Company Valuation: Netbay

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,720 5,000 4,960 3,400 4,260 2,660 - -
Change - 5.93% -0.8% -31.45% 25.29% -37.56% - -
Enterprise Value (EV) 1 4,720 4,938 4,878 3,292 4,068 2,454 2,337 2,283
Change - 4.62% -1.22% -32.5% 23.57% -39.68% -4.76% -2.31%
P/E 28.4x 29.4x 27.6x 15.7x 16x 17.7x 10.7x 9.71x
PBR 9.79x - - - - - - -
PEG - 12.2x 4.69x 0.8x 0.7x -0.4x 0.2x 0.9x
Capitalization / Revenue 11.8x 10.9x 10.2x 5.85x 5.85x 4.89x 3.39x 3.12x
EV / Revenue 11.8x 10.8x 10x 5.66x 5.59x 4.51x 2.98x 2.68x
EV / EBITDA 23.4x 21.9x 20.6x 11.1x 11.2x 11x 6.74x 6x
EV / EBIT 25.2x 23.3x 22.1x 12.1x 12.2x 13x 7.49x 6.64x
EV / FCF 23.1x 36.8x 25.1x 27.2x 14.7x 13.8x 9.16x 8.1x
FCF Yield 4.33% 2.72% 3.98% 3.67% 6.82% 7.26% 10.9% 12.3%
Dividend per Share 2 0.7945 0.8162 0.8983 1.179 1.579 0.67 1.12 1.23
Rate of return 3.37% 3.26% 3.62% 6.94% 7.41% 5.04% 8.42% 9.25%
EPS 2 0.83 0.85 0.9 1.08 1.33 0.75 1.24 1.37
Distribution rate 95.7% 96% 99.8% 109% 119% 89.3% 90.3% 89.8%
Net sales 1 400.5 457.2 487.4 581.5 728.2 544.2 785.5 852.8
EBITDA 1 201.9 225.5 236.6 296.7 364.3 222.2 346.9 380.6
EBIT 1 187.1 211.7 220.8 271 333.7 189.4 312.1 343.9
Net income 1 165.6 169.7 180.3 215.9 265.6 149.8 247.9 273.3
Net Debt 1 - -61.81 -82.15 -107.6 -191.5 -206 -322.7 -376.7
Reference price 2 23.60 25.00 24.80 17.00 21.30 13.30 13.30 13.30
Nbr of stocks (in thousands) 200,000 200,000 200,000 200,000 200,000 200,000 - -
Announcement Date 24/2/22 23/2/23 22/2/24 21/2/25 25/2/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18x4.58x11.22x4.96% 80.22M
20.01x3.47x8.93x1.04% 134B
-1002.1x32.6x139.55x-.--% 93.05B
-14.61x6.42x11.13x-.--% 39.22B
51.73x4.95x19.65x-.--% 14.88B
537.13x12.92x33.68x-.--% 14.44B
45.14x4.53x14.75x-.--% 12.08B
-41.43x133.89x-47.03x - 6B
24.8x5.69x12.82x-.--% 4.84B
16x3.31x8.8x-.--% 4.79B
Average -34.53x 21.24x 21.35x 0.67% 32.34B
Weighted average by Cap. -253.89x 15.19x 47.61x 0.44%

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