 1.31% - 4.41% 5.88%
Capitalization / Revenue 1.45 x 1.01 x 0.62 x 0.6 x 0.58 x
EV / Revenue 1.45 x 1.01 x 0.62 x 0.6 x 0.58 x
EV / EBITDA 21.8 x 20.2 x 13.5 x 8.23 x 5.92 x
EV / FCF -87.7 x -33.8 x - 9.5 x 7.04 x
FCF Yield -1.14% -2.95% - 10.5% 14.2%
Price to Book 3.11 x - - - -
Nbr of stocks (in thousands) 500,000 500,000 500,000 500,000 -
Reference price 2 13.80 9.900 6.300 6.800 6.800
Announcement Date 2/17/22 2/17/23 2/16/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 - 4,773 4,888 5,081 5,646 5,880
EBITDA 1 - 316.6 245.4 234 413 574
EBIT 1 - 166 58.67 60.56 205 364
Operating Margin - 3.48% 1.2% 1.19% 3.63% 6.19%
Earnings before Tax (EBT) 1 - - - 63.8 285 447
Net income 1 411.7 211.5 109.5 87.37 264 335
Net margin - 4.43% 2.24% 1.72% 4.68% 5.7%
EPS 2 1.000 0.5000 0.2200 0.1700 0.5300 0.6700
Free Cash Flow 1 - -78.66 -146.2 - 358 483
FCF margin - -1.65% -2.99% - 6.34% 8.21%
FCF Conversion (EBITDA) - - - - 86.68% 84.15%
FCF Conversion (Net income) - - - - 135.61% 144.18%
Dividend per Share 2 - 1.150 0.1300 - 0.3000 0.4000
Announcement Date 10/28/21 2/17/22 2/17/23 2/16/24 - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales - 1,095 1,013 - - - - 1,344 1,306 -
EBITDA - 56.05 - - - - - - - -
EBIT - 18.04 - - - - - - - -
Operating Margin - 1.65% - - - - - - - -
Earnings before Tax (EBT) - 41.43 -8.881 - - - - - - -
Net income 1 69.47 43.1 1.322 33.74 57.62 16.86 -27.72 47.77 - 14.83
Net margin - 3.94% 0.13% - - - - 3.56% - -
EPS 0.1700 0.0800 - - - - - 0.1000 - -
Dividend per Share - - - - - - - - - -
Announcement Date 11/4/21 2/17/22 5/3/22 8/4/22 11/1/22 2/17/23 5/2/23 8/4/23 11/8/23 2/16/24
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - -78.7 -146 - 358 483
ROE (net income / shareholders' equity) - 12.6% 4.97% - 11.5% 13.9%
ROA (Net income/ Total Assets) - 7.69% 3.35% - 7.6% 9.2%
Assets 1 - 2,751 3,273 - 3,474 3,641
Book Value Per Share - 4.430 - - - -
Cash Flow per Share - - - - - -
Capex 1 - 381 179 - 51 52
Capex / Sales - 7.99% 3.67% - 0.9% 0.88%
Announcement Date 10/28/21 2/17/22 2/17/23 2/16/24 - -
1THB in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
6.8 THB
Average target price
10.2 THB
Spread / Average Target
+50.00%
Consensus
  1. Stock Market
  2. Equities
  3. TFM Stock
  4. Financials Thai Union Feedmill