Financials TMBThanachart Bank

Equities

TTB

TH0068010Z07

Banks

End-of-day quote Thailand S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
1.69 THB -1.17% Intraday chart for TMBThanachart Bank -0.59% +1.20%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 161,884 104,122 142,036 136,454 162,159 164,431 - -
Enterprise Value (EV) 1 161,884 104,122 142,036 136,454 162,159 164,431 164,431 164,431
P/E ratio 11.3 x 10.3 x 13.6 x 9.64 x 8.79 x 8.3 x 7.94 x 7.38 x
Yield 2.38% 4.17% 2.59% - - 6.79% 7.1% 8.39%
Capitalization / Revenue 4.07 x 1.51 x 2.17 x 2.07 x 2.29 x 2.35 x 2.27 x 2.2 x
EV / Revenue 4.07 x 1.51 x 2.17 x 2.07 x 2.29 x 2.35 x 2.27 x 2.2 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.83 x 0.51 x 0.67 x 0.62 x 0.71 x 0.69 x 0.66 x 0.63 x
Nbr of stocks (in thousands) 96,359,354 96,409,417 96,622,875 96,776,074 97,101,488 97,296,739 - -
Reference price 2 1.680 1.080 1.470 1.410 1.670 1.690 1.690 1.690
Announcement Date 1/20/20 1/20/21 1/20/22 1/20/23 1/19/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 39,821 68,791 65,537 65,852 70,961 70,067 72,585 74,825
EBITDA - - - - - - - -
EBIT 1 19,147 37,169 34,318 34,634 39,682 38,591 39,665 41,070
Operating Margin 48.08% 54.03% 52.36% 52.59% 55.92% 55.08% 54.65% 54.89%
Earnings before Tax (EBT) 1 8,810 12,338 12,804 17,547 17,482 20,342 22,228 23,578
Net income 1 7,222 10,112 10,474 14,195 18,462 20,204 21,735 23,526
Net margin 18.14% 14.7% 15.98% 21.56% 26.02% 28.84% 29.94% 31.44%
EPS 2 0.1485 0.1047 0.1083 0.1462 0.1900 0.2037 0.2129 0.2291
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0400 0.0450 0.0380 - - 0.1148 0.1199 0.1418
Announcement Date 1/20/20 1/20/21 1/20/22 1/20/23 1/19/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - 17,131 15,774 15,889 16,349 - 16,870 17,760 34,630 18,000 18,332 17,670 17,768 17,768 17,818 17,805
EBITDA - - - - - - - - - - - - - - - -
EBIT 1 - 8,509 8,787 8,627 8,902 8,317 9,567 9,897 19,464 10,222 9,996 10,099 9,496 - - -
Operating Margin - 49.67% 55.71% 54.3% 54.45% - 56.71% 55.73% 56.2% 56.79% 54.53% 57.16% 53.45% - - -
Earnings before Tax (EBT) - 3,492 3,979 4,245 4,541 4,782 5,291 5,653 - 5,868 669.9 4,982 - - - -
Net income 1 7,258 2,799 3,195 3,438 3,715 3,847 4,295 4,566 8,861 4,735 4,866 5,334 5,206 - - -
Net margin - 16.34% 20.25% 21.64% 22.72% - 25.46% 25.71% 25.59% 26.31% 26.55% 30.19% 29.3% - - -
EPS 2 0.0753 0.0289 0.0330 0.0353 0.0380 0.0399 0.0442 0.0470 0.0912 0.0486 0.0502 0.0500 0.0533 0.0505 0.0519 -
Dividend per Share 2 - - - - - - - - - - - - - - 0.1255 -
Announcement Date 7/20/20 1/20/22 4/20/22 7/20/22 10/20/22 1/20/23 4/19/23 7/19/23 7/19/23 10/19/23 1/19/24 4/19/24 - - - -
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 4.92% 5.06% 5.04% 6.6% 8.24% 8.68% 8.88% 8.98%
ROA (Net income/ Total Assets) 0.52% 0.55% 0.59% 0.79% 1.01% 1.07% 1.21% 1.26%
Assets 1 1,378,073 1,833,245 1,784,335 1,796,859 1,825,354 1,883,984 1,803,298 1,873,287
Book Value Per Share 2 2.020 2.120 2.180 2.260 2.360 2.450 2.560 2.700
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/20/20 1/20/21 1/20/22 1/20/23 1/19/24 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
1.69 THB
Average target price
2.054 THB
Spread / Average Target
+21.53%
Consensus
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  4. Financials TMBThanachart Bank