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 2,320 - -
Change - 5.93% -0.8% -31.45% 25.29% -45.54% - -
Enterprise Value (EV) 1 4,720 4,938 4,878 3,292 4,068 2,114 1,997 1,943
Change - 4.62% -1.22% -32.5% 23.57% -48.04% -5.52% -2.7%
P/E 28.4x 29.4x 27.6x 15.7x 16x 15.5x 9.35x 8.47x
PBR 9.79x - - - - - - -
PEG - 12.2x 4.69x 0.8x 0.7x -0.4x 0.1x 0.8x
Capitalization / Revenue 11.8x 10.9x 10.2x 5.85x 5.85x 4.26x 2.95x 2.72x
EV / Revenue 11.8x 10.8x 10x 5.66x 5.59x 3.89x 2.54x 2.28x
EV / EBITDA 23.4x 21.9x 20.6x 11.1x 11.2x 9.52x 5.76x 5.1x
EV / EBIT 25.2x 23.3x 22.1x 12.1x 12.2x 11.2x 6.4x 5.65x
EV / FCF 23.1x 36.8x 25.1x 27.2x 14.7x 11.9x 7.83x 6.9x
FCF Yield 4.33% 2.72% 3.98% 3.67% 6.82% 8.42% 12.8% 14.5%
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% 5.78% 9.66% 10.6%
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 1 400.5 457.2 487.4 581.5 728.2 544 786 853
EBITDA 1 201.9 225.5 236.6 296.7 364.3 222 347 381
EBIT 1 187.1 211.7 220.8 271 333.7 189 312.1 343.9
Net income 1 165.6 169.7 180.3 215.9 265.6 150 248 273
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 11.60 11.60 11.60
Nbr of stocks (in thousands) 200,000 200,000 200,000 200,000 200,000 200,000 - -
Announcement Date 2/24/22 A 2/23/23 A 2/22/24 A 2/21/25 A 2/25/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.47x3.89x9.52x5.78% 68.67M
25.35x4.08x14.18x2.67% 240B
23.7x4.96x12.16x0.7% 204B
16.88x1.92x9.87x2.8% 146B
-572.5x40.7x167.18x-.--% 118B
-131.85x18.31x100.69x-.--% 118B
16.53x2.98x11.5x4.87% 96.4B
23.25x6.01x14.75x2.43% 69.63B
25.21x2.1x13.28x1.23% 49.6B
15.31x2.22x9.43x4.97% 49.64B
Average -54.27x 8.72x 36.26x 2.54% 109.09B
Weighted average by Cap. -59.24x 9.31x 38.71x 1.96%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Netbay

Historical PBR trend

Valuation ratios - PBR - Netbay

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Netbay

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Netbay


Year-on-year evolution of the Yield

Valuation ratios - Yield - Netbay