Company Valuation: Micro Leasing

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,620 4,020 2,038 916.3 766.7 1,197 - -
Change - -47.24% -49.3% -55.05% -16.33% 56.1% - -
Enterprise Value (EV) 7,620 4,020 2,038 916.3 766.7 1,197 1,197 1,197
Change - -47.24% -49.3% -55.05% -16.33% 56.1% 0% 0%
P/E 40.8x 61.4x -38.9x -6.45x 16.4x 10.7x 10.7x 9.85x
PBR 3.89x 2.05x - 0.53x 0.43x 0.65x 0.63x 0.62x
PEG - -0.9x 0x -0x -0x 0x - 1.18x
Capitalization / Revenue 13.4x 5.69x - 1.2x 1.56x 2.7x 2.65x 2.56x
EV / Revenue 0x 0x - 0x 0x 2.7x 2.65x 2.56x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x - 0x 0x 6.69x 6.61x 6.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.08 0.036 - - 0.027 0.066 0.068 0.073
Rate of return 0.98% 0.84% - - 3.29% 5.16% 5.31% 5.7%
EPS 2 0.2 0.07 -0.056 -0.152 0.05 0.12 0.12 0.13
Distribution rate 40% 51.4% - - 54% 55% 56.7% 56.2%
Net sales 1 569.2 706.7 - 760.8 490.1 444 451 467
EBITDA - - - - - - - -
EBIT 1 383.1 415.2 - 339.6 227 179 181 193
Net income 1 187.5 79.14 -52.54 -153.2 46.22 112 115 124
Net Debt - - - - - - - -
Reference price 2 8.150 4.300 2.180 0.980 0.820 1.280 1.280 1.280
Nbr of stocks (in thousands) 935,000 935,000 935,000 935,000 935,000 935,000 - -
Announcement Date 25/2/22 24/2/23 23/2/24 21/2/25 23/2/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.67x7.31x8.43x1.09% 22.63B
9.31x3.19x28.52x3.58% 8.44B
17.81x7.52x12.14x1.46% 6.4B
7.63x9x9.62x5.12% 6.19B
17.01x2.87x7.2x1.57% 3.24B
8.88x - - 3.64% 2.6B
3.05x - - - 2.47B
7.27x8.83x11.38x6.27% 1.91B
Average 9.95x 6.45x 12.88x 3.25% 6.73B
Weighted average by Cap. 9.94x 6.61x 12.57x 2.38%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield