SAMART AVIATION SOLUTIONS |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 23.5 THB | -1.26% |
|
+6.33% | +45.96% |
Valuation
| Fiscal Period: December | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Capitalization 1 | 10,304 | 15,040 | - | - |
| Enterprise Value (EV) 1 | 10,304 | 14,534 | 14,276 | 15,040 |
| P/E ratio | 35 x | 33.3 x | 27.6 x | 24.2 x |
| Yield | 4.66% | 1.64% | 1.98% | 2.68% |
| Capitalization / Revenue | 6.27 x | 8.2 x | 7.19 x | 6.53 x |
| EV / Revenue | 6.27 x | 7.92 x | 6.82 x | 6.53 x |
| EV / EBITDA | 17.8 x | 20.4 x | 16.9 x | 15.8 x |
| EV / FCF | 34 x | 58.9 x | 27.7 x | 20.3 x |
| FCF Yield | 2.94% | 1.7% | 3.61% | 4.92% |
| Price to Book | 8.08 x | 8.92 x | 7.39 x | 6.39 x |
| Nbr of stocks (in thousands) | 640,000 | 640,000 | - | - |
| Reference price 2 | 16.10 | 23.50 | 23.50 | 23.50 |
| Announcement Date | 2/21/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net sales 1 | - | 1,644 | 1,834 | 2,093 | 2,303 |
| EBITDA 1 | - | 579.1 | 712.5 | 843.5 | 949.5 |
| EBIT 1 | - | 514.8 | 625.5 | 751.5 | 853 |
| Operating Margin | - | 31.31% | 34.11% | 35.91% | 37.04% |
| Earnings before Tax (EBT) 1 | - | 361.8 | 588 | 709.5 | 815 |
| Net income 1 | 199.5 | 271.6 | 450.5 | 543 | 623.5 |
| Net margin | - | 16.51% | 24.56% | 25.94% | 27.07% |
| EPS 2 | 0.3460 | 0.4600 | 0.7050 | 0.8500 | 0.9700 |
| Free Cash Flow 1 | - | 303.1 | 247 | 515 | 739.4 |
| FCF margin | - | 18.43% | 13.47% | 24.61% | 32.11% |
| FCF Conversion (EBITDA) | - | 52.34% | 34.66% | 61.05% | 77.87% |
| FCF Conversion (Net income) | - | 111.62% | 54.82% | 94.84% | 118.59% |
| Dividend per Share 2 | - | 0.7500 | 0.3850 | 0.4650 | 0.6300 |
| Announcement Date | 9/25/23 | 2/21/24 | - | - | - |
1THB in Million2THB
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 |
|---|---|---|---|---|
| Net sales 1 | 400.8 | 534.3 | 408.2 | 434 |
| EBITDA 1 | - | - | 159.2 | 178 |
| EBIT 1 | 146.5 | 129.4 | 142.1 | 154 |
| Operating Margin | 36.55% | 24.21% | 34.82% | 35.48% |
| Earnings before Tax (EBT) 1 | - | 89.73 | 125 | 140.5 |
| Net income 1 | 90.78 | 66.77 | 94.26 | 105.5 |
| Net margin | 22.65% | 12.5% | 23.09% | 24.31% |
| EPS 2 | 0.1560 | 0.1060 | 0.1470 | 0.1600 |
| Dividend per Share | - | - | - | - |
| Announcement Date | 11/8/23 | 2/21/24 | 5/10/24 | - |
1THB in Million2THB
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - |
| Net Cash position 1 | - | - | 506 | 765 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - |
| Free Cash Flow 1 | - | 303 | 247 | 515 | 739 |
| ROE (net income / shareholders' equity) | - | 33.6% | 30.5% | 29.3% | 30.9% |
| ROA (Net income/ Total Assets) | - | 13.1% | 23.3% | 23.5% | 26.4% |
| Assets 1 | - | 2,069 | 1,938 | 2,316 | 2,362 |
| Book Value Per Share 2 | - | 1.990 | 2.640 | 3.180 | 3.680 |
| Cash Flow per Share 2 | - | 0.6800 | 0.9000 | 1.120 | 1.290 |
| Capex 1 | - | 101 | 141 | 141 | 87 |
| Capex / Sales | - | 6.14% | 7.69% | 6.74% | 3.78% |
| Announcement Date | 9/25/23 | 2/21/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
23.5
THB
Average target price
23.8
THB
Spread / Average Target
+1.28%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +45.96% | 417M | |
| -2.09% | 23.15B | |
| -14.46% | 4.72B | |
| -11.64% | 4.68B | |
| -0.59% | 4.61B | |
| -9.78% | 3.51B | |
| -9.84% | 3.28B | |
| 0.00% | 2.58B | |
| +13.74% | 2.29B | |
| +2.80% | 1.87B |
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