Company Valuation: AMR Asia

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 3,750 2,416 1,034 549.4 254
Change - -35.57% -57.21% -46.86% -53.76%
Enterprise Value (EV) 1 2,783 1,953 1,090 618.7 454.2
Change - -29.82% -44.17% -43.26% -26.59%
P/E 21x 495x -3.05x -5.02x -1.66x
PBR 2.62x 1.75x 1.04x 0.62x 0.35x
PEG -0.5x -5.1x 0x 0.1x -0x
Capitalization / Revenue 2.33x 1.77x 1.36x 0.7x 0.4x
EV / Revenue 1.73x 1.43x 1.44x 0.79x 0.71x
EV / EBITDA 11.7x 105x -2.95x -5.54x -3.52x
EV / EBIT 12.3x 266x -2.86x -5.02x -3.18x
EV / FCF -22x -4.43x -5.66x 18.1x -6.13x
FCF Yield -4.55% -22.6% -17.7% 5.51% -16.3%
Dividend per Share 2 0.16 0.05 - - -
Rate of return 2.56% 1.23% - - -
EPS 2 0.298 0.008198 -0.573 -0.1854 -0.2596
Distribution rate 53.7% 610% - - -
Net sales 1 1,609 1,364 758.8 783 636.5
EBITDA 1 237.8 18.53 -370.1 -111.7 -129.1
EBIT 1 225.7 7.34 -380.7 -123.2 -142.7
Net income 1 178.8 4.914 -339 -109.5 -153.4
Net Debt 1 -967.3 -463 56.69 69.34 200.2
Reference price 2 6.2500 4.0600 1.7500 0.9300 0.4300
Nbr of stocks (in thousands) 600,000 595,081 590,710 590,710 590,710
Announcement Date 28/2/22 23/2/23 28/2/24 27/2/25 26/2/26
1THB in Million2THB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
53.83x2.46x23.54x0.07% 92.72B
13.14x1.11x6.08x4.45% 77.15B
27.07x2.07x20.35x1.12% 58.33B
33.26x4.18x22.68x0.2% 56.77B
53.03x4.25x27.03x1.68% 43.2B
29.52x0.73x12.04x2.1% 37.22B
24.31x0.5x7.85x2.43% 33.61B
23.31x1.59x14.68x0.2% 33.68B
4.56x0.3x6.01x6.17% 27.53B
Average 29.12x 1.91x 15.58x 2.05% 51.14B
Weighted average by Cap. 31.70x 2.09x 16.66x 1.81%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA