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 4,240 - -
Change - -28.37% -51.68% -20.08% -51.54% 12.17% - -
Enterprise Value (EV) 1 26,482 18,240 8,944 5,384 280.8 1,393 4,240 4,240
Change - -31.12% -50.96% -39.8% -94.79% 396.25% 204.3% 0%
P/E 37.1x 33.7x 44.4x 78x 18.9x 21.2x 19.3x 26.5x
PBR 4.55x 3.24x 1.59x 1.28x 0.62x 0.67x 0.68x 0.68x
PEG - -1.6x -0.7x -1.4x 0x ∞x 1.93x -1x
Capitalization / Revenue 4.96x 3.95x 2.1x 1.83x 0.95x 0.95x 1.02x 1.12x
EV / Revenue 4.66x 3.57x 1.92x 1.27x 0.07x 0.31x 1.02x 1.12x
EV / EBITDA 8.33x 6.66x 4.4x 3.25x 0.18x 0.84x 2.55x 2.72x
EV / EBIT 24.3x 22.1x 27x 34x 1.19x 4.79x 12.4x -
EV / FCF 7.39x 20.8x 4.69x 3.65x 0.2x 1.43x 2.77x -
FCF Yield 13.5% 4.82% 21.3% 27.4% 495% 69.8% 36.1% -
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% - 4.65% 4.01% 1.89%
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 2.120 2.120 2.120
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21x0.3x0.82x4.7% 125M
16.22x1.99x9.07x1.59% 165B
43.79x6.26x26.9x-.--% 24.09B
18.13x1.98x19.46x1.64% 5.74B
39.89x - - 2.24% 3.76B
10.55x0.88x5.54x6.85% 3.65B
14.33x1.71x18.56x4.93% 3.53B
-4.8x1.98x7.39x-.--% 3.32B
13.18x0.56x4.52x1.27% 3.06B
7.36x0.71x3.22x6.33% 2.28B
Average 17.97x 1.82x 10.61x 2.96% 21.43B
Weighted average by Cap. 19.20x 2.42x 11.33x 1.59%

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