Financials CK Power

Equities

CKP

TH4536010Z09

Electric Utilities

End-of-day quote Thailand S.E. 06:00:00 2024-06-09 pm EDT 5-day change 1st Jan Change
3.84 THB -0.52% Intraday chart for CK Power -3.52% +17.79%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 40,322 36,257 40,647 37,070 26,502 31,217 - -
Enterprise Value (EV) 1 40,322 36,257 40,647 61,674 26,502 54,380 53,874 55,225
P/E ratio 49.6 x 89.2 x 18.7 x 15.2 x 18.1 x 17.7 x 15.5 x 14 x
Yield 0.6% 0.78% 1.6% - - 2.43% 2.52% 2.67%
Capitalization / Revenue 4.81 x 5.42 x 4.62 x 3.4 x 2.58 x 2.99 x 3 x 2.98 x
EV / Revenue 4.81 x 5.42 x 4.62 x 5.66 x 2.58 x 5.22 x 5.17 x 5.27 x
EV / EBITDA 14 x 19.7 x 12.1 x 18.1 x 6.99 x 16.3 x 15.6 x 16.9 x
EV / FCF 14 x 16.9 x 11.2 x 18.8 x - 18.9 x 14.5 x 13.3 x
FCF Yield 7.13% 5.91% 8.9% 5.31% - 5.28% 6.87% 7.54%
Price to Book 1.71 x 1.53 x 1.64 x 1.4 x - 1.1 x 1.06 x 1.01 x
Nbr of stocks (in thousands) 8,129,382 8,129,383 8,129,383 8,129,383 8,129,383 8,129,383 - -
Reference price 2 4.960 4.460 5.000 4.560 3.260 3.840 3.840 3.840
Announcement Date 2/25/20 2/22/21 2/21/22 2/20/23 2/20/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,377 6,695 8,798 10,904 10,286 10,426 10,417 10,487
EBITDA 1 2,875 1,838 3,354 3,411 3,791 3,331 3,445 3,263
EBIT 1 1,358 277.5 1,783 1,839 2,223 1,768 1,751 1,812
Operating Margin 16.21% 4.14% 20.27% 16.87% 21.62% 16.96% 16.81% 17.28%
Earnings before Tax (EBT) 1 1,095 181.8 2,812 2,893 2,017 2,332 2,238 2,420
Net income 1 768.9 404.7 2,179 2,436 1,462 1,724 1,979 2,222
Net margin 9.18% 6.04% 24.77% 22.34% 14.21% 16.54% 19% 21.19%
EPS 2 0.1000 0.0500 0.2680 0.3000 0.1800 0.2167 0.2483 0.2750
Free Cash Flow 1 2,874 2,142 3,618 3,276 - 2,871 3,704 4,163
FCF margin 34.31% 31.99% 41.12% 30.05% - 27.54% 35.55% 39.7%
FCF Conversion (EBITDA) 99.96% 116.51% 107.87% 96.04% - 86.18% 107.49% 127.59%
FCF Conversion (Net income) 373.83% 529.19% 166.04% 134.49% - 166.52% 187.17% 187.32%
Dividend per Share 2 0.0300 0.0350 0.0800 - - 0.0933 0.0967 0.1025
Announcement Date 2/25/20 2/22/21 2/21/22 2/20/23 2/20/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 2,416 2,531 4,947 3,519 2,594 2,555 2,365 2,478 2,889 2,348
EBITDA 1 601.9 848.9 1,578 998.3 664.9 616.6 560.1 - 1,206 861.4
EBIT 1 213.8 328.4 - 756.6 - - - - 810.7 470.7
Operating Margin 8.85% 12.98% - 21.5% - - - - 28.06% 20.05%
Earnings before Tax (EBT) 1 71.5 206.5 - 1,744 - - 21.84 - 845 -361.5
Net income 1 38.73 864 902.8 1,462 71.79 -104.3 1.801 - 542.7 -461
Net margin 1.6% 34.14% 18.25% 41.54% 2.77% -4.08% 0.08% - 18.79% -19.64%
EPS 2 0.005000 0.1060 0.1110 0.1800 - - - - 0.0670 -0.0570
Dividend per Share - - - - - - - - - -
Announcement Date 5/12/22 8/11/22 8/11/22 11/11/22 2/20/23 5/11/23 8/10/23 11/9/23 2/20/24 5/15/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 24,604 - 23,163 22,657 24,008
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - 7.212 x - 6.954 x 6.576 x 7.358 x
Free Cash Flow 1 2,874 2,142 3,618 3,276 - 2,871 3,704 4,163
ROE (net income / shareholders' equity) 3.67% 1.71% 8.97% 9.48% - 6.2% 6.5% 6.84%
ROA (Net income/ Total Assets) 1.21% 0.62% 3.2% 3.51% - 2.69% 3.08% 3.53%
Assets 1 63,347 65,615 68,007 69,412 - 64,185 64,243 62,960
Book Value Per Share 2 2.900 2.920 3.050 3.270 - 3.490 3.610 3.810
Cash Flow per Share 2 0.4000 0.2800 0.4500 0.4100 - 0.5400 0.6100 0.6700
Capex 1 250 104 - 43.7 - 1,188 844 694
Capex / Sales 2.99% 1.55% - 0.4% - 11.4% 8.1% 6.62%
Announcement Date 2/25/20 2/22/21 2/21/22 2/20/23 2/20/24 - - -
1THB in Million2THB
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
3.84 THB
Average target price
4.581 THB
Spread / Average Target
+19.31%
Consensus