Company Valuation: Cal-Comp Electronics (Thailand)

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 21,736 105,545 47,234 96,140 - -
Change - 385.58% -55.25% 103.54% - -
Enterprise Value (EV) 1 21,736 118,219 60,552 110,560 108,412 104,601
Change - 443.88% -48.78% 82.59% -1.94% -3.52%
P/E 12.2x 40.4x 22.6x 32.9x 27.7x 24.2x
PBR - - 1.91x 3.68x 3.61x 3.41x
PEG - 0.9x -1.1x 0.8x 1.5x 1.7x
Capitalization / Revenue - 0.71x 0.39x 0.7x 0.62x 0.55x
EV / Revenue - 0.8x 0.5x 0.8x 0.7x 0.6x
EV / EBITDA - 20.1x 12.4x 17.9x 15.4x 13.4x
EV / EBIT - 35x 21.7x 29x 24.5x 20.9x
EV / FCF - 14.3x 126x 22.5x 27.5x 34.8x
FCF Yield - 6.98% 0.79% 4.45% 3.63% 2.87%
Dividend per Share 2 - 0.2 0.23 0.22 0.242 0.2433
Rate of return - 1.98% 5.09% 2.39% 2.63% 2.64%
EPS 2 0.17 0.25 0.2 0.28 0.332 0.38
Distribution rate - 80% 115% 78.6% 72.9% 64%
Net sales 1 - 147,733 120,220 137,937 155,825 175,537
EBITDA 1 - 5,873 4,871 6,173 7,024 7,805
EBIT 1 - 3,373 2,788 3,808 4,426 4,996
Net income 1 1,116 2,603 2,044 2,936 3,621 4,189
Net Debt 1 - 12,674 13,318 14,420 12,272 8,461
Reference price 2 2.080 10.100 4.520 9.200 9.200 9.200
Nbr of stocks (in thousands) 10,450,003 10,450,003 10,450,003 10,450,003 - -
Announcement Date 2/27/24 A 2/27/25 A 2/26/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.86x0.8x17.91x2.39% 2.91B
23.19x1.95x15.4x0.45% 361B
24.18x9.78x17.34x0.36% 189B
21.98x2.07x10.56x0.91% 82.42B
17.01x0.44x7.86x1.88% 49.51B
32.72x5.74x19.54x1.27% 41.83B
34.78x21.23x26.29x1.28% 36.4B
14.18x0.62x7.52x3.38% 32B
11.96x0.62x9.3x5.62% 21.7B
25.63x2.63x16.91x2.87% 19.87B
Average 23.85x 4.59x 14.86x 2.04% 83.61B
Weighted average by Cap. 23.37x 4.60x 15.18x 0.95%

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

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