Company Valuation: Sappe

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,035 13,642 26,667 20,866 9,319 9,921 - -
Change - 69.78% 95.48% -21.75% -55.34% 6.46% - -
Enterprise Value (EV) 1 8,035 13,353 26,122 20,105 8,636 9,116 8,902 8,875
Change - 66.19% 95.62% -23.03% -57.05% 5.56% -2.34% -0.31%
P/E 19.6x 20.9x 24.8x 16.6x 12.2x 13.5x 11.8x 10.4x
PBR 2.77x 4.19x 6.99x 4.76x 2.19x 2.12x 1.95x 1.81x
PEG - 0.4x 0.4x 1x -0.3x -3.15x 0.8x 0.8x
Capitalization / Revenue 2.33x 2.99x 4.41x 3.08x 1.77x 1.76x 1.63x 1.52x
EV / Revenue 2.33x 2.92x 4.32x 2.97x 1.64x 1.61x 1.46x 1.36x
EV / EBITDA 10.8x 13.1x 16.9x 11.1x 7.12x 7.53x 6.6x 6.08x
EV / EBIT 14.7x 16.1x 19.1x 12.8x 8.97x 9.59x 8.1x 7.36x
EV / FCF - 19.1x 29.4x -249x 25.4x 17.1x 13.9x 10.2x
FCF Yield - 5.24% 3.4% -0.4% 3.94% 5.84% 7.21% 9.82%
Dividend per Share 2 1.1 - - - - 1.509 1.69 1.913
Rate of return 4.19% - - - - 4.61% 5.16% 5.84%
EPS 2 1.34 2.12 3.49 4.07 2.53 2.422 2.776 3.155
Distribution rate 82.1% - - - - 62.3% 60.9% 60.6%
Net sales 1 3,444 4,566 6,053 6,775 5,253 5,649 6,080 6,538
EBITDA 1 743.4 1,018 1,546 1,804 1,213 1,211 1,349 1,459
EBIT 1 545.5 830.5 1,368 1,567 962.6 950.2 1,099 1,205
Net income 1 410.8 653.2 1,074 1,253 776.2 745 852.3 969.1
Net Debt 1 - -288.4 -544.7 -760.7 -683.1 -805 -1,019 -1,046
Reference price 2 26.25 44.25 86.50 67.75 30.75 32.75 32.75 32.75
Nbr of stocks (in thousands) 306,087 308,289 308,289 307,987 303,055 302,925 - -
Announcement Date 2/24/22 A 2/28/23 A 2/27/24 A 2/24/25 A 2/27/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.76x1.64x7.63x4.55% 301M
Average 13.76x 1.64x 7.63x 4.55% 300.81M
Weighted average by Cap. 13.76x 1.64x 7.63x 4.55%

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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