Company Valuation: KCE Electronics

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 103,980 54,961 65,015 28,961 21,514 56,445 - -
Change - -47.14% 18.29% -55.45% -25.71% 162.36% - -
Enterprise Value (EV) 1 105,683 57,642 65,475 28,511 20,981 55,979 55,684 54,587
Change - -45.46% 13.59% -56.45% -26.41% 166.81% -0.53% -1.97%
P/E 42.9x 23.7x 37.9x 17.6x 26x 41.8x 31.7x 29.5x
PBR 7.75x 4.1x 4.75x 2.11x 1.64x 4.27x 4.13x 4.01x
PEG - -5.4x -1.5x -4.25x -0.5x 0.7x 1x 3.95x
Capitalization / Revenue 6.96x 2.98x 3.98x 1.95x 1.65x 3.92x 3.53x 3.39x
EV / Revenue 7.07x 3.12x 4.01x 1.92x 1.6x 3.88x 3.48x 3.28x
EV / EBITDA 28.3x 17.3x 24x 11.3x 11.5x 21.6x 17.7x 16.7x
EV / EBIT 39x 26x 40.2x 19.6x 28.9x 40.4x 27.8x 25.8x
EV / FCF 10,304x 56.8x 17.4x 11.4x 13.2x 33.6x 35.2x 22x
FCF Yield 0.01% 1.76% 5.76% 8.8% 7.56% 2.98% 2.84% 4.54%
Dividend per Share 2 1 1.6 1.2 1.3 1.2 1.125 1.297 1.344
Rate of return 1.14% 3.44% 2.18% 5.31% 6.59% 2.36% 2.72% 2.82%
EPS 2 2.05 1.96 1.45 1.39 0.7 1.141 1.507 1.619
Distribution rate 48.8% 81.6% 82.8% 93.5% 171% 98.6% 86% 83%
Net sales 1 14,938 18,456 16,344 14,833 13,075 14,415 15,995 16,654
EBITDA 1 3,733 3,328 2,724 2,522 1,824 2,592 3,150 3,268
EBIT 1 2,709 2,214 1,629 1,455 725 1,385 2,000 2,117
Net income 1 2,426 2,317 1,720 1,648 832.7 1,343 1,782 1,914
Net Debt 1 1,703 2,680 460.4 -449.9 -533 -466 -761 -1,858
Reference price 2 88.00 46.50 55.00 24.50 18.20 47.75 47.75 47.75
Nbr of stocks (in thousands) 1,181,590 1,181,966 1,182,089 1,182,089 1,182,089 1,182,089 - -
Announcement Date 2/8/22 A 2/7/23 A 2/13/24 A 2/24/25 A 2/10/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.86x13.45x19.92x0.34% 5,457B
46.4x18.98x27.94x0.63% 1,988B
22.74x11.14x15.09x1.11% 1,966B
13.08x7.94x9.6x0.06% 1,073B
4.53x2.8x3.37x0.24% 819B
84.46x15.28x57.41x-.--% 789B
-45.32x9.08x25.26x-.--% 549B
220.82x48.5x98.82x-.--% 298B
32.17x11.67x21.64x2.1% 250B
Average 44.75x 15.43x 31.00x 0.5% 1,465B
Weighted average by Cap. 30.36x 13.51x 22.82x 0.46%

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