Company Valuation: BEC World

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,200 20,200 9,760 7,800 3,780 4,040 - -
Change - -28.37% -51.68% -20.08% -51.54% 6.88% - -
Enterprise Value (EV) 1 26,482 18,240 8,944 5,384 280.8 1,193 4,040 4,040
Change - -31.12% -50.96% -39.8% -94.79% 325.02% 238.54% 0%
P/E 37.1x 33.7x 44.4x 78x 18.9x 20.2x 18.4x 25.3x
PBR 4.55x 3.24x 1.59x 1.28x 0.62x 0.63x 0.65x 0.65x
PEG - -1.6x -0.7x -1.4x 0x ∞x 1.84x -0.9x
Capitalization / Revenue 4.96x 3.95x 2.1x 1.83x 0.95x 0.9x 0.97x 1.07x
EV / Revenue 4.66x 3.57x 1.92x 1.27x 0.07x 0.27x 0.97x 1.07x
EV / EBITDA 8.33x 6.66x 4.4x 3.25x 0.18x 0.72x 2.43x 2.59x
EV / EBIT 24.3x 22.1x 27x 34x 1.19x 4.1x 11.8x -
EV / FCF 7.39x 20.8x 4.69x 3.65x 0.2x 1.23x 2.64x -
FCF Yield 13.5% 4.82% 21.3% 27.4% 495% 81.5% 37.9% -
Dividend per Share 2 0.25 - 0.06 0.08 - 0.0986 0.085 0.04
Rate of return 1.77% - 1.23% 2.05% - 4.88% 4.21% 1.98%
EPS 2 0.38 0.3 0.11 0.05 0.1 0.1 0.11 0.08
Distribution rate 65.8% - 54.5% 160% - 98.6% 77.3% 50%
Net sales 1 5,680 5,115 4,653 4,251 3,980 4,471 4,168 3,781
EBITDA 1 3,179 2,739 2,035 1,655 1,587 1,655 1,662 1,559
EBIT 1 1,090 824.4 331.2 158.4 235.7 291 341 -
Net income 1 761.6 607 210 96.28 205.8 210 217.5 169
Net Debt 1 -1,718 -1,960 -815.8 -2,416 -3,499 -2,847 - -
Reference price 2 14.100 10.100 4.880 3.900 1.890 2.020 2.020 2.020
Nbr of stocks (in thousands) 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 - -
Announcement Date 2/18/22 A 2/24/23 A 2/23/24 A 2/21/25 A 2/20/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.2x0.27x0.72x4.88% 124M
19.7x2.26x10.17x1.36% 191B
48.12x6.8x29.21x-.--% 26.49B
18.99x1.88x18.61x1.7% 5.71B
42.11x - - 2.12% 4B
14.22x1.73x17.23x4.79% 3.74B
12.67x0.9x5.89x6.86% 3.68B
16.81x0.63x4.96x1.09% 3.68B
-6.58x2.17x7.88x-.--% 3.66B
7.87x0.73x3.27x5.92% 2.43B
Average 19.41x 1.93x 10.88x 2.87% 24.45B
Weighted average by Cap. 22.38x 2.68x 12.32x 1.39%

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