Company Valuation: Starflex

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,141 2,444 2,835 2,220 2,356 2,304 - -
Change - -40.99% 16% -21.67% 6.1% -2.2% - -
Enterprise Value (EV) 4,141 2,444 2,835 2,832 2,913 2,304 2,304 2,304
Change - -40.99% 16% -0.1% 2.86% -20.9% 0% 0%
P/E 28.1x 42.6x 15.6x 7.94x 9.81x 9.29x 9.29x 9.03x
PBR - - 2.85x 1.96x 2.08x 2.04x 1.99x 1.94x
PEG - -0.7x 0x 0.1x -0.9x 1.49x - 3.07x
Capitalization / Revenue 2.47x 1.46x 1.58x 1.19x 1.2x 1.11x 1.06x 1x
EV / Revenue 0x 0x 0x 0x 0x 1.11x 1.06x 1x
EV / EBITDA 0x 0x 0x 0x 0x 5.83x 5.86x 5.49x
EV / EBIT - - 0x 0x 0x 7.13x 7.22x 6.7x
EV / FCF -0x 0x 0x 0x 0x 15.5x 10.3x 9.93x
FCF Yield -3.15% 1.27% 6.65% 4.86% 12.6% 6.46% 9.7% 10.1%
Dividend per Share 2 0.085 - 0.075 0.133 0.104 0.12 0.12 0.12
Rate of return 1.68% - 2.09% 4.65% 3.31% 3.8% 3.8% 3.8%
EPS 2 0.18 0.07 0.23 0.36 0.32 0.34 0.34 0.35
Distribution rate 47.2% - 32.6% 36.9% 32.5% 35.3% 35.3% 34.3%
Net sales 1 1,674 1,669 1,795 1,869 1,963 2,081 2,176 2,306
EBITDA 1 222.9 124.2 265.2 332.5 332.6 395 393 420
EBIT 1 - - 207 266.2 261.9 323 319 344
Net income 1 149.8 55.07 184.3 280.8 243.2 267 269 274
Net Debt - - - 611.4 556.9 - - -
Reference price 2 5.050 2.980 3.580 2.860 3.140 3.160 3.160 3.160
Nbr of stocks (in thousands) 820,000 820,000 791,793 776,337 750,235 729,084 - -
Announcement Date 2/25/22 A 2/22/23 A 2/27/24 A 2/26/25 A 2/25/26 A - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.29x - - 3.8% 68.32M
15.45x1.42x8.72x5.62% 21.38B
20.11x3.16x8.89x3.04% 19.79B
18.86x1.55x10.64x1.22% 17.42B
19.41x1.86x11.39x2.15% 14B
16.26x1.27x8.43x1.17% 12.74B
19.18x2.27x10.77x1.46% 12B
30.01x1.07x7.95x2.9% 8.51B
24.11x2.26x10.88x1.52% 8.14B
Average 19.19x 1.86x 9.71x 2.54% 12.67B
Weighted average by Cap. 19.45x 1.90x 9.65x 2.64%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Starflex

Historical PBR trend

Valuation ratios - PBR - Starflex

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Starflex

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Starflex


Year-on-year evolution of the Yield

Valuation ratios - Yield - Starflex